Cash Rich – Time Poor – How to break this cycle with disruptive technology

Being Cash Rich and Time Poor sounds like a middle to upper class problem. In truth it affects everyone, and is one of the key indicators of our age.

Quoting from an interview in Time Magazine with Melinda Gates, the article says:”If Melinda Gates could choose one superpower, she says she would pick something that many of us might envy: “more time.” Gates explains her choice in the just-released Annual Letter from the Bill and Melinda Gates Foundation, which outlines the organization’s upcoming goals in its global mission to reduce poverty, improve health, and increase education and access to information. This year, the letter is directed towards teens, and Gates’ focus is on time poverty.”

If one of the richest families on Earth have a time problem, and if their research reveals that this extends to the poorest of the poor, then you can be sure that all of us are involved in some level of too much to do, and too little time to complete it.

So what has that got to do with work?

While many of us are sure that we could work more efficiently, many global major manufacturers are finding that they have more or less reached the end of the “Efficiency Dividend” or savings or better output by improving procedures, attitudes and communications.

Where to now?

New disruptive technologies have to become the norm.

With the dawn of computerisation, we computerised some of our actions. This often seemed to slow down how experienced people did things, but once a full system was developed, we could not live without it. This encouraged us to computerise more actions. This sometimes lead to some computerised conflict, but eventually, efficiencies were earned. Now we have to connect these “Islands of Intelligence”, and while we initially tried to use humans for this, it takes too long, so automated integration is now becoming the norm. Most of this has been done within the original template of the company procedures. Disruption is now knocking on the door. After computerising the way we worked as humans, the computers are starting to say: “Why do it that way?”.

Uber is a current example. Before, many taxis roamed around looking for passengers, racking up costs in the process. Chances are though if a taxi drove by, it was on a paid errand and would not respond. This meant walking to a Taxi rank, which in itself required a taxi! By aggregating technologies, a device in your hand knows where you are. You link it to where taxis are. The nearest one comes to you already knowing where you want to go. A fare estimate is agreed upon up front. You can share this trip, pay for someone else to travel, track the kids to school, keep accurate records and score special deals when traffic is slow.

Elon Musk has used another disruptive approach. He decided to make rockets, and avoid rocket scientists. He decided to make cars and ignore car manufacturers. Its more than “Thinking out of the box”. It is setting a completely new path without treading the old one first.

We aim to use disruptive technologies within our business to give you the best service and support we can.

We aim to deliver new and innovative (Disruptive) technologies to your same old same old quality, manufacturing and research processes.
Watch our blogs for developments in this regard.

Talk to us about things you would like to do better.