Innovation shouldn’t be easy. It requires understanding and breaking through existing patterns — in technology, behavior, policies or market forces. Innovating life-saving solutions for the world’s greatest health challenges, whether they are products or services, is also not easy because the patterns are complex — and sometimes unknown.
With great progress, comes even greater demand. With over 74% of Myanmar’s population lacking access to electricity, the need to have an efficient power generation system could not be more important. As a country, it is imperative for Myanmar to build the right infrastructure and partner with the right companies to provide the most efficient technology, and ultimately, cost savings to the people of the Myanmar.
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Talk of these stubborn gaps often takes my breath away, because the country has worked so hard since the Great Recession to grow jobs and the economy. Conference hotels should provide oxygen tanks for meeting participants seeking to solve the skills gap problem.
At the national level, we can and must do more to foster innovation. It will keep our economy humming, our businesses competitive and hiring, our manufacturers producing, our standard of living rising and our wages high.
There are five essential ingredients for innovation:
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Steve Vamos Non-executive Director, Telstra