The concept of marginal gains is all about small incremental improvements in any process adding up to a significant improvement when they are all added together. It has revolutionised some sports, but does the same apply to everyday life?
Some of the most innovative technology companies from across the globe operate using a marginal gains approach. Each year Google runs 12,000 data-driven experiments to discover small weaknesses and, thus, small improvements.
They found that by tweaking the shade of the Google toolbar from a darker to a lighter blue, it increased the number of click-throughs. This marginal change increased revenue dramatically.
In the UK, preventable medical error takes more lives than road traffic accidents. These mistakes should not happen; however, they do – time and time again! Why? One significant reason is many doctors struggle to admit to their mistakes and weaknesses because they worry about the effect on reputation and possible litigation.
30% of traffic in City Centres is caused by people looking for a parking space. This causes a significant increase in air pollution and an inconvenience to citizens. Why? Residents don’t know which parking spaces are available or the fastest route to reach them.
Typically, people use the phrase “Rome wasn’t built in a day” to remind someone of the time and repeated small steps needed to create something great. We know that Rome was not built in a day, but we often forget that they laid bricks every hour.
In recent years, the internet has changed many things for mankind. It’s transformed the way we live, work and play, connecting us to the things we love. Now, a new type of Internet has been born – “The Internet of Things” and it’s already being used across the globe to make us aware of problems before they even arise.
Each second, another 127 devices are connected to the internet. The number of IoT devices that are active is expected to grow to 10 billion by 2020. Working as an extension of Internet connectivity into physical devices and everyday objects, Internet of things devices can communicate and interact with others over the Internet, and they can be remotely monitored and controlled.
Data collected via the ‘Internet of Things’ is no longer just something from science fiction, it’s here and will redefine our everyday. It’s difficult to imagine the speed and volume of data being generated through innumerable sources like IoT, sensors, wearable devices, tweets, YouTube videos, mobile communications, chats, pictures, emails, blogs, Skype, print media, TV, smart devices.
In October 2019, Connexin will be holding a customer partner conference event at the Bonus Arena, Hull.Connexin Live 2019 – The Power of Datawill provide delegates with a unique opportunity to broaden their understanding of how IoT devices can collect data which can be used to optimize our lives and the services we rely on daily.
Connexin Live – The Power of Data will bring together experts from leading businesses, local government, universities and development organisations to make connections, explore synergies and learn from one another. We will be exploring:
- How Data in the water industry is reducing leaks and providing new ways to manage flooding.
- How information about the quality of air around us can help save lives.
- How Data from CCTV can be used to manage antisocial behaviour, manage road congestion and much much more.
- How IoT is driving efficiency in the manufacturing and private sectors.
Hundreds of tickets for the event have already been reserved. More detail can be found on the Connexin Live Eventbrite page.
“When embarking on a long journey we must think about the destination and not focus too greatly upon the route which took us there.” – Alex Yeung, Connexin Co-Founder & COO