Tuesday, March 6, 2012

The failure of failure

The digital age has not only it possible to try multiple approaches and solutions  – from a competitive standpoint, it's made it a necessity. Since it often costs little or nothing to quickly try multiple ways to create new products or services, others may stumble upon a better solution by virtue of simply trying new and different ways - lots of them.

Clearly, however, some level of failure is unacceptable. At an amazing City Club Friday Forum held late in 2011, the director of the National Institute of Health (NIH) talked of the wonder of modern bioscience - and the frustration of not being able to do more. Dr. Francis Collins, a former Clevelander, is the lead guy at the NIH, the nation's lead agency for directing the highest levels of medical research. Listen to the audio clip and you'll hear someone who is centered on the target of how we must get better at making mistakes - and better at not making them again.

After all, technology allows us to quickly create and edit words, shoot multiple images from multiple camera sources, create multiple pharmaceutical compounds and test them on multiple disease models, and other tactics to find an answer, make a million, or cure a disease. But if we don't use same similar digital technology (advanced and predictive analytics, performance intelligence, etc.) to also improve our success rate, we will continue to move faster and faster, but we won't get much more successful, either.    

The attached media link (at the top of the page) takes you to a one minute audio clip from the event. NOTE: the audio level is low, so turn up your speakers.

If you'd like to see the complete Forum, including video, click here.

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