Entrepreneurs solving real world problems
Today we constantly look for innovations that shift paradigms. We believe that it is forward-thinkers who are best placed to spot and solve real-world problems.
Like Mark Yong, innovation is central to what we do and has been a constant throughout the history of Credit Suisse.
We have shaped some of the innovations in the financial markets over the past one and a half centuries. After the success of establishing a direct telex connection with New York, other innovations followed: opening the first drive-in bank, launching the first telephone banking service and the first internet banking platform to name just a few. Today, the financial industry itself is working to tackle some of the world's problems by helping to build out the impact and sustainable investing space.
Let's take a look at some of the real-world problems being addressed by entrepreneurs and new technologies like robotics and augmented reality.
The drone technology being developed by entrepreneurs like Mark Yong can be used for much more than delivering packages. Drones can monitor large areas of land and analyze crop health, increasing output in a sustainable way. "I'm using robotics to solve real-world problems." says Mark Yong, the founder and CEO of Garuda Robotics, "even making 25 percent of crops healthier will have an immediate and significant impact." The proposed solution should improve speed, precision, and yield volume, but also could reduce the environment-unfriendly farming practices.
With our fast-paced lives and increasing focus on safety as well as easier-than-ever access to digital solutions, means of transport are on the verge of revolution. For example, augmented reality can now allow for virtual objects to be projected onto the windshield of your car to warn the driver against any potential dangers.
Faster, more precise diagnostics
Thanks to faster-than-ever data processing, robots are quicker than humans in diagnosing certain illnesses. At Credit Suisse we keep an eye on the most promising developments.
Better control of epidemics
No matter how technologically advanced we are, epidemics still threaten the world. Malaria is one of top killers in the world and nearly half of the world population is at risk of contracting it. The tropical climate is a fertile breeding ground for mosquitos, which spread the disease. Drones can fly over hard-to-reach areas to scan for stagnant pools of water and spray larvicide to neutralize the insects.