Entrepreneurship Blog

Topic I - What will be the problems you plan to solve with AI?  Ivans Novikovs TP077480 Artificial Intelligence (AI) is an emerging technology of a transformable nature that can take on numerous challenges in different sectors. The critical problems to which AI might lend a hand, from health to environmental ones, are high. Here, we delve deep into some of the grave problems for which AI is driven toward a solution and the impact it has on our future. Healthcare Improvements The health domain is one of the most important areas where AI will prove vital. AI technologies are developed for diagnostics, personalized treatment plans, and ameliorated care for patients. For instance, medical images, supported by AI algorithms, can be well analyzed for the detection of diseases like cancer at an early stage. More so, it helps in predicting the outcome based on the history of the patient, which helps the doctor in making better decisions (Esteva et al., 2017). This shall also involve t...

How Might We Questions: Challenges and Opportunities for Amazon "How Might We" (HMW) questions serve as a powerful tool to frame problems and generate innovative solutions. These questions open the door to creative ideation by transforming challenges into opportunities, promoting a mindset where possibilities are explored rather than constraints. Let's delve into how Amazon, a global e-commerce and technology giant, can leverage HMW questions to tackle its challenges and seize opportunities. Understanding "How Might We" Questions The essence of HMW questions lies in their ability to reframe issues positively and collaboratively. By asking "How might we improve the shopping experience for our customers?" rather than simply identifying problems, teams can focus on potential solutions. This approach fosters a collaborative environment where diverse perspectives contribute to holistic problem-solving (Design Kit, n.d.). Effective HMW questions are specific...

Unveiling Needs, Inspiring Solutions: Design Thinking for a More Inclusive Malaysia Julian Ong - TP077923 Clarifying needs, inspiring solutions, design thinking for a more inclusive Malaysia Constant innovation and empathy is needed to move towards a truly inclusive society. A powerful framework for organisations such as Damai Disabled Persons Association Malaysia to understand the challenges faced by the disabled community can be found within design thinking, which is a human centered approach to solving problems; Understanding the Landscape: What Is? The first step in design thinking involves a deep dive into the current situation. For Damai, this would mean thoroughly understanding the specific needs and challenges faced by disabled individuals in Malaysia. This could involve conducting research through surveys, interviews, and focus groups with disabled people themselves, their caregivers, and relevant experts (Voltage Control, 2023). Brainstorming Possibilities: What If? The desig...

 TOPIC 8 Bank Negara Malaysia (The Central Bank of Malaysia) Maahir Hamdan 09/05/2024 Design Thinking in Action: Transforming Banking with Bank Negara Malaysia Design thinking is not just for flashy tech startups. This is an effective device that may be implemented in any industry, and Bank Negara Malaysia (BNM), a significant bank in Malaysia, proves this. Permit delves into BNM's design wonder technique, the use of the "what's; What if; What wow; What works" framework. What is: Understanding the Challenge BNM identified a challenge: financial illiteracy among Malaysians. This limited financial inclusion and hindered economic growth. Traditional educational methods weren't engaging enough. What if: Reimagining Financial Education BNM adopted a human-centered approach. They conducted user research (Voltage Control, 2023) to understand Malaysians' financial knowledge, attitudes, and preferred learning styles. This led to the "RinggitWise" initiative. ...

Topic 1: Potential Problem Solved by AI Artificial Intelligence (AI) has great potential to address many current and future challenges in a wide range of industries. Healthcare is one important sector where AI has the potential to have a big impact. AI-powered solutions have the potential to improve patient care, treatment planning, and diagnosis due to the increasing complexity of diseases and the growing demand for medical services. Large volumes of medical data can be analyzed by machine learning algorithms, which can then be used to spot trends and forecast illnesses, allowing for early diagnosis and treatment. An example of a recent event that took place was the deployment of Elon Musk's first Neuralink patient. But first, what is Neuralink? Neuralink is a neurotechnology company founded by Elon Musk back in 2016 where it aims to develop a brain-computer interface technology that will allow the brains of patients to directly communicate with digital devices. As for the aforeme...