Technology is present in virtually every part of an individual’s life. The iPhone alarm wakes you up. The Waze app gets you where you’re going. LinkedIn, Facebook and Twitter are the new playgrounds where you play nurturing your social networks. Technology is ever-present.
How are organizations going to learn? Organizations – both big and small – will need to adapt to new challenges to survive.
Redefinition of social capital: personal, not corporate brands are determining business relationships
Redistribution markets: unwanted or underused goods resold
Collaborative lifestyles: non-product assets such as space, skills, and money are exchanged and traded in new ways
Product service systems: pay to access a product or service without ownership
Redistribution markets, collaborative lifestyles, and product service systems have spurred the rise of consumptive collaboration – new shared reinvested through technology. Traditional sharing, bartering, lending, trading, renting, gifting, and swapping redefined through technology and peer communities bloomed into the sharing economy.
This collaborative economy places value on a combination of reputation, community, and shared access. Underutilized assets and resources are offering alternatives making space for on-demand platforms that reach critical mass based on the efficiency of crowds and the trust of communities.
The competing forces and evolving priorities have created a new world born on the back of business fragmentation feeding off the influence of social environments. Here technology breakthroughs are the norm and resource scarcity is a driver in the global shift of power.
Healthcare companies are launching a flurry of interaction applications to capture the attention of patients and their loved ones.
Ease delivers medical marijuana delivered in minutes or less. Think of a slick decision support tool for medical marijuana. Ease offers a high quality, lab-test menu, with fast and convenient delivery with technology that provides an experience for patients that is safer than the alternatives.
Helparound addresses the daily struggle of chronic patients on caregivers. Part of helparoundis Diabetes Helpers, is a help network on mobile and desktop where people help each other navigate life with diabetes. People with type 1, type 2 diabetes, gestational diabetes and their caregivers answer each other about the symptoms of diabetes, how to lower their a1c, and learn more about diabetes diet and management.
Stat provides on-demand doctors, medical care, medical transport and companionship. Stat is healthcare on-demand and with a simple push of a button, patients can reach a doctor, CNA, HHA, or a medical transport in minutes for themselves or cared for loved ones.
Popexpert, gives users an opportunity to learn life and work skills directly from top experts to be happier, healthier, and more productive. From getting fit to staying healthy popexperts, has the latest in life, work, and play.
Medicast, is helping hospitals and health systems bring back the house call. This new platform offers care delivery for the on-demand age. Medicast helps hospitals and health systems modernize their care delivery networks with sophisticated, easy-to-use technology that has been designed in collaboration with patients and physicians.
The sharing economy is bringing people together. In our small and beautifully connected world – reputation, community, and shared access matters.
Peter B. Nichol is a business and technology executive recognized for achievements in digital innovation by the CIO 100 awards program, the MIT Sloan School of Management, Computerworld, BRM Institute and the Project Management Institute. As managing director at OROCA Innovations, Peter leads the CxO advisory services practice, which drives strategies across digital, innovation and blockchain technologies.
As the former head of information technology at Access Health CT (AHCT), Connecticut's health insurance exchange (HIX), Peter oversaw AHCT's online marketplace systems and worker case-management and electronic integration with the systems of federal agencies, state agencies and insurance carriers. He was responsible for AHCT's industry-leading digital platform, which transformed consumer- and retail-oriented services for the health insurance industry. For this, Peter was recognized as a finalist for the 2015 MIT Sloan CIO Leadership Award.
Peter also championed AHCT's digital implementation with a transformational cloud-based SaaS platform and mobile applications that were recognized by CIO magazine in the 2015 CIO 100 awards. Peter also received a lifetime achievement award for leadership and digital transformation and was honored as a 2016 Computerworld Premier 100 IT Leader.
Previously, Peter was the program director for AHCT's marketplace implementation, providing the most stable HIX launch, on Oct. 1, 2013. The system helped reduce Connecticut's uninsured rate by more than half. It was recognized as a national model for success and was a finalist for the Project Management Institute's Project of the Year Award in 2014.
Recently, Peter was recognized by the BRM Institute as a 2019 BRM Excellence Award Winner in two categories: 2019 BRM Trailblazer and 2019 BRM Practitioner. The BRM Trailblazer award is for individuals within organizations who are making an impact on global BRM adoption. The BRM Practitioner award is for innovative initiatives implemented within the past year to help BRMs advance their leadership and impact on the world.
Peter has a B.S. in computer information systems from Bentley University and an MBA summa cum laude from Quinnipiac University. He earned a PMP certification in 2001 and is a certified Scrum Master, SAFe Agilist (SA), SAFe Practitioner (SP), and Six Sigma Master Black Belt. He also is the first leader to be globally credentialed as a Master of Business Relationship Management (MBRM) by the BRM Institute, a growing organization now spanning 85 countries. Peter is a commercial-rated pilot and a master scuba diver. He understands, based on firsthand experience, how to anticipate change and lead boldly.
The opinions expressed in this blog are those of Peter B. Nichol and do not necessarily represent those of IDG Communications Inc. or its parent, subsidiary or affiliated companies.