The series Formula 1: Drive to Survive has dived many people to get to know more about the sport with this popular documentary on Netflix. All the logistics, engineering, interviews and dramas are an exclusive overview available online. Sincerely, I have to say that it made me become a fan, and definitely more interested in the F1 world.
Deepening on my research to learn more about this amazing sport, I’ve found some contributions they’ve done to drive innovation in diverse industries. They’ve used their power to impact the market in a positive way and help lots of people by exploiting ideas using current resources. I would like to share a few to take a glance at their developments.
A look at F1 influencing the industries with an innovation boost…
- New Value Proposition For The Medical Industry — Ferrari
I could say that lots of my interests are immersed in the F1 event, including innovation, teamwork effectiveness and quality practices. When I was studying in college, my Design of Experiments professor, loved to include examples related to the pits at F1. Now that I watch the races, I can clearly see the importance of identifying the significance of each variable in the process in order to improve its efficiency and reduce errors. At the end of the day, even microseconds can make a difference.
Today, even the Medical Industry has adopted F1's team effort logistics to transfer the patient, equipment, and information safely and quickly from operating room to ICU. The Ferrari Formula 1 team suggested a new handover protocol with more sophisticated procedures and better coordinated teamwork. As a result, the hospital reported improved patient safety and a reduction in error rates from 30% to 10%.
2. Technology For Ground And Air Traffic — McLaren
F1 has also applied their technologies in order to improve public transport by developing 5G infrastructure for connected road, rail and underground transportation. Today, their technology is being used in the Singapore Mass Rapid Transit system among others.
Even the air traffic controllers are benefited by F1 to predict which departures and arrivals are most likely to happen out of schedule at an airport by running thousands of simulations every second on-the-fly avoiding congestion, saving time and emissions.
3. Agile Solutions For Pandemic — Mercedes
The Continuous Positive Airway Pressure (CPAP) devices, which help coronavirus patients with lung infections to breathe more easily, were developed by engineers at the Mercedes team and University College London (UCL), and clinicians at UCL Hospital. It took fewer than 100 hours from the initial meeting to production of the first device.
“Making the design and manufacturing specifications available on an ‘open source’ basis will allow companies around the world to produce these devices at speed and at scale to support the global response to Covid-19.” (Andy Cowell, Managing Director of Mercedes-AMG High Performance Powertrains)
It’s really exciting to see the power of cross-industries innovations being implemented. Solutions can be successful in one sector and aren’t necessarily exclusive for that same industry. At the end of the day, it gives companies the possibility to get ideas from outside their box, decreasing the risk of failure since they are already existing and successful utilized ideas. I firmly believe in the impact that companies might have on others regardless of their segmentation. The F1 is driving innovation for many industries! Definitely a leader who is wisely using their resources.