Indonesia Innovation Day: The profound impact an innovation has on our lives

Welcome back to another edition of Privy Presents, a newsletter specifically curated by Privy team to discuss digital identity and other closely related topics, delivered to you every Wednesday.?

Did you know that November 1st is commemorated as Indonesian Innovation Day???

This commemoration was initiated to remind individuals, businesspeople, and companies in Indonesia to create an innovative culture, products and services for a better life for the Indonesian people. In this edition, we will discuss the importance of innovation for ourselves and the people around us.?

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What makes innovation important for people?

Innovation is one of the fundamental factors that determines whether a person or an organization is successful or not. People tend to innovate for various reasons, driven by a combination of personal, societal, and economic motivations. It often begins with the desire to solve a problem or address a challenge.?

Innovators typically aim to discover better solutions for their encountered problems. They strive to improve their existing products or services which can involve enhancing functionality, reducing costs, even increasing convenience. Moreover, some innovations are created by the desire to make a positive impact on society by addressing social or environmental issues.?

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Positive aspects of innovations and its relation to technology?

Making innovations can bring numerous positive aspects to many people's lives and foster prosperity. For example, innovations can increase efficiency and productivity in various sectors, helping individuals and businesses do more with less effort. Furthermore, everyone now can get access to knowledge and education worldwide through innovations in communication and information technology.??

Innovation and technology are closely intertwined, with innovation often being a driver of technological advancements and vice versa. Innovations in one area can create new technological possibilities, which, in turn, open new opportunities for further innovation. It also drives the creation and evolution of technology, which then provides the means for innovators to develop and implement their ideas. This relationship is pivotal in shaping our rapidly changing world.?

Innovation in technology brings many advantages to human life in various fields. For instance, in Indonesia, banking services are available digitally. Users can request to open a bank account and register for credit cards all from the convenience of their smartphones.?

In addition, people use online platforms to purchase the things they need, providing them with the flexibility to choose between in-store visits to supermarkets or official stores and the convenience of browsing and shopping from the comfort of their homes or any location of their choice.?

Furthermore, the healthcare sector has also witnessed the transformative impact of technological innovations. Patients no longer require physical visits to hospitals when they experience symptoms, as doctors can remotely assess their conditions through telemedicine technology.?

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Making innovations with different capabilities and qualities?

Everyone certainly has different potential and abilities. This difference can actually drive people to make innovation and positively influence the future. Continuing to make innovations ensures that we remain adaptable, competitive, and equipped to address evolving challenges and opportunities.?

Growing up in a digital age, young individuals are often more proficient in using technology, a key driver of innovation. The ability to adapt easily and open to change makes it easier for them to try new things in a rapidly evolving world. It is important to continue to develop innovation not only to make things easier for yourself but also for the people around you.?

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One thing for sure, changes will continue to occur. By innovating, not only do we prepare for life in the present, but also for the future.?

Thank you for reading and see you next Wednesday!?

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