Innovation in Sharing Economy

October 26, 2015

The sharing economy refers to economic and social systems that enable shared access to goods, services, data and talent. New firms come from an array of industries, ranging from food delivery and transportation to childcare and medical services. Uber’s on-call car service and Airbnb’s lodging rentals may be the best known, but new entrants are emerging all the time.

There is no doubt that the sharing economy is transforming the way people travel, live and socialize. However, it has its critics in traditional companies; for example, taxi companies, commercial car parks, hotels and so on. Meanwhile, many such companies are experiencing worse-than-usual growing pains and are facing unforeseen risks as they arise.

So how can the sharing economy change people’s lives and traditional companies? How should we view the power of disruptive innovation that has been involved in the process? And how can firms effectively manage and mitigate their risk exposure?

Ni Hao, you’re listening to People In the Know, presenting you with insights into the headlines in China, and around the world, I’m Luo Yu in Beijing.

For more, I spoke with Shunee Yee, CEO and President of CSOFT International, a localization and translation company based in Beijing.

Click here to read the full article.

About CSOFT Health Sciences

CSOFT Health Sciences, leaders in clinical trial localization, provides AI/ML-enabled medical translation services for all phases of the drug and medical device product lifecycle, from development to post-launch. We also specialize in DCT solutions, linguistic validation, and CTD/eCTD submissions with the FDA, EMA, and NMPA. Our operations are certified in ISO 17100:2015, ISO 9001:2015, and ISO 13485:2016, ensuring our customized solutions meet the rigorous regulatory requirements of MMA, NDA, CTA, and Medical Device Application submissions. www.csoftintl.com

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