Bank, one of the big four banks of Australia is “shaking up its management style” by rolling out a ‘Scaled Agile’ approach across its Australian division leveraging the operating model and practices adopted by technology companies and several IT teams of different corporations. The method of organizing and delivering work
Commonwealth Bank of Australia(CBA), the largest bank in Australia in August,2017 was charged with a massive fine by banking regulatory body, AUSTRAC. CBA was charged that it failed to monitor the illegal deposit of money through its intelligent deposit machines and indirectly it had allowed money laundering. Without getting into
1,1,2,3,5,8,13,21,34… This is the famous Fibonacci number sequence, where the third number is sum of previous two numbers. The series itself was inspired when Leonardo Fibonacci observed the way the way rabbits bred themselves. Soon the pattern found its way in understanding bee colonies, the seeds in sunflowers, structure of
In the mid 1800’s one of the biggest challenges of shipping was the loss of lives and material due to overloading of ships. The growing public concern on this matter finally made the British Parliament to take it seriously and find a solution. Finally in 1875,a solution was implemented. The
For years, several products have been designed by shapes and movements of animals (e.g cars) and patters of nature.But there are several product designs which continue to get inspired by unconventional sources like arts, weapons and more . Inspiration from Origami For years, one of the challenges for the economy
US Researchers from University of of California, Berkeley were inspired by cockroach’s ability to withstand heavy forces and ability to flatten themselves to fit tight spaces. They attributed this to its exoskeleton feature which can be compressed when subjected to heavy force without breaking. The researchers were able to replicate
In 1916, a young American scientist and inventor called Clarence Birdseye went to Canada as a fur trader. He noticed that people in Labrador kept their food frozen in the snow for extended periods in the winter. During his time in the Arctic, Birdseye observed that Eskimos froze food in
In 1940s, painting car was a specialised task and it took 40 odd days to paint a car;this proved to be a big bottleneck to increase car production. The solution to this challenge however came from an unrelated industry due to the resourcefulness of one of the greatest innovators,Charles Kettering.