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Five Tech Trends That Can Drive Company Success [Forbes]

Apr 2, 2014   //   by Colin Mangham   //   Biomimicry News  //  Comments Off on Five Tech Trends That Can Drive Company Success [Forbes]

By Rebecca O. Bagley | 4/01/2014 @ 11:51AM

The ability to innovate is a driver of productivity, competitiveness and prosperity. Innovation requires entrepreneurs to rethink and adopt new approaches to their businesses, and embracing new technologies and manufacturing opportunities can distinguish you from your competitors.

But what are some powerful tech trends that can drive company success? What should you pay attention to?

Here are five trends that, if you haven’t embraced them yet, have the potential to transform your business.

Biomimicry: Innovation Inspired By Nature

Biomimicry is the design and production of materials, structures and systems that are modeled after biological organisms and processes.

“It’s not really technology or biology; it’s the technology of biology. It’s making a fiber like a spider, or lassoing the sun’s energy like a leaf,” Janine Benyus co-founder of the international organizationBiomimicry 3.8, writes.

Companies are increasingly looking at ways to incorporate biologically inspired design into their products, and organizations like Biomimicry 3.8 are helping them redesign carpets, furniture, airplanes and even entire manufacturing processes.

In Northeast Ohio, Great Lakes Biomimicry, a founding affiliate partner of Biomimicry 3.8, is working with schools, companies and economic development organizations to engage students, entrepreneurs and funders to advance the field.

The University of Akron has committed $4.25 million to biomimicry research and innovation, and companies like Parker Hannifin andSherwin-Williams SHW +0.36% are getting involved. They realize biomimicry has many applications, particularly when it comes to creating sustainable technologies.

“Biomimicry represents the possibility of a revolutionary change in our economy, transforming many of the ways we think about designing, producing, transporting and distributing goods and services,” Tom Tyrrell, founder and CEO of Great Lakes Biomimicry, says. “This field is just emerging. Nazarene University’s Fermanian Institute estimates, by 2025, biomimicry could represent $300 billion of the annual U.S. GDP, account for 1.6 million U.S. jobs and represent $1 trillion of global GDP.”

NEXT: Additive Manufacturing (3D Printing)

Read Full Article at Forbes.com Here

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