In every sector across the globe, every company was forced to adapt to the change that came with the pandemic with some companies downsizing and adopting the work from home policy. Some businesses failed while some adapted and have since offered more innovative solutions that have impacted the world.
The pandemic demonstrated the importance of innovation and this innovation was visible in the pharmaceutical industry as they joined their counterparts in the technology and software industry.
The top 10 most innovative companies extensively adopted AI as part of their innovation strategy, Alphabet proves this with innovations in Android and autonomous driving venture Waymo. Amazon has Alexa and AWS, Apple has Siri and a virtual workplace in its iOS platform, and Microsoft has evolved from solely offering software to offering AI and cloud services.
Here are the top 10 innovative companies according to BCG
Apple has become one of the most valuable brands in the world. This is largely due to its diversification strategy that has caused the company to expand into digital and subscription services beyond the iPhone. Apple also experienced large sales in its mobile devices and now they are rumoured to be producing a self-driving car.
Alphabet Inc. is the parent company of Google that gives ambitious projects the resources, freedom and focus to make their ideas happen. The company essentially separates Google’s profitable businesses, such as Google Search and YouTube from their riskier and more innovative projects. This can be seen in some of its projects like, Google Ventures and Google Capital that provides funding for bold, new companies, Fiber that focuses on providing super-fast internet for a more affordable price and many other amazing projects.
Retail giants, Amazon ranks 3rd on this list. The company benefited greatly from the pandemic due to the surge in demand as more consumers turned online following the closure of stores globally. Amazon is also innovating through its AI-powered bot Alexa.
Microsoft has evolved from solely offering software to offering AI and cloud services. The company has focused largely on products by making them accessible to over one billion people around the world who may require additional assistance due to being physically challenged. One of these is the Xbox Adaptive Controller, which is designed for gamers with limited mobility. The company has also championed other innovative products like the Microsoft mesh that is changing the concept of remote work.
Tesla is a leading force in the automotive industry through its electric vehicles. The company engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. Tesla deploys artificial intelligence (AI) in its innovation strategy. Their electric cars have consistently defied consumer expectations for reliability, performance, and style.
Samsung is a multi-faceted and innovative company that is leading the field in screen technology, batteries, chip design, and mobile devices. The company has shown strong capabilities in growing existing solutions and taking them to market through the high sale of its consumer devices.
IBM has moved from its old business model of making and selling computer hardware to offering cloud computing services and data analytics. The company specializes in cloud-based artificial intelligence technologies that are available to developers and organizations seeking to incorporate those tools, which include natural language processing and cognitive computing, into their products. Since the creation of IBM Watson became commercially available, the technology has been applied to everything from cancer research, where Watson is used to sort through and decipher millions of medical journals, to retail, where Watson is being used to help shoppers locate exactly what they’re shopping for or similar items.
Huawei is the world’s largest supplier of telecommunications equipment. In a bid to be innovative, the company has created innovation in 5G applications and has also established 5G joint innovation centres together with carriers worldwide. Huawei also experienced massive sales of its phones. In the global fight against COVID-19, Huawei launched the Anti-COVID-19 Partner Program that focuses on AI, remote office, smart healthcare and online education, to support the fight against the pandemic.
Japan’s tech giant, Sony is a leader in camera technology and has shown great success in its camera and gaming products by successfully taking on Canon and Nikon with cameras aimed at professionals and serious amateurs.
Big pharma company, Pfizer became the first company to market an effective COVID-19 vaccine and also deliver a COVID-19 vaccine in record time, getting FDA Emergency Use Authorization (EUA) and distributing millions of doses less than a year after the genetic sequence of COVID-19 was first obtained.
FG approves second dose of AstraZeneca Covid-19 vaccine for eligible Nigerians
The NPHCDA boss urged Nigerians to continue to cooperate with vaccinators who are providing an incredibly important service to the nation amid this global crisis.
The Federal Government has given the green light for the commencement of the administering of the second dose of the Oxford-AstraZeneca Covid-19 vaccines on eligible Nigerians who received the first shots.
This disclosure was made by the Executive Director of the National Primary Health Care Development Agency (NPHCDA), Dr Faisal Shuaib, during the Presidential Steering Committee (PSC) briefing in Abuja on Monday.
Shuaib advised health workers, frontline workers aged 18 years and above and persons aged 50 years and above to visit any designated vaccination site to receive the vaccine free of charge.
What the Executive Director of NPHCDA is saying
Shuaib in his statement said, “I want to remind you that the eligibility period between the first and second doses of the vaccine has been expanded from 12 weeks to between six to 12 weeks, in line with the scientific recommendation provided by the World Health Organisation’s Strategic Advisory Group of Experts (SAGE on immunization).
The PSC has approved the second dose of the Oxford-Astrazeneca vaccination in all states of the federation and the FCT. We have redeployed Senior Supervisors to the states and have continued to monitor activities with daily evening review meetings to determine the status of the COVID-19 vaccine implementation in all states and the FCT.
These meetings, allows us to receive reports from the sub-national level on how the campaigns are proceeding, what challenges they face, and how we can proactively anticipate and resolve any impending challenges.
The meetings also provide an avenue to troubleshoot and resolve any operational hurdles as they emerge, before they become problematic,” he explained.
He said that the agency is at the forefront of the Covid-19 vaccination campaign at the community level with town hall meetings across the country, just as was done for the poliovirus eradication fight.
The NPHCDA said, “Already we held the North-Central Zonal Town Hall Meeting two weeks ago in Lafia, the capital of Nasarawa state.
In weeks ahead, the agency hopes to continue the dialogue in other geo-political zones of the country. The town hall meetings afford the communities the opportunity to directly participate in dialogue with the government as we work to protect the people against the pandemic.
We know that many people are very concerned about the health threats posed by COVID-19, but also about the economic threats. The meetings allow for views and concerns to be heard as we work together to move beyond COVID-19 as a nation,” he said.
The NPHCDA boss urged Nigerians to continue to cooperate with vaccinators who were providing an incredibly important service to the nation amid this global crisis.
He said, “The need to protect ourselves and put COVID-19 behind us, the way we have done to polio so that we can return to our normal living, truly is a national effort.’’
What you should know
It can be recalled that on March 5, 2021, the vaccination of citizens against Covid-19 commenced with frontline healthcare workers, who are often at the risk of exposure to infections, including Covid-19, as they are the first responders to patients.
This follows the delivery of about 4 million doses of the Oxford-AstraZeneca Covid-19 vaccines to the country through the Covid-19 Vaccines Global Assess Facility (COVAX).
The 4 million doses are part of the 16 million doses of AstraZeneca vaccines planned to be delivered to Nigeria in batches over the next weeks.
Unilever holds 96th AGM, declares N62bn Turnover
According to the Company’s financial report, there was a 2.4 per cent year-on-year increase in revenue from N60.8 billion to N62 billion in the year under review.
Leading consumer goods producer, Unilever Nigeria Plc has declared a turnover of N62 billion for the financial year ended December 2020, even as the Board assured shareholders of their commitment to good corporate governance to drive sustainability and efficiency across the Company’s operations.
Addressing shareholders at the 96th Annual General Meeting of the Company, the Chairman of the Board, His Royal Majesty, Nnaemeka Achebe commended the shareholders for their trust and loyalty to the Company despite the challenges posed by the COVID-19 pandemic in the year under review. He added that the Company will remain strategic in its approach to attaining sustainable growth and profitability.
According to the Company’s financial report, there was a 2.4 per cent year-on-year increase in revenue from N60.8 billion to N62 billion in the year under review. The increase was driven by 7.3 per cent year-on-year growth in its food products, which was slightly offset by a 3 per cent revenue drop in the home and personal care segments. These results reflect a challenging operating environment
Speaking on the results, The Chairman, Board of Directors, Nnaemeka Achebe, stated that even though 2020 was a year of significant disruptions and volatilities impacting the operating environment, Unilever Nigeria continues to build its resilience to navigate the impact of headwinds.
Achebe added that the company remains focused on its strategy to deliver sustainable growth both in the medium and long-term riding on the pillars of operational efficiency, cost optimization, purposeful brands and increasing market share across key categories.
“We continue to monitor the business environment and respond appropriately to volatilities in the operating environment as well as disruptions from the Covid-19 pandemic,” he said.
In compliance with the Federal and State government directives on social distancing as part of measures to reduce the spread of the coronavirus, this year’s AGM was hybrid with most of the shareholders joining virtually.
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- Ardova Plc confirms appointment of Oladeinde Nelson-Cole as secretary.