TVO To Analyze Waterloo
Summary
Waterloo has long been called Silicon Valley North because of the tremendous innovation that comes from the city. Clearmix is proudly a product of that culture of innovation and we wanted to highlight this interesting TV program on our hometown.
The program will deal with the tough economic challenges facing Ontario and how cities like Waterloo can remain resilient. Many of the jobs being lost in the province are in the manufacturing sector, although all sectors have been faced with significant headwinds. We know this first hand as many of our clients are facing such challenges. What can the Silicon Valley of the North teach us about resilience, creativity and innovation?
Analysis
The lessons that can be drawn from Waterloo apply in all economic conditions, but especially in these tough times. Innovation helps organizations protect their assets against decay and devaluation as the economy sways rapidly. One thing that’s important to take away is that facing these challenges require more than just staying afloat. Sometimes, that’s all you can do. But whenever an organization is in a position to do a little bit more than stay afloat, the return on investments in innovation and long term strategic thinking is very high. When other organizations are cash strapped, your organization can take advantage by jumping the gun on the recovery and investing in your post recovery strategy a little bit sooner. This small advantage can reap tremendous rewards in the long run.
Application
Economic downturns often present great opportunities for organizations to leap frog competitors in the innovation arena. This takes courage, foresight and prudent planning but the rewards are great. At Clearmix, we’ve taken advantage of the current economic downturn by going back to our roots as a part of the fabric of innovation that spreads across our hometown. This has allowed us to implement some of the most expansive features and technological advances into our platform that we've ever done.
These advances include making large use of cloud computing, partnering with video encoding web services, and integration with established, scalable platforms. This economic care ensures that our communities are setup to grow limitlessly.
