STEM Challenge – Problem Statements

Tackling real world business challenges

STEM Challenge – Problem Statements

Problem Statement  #1

How can NS&I (or other banks) encourage frequent and consistent saving & responsible spending by individuals?

Consider the following:

    • Apps already exist that allow users to round up card payments to the next whole number and deposit the remainder in a savings account – are there any other ideas in this vein?
    • Banking apps are typically designed with ease of use in mind – are there any ways the interface could be made to focus people more on saving?
    • Is there an environmental or social angle that could be examined? For example, green nudges – “Buy a coffee or plant a tree”. What form could these nudges take?
    • Is your idea accessible to all age groups, socioeconomic backgrounds, and genders? If not how can you encourage other groups of people towards saving?
    • Feel free to look outside of these areas – these are just some ideas to help you think about the possibilities!

Remember to consider the practicality and cost of implementing your idea!

Problem Statement  #2

Due to COVID-19, more and more people have been forced to work from home. However, in areas (such as the nuclear industry) with high security requirements, this presents a serious issue. Many workers in nuclear facilities typically need to be present on site to fulfil their roles. What technologies could be used to allow them to work remotely?

Consider the following:

  • The differing requirements of those who work on plant and those who primarily work in office-based support Functions (project management, HR, accounting etc) , and how they collaborate with each other
  • Are there any other benefits to your proposal? For example, a secure videoconferencing capability would have uses even once the issue of COVID-19 is no longer present.
  • Feel free to look outside of these areas – these are just some ideas to help you think about the possibilities!

Remember to consider the cost, security and practicality of options that could be deployed in the nuclear environment

Problem Statement  #3

 

One of the biggest issues facing the UK healthcare industry today is a growing and ageing population paired with limited resources. What technologies could the NHS (and other healthcare organisations) use to tackle this issue?

Consider the following:

    • Wearable devices (such as Fitbit, go pros etc) are already being deployed in a medical context – what other wearables could be made to help solve a healthcare problem?
    • These devices rely on the wearer to actually equip them, which can be a problem for elderly patients or those with dementia – how could this issue be addressed?
    • Many online or other technologically gated healthcare resources are hard to access for the elderly, those unfamiliar with technology or those who are unable to do so due to disabilities – what can be done to address this issue?
    • There is a serious issue in elderly patients around mental as well as physical wellbeing – could VR or AR be used to allow people with limited mobility to enjoy a fuller social life?
    • AI is already being used as an aid for doctors in diagnosing patients – what other uses for AI could we see in the future?
    • Feel free to look outside of these areas – these are just some ideas to help you think about the possibilities!

Remember to consider the practicality and cost of implementing your idea!

Problem Statement  #4

 

The National trust is over 125 years old, and was founded to conserve some of the UK’s most important natural and cultural sites. How can the National Trust (or other conservation groups) use technology to continue to appeal and cater for the needs of a younger generation?

Consider the following:

    • How could technologies like VR and AR be used to “bring to life” the properties and sites under the care of the trust?
    • What technologies could be used to improve the experience of visitors to any of the Trust’s thousands of properties?
    • The Trust’s 125th anniversary promotional video suggests that its properties are an antidote to such modernity by preserving and celebrating the peace and quiet of nature and history. This might be true for some, but what can the trust to appeal to the large swaths of the population that consume information in a different way?
    • Are there technologies that can be used to increase the accessibility of the Trust’s properties – both to the physically disabled, as well as those who may not engage with the great monuments to Britain’s aristocratic and elite socio-political history that forms a large part of the Trust’s properties?
    • How can the trust use technology to produce new revenue streams – something that is particularly important with the loss of over £200 million in expected income due to COVID-19?

Feel free to look outside of these areas – these are just some ideas to help you think about the possibilities!

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