Three business tips global enterprises can learn from Formula 1®: part 2 of 2

Mehul Kapadia examines today’s global business at full speed.

In my first post, I discussed the first of three learnings companies can take away from Tata Communications’ relationship with Formula 1® racing. Two more come to mind, and they have each been pivotal in our three-plus years with the world’s most technologically advanced sport.

HUMAN COLLABORATION IS KEY

A car decelerates from 200 mph and comes to a complete and sudden stop in the pit. The car rises up on its jack. In –around 2 seconds, 4 tires can be changed. All the while, the driver is tweaking critical race strategies with engineers on the pit wall and at the team’s remote factory. A moment later, the car has been refueled and gets the nod to speed back into action. The entire process, from entry into the pitlane to exit, takes less than a half a minute. But this isn’t only about automation. A team of fully trained, expertly alert professionals is in and out, applying years of knowledge and skill to perform one of the most efficient group efforts you’ll ever see.

These pit stops happen flawlessly with laser-like precision, If a team of dozen humans can work at this breakneck pace and know what each other is doing at every step of the way, it’s a great lesson for collaboration in global business. Across any time zone around world,  the perfect mix of training, motivation, and leadership can ignite enterprise teams to  perform together at the same level time and again, producing results that help companies thrive in the midst of calm or chaos. Peak performance can be delivered consistently. It’s all about putting the work in beforehand, and executing when it’s time to take care of business.

DRIVING INNOVATION FROM START TO FINISH

When we first teamed up with Formula 1®, we took  full advantage of key technology trends in racing today, and we are constantly looking at the road ahead, scanning the horizon for new opportunities and looking around the corner at potential twists and turns.  ..

Beyond the F1 track, the approach to innovation can inspire global enterprises to imagine the possibilities. The same tech used on the track is being leveraged in hospitals to remotely manage patients. With the right amount of resources, before long we’ll be able to change the efficiency of hybrid cars through F1 technologies, using the energy they emit to propel them forward. A car that in essence creates its own power. We meet enterprise leaders every day who are looking at their businesses and trying to find the next leap that pushes them out ahead of the competition. As their partner, Tata Communications sees it as our mission to bring new thinking to the table, unleashing their collective imaginations to view their world, their problem and their potential solution through a radically different lens. The possibilities are endless.

It needs to get done in any part of the world, and we’re proud to bring it to Texas this weekend.

Mehul Kapadia is the Managing Director of F1® Business for Tata Communications. Follow Mehul on Twitter: @mehulkapadia

How do you think the future of F1 will continue to evolve? Leave a comment below.

Tata Communications was the Official Connectivity Provider of Formula 1® between 2012 and 2019. Tata Communications was also the Official Managed Connectivity Supplier to Mercedes-AMG Petronas Motorsport, and Official Digital Transformation Partner to ROKiT Williams Racing until the end of the 2019 season.