Back in 2013, weak signals clearly pointed to a structural change that was desperately needed. In a Post from that year, I described the type of change I envisioned in a world that looked very different than the world where these structures were born. The pandemic, as it has on so many levels, made something lying beneath the surface very visible. What it should also illuminate for leaders is that the future is uncertain, approaching rapidly, and likely to contain regular extreme events. Those factors make future readiness crucial to viability. To be future-ready, and to operate in a world dominated by uncertainty and pace, structures must change. When I say structure, I mean a broad set of things to consider:Continue reading
“I begin with two theses. First, the pandemic’s most enduring impact will be as an accelerant. While it will initiate some changes and alter the direction of some trends, the pandemic’s primary effect has been to accelerate dynamics already present in society.” – Scott Galloway
That is a quote from a book I just finished. Scott Galloway is a professor at New York University’s Stern School of Business, where he teaches brand strategy and digital marketing to second-year MBA students. In his new book, he looks at the world post corona. The book titled “Post Corona: From Crisis to Opportunity” has been added to my Book library. He points to remarkable things that have happened since the virus reared its ugly head, like: It took Apple 42 years to reach $1 trillion in value, and 20 weeks to accelerate from $1 trillion to $2 trillion (March to August 2020), and we registered a decade of ecommerce growth in eight weeks. Additionally, Tesla became not only the most valuable car company in the world, but more valuable than Toyota, Volkswagen, Daimler, and Honda combined.Continue reading
In this brief video, several experts talk about life after the global pandemic. Adil Najam, Dean, Frederick S. Pardee School of Global Studies at Boston University, and his colleagues set out to answer this question: what will our post-COVID-19 world look like? I tackled that question early in the pandemic by looking at Applying History to our current day. Mr. Najam interviewed leading thinkers on 101 distinct topics and produced a video series which you can find Here.Continue reading
The pandemic has had wide spread impact across multiple domains, and Retail is a space with considerable impact. As I mentioned in a Post last week, we have seen ten years of ecommerce growth in three months. Does the rapid surge of ecommerce represent the future, or does our human desire for social interaction serve as a positive catalyst for physical retail? Will physical retail survive in a post-pandemic world? In a recent Video Clip, Fool.com contributor Matt Frankel and Industry Focus host Jason Moser ask Shark Tank star Kevin O’Leary how the pandemic will change retail, if at all. Here is a summary of his perspective.
At the start of 2019, I Articulated three macro-level forces that I believed would set the stage for a very disruptive decade ahead. They were: Acceleration, Convergence, and a Burst of Possibilities. Here we are during a pandemic, and all three are alive and well. The one that stands out is acceleration. There are many examples of acceleration driven by COVID-19 that demonstrate what we can accomplish when driven by a Catalyst. Innovation windows have collapsed considerably, and we are witnessing accelerated adoption of scenarios that although inevitable, were slowed by societal resistance. For example, the embrace of digital learning has accelerated, and while many employers resisted the move to remote work due to fears of productivity loss, those fears have proven unfounded.Continue reading
A Sputnik moment: events that cause nations to suddenly realize they must work urgently to bridge or surpass a gap that’s arisen between them and a competitor. A book I recently finished titled “T-Minus AI”, reflects on the moment in history when that phrase was born. On October 4th, 1957, the United States was taken by surprise. The Soviet Union, under the leadership of Nikita Khrushchev, had just launched the first artificial satellite into space. As the book describes, Sputnik, a beachball-sized, silver metal sphere that weighed 184 pounds, was in orbit 495 miles above Earth. Speeding through space at 18,000 miles per hour, Sputnik crossed directly over the US mainland with each new orbit.Continue reading
“There are decades when nothing happens and weeks when decades happen.” – Vladimir Lenin
That quote is highlighted in a new book by best-selling author Fareed Zakaria. In “Ten Lessons for a Post- Pandemic World”, Mr. Zakaria helps readers to understand the nature of a world that emerges after the pandemic: the political, social, technological, and economic consequences that may take years to unfold. He does this by focusing on ten lessons:Continue reading
There are many examples of COVID-19 serving as an Accelerant. History and necessity tell us that automation is one of those examples. According to a Business Insider survey of 53 leaders featured in the Transforming Business series, AI and Cloud are at the top of the list of transformation that companies will invest in during 2021. It’s on the agenda of 47% of those surveyed. The connection to the pandemic can be seen in examples of where automation is applied. This recent Article describes a scenario where social distancing requirements are met through automation. Author Joe Mullich points to the kitchen of a burger joint, where a hard-working fry cook named “Flippy” is paving the way for greater use of artificial intelligence and cloud technology in the restaurant industry.Continue reading
As we march relentlessly towards an Automated Society, scenarios emerge to provide signals. How far will we take this automation scenario? My post last week focused on sports and a robot that Shoots Baskets with stunning accuracy. My post for today looks into robotic surgery, which is traditionally defined as any surgery done with a complete robotic surgical system. It was originally developed for the military so that surgeons could remotely do open surgery on wounded soldiers in the field. This Article on the topic describes it this way:Continue reading
Nanotechnology may be able to create many new materials and devices with a vast range of applications, such as in nanomedicine, nanoelectronics, biomaterials energy production, and consumer products. On the other hand, nanotechnology raises many of the same issues as any new technology, including concerns about the toxicity and environmental impact of nanomaterials, and their potential effects on global economics, as well as speculation about various doomsday scenarios. These concerns have led to a debate among advocacy groups and governments on whether special regulation of nanotechnology is warranted.
We owe so much to the frontline heroes that serve society in critical times. The pandemic has shown us just how important and under-appreciated these individuals are. We owe them a debt of gratitude. Healthcare is one of those areas where we see both heroics and exposure. The lack of digital progress has been exposed across sectors by the virus. That is the bad news. The good news is that extreme events like this can serve as accelerants. This recent Article describes the turning point that COVID-19 likely represents for healthcare. Rethinking healthcare for the digital age should be a top priority (as it should across all industries).Continue reading
A recent Study found that the number of students enrolling in college immediately after high school plunged nearly 22% this past fall over last year. The future of education is a big discussion topic, as the pandemic is threatening the viability of education organizations and models. Key findings include:Continue reading
Last week, I participated in the Mass Participation World Conference 2020. The theme of the event was “Changing the Narrative: Solutions to help us move from Surviving to Thriving”. We shared the results of a recent survey of runners. The TCS This Run Tech Survey reveals that technology is powering runners through the pandemic. The survey was geared towards uncovering running technology trends amid COVID-19 and helping shape how TCS can best support runners and races in the future. TCS sponsors marathons around the world, including the NYC Marathon.
As a follow up to my presentation on the Future of Sports, this Article envisions the future of athletics and society. Reimagine the future of sports along with us – I’d be interested in your thoughts.
I just finished another book and added it to my Library. Pandemic, Inc. explores eight trends that are amplified by the current pandemic. Author Patrick Schwerdtfeger believes we will see more change in the next 12 months then we saw in the last 12 years. He views the current crisis through an optimistic lens, seeing a time of incredible change, but also opportunity.Continue reading
Advances in life sciences have scientist believing that the first person to Live to 200 has already been born. This Healthy Life Extension scenario has major societal implications. In this scenario, we are not just enabling people to live longer, but we will also be healthier. This healthy longevity challenges traditional views of retirement, wealth, savings, our social contract, and the phases of our lives, among other things. Now, you may ask, how is it possible to extend our lives in a healthy manner? In a Post from 2018, I shared a perspective from Johnty Andersen, Biotechnology, Nanotechnology and Anti-Aging Medicine researcher:Continue reading
I just finished another book and added it to my Library. Author Daniel Yergin explores the convergence of energy, climate change, and a world where an existing power is confronted by an emerging power. The New Map helps us understand global dynamics, historical perspectives, the entrenched role of oil and gas, the forces that are driving an energy transition, and the impact of a raging pandemic.
Daniel Yergin is a highly respected authority on energy, international politics, and economics, and a Pulitzer Prize-winning and bestselling author. He is vice chairman of IHS Markit, one of the leading information and research firms in the world, a member of the board of the Council on Foreign Relations, a senior trustee of the Brookings Institution, and has served on the Secretary of Energy Advisory Board under the last four presidential administrations.Continue reading
Back in April and May, there was a lot of crystal ball gazing going on. Will COVID-19 change our world forever? This Post, among others I wrote in the early days of the pandemic, explored the various ways the world may change. In the post, I reflected on a key warning sign: most predictions of a post-crisis world have historically been wrong. I pointed to an Article authored by Rob Walker, where he stresses that thoughtful speculation about the future helps us cope with the present and identify potential challenges and opportunities. He adds however that history tells us that most predictions will be wrong. In looking back at predictions post 9/11 and the great recession, Mr. Walker provides supporting evidence for this statement.Continue reading
Just as we thought that credit and debit cards were about to completely supersede cash, there are now new payment systems that could take over and make plastic cards obsolete altogether. As mentioned in a post exploring those things that are Likely to Disappear in the Next Ten Years, credit cards may soon be out of circulation, likely within the next ten years.
While everyone will still be able to pay by credit, the rectangular bits of plastic that are used as a mode of payment will likely disappear from our wallets soon. It is actually starting now, as many of us are beginning to rely on our phones, smart watches, and other mobile devices to pay. There may come a time when no device is needed at all. Payment systems will work via facial recognition, as is already happening in China, and soon enough, the rest of the world.
In the US, credit cards are still very prevalent. Data collected by Statista shows that about 83 percent of Americans between 30 and 49 years old own a credit card. This is why most banks and companies still use traditional methods to establish a credit score. A post by Petal Card on building a good credit score outlines how the number is calculated in the US through five main factors:
I had the pleasure of joining RegalixTV recently for a session focused on education. Host Dheeraj Prasad and I discussed the importance of education in transformative eras, how digital learning experiences are evolving, why there needs to be a shift in focus with respect to skill sets and a whole lot more on Knowledge-Centered Growth.
Tune in to watch the full Interview. I have focused a great deal on education recently. You got explore the topic via my earlier posts.
I’ve dedicated many of my last several posts to the topic of education. I recently joined a Future of Children event and participated in what they set up as a shark tank segment. The pitch was to focus on a the future of education. The message I delivered is captured in the infographic below. At the end of the post you will find links to my other recent education posts.Continue reading