In a post back in 2018, I described a phenomenon that contributes to the rapid Acceleration of innovation and scientific breakthroughs. Peter Diamandis coined the term Techno-Philanthropists and compared and contrasted them to the Robber Barons of a different era. Billionaires get a lot of negative press these days – but one thing is clear: their wealth is both accelerating the pace of innovation and addressing some of the world’s greatest challenges. Stories described by Articles like this one highlight the point.
This Article provides a very good example of domains that are converging in ways that shape our future. In this example, innovations in science and technology converge with future scenarios involving the emerging Mobility Ecosystem and one that is often described as the emerging Energy Internet. Author Jeff McMahon indicates that there will be more than enough batteries in electric vehicles by 2050 to support a grid that runs on solar and wind—if the two are connected by smart chargers, according to experts at the International Renewable Energy Agency.
As described in an earlier post, these Intersections across multiple domains introduce new scenarios that amplify impact. In this example, the boundaries between mobility and energy blur, creating a synergistic linkage between the two ecosystems. This complex and unpredictable dynamic complicates our Future Thinking exercise – but it may be the most critical focus of any forward-looking effort. The above referenced article provides a good example of how the Convergence of science and technology leads to a convergence with multiple future scenarios. Visualization helps to understand the various dots that are connecting.
Although we spend a lot of cycles debating climate change, some have placed economic development above ideology. You wouldn’t expect a state tied economically and in the American imagination to oil, gas and coal, to lead the U.S. in wind power generation. Less restrictive zoning, taxation systems that encourage building, and robust transmission lines can enable this type of progress.
Our energy platform has not changed since the early days of the second industrial revolution. Energy is one of the three foundational pillars of our society – with communication and transport representing the other two. Collectively, they create a general purpose technology platform that enables our society. Although we talk a lot about a Fourth Industrial Revolution, in reality, there was never a third shift in this foundational platform.
Today on Coffee Break with Game Changers, Bonnie D. Graham hosted a show focused on the future of energy. You can listen to the rebroadcast here. The session abstract is included below, as well as a Twitter stream that provides insight into the topic and our discussion. The show participants included: Bonnie, Gray Scott, Tom Franklin, and myself. You can take a deeper dive on the topic via this Discussion with David Cohen.
The Energy Internet is positioned to transform our lives – perhaps on a larger scale than the Internet before it. This dynamic, distributed, and multi-participant Enernet – as some are calling it – is built around clean energy generation, storage and delivery. With a long list of innovators emerging, the resulting innovation will drive massive change, including how we think about cities, municipal services, transportation, insurance, real estate, financial services, and more.
In his sixth post in the series, Marshall Kirkpatrick focuses on the intersection between artificial intelligence and renewable energy. By way of reminder, Marshall launched a 30 day series that explores the intersection between AI and the various innovation components on my emerging futures visual.
The airwaves are filled with talk of exponential technologies like Blockchain, Artificial Intelligence, Robotics, Renewable Energy and more. In addition, societal factors that influence or are influenced by technology are getting more attention. So what’s the buzz?
An article on Blockchain uses eight visuals to describe The Future of Blockchain and provides a Financial Services adoption timeline. The adoption scenario predicts that Blockchain will move past the Innovators phase in 2016 and reach 13.5 percent of early adopters within financial services. The tipping point is then expected to happen in 2018, as the early majority begins to see benefits realized by early adopters, and new models emerge. The growth phase lasts until 2025 when Blockchain goes main stream within financial services. This visual from the article captures the adoption cycle.
A separate piece by Mckinsey focuses on Blockchain in Insurance. A key take away from this report is that Blockchain is yet another example of an ecosystem growing beyond traditional industry.
The focus on disruptive scenarios continues in the next several posts with a look at the work of Jeremy Rifkin and his recent book titled The Zero Marginal Cost Society. In his book, he describes the economic paradigm shifts of the past, and points to three elements that converge to create a general purpose technology platform to drive the shift: new forms of communication, new forms of energy, and new mechanisms for transport and logistics. Rifkin believes a powerful Third Industrial Revolution platform (The Internet of Things) is emerging to drive an economic paradigm shift in the next 40 years. The new form of communications in this context is the Internet, while renewable energy represents the new form of energy. The new mechanisms for logistics and transport involve sensors, coordinated logistic networks, renewable energy, and autonomous vehicles. Mr. Rifkin describes this Third Industrial Revolution platform as three Internets (Communication, Energy, and Logistics) converging to operate as one. He sees the Internet of things bringing these three elements together to manage (Communications), power (Energy), and move (Logistics) economic activity.