Societal Impact of the Millennial Generation


A changing of the guard has been in motion for some time. In 2020, Millennials will be the dominant workforce on the planet. The five generations in our workforce introduce a leadership challenge, alongside disruptive forces swirling around society. Five GenerationsThe truth is that millennials are likely the generation tasked with solving this broad set of societal challenges. This recent Forbes Article says it well. The challenges likely facing this generation include: technologies like AI, shifting business models, the implications of near zero marginal cost, the resources of the planet, the nature of house ownership, transportation, healthcare, work, education and families.

Fundamental questions about Why and how we Educate will have to be addressed for the first time since the introduction of high school. Additionally, this generation will have to deal with an Aging Society. As Michael Gale – the author of the above article – describes, one in four millennials are already directly managing a parents’ ill health on a daily basis. The added burden of college debt could create additional obstacles to success.

There has been a negative stigma associated with this generation. However, they are not the problem but part of the solution. As 72% of the Global 2000 continue their digital transformation journey, millennials offer a perspective that helps realize intended outcomes. The Forbes Article describes five things that you can do to enable this –  take a look.

The Greatest Wealth Transfer in History


We spend so much time focused on disruption driven by advancement in science and technology – that we can lose sight of the massive amount of societal factors to be considered. When looking at the interplay between an exponential progression of innovation and those factors that impact society, we can see that the impacts run in Both Directions.

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The Global Fertility Crisis


Bloomberg BusinessWeek recently posted an article describing the Global Fertility Crisis. As we look at the forces likely to shape our future, we spend a lot of time and media cycles analyzing the exponential progression of science and technology. Our Emerging FutureThis powerful force is having a profound impact on society. But the opposite is also true: society is influencing the path of innovation. Societal Factors play as big a role in establishing the path of our emerging future. I placed societal factors in the middle of the visual I use to connect an overwhelming number of dots. The two curves that surround them are the science and technology foundation; and the future scenarios that it spawns. Societal tension happens in both directions; out towards the curves, and in from the curves.

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Marriage, Alternative Living, Biometrics, and the Rise of Nationalism


The visual below depicts aspects of our emerging future (Explained Here). I update it periodically to reflect impactful areas that affect the science and technology foundation, the future scenarios they spawn, and the wide array of societal factors that interact with both.

Our Emerging Future

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Can Society Adapt to an Accelerating Pace of Change?


Updated December 15, 2017

Thanks to Parthasarathi V for his thought provoking comment on LinkedIn, and a link to a relevant article from Clay Shirky on the Collapse of Complex Business Models. His comment:

“We are having super abundance of everything – capital, talent, resources. The previously known scarce resources (e.g physical world scarcity, natural resources) are also abundant now thanks to technology. With every abundance there will be new scarcity that will be the point of friction. With every node of regulation we remove to promote innovation, new set of problems will emerge that needs to be regulated otherwise system will collapse.”

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The Rising Billions


According to Peter Diamandis of Singularity University, the most dramatic change in our global economy is about to occur between 2016 and 2020. He says that 3 to 5 billion new consumers, who have never purchased anything, never uploaded anything and never invented and sold anything, are about to come online and provide a mega-surge to the global economy. He calls this group the “Rising Billions.”

Technology giants like Google, Facebook, and SpaceX are all working to connect the world. Once connected, this exploding online community introduces new markets, creating a $30 trillion consumption opportunity by 2025 – and emerging markets will grow 75% more rapidly than developed markets. As discussed in a recent post on Changing Beliefs, this shift from developed to emerging markets requires a change in the approach used to win in these markets, as products and services from developed markets cannot simply be transplanted into emerging markets. But these rising billions are more than a market opportunity. They are a source of ideas, innovation, knowledge, skills, capacity, passion, learning, insight, and foresight.

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