The Fast Future team continues to provide foresight in various areas. In this recent Article they explore what family life may look like in 2025. The possible future they describe is built on a foundation of multi-sensory immersive experiences, while distance is eliminated. We will no longer miss family celebrations and story-telling rises to new levels. Imagine a grandparent telling stories from their past, brought to life in ways that stimulate our emotional sensations.
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. The 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.
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.
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. This 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.
Updated December 15, 2017
“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.”