In exploring a Post Pandemic Society, I first took a look at what we could learn from history. A recent article took a similar view. Written by Kevin Sneader and Shubham Singhal, Their Look Back at History explores the experience of Japan, the United States, and Western Europe, post-World War Two. The article explores the inclusive growth that was sustained for two decades following the war. As technologies developed for war were adapted for peace-time use, poverty, government debt, and inequality fell, while living standards improved and prosperity spread broadly.
In 2014, I had this to say about the trend of putting a word in front of the word economy and declaring a new era: Something Economy: seems like a popular trend – stick a word in front of economy and use it to describe the next big thing. Some of these words are: Peer, Maker, Sharing, Gig, Collaborative, Green, Circular, Mesh, Digital, Innovation, semantic, and more.
As the world focuses on a global pandemic, remote work has been a popular topic. As reported by Brian Fung, Google just Announced the extension of their remote work policy to July of 2021 – an acknowledgement that the pandemic could be with us a while. Siemens decided to make their policy permanent, but as this Recent Announcement indicates, their approach is very refreshing. Following in the footsteps of others, Siemens is adopting a new model that will allow employees worldwide to work from anywhere they feel comfortable. The permanent standard allows employees to leverage the new model for an average of two to three days a week. This article by Justin Bariso focuses on the refreshing part of the announcement, reflected in this quote by incoming CEO Roland Busch:
This research on the likely acceleration driven by the pandemic is a must read. Per their Website, Mehlman, Castagnetti, Rosen & Thomas is a full-service, bipartisan government relations firm whose partners and principals have decades of political and policy experience. The presentation is U.S. centric and a little heavy on politics. However, it captures many of the issues that are converging across multiple domains (business, society, science, technology, environment, philosophy, economics, and geopolitics). I believe it captures one of the most impactful aspects of the current COVID-19 crisis: the acceleration of forces that were already in play. It is a quick walk through of the following topics:
Can we ever go back to the way things were? That’s the question Manon DeFelice asks in a recent Article that explores the return to the office. The article provides some interesting insights. For instance, about 62% of Americans say they have worked from home during the COVID-19 pandemic, according to a recent Gallup Poll. A majority (59%) of those individuals say that remote work would be welcome post-pandemic. One of the concerns often stated about remote work is the impact on productivity. Well, Ms. DeFelice shares results from a YouGov Survey that found 54% of professionals ages 18-74 felt that working from home has had a positive impact on their productivity.
The phrase “The robots are coming” is often repeated these days. What does their arrival mean for the future of work? That question has short term implications, and the potential for profound long-term impacts. Ask around and you get vastly different perspectives on the question. We seem as polarized on the topic as we are about anything these days. A very good perspective was provided recently in an Article authored by Daphne Leprince-Ringuet. The article explores the possible changes to work as robots become a common feature in the work environment.
Prognosticators continue to point to massive shifts in the aftermath of COVID-19. In this recent Article, author Bhaskar Majumdar explores an aggressive convergence of the physical and digital worlds. Pointing to the domains that have already converged – education and entertainment – Mr. Majumdar sees this phenomenon overwhelming all aspects of our lives. In the near future, he sees it impacting banking, medicine, trade, shopping, dining and sports. As we come to terms with social distancing in a post-COVID world, some level of change is inevitable.
A recent Report on artificial intelligence (AI) suggests that COVID-19 is not likely to slow the path of AI. Per the report: nearly three-quarters of businesses now consider AI critical to their success, as it continues to grow in importance across companies of various sizes and industries, according to a new report. Appen Limited’s 2020 State of AI Report indicates that two-thirds of respondents do not expect any negative impact from the COVID-19 pandemic on their AI strategies.
In a recent Article via the World Economic forum, author Saemoon Yoon identified 17 ways that technology could change the world by 2025. While the current pandemic exposed our vulnerabilities, it also shows what is achievable through collaboration. While efforts to collaborate globally must improve, a heightened visibility to the issues combined with an appreciation for the power of science and technology is a step in the right Direction. Here are snippets from the article that captures insight from 17 experts related to the world of 2025.
In looking at a Post Pandemic Society, I took a Journey to the 1920s and 1930s to understand what history might tell us about our emerging future. I have been amazed at the eerie similarities between our present day and that period a century ago (see visual below). If anyone is interested in exploring the cycles of history, I highly recommend the book The Fourth Turning. In the meantime, this recent Article explores a similar comparison to that time in history with a focus on deglobalization. Per the article:
“The post-pandemic world economy seems likely to be a far less globalized economy, with political leaders and the public rejecting openness in a manner unlike anything seen since the tariff wars and competitive devaluations of the 1930s.”
In a post from the summer of 2019, I explored the notion of an Augmented Age: a future where our natural human capabilities are radically augmented in three ways: Computational systems will help us think. Robotic systems will help us make. And a digital nervous system will connect us to the world far beyond what our natural nervous system can offer. Fast-forward to a world altered by COVID-19: Are we on an accelerated path to augmentation and automation? This recent Forbes Article takes an interesting look at the question from the perspective of lights out factories.
A recent article on the Future of Medicine explores the emerging Wellness Ecosystem and the impact that COVID-19 is likely to have on its path. The key message from the article and associated video below is that Connected Health has a greater opportunity for realization. The pandemic has proven that virtual ways of working and telemedicine can work. The video examines the role of artificial intelligence, 5G, Sensors, and data in the progression towards a personalized health ecosystem.
Much has been said about the shift to remote work. The permanence of the shift remains to be seen, let’s assume however that this forced experiment has been successful enough to warrant an increase in remote work percentages. What are the implications of this shift? This recent Article authored by Patrick Gray explores two possible implications.
In an earlier Post, I explored the possible implications of COVID-19. As with any look into the future, we know a series of dots will connect to shape it. Looking at the pieces in isolation fails to identify the potential paths. The world of work is a great example. Whatever happens in the context of work has an obvious ripple effect into multiple domains. The visual below captures some of that those ripples:
“The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world.” Klaus Schwab – Founder and Executive Chairman, World Economic Forum
Way back in 2010 when I launched this Blog, its purpose was to focus on reimagining. What will the world look like in twenty years? Ten years into that journey, the word reimagine seems like the right choice. The quote above from Klaus Schwab captures it well. While the pandemic may indeed serve as a catalyst for reflection, reimagining, and an ultimate reset, we have been here before – only to return to the status quo.
How can we find the signal when there is so much noise? We don’t have an effective way to predict what will happen next, history tells us that. We do have a way to understand what happened when crisis has occurred in the past. In a piece titled A Post Pandemic Society, I explored the somewhat scary similarities between modern day and the world of a century ago. In a recent Article authored by Robert Shiller, Sterling Professor of Economics at Yale University, he takes a similar look at two events during that period.
In this recent Article, author Paul Gillin provides insight on trends and technologies that are likely to be forever transformed by the events of recent months. SiliconAngle asked several technology executives for their thoughts on the topic. Here are the technologies and trends identified.
“Against the backdrop of a two-century period of faster and faster transformation, the coronavirus is compressing and further accelerating the arc of events” – Steve LeVine
That quote from a recent Article via Steve LeVine captures what is happening very well. History warns us that predicting what happens post-crisis is wrought with peril. As the article states, in the 16th and 17th centuries, smallpox, measles, and other diseases brought by the Spanish wiped out up to 90% of the South and Central American population, utterly transforming the historic order. But the global flu pandemic of 1918 to 1919 appeared to establish no new norms. Mr. LeVine posits that Covid-19 appears to be a hybrid in impact — vastly speeding up some trends while dispelling others. A quote by Cliff Kupchan, chairman of the Eurasia Group, captures it well: “Such acceleration is a natural byproduct of crises like pandemics, which tend to jolt the current system.”
The final polls from our virtual roundtable hosted by C-Level are included below. You can view a video of the virtual roundtable Here. I posted the results of polls One, Two, Three, and Four earlier. You can participate in those polls by visiting the posts. The fifth and sixth polls launched during the session probed the questions of digital learning and the resilience of supply chains.