I have often stated that prediction is a fool’s errand. The sheer number of building blocks, the pace at which they emerge, and the combinatorial nature of innovation all conspire to complicate the art of prediction. For example, predictions about urbanization and smart cities point to 72% of the world population living in cities by 2050. This and other projected disruptors have many people believing that we will need an intuition reset.Continue reading
An event like a pandemic triggers a chain reaction. Like one domino setting the others in motion, COVID-19 is shaping a different future. The links in the chain represent multiple domains, and the reaction spans them all. Our challenge is to understand the Implications of these reactions and the way the World may Respond. I looked at this implication/response Framework in the early days of the pandemic. Now, we see signals that may provide more clarity as to possible paths. One domain where signals are emerging is work.Continue reading
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.
I recently added a new book to my Book Library. Authors Peter Diamandis and Steven Kotler explore the acceleration of technology and the Upheaval we are likely to experience in the coming decade. Diamandis and Kotler investigate how exponentially accelerating technologies converge and impact both our lives and society as a whole. They ask key questions like: how will these convergences transform today’s legacy industries? What will happen to the way we raise our kids, govern our nations, and care for our planet?
The global population is projected to reach 9.7 billion in 2050 – up from 7.6 Billion today. This population growth along with city expansions are having major consequences, driving a lack of growing space and food in many parts of the world. Add to this the concerns of extreme weather events that will disrupt food production, and you have a scenario that forces us to find creative solutions. According to various statistics, 795 million people don’t have enough food; and keeping pace with population growth requires a focused effort on realizing food abundance.
I found a very refreshing Article today describing Japan’s vision for the fifth iteration of society. Our hunter-gatherer days represent the first iteration, with agriculture coming in as number two and the industrial and information revolutions rounding out the next two. I’ve written about the Tipping Points in human history – and this vision of a future society is aligned with my point of view on the next tipping point. With each tip, we have experienced Unintended Consequences. Big visions such as these would be wise to ensure a balancing of the Opposing forces of Innovation.
Will our fundamental beliefs be challenged in the coming decade? In a recent book titled No Ordinary Disruption, the authors talk about the need for an intuition reset, where everything we thought we knew about the world seems to be wrong. They see our world changing radically from the one in which those intuitions that drive our decision making were formed. Skeptics abound, but I for one see the writing on the wall. In the future-of-business series kick-off, I focused on Future Scenarios as a major force in altering the future of business. Let’s continue the series by focusing on other forces.
In the book referenced above, the authors compare the coming transformative period with the Industrial Revolution of the late 18th and early 19th centuries – where one new force changed everything. As I have tried to depict in my future scenario Visual, we are dealing with multiple forces or shifts that are converging. In their analysis, the authors conclude that our world is undergoing an even more dramatic transition due to this convergence. They focus on four forces (urbanization, technological change, aging, and connectivity) and deem that any of them would rank among the greatest changes the global economy has ever seen. Compared with the Industrial Revolution, they estimate that this change is happening ten times faster and at 300 times the scale, or roughly 3,000 times the impact – digest that as you consider whether our fundamental beliefs will change in the coming decade. Here is a quote from the book: “Although we all know that these disruptions are happening, most of us fail to comprehend their full magnitude and the second and third-order effects that will result. Much as waves can amplify one another, these trends are gaining strength, magnitude, and influence as they interact with, coincide with, and feed upon one another. Together, these four fundamental disruptive trends are producing monumental change”