Thoughts: Embrace New Technologies and Re-Frame how we think
07:57
Posted by jason tratch
Humans love routine and comfort in what they know and how to do things. Humans often associate change with stress and think that learning new things was meant to be done back in the days of school/university or the occasional course that the company pays you to attend and is outside work.
How can we embrace the fact that things are changing at faster and faster rates!
In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and became bankrupt. Did you think in 1998 you would never take pictures with a roll again?
Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a long time, before it became superior.
This will continue to happen with Artificial Intelligence, health, automation and electric power, 3D printing, agriculture and education/jobs.
Some are calling it the 4th Industrial Revolution and the Exponential Age.
Couple quick points that are against the normal way of thinking when you build a business:- Uber is just a software tool, they don't own cars and are now the biggest taxi company in the world. - Airbnb is now the biggest hotel company in the world, although they don't own any properties.- Law firms are operating without lawyers (get legal advice within seconds, with more accuracy) - computers are assisting doctors/nurses diagnose diseases
How about cars...
The complete industry will start to be disrupted. You don't want to own a car anymore it can be shared (social media style) or rented. You will call a car with your phone, it will show up at your location and drive you to your destination. You will not need to park it, you only pay for the driven distance and can be productive while driving. Our kids will never need a driver's licence or own a car. It will change the cities, because we will need 90-95% less cars for that. We can transform former parking space into parks. 1,2 million people die each year in car accidents worldwide. We now have one accident every 100,000km, with autonomous driving that will drop to one accident in 10 million km. That will save a million lifes each year.
Take a look at the link below to see innovative architects, engineers and water experts that are designing brand new communities that are already aligned with this:
http://www.ccgazette.ca/wp/?p=7280or see full video athttps://www.youtube.com/watch?v=5BpGo0rs99c
Most car companies might become bankrupt. Traditional car companies try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels.
How about 3D printing...
The price of the cheapest 3D printer came down from 18,000$ to 400$ within 10 years. In the same time, it became 100 times faster. All major shoe companies started 3D printing shoes. Spare airplane parts are already 3D printed in remote airports. The space station now has a printer that eliminates the need for the large amout of spare parts they used to have in the past.
Project and Business opportunities:
If you think of a niche you want to go in, ask yourself: "in the future, do you think we will have that?" and if the answer is yes, how can you make that happen sooner? If it doesn't work with portable devices, forget the idea.
How about projects and work:
70-80% of jobs will disappear in the next 20 years. There will be a lot of new jobs, but it is not clear if there will be enough new jobs in such a small time. Take control of your projects and ensure they are solution based and align with value not only today but into the future (which is coming fast).
Q - How can we manage our stress and be able to work on projects and continue to maximize success.?
Hopefully we are open to new innovations, excited to learn new things, learn how to live with change and step outside our routines.
This article has been edited by Jason Tratch but the framework was taken from a series of thoughts in a Facebook post by: Udo Gollub with Messe Berlin, April 22, 2016 (Berlin Germany)
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