NEWS, COMMENTARY, DEBATE AND ACCESS TO FUTUREWORLD'S COMPLETE KNOWLEDGE BASE
Has Amazon redefined the game for companies used to kowtowing to analysts demands for predictable, visible profits? Or is it a bubble that will burst at some point - you be the judge....but don't ignore the value of constantly innovating, challenging incumbents and seeking new future relevant solutions for amazing customers.
China's Alipay and Tencent are showing the world the value and scale benefits of integrating social media, mobile and e-commerce ecosystems to deliver new payment systems at very low cost but resulting in massive scale benefits.
Its a scary new world for old style leaders! Speed, impact, transparency, societal engagement...all new dimensions for leaders embedded in yesterdays world!
As automation, fueled by AI, IoT etc grows the world will need to think very differently about business models, success criteria, capitalism as we know it and many more significant consequences of a new world of work, manufacturing, employment and human relevance.
With the explosion of IoT, AI, quantum data and algorithm driven engagement in our daily lives - remember the role of Cambridge Analytics in the 2016 US election of Donald Trump - are we staring at the beginning of the end of democracy?
I received USD12k into my account today. my banker has not yet called with an exchange rate and a credit to my account and hence it will be at least 24 to 48 hours before I derive any economic gain for the arrival of MY funds! Guess who will receive the value? In the meantime, Japan's banks can settle international money transfers in a second, and no doubt at a fraction of the usual cost!
Lab grown steaks are arriving...and taste as bad as a big Mac I guess but soon this will improve! Are we ready for a world of abundant food supply even as the population grows? Our minds are calibrated for scarcity. The future will be different.
So, we we spoke of in a MindBullet published years ago, will Hertz become the worlds largest airline, and starting in Dubai?
Last year AlphaGo beat Lee Sedol, one of the worlds best Go players. Now, Google's secret online AI has beaten the world champ and dozens of others in online Go games!
Best we enjoy driving our cars now as we won't be doing it for long!
The challenge of getting all employees, analysts, shareholders, customer s and everyone else in your ecosystem to understand and passionately buy into your game plan is crucial in a confusing world. Very few companies seems to have the strategic story nailed! It starts with your "Why" and explains the ambition, the journey's landmarks and the ideal outcome clearly to all and most ...
With almost 500m clients Ant Financial, the financial services arm of Alibaba, its already a huge business, bigger than most global banks. Yet is seeks to quadruple its base in next 10 years to 2 billion customers! Most of the incumbents cannot even think at that scale and their systems simply cannot ever cope with that scale...Check mate ?
Long spoilt by billions in profits from selling airtime and data packages, the mobile operators of the world might be blind to the next massive opportunity. This is the advent of IoT and its global cross industry potential, enabled by 5G. However, selling 5G capacity is not the real proposition - its all about data enablement and data value. This demands that incumbents reinvent their value ...
Many traditional leadership disciplines need a hard reboot to ensure that leaders are able to cope with the new world and leverage off these exponential times. One of these is the fall back demand for "research' to validate all decisions! We increasingly fall foul of analysis paralysis seeking proof of new and untried concepts and answers...instead of building a sensible risk framework, ...
As the world begins to grapple with tech driven unemployment, we will see a rise in the debate on how to fund humans into the future! This leads to a debate on the future of capitalism, wealth and reward as we knew it. How will we measure success in the future...and it cannot be the way we measure it now.
What is the future of work in a world where we are NOT creating net new jobs and it's going to be much worse! Maybe jobs are the problem not the solution!
The advance of autonomous cars and now trucks is unstoppable. Please think about how this might impact your industry and then change the word 'might' to 'will'!
As AI developed and mutates, it will no doubt learn and self evolve. This might introduce really interesting questions around how it will take corporate decisions like allocation of resources and payment of profits!
Many suggest that Moores Law may be nearing its end, and the rate of technological change and hence disruption is coming to a welcome end. However others believe the journey is just starting! Best one buckles up then as the ability to store, manipulate and work with data at atomic level suggests that the rate of tech advancement is a long way from slowing down!