Neil Jacobsohn The new world of platform economics

Welcome to the new world of "platform economics" - and it will bring fundamental changes. The steady disappearance of traditional; "jobs" is probably the biggest issue facing society in the coming decades. There will be fewer and fewer traditional jobs as platform economics (e.g. Uber and intelligent machines move to centre stage. “Jobs" will have to be reinvented, and the smart folk are already ahead of the curve. How many people do you know who have already quit the corporate world and are driving their own futures?
And that will increasingly become the way of the world. The trouble is that neither our business community or our education system has wised up to this fact yet. Instead of teaching independence and self-starting skills, we teach old-fashioned and irrelevant disciplines.
The outcome will be a huge surge in unemployment, for a while at least - perhaps a few decades. Europe is already looking at 30% youth unemployment. Today’s paper reports, shockingly, that 50% of South African households are already receiving some kind of government grant. It terrifies me…what sort of society are we looking at in the future? Hordes or discontented, bored, unmotivated young people who have never had a job and will never have one, looking for handouts….funded (inadequately before too long) by the handful of self-motivated people…and mismanaged by bloated, incompetent governments.
Posted: 19 June 2014 at 10:51

Doug Vining The demise of ownership

Here's another example of platform economics shaking up the status quo. When access trumps ownership. The Guardian calls it the "demise" of ownership.
A FuturesForum post (titled: "The demise of ownership") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 25 June 2014 at 08:24

Anton Musgrave Banking battles

Non banking players are leading the innovation game in financial services - why is that so surprising?
A FuturesForum post (titled: "Banking battles") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 9 August 2014 at 11:26

Doug Vining Resisting the digital revolution

Isn't it strange how, in this day and age, incumbent businesses that have relied on artificial barriers to competition, like regulation or access to markets, protest vainly against the digital upstarts? All around the world, Uber is changing the game, and if you can't compete, you should pack it in or join the platform.

This year it's taxis, next it will be banks or power utilities. Decentralised models, with peer production and collaborative consumption, are the way of the future, and the digital megatrend is making it possible. Will you be ubered, or are you building the next Uber, in whatever industry you operate?
A FuturesForum post (titled: "Resisting the digital revolution") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 13 August 2014 at 15:07

Neil Jacobsohn Resisting the digital revolution

And some regulators and bureaucrats also stand Canute-like against the waves of change. The authorities in Seoul are planning to ban Uber...who do you think will win in the end?
Posted: 13 August 2014 at 16:11

Neil Jacobsohn Resisting the digital revolution

And a further development in South Africa. Uber has just announced that in addition to its premier service - using top-end vehicles - and its "UberVan" service, it is launching UberX - a low cost service with less expensive vehicles. One taxi company moaned: "Their pricing is 36% lower than ours." Welcome to the free market, and the power of platform economics!
Posted: 15 August 2014 at 09:40

Doug Vining Could Uber be ubered?

This article from Quartz is subtitled "A platform for your platforms" and that makes the point that, in the new world of social and platform economics, even the leaders can be upstaged by... another disruptor!

So once again I ask the question, even of Uber: Will you be ubered?

Maybe the next Uber will use autocars, autonomous automobiles, that don't need any phones, just a connection.
A FuturesForum post (titled: "Could Uber be ubered?") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 2 September 2014 at 19:48

Doug Vining Could Uber be ubered?

And the price war starts. Gett offers $10 black car rides for the whole of Manhattan:
Hat tip to @AkiAnastasiou
Posted: 4 September 2014 at 17:03

Anton Musgrave Social Banking...and social business the way of the future

Business as we knew it needs to rethink its whole view on what the core role and position really is...for the future. And it is not what it was! The notion of social business is not new but how we execute it defines its new impact.
A FuturesForum post (titled: "Social Banking...and social business the way of the future") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 5 January 2015 at 19:35

Neil Jacobsohn New realities for financial services

FutureWorld does a great deal of work in the financial services sector, helping executive teams try to understand how the changing world is going to affect banking and money matters. We believe that of all industries, it is financial services who are facing one of the biggest shakeups.
Thus I found the attached article from FinExtra on the Finovate Europe conference, which has just ended, really interesting.
What were the key outcomes?
+ A new 'sense of urgency' among delegates to find digital and disruptive technologies not just to discuss, but to implement in the next 12 months.
+ 'A mix of excitement, panic and frustration. Excitement at the possibilities to transform the bank, insurer or wealth management company. Panic that more hasn’t been done already. And frustration at how difficult it is to get things done.' (I loved this; it so accurately reflects our experiences of working in this sector).
+ A recognition that the Gen Y group is a force to be reckoned with. We run several Gen Y programmes to alter executives to the views and insights of their younger staff.
It's really changing out there - and the lumbering giants that are today;s banks are slowly waking up. Will ihey be quick enough? Or will our ...
A FuturesForum post (titled: "New realities for financial services") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 13 February 2015 at 10:07

Megan Williams New realities for financial services

When it comes to growing our finances, one of the best for me is investing through property. We all know, how its value increases as the years pass. This is the reason why i have purchased a unit at Marine Blue Condo in Singapore. Check out their site here:
Posted: 16 February 2015 at 07:36

Anton Musgrave Uber challenges traditional business thinking

With a valuation that tops 72% of all Fortune 500 companies, Uber if forcing a radical rethink of what drives value in a ubiquitously connected world. Traditional business models are being rocked and the era of dematerialisation is here...forever.
A FuturesForum post (titled: "Uber challenges traditional business thinking") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 14 April 2015 at 10:15

Anton Musgrave Another industry in the final throes of rigour mortis?

London's famous Black Cabs are fighting a losing battle...and they needed to 'get with the program'! The markets is ruling against them and as many businesses have discovered, for against the market at your peril! The debate is how they co-exist, adapt and reinvent themselves...or it will be yet another Blackberry or Nokia or Kodak story. Sorry "Knowledge" but the days of you being a differentiator are over...forever!
A FuturesForum post (titled: "Another industry in the final throes of rigour mortis?") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 27 April 2015 at 16:54

Neil Jacobsohn The Economist and FinTech

The FinTech revolution is scaring many existing banks and financial services organisations out of their pin-striped suits. It;s taken a while, but the bible of capitalism, The Economist, has this week produced a full report on the burgeoning fintech market. As usual, it is balanced and insightful - an excellent read.
It;s a subject we have been exploring for a long while now in MindBullets (see alongside) and in a series of focussed presentations. This is indeed a revolution.
A FuturesForum post (titled: "The Economist and FinTech") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 19 May 2015 at 10:31

Doug Vining The Economist and FinTech

And here's an alternative scenario for the future FinTech Exponential Organisation:
Posted: 19 May 2015 at 13:52

Neil Jacobsohn And Uber moves into...banking!

Now this is news! Everyone is talking about Uber as the ultimate disrupter, of personal transport, perhaps of deliveries, perhaps even developing a driverless car service. But Uber as the Uber of banking? Now there's a possibility. Perhaps our MindBullet of June 2014 was not so far off the mark....
A FuturesForum post (titled: "And Uber moves into...banking!") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 30 July 2015 at 15:27

Neil Jacobsohn Car giants face the Uber of Everything

And so the auto manufacturing giants recalibrate their strategies and set out to become...service companies. Who would have believed it? This is the impact of a world in which access is more important than ownership, Welcome to the start of the Uber of Everything. And its affecting many more business than just the auto industry, or indeed, financial services, as we reflect in our MindBullet alongside.
A FuturesForum post (titled: "Car giants face the Uber of Everything") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 25 January 2016 at 17:04
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