Wearable tech once seemed like a passing fad, but it’s now expected to more than double between the years of 2016 and 2020, indicating that it’s here to stay.
One of the reasons people and organizations will never transform themselves is because they’re afraid of making mistakes. Either they never take risks, or they back out on the first sign something doesn’t work if they do make mistakes.
I’ve had many meetings with principals in large organizations and companies who say, “I am worried my business will be completely replaced by some Silicon Valley startup. How can I build something to counter that?”
Do you or your organization lead its customers? Yes, lead. Not just serve them, but lead them. In other words: Do you look out for them? Do you demand of them when they don’t demand more of themselves? Do you transform them?
Why do organizations fail? There are many reasons, mostly because they become irrelevant by failing to evolve and adapt to a changing world. The reasons this happens are many, but one thing is certain: organizations where everyone agrees with each other, where no friction exists, and where no one challenges the status-quo is certain to miss the future and eventually fail.
The Next Economy will be driven by 10 key emerging technologies, underpinned by artificial intelligence. The vision is that it will become a general purpose technology, like a utility, that is likely to scale across every industry, every sector of our economy and nearly every aspect of science, society and culture.