14. Many of these emerging giants are now also being grown
outside of Silicon Valley
Source: https://techcrunch.com/2014/10/28/the-us-breeds-the-most-unicorns-but-the-rest-of-the-world-is-catching-up/
20. Fortune 2000 invests $2TN a year on tech - to what end?
Source: Fortune 2000 (2015) & Gartner Estimated IT spend %
21. Which part of this $40TN market will be able to fully
embrace technology to innovate and grow?
22. Fortune 500 disruption matters economically as
there’s increasingly less of a public sector safety net
Changes in UK Parliamentary Spend (www.parliament.uk)
23. We will feel even more political impact as millennial
unemployment remains high in many major EU economies
Source: Statista, https://www.statista.com/chart/3644/youth-unemployment-still-unrelenting-in-europe/
24. Lack of economic opportunities and austerity
causing protests and unrest
25. So while luxuries may feel closer to hand, the jobs
and housing which stimulate well-being don’t
26. This fear is most acute for millennials and parents
27. Unicorn FTEs Zebras
160,000+ drivers
5,000+ Roos
640,000+ hosts
6,700
2,400
800
Meanwhile a new breed of tech businesses are starting to
flip the idea of income and employment on its head
46,000 8,500,000+ sellers
28. There will be many other new labour marketplace entrants
33. This isn’t a Silicon Valley thing, it’s a global
phenomenon
34. How do you create an industrial strategy
for the many not just for the few?
35. It’s not just about jobs - the UK is in a relatively good place
for unemployment
36. It’s not just about immigration - nearly 9m migrants already
part of the UK labour market
37. In fact, the UK is only G8 economy with an
established entrepreneur’s visa program
38. It’s partly about how governments adapt to a backdrop of
profound change and widespread new technology realities?*
(list from 2011)
1. Global Internet, Local Services
2. Broadband Everywhere
3. Mobile Devices
4. Cloud Computing
5. E-Commerce
6. Social Graph
7. Consumerization of IT
8. Incredibly low cost of Start Ups
39. Tech realities which by 2016 have only accelerated and
further evolved even as they repeat themselves...
1. Marketplaces & SaaS (again!)
2. Messaging & Bots (again!)
3. AI (again!)
4. Security & Privacy (again!)
5. Sharing & On-demand Economy
6. Digital Transformation
7. Zebras & NOMAD stack
8. Automation - Drones, Cars & Robots
9. Blockchain & Microservices
40. The FTSE 100 have a market capitalization in excess of $2.7 Trillion, employ
over 5,580,000 people and spend well over $60bn a year on IT
Source: Public company data, Gartner % IT Spend by Industry (2012)
40
FTSE 100 could see as much as $2TN of value displacement - with
a real impact on employment
41. Population: 240,595
Source: Camden Profile (2015), London Borough Profiles 2016, Camden Equality Taskforce Evidence Base
(*) Poverty defined as 60% of national median income – currently equivalent to about £16,500.
Local economies will have to innovate or suffer as well
London’s 3rd largest economy (1.6% of UK GDP -
larger than Estonia)
Home to 24,400 businesses including:
But 15-20% households still under poverty line*
42. So now’s the time to choose something important and
double down on Maslow’s web
Communications
Fashion
Discretionary Non-Discretionary
Media
Entertainment
Shopping
Travel
Energy
Housing
Education
Food
Finance
Health
Transport
Security
1993-2003 2004-2012 2012+