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Dare to Dream: Future of the Digital Enterprise by Kevin S. Parikh


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Opening keynote, "Dare to Dream: Future of the Digital Enterprise" by Kevin S. Parikh at Avasant's Empowering Beyond Summit 2019

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Dare to Dream: Future of the Digital Enterprise by Kevin S. Parikh

  1. 1. © 2019 Avasant LLC. All Rights Reserved. Proprietary and Confidential. No part of this document may be reproduced in any form or by any electronic or mechanical means, including information storage and retrieval devices or systems, without prior written permission from Avasant LLC.
  2. 2. Where are the moonshots and “giant leaps”? It took 8 years for the first human to travel to the moon (1961 – 1969) More than 400,000 engineers, scientists and technicians to accomplish the moon landings 50 years ago, we travelled to the moon with far less power than our phones today
  3. 3. We must transform from making incremental gains to Giant Leaps… Creativity Stagnation Have we reached a point of stagnation? Incremental Thinkers Has innovation become incremental? From Innovators to Upgraders? How did we transition from breakthrough innovations to incremental upgrades?
  4. 4. The Information Age has changed our lives, but how many of us can still. . . Remember a family member’s phone number Navigate without GPS Calculate without a calculator Communicate without email or text Write a letter
  5. 5. Has our over- dependence on technology contributed to the lack of modern-day “leaps”?
  6. 6. We must Dare to Dream again What have we become? We must remember… Innovativeness & Creativity Critical Thinking & Problem Solving Disruptive Abilities Human Contact & Emotional Awareness Information Processors Over-dependent on technology Reclusive Reactive
  7. 7. Barrier-free Access Democratized Egalitarianism The Sharing Economy Digital Singularity Transboundary Community Bringing multiple technologies to create something new A transaction within a transaction Multi-sensory, real-time data that enhances experiences A real-time virtual model of your physical self Digital Singularity unlocks our potential Technology Prerequisites Four Pillars of Digital Singularity Rules of the New Economy
  8. 8. The power to dream requires us to open our minds again
  9. 9. Dare to Dream
  10. 10. Enterprise Disruption Government Transformation Hyper- Sustainability 10X Transformation Dare to Dream
  11. 11. Unleashing Individual Creativity: Are we too consumed with the Digital World, and losing touch with the Analog World? 62% of children under 12 use touch screens often or very often - only 49% use any kind of construction toys or blocks Screen time is increasing, time spent outdoors, reading, declining 915 million ways to combine 6 LEGO bricks – we are constrained by 4 corners of an iPad
  12. 12. Think 10X Google X – The Moonshot Factory Combines - Science, Technology, Invention and Innovation Develop new technologies to solve some of the world’s hardest problems “True innovation happens when you try to improve something by 10 times rather than by 10%.”
  13. 13. Individual Innovation Individual Innovation Curiosity and Open- mindedness 10X Mindset Necessity is the mother of invention Willingness to fail
  14. 14. Government Transformation Hyper- Sustainability 10X Transformation Individual Innovation Dare to Dream
  15. 15. Urban Air Mobility: A moonshot solution for traditional on-the- ground activities 60 % Of the World’s population will live in cities by 2030 600 million people will commute everyday by 2030 FAA estimates 7 million drones in the sky by 2020, with 2.6 million in the commercial space
  16. 16. Enterprise Disruption Transformation of core business processes Identification of new customers and value chains Driving a Culture of Innovation Preparation for new competition Enterprise Disruption
  17. 17. Hyper- Sustainability 10X Transformation Individual Innovation Enterprise Disruption Dare to Dream
  18. 18. The 5G leap to drive Government Transformation and enable digital resilience The Caribbean can leap frog and deploy next gen 5G infrastructure, 1500X faster than current speeds in the region 2017 Hurricanes affected 50% of Mobile Network Operators in Caribbean, with some experiencing over 95% infrastructure damage Annual losses due to climate changes are highest in SIDS, of up to 9% of GDP
  19. 19. Government Transformation Government Transformation Provide for the stability of public institutions Protect People Define new laws to support society in the digital economy Provide platforms to support business and commerce
  20. 20. Dare to Dream
  21. 21. Hyper-sustainability will thrust us to future moonshots, enabling us to solve grand challenges
  22. 22. Hyper-Sustainability Solving grand challenges, creating an all-encompassing digital experience to support socio- economic development and build sustainable, resilient and inclusive societies Enterprise Disruption Individual Innovation Government Transformation Energy and Environment Human Health & Safety Education and Equality Requires collaboration To achieve sustainability
  23. 23. The Forces against Hyper Sustainability Immigration Battles designed to keep low cost labor out Countries break alliances with the fall of NAFTA, BREXIT, stress on NATO Social “Everything” drives less human contact and less mutual understanding Fake news is utilized to drive a wedge between people Trade Tariffs attempt to slow further globalization Declining Multilateralism and rise in nationalistic policies
  24. 24. Hyper-Sustainability will solve our challenges Nearly 1 billion youth lack basic mathematics, literacy, and business skills Persons suffer from some form of malnutrition People rely on wood, coal, charcoal or animal waste for cooking and heating People live below the international poverty line of US$1.90 a day
  25. 25. The United Nations SDGs drive the need and create focus…
  26. 26. The biggest challenges to the “art of the possible” are the limitations we place on our own minds…