The document presents 10 slides summarizing the innovator's dilemma. It shows how a sustaining technology steadily improves an existing product's performance over time. However, at some point a disruptive technology appears that does not meet existing customer needs but later improves to a level that exceeds those needs. The initial supplier of the sustaining technology continues to focus on it and misses the opportunity to adopt the new disruptive technology, eventually losing market share to the disruptive supplier as its technology hits the "sweet spot" and follows an S-curve pattern of adoption.
Dr. house would be a great product managementTautvydas Gylys
If product management goal is to increase the accuracy of company bets and if discovery is the process of doing that, why we spend so little time in comparison to taking care of delivery. Here I'm sharing insights from House MD and first steps we take @Trafi to change that.
Thank you Dr. Kelvin Ross for presenting at the Australian Test Managers Forum 2014. If you would like any information on TMF please email tmf@kjross.com.au
Dr. house would be a great product managementTautvydas Gylys
If product management goal is to increase the accuracy of company bets and if discovery is the process of doing that, why we spend so little time in comparison to taking care of delivery. Here I'm sharing insights from House MD and first steps we take @Trafi to change that.
Thank you Dr. Kelvin Ross for presenting at the Australian Test Managers Forum 2014. If you would like any information on TMF please email tmf@kjross.com.au
This is the set I used to conduct a full-day workshop on test automation (for software) theory and high-level practice in 2011. Probably my last testing -related presentation.
Why Technology and the future of growth Challenges of change.pdftraicie
Technology and the future of growth Challenges of change
SHIFTS IN LABOR MARKETS
Technology is having profound effects on labor markets. Automation and digital advances are shifting labor demand away from routine low- to middle-level skills to higher-level and more sophisticated analytical, technical, and managerial skills. On the supply side, however, equipping workers with skills that complement the new technologies has lagged, hindering the broader diffusion of innovation within economies. Education and training have been losing the race with technology.
Most major economies face the challenge of aging populations. Many of them are also seeing a leveling off of gains in labor force participation rates and basic education attainments of the population. These trends put an even greater focus on productivity—and technological innovations that drive it—to deliver economic growth.
RISING INEQUALITY
Growth has also become less inclusive. Income inequality has been rising in most major economies, and the increase has been particularly pronounced in some of them, such as the United States. The new technologies favoring capital and higher-level skills have contributed to a decline in labor’s share of income and to increased wage inequality. They have also been associated with more concentrated industry structures and high economic rents enjoyed by dominant firms. Income has shifted from labor to capital and the distribution of both labor and capital income has become more unequal.
Rising inequality and mounting anxiety about jobs have contributed to increased social tensions and political divisiveness. Populism has surged in many countries. Nationalist and protectionist sentiment has been on the rise, with a backlash against international trade that, alongside technological change, is seen to have increased inequality with job losses and wage stagnation for low-skilled workers.
CHANGING GROWTH PATHWAYS
While income inequality has been rising within many countries, inequality between countries has been falling as faster-growing emerging economies narrow the income gap with advanced economies. Technology poses new challenges for this economic convergence. Manufacturing-led growth in emerging economies has been the dominant driver of convergence, fueled by their comparative advantage in labor-intensive production based on their large pools of low-skill, low-wage workers. Such comparative advantage is eroding with automation of low-skill work, creating the need to develop alternative pathways to growth aligned with technological change.
AI, ROBOTICS, AND THE FOURTH INDUSTRIAL REVOLUTION
Technological change reshaping growth will only intensify as artificial intelligence, advanced robotics, and cyber-physical systems take the digital revolution to another level. We may be on the cusp of what has been termed the “Fourth Industrial Revolution (4IR).” canva
This is the set I used to conduct a full-day workshop on test automation (for software) theory and high-level practice in 2011. Probably my last testing -related presentation.
Why Technology and the future of growth Challenges of change.pdftraicie
Technology and the future of growth Challenges of change
SHIFTS IN LABOR MARKETS
Technology is having profound effects on labor markets. Automation and digital advances are shifting labor demand away from routine low- to middle-level skills to higher-level and more sophisticated analytical, technical, and managerial skills. On the supply side, however, equipping workers with skills that complement the new technologies has lagged, hindering the broader diffusion of innovation within economies. Education and training have been losing the race with technology.
Most major economies face the challenge of aging populations. Many of them are also seeing a leveling off of gains in labor force participation rates and basic education attainments of the population. These trends put an even greater focus on productivity—and technological innovations that drive it—to deliver economic growth.
RISING INEQUALITY
Growth has also become less inclusive. Income inequality has been rising in most major economies, and the increase has been particularly pronounced in some of them, such as the United States. The new technologies favoring capital and higher-level skills have contributed to a decline in labor’s share of income and to increased wage inequality. They have also been associated with more concentrated industry structures and high economic rents enjoyed by dominant firms. Income has shifted from labor to capital and the distribution of both labor and capital income has become more unequal.
Rising inequality and mounting anxiety about jobs have contributed to increased social tensions and political divisiveness. Populism has surged in many countries. Nationalist and protectionist sentiment has been on the rise, with a backlash against international trade that, alongside technological change, is seen to have increased inequality with job losses and wage stagnation for low-skilled workers.
CHANGING GROWTH PATHWAYS
While income inequality has been rising within many countries, inequality between countries has been falling as faster-growing emerging economies narrow the income gap with advanced economies. Technology poses new challenges for this economic convergence. Manufacturing-led growth in emerging economies has been the dominant driver of convergence, fueled by their comparative advantage in labor-intensive production based on their large pools of low-skill, low-wage workers. Such comparative advantage is eroding with automation of low-skill work, creating the need to develop alternative pathways to growth aligned with technological change.
AI, ROBOTICS, AND THE FOURTH INDUSTRIAL REVOLUTION
Technological change reshaping growth will only intensify as artificial intelligence, advanced robotics, and cyber-physical systems take the digital revolution to another level. We may be on the cusp of what has been termed the “Fourth Industrial Revolution (4IR).” canva
4. Progress of sustaining technology High-end performance demand trend At Time T1 Product is Just Good Enough Product Performance Low-end performance demand trend Good, but…. T1 Time
5. Progress of sustaining technology High-end performance demand trend Supplier Makes Improvements With Existing Technology Product Performance Much Better! Low-end performance demand trend Good, but…. T1 Time T2
6. Progress of sustaining technology High-end performance demand trend At T3, Supplier Continues With What Works, But Product Performance Exceeds Needs Great! Product Performance Much Better! Low-end performance demand trend Good, but…. T1 Time T2 T3
7. Progress of sustaining technology High-end performance demand trend Disruptive Innovation Occurs at T2, No Perceived Threat - Does Not Meet Needs Progress of new technology Great! Product Performance Much Better! Disruptive innovation Low-end performance demand trend Good, but…. T1 Time T2 T3
8. Progress of sustaining technology High-end performance demand trend By T3 the Disruptive Supplier Meets Needs, Base Tech Supplier Stuck on Old Technology Progress of new technology Great! Product Performance Much Better! Disruptive innovation Low-end performance demand trend - Good, but…. T1 Time T2 T3
9. Progress of sustaining technology High-end performance demand trend At T4, Innovator Hits the Sweet-spot Legacy Supplier Now Too late to Change Progress of new technology Super Great! Product Performance Much Better! Sweet Spot Disruptive innovation Low-end performance demand trend Good, but…. T1 Time T2 T3 T4
10. Progress of sustaining technology High-end performance demand trend This Leads to Rapid Market Share Gain by the Innovator at T4 and the S-Curve Pattern Progress of new technology Super Great! Product Performance Much Better! Sweet Spot Disruptive innovation Low-end performance demand trend Good, but…. S-Curve Pattern Original supplier market share High Low Disruptive tech supplier share Low High T1 Time T2 T3 T4