"Why do we have to change?
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Use this as a conversation starter with folks back at work who think everything is-working-well-the-way-it-is-why-should we-change-it.
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"Why do we have to change?
- 1. Answers to: “Why Do We Have to Change?”* * “It’s working OK the way it is.” by Dr Janet Lapp
- 2. We are at the Tipping Point of the 4th Industrial Revolution
- 3. 1784 - Steam, water, mechanical You’ve pretty much mastered this one. The 4th Industrial Revolution
- 4. The 4th Industrial Revolution 1870 - Electricity, mass production Yup, this one too.
- 5. The 4th Industrial Revolution 1969 - Electronics, IT, automation This one not so much. Some legacy companies are still thinking of updating. Some still use paper and pencil.
- 6. The 4th Industrial Revolution 1969 - Electronics, IT, automation Most don’t use technology well. P.S. The third revolution started in 1969. That’s 47 years ago. Just saying.
- 7. The 4th Industrial Revolution 2016 - Cyber-Physical Robotics, AI, drones and the like. Humans still needed - but at an evolved level.
- 8. NYSE TRADES (THOUSANDS) 1960 1975 1990 2005 2020 100K 200K 300K 400K 500K 600K Change is exponential, not linear.
- 9. GLOBAL MERGER/AQU . (BILLIONS) 500 1500 3000 4500 6000 7500 1980 1990 2000 2010 2020 So it’s going to happen faster than we can imagine.
- 10. US PATENTS FILED 100K 200K 300K 400K 500K 600K 1960 1975 1990 2005 2020 We might not see it before we get hit with it.
- 11. 490 hours a minute are uploaded to Youtube, that’s 29,400 hours per hour. Shouldn’t you feel vaguely guilty about not producing something right now?
- 12. Did I mention fast?
- 13. These used to be computer companies. Now, one is a consulting company and the other is a music, phone and healthcare company.
- 14. Healthcare? Well, Apple is currently only a $700 billion company. The healthcare industry is valued at $3 trillion. Apple has already partnered with several large healthcare systems and wants to control patient records and health information. They will probably end up doing just that.
- 15. Uber the world’s largest taxi company, has no vehicles. Facebook, the world’s most popular media owner, has no content.
- 16. Alibaba the most valuable retailer, has no inventory. Airbnb the world’s largest accommodation provider, has no real estate.
- 17. The nature of disruption depends on your industry. Media and entertainment? Already there.
- 19. Financial services? Next! Denmark Norway and Sweden are almost cashless. Watch Bitcoin! B of A applied for 20 Blockchain patents early 2016. And so on.
- 20. So why is there urgency to change? Because although the windows of opportunity open more often …
- 21. They close much more quickly. Without a nimble, flexible workforce who are all on the same page, we’ll miss it.
- 22. Then what?
Editor's Notes
- IBM is consulting services, Apple’s profit center not just music and phones but $3 trillion health care. Uber world’s largest taxi company has no vehicles … Facebook world’s most popular media owner has no content. Alibaba the most valuable retailer has no inventory. … Airbnb world’s largest accommodation provider has no real estate. (also slides)
- 490 hours a minute are uploaded to Youtube, that’s 29,400 hours every hour. Instead of passive watching this slide shouldn’t you feel vaguely guilty about not whipping something out right now?