"why do we have to change?
TRANSCRIPT
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Answers to:“Why Do We
Have to Change?”*
* “It’s working OK the way it is.”
by Dr Janet Lapp
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We are at the Tipping Point of
the 4th Industrial Revolution
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1784 - Steam, water, mechanical1
You’ve pretty much mastered this one.
The 4th Industrial Revolution
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The 4th Industrial Revolution 1870 - Electricity,
mass production
2Yup, this one too.
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The 4th Industrial Revolution
1969 - Electronics, IT, automation3
This one not so much. Some legacy
companies are still thinking of updating. Some still use paper
and pencil.
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The 4th Industrial Revolution
1969 - Electronics, IT, automation3
Most don’t use technology well.
P.S. The third revolution started in
1969. That’s 47 years ago. Just saying.
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The 4th Industrial Revolution
2016 - Cyber-Physical 4
Robotics, AI, drones and the like.
Humans still needed - but at an evolved
level.
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NYSE TRADES(THOUSANDS)
1960 1975 1990 2005 2020
100K200K300K400K500K600K
Change is exponential, not
linear.
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GLOBAL MERGER/AQU .(BILLIONS)
50015003000450060007500
1980 1990 2000 2010 2020
So it’s going to happen faster than we can
imagine.
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US PATENTS FILED
100K200K300K400K500K600K
1960 1975 1990 2005 2020
We might not see it before we get hit with it.
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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?
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Did I mention fast?
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These used to be computer companies. Now, one is a consulting company and the other is a music, phone and healthcare company.
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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.
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Uber the world’s largest taxi company, has no vehicles.
Facebook, the world’s most popular media owner, has no content.
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Alibaba the most valuable retailer, has no inventory.
Airbnb the world’s largestaccommodation provider, has no real estate.
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The nature of disruption depends on your industry.
Media and entertainment? Already there.
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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.
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So why is there urgency to change?
Because although the windows of
opportunity open more often …
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They close much more quickly.
Without a nimble, flexible workforce who
are all on the same page, we’ll miss it.
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Then what?
The end.