Transcript
Being Future ReadyA Sam Swaminathan presentation
Six Drivers of Change
2. Rise of smart
machines and systems
1. Extreme longevity
Increasing global lifespans change the nature of careers and learning.
Workplace automation nudges human workers out of rote, repetitive tasks Source: iftf.org
4. New media
ecology
3. Computational
world
Massive increases in sensors and processing power make the world a programmable system
New communication tools require new media literacies beyond textSource: iftf.org
6. Globally connected
world
5. Superstructured
organizations
Social technologies drive new forms of production and value creation (collective intelligence embedded in social connections)
Increased global interconnectivity puts diversity and adaptability at the center of organizational operations
Source: iftf.org
1-7
LO 1-2
Market Value per Employee
GM - $240,000/-TESLA - $2.9M
THE NEW REALITY
Labor, Information and capital move easily, cheaply, and instantly in 21st
century companies– FRICTION FREE ECONOMY
Airbnb – owns no real estate – mkt cap $12BAlibaba – owns no inventory - $175BUber – owns no cars - $51B
Company Market Value Capital employed
Walmart $250B $154B
Amazon $250B $35B
• Digital printers Vs Lithographic presses
• 3D printers Vs casting, forging, lathing equipment
• Photovoltaic cells Vs Conventional power plants
• Internet that can make capital more efficient – Uber, Airbnb,…
OUR WORLD TODAYMkt value per $ of physical assets
1-9
LO 1-2
VISA $101.1
FB $53
APPLE $30.2
J&J $19.9
GM $1.9
If you can touch it, it ain’t real!
The most profitable industries .. are asset-light in terms of physical capital.
McKinsey Global Institute
• 45% OF TASKS PERFORMED BY U.S. WORKERS CAN BE AUTOMATED BY CURRENTLY EXISTING TECHNOLOGIES - McKinsey
Some threats to the Financial Services Industry
Payments Lending
Wealth Management Retail Banking
• Every business is under siege.• Every individual is under siege.• Tomorrow is already here.• Businesses can reinvent themselves only when their
people reinvent themselves.
• Be motivated by the desire to achieve, not by the desire to defeat others.
Data Collection
Data Assimilation
Data Analysis
Data Driven Decisions
The Brave New World
Learn to forget;
Don’t forget to learn!!
Failure could be your best friend.
DISTINCTIFY… OR DIE!
“If there is nothing very special about your work, no matter how hard you apply yourself, you won’t get noticed and that increasingly means you won’t get paid much, either.”
— Michael Goldhaber, Wired
• If you want to accomplish something never before accomplished, you must attempt something never before attempted.
• We cannot solve problems with the same thinking we used when we created them.
Brought to youBy
Sam Swaminathan
Helping you Think Differently
www.ccthinking.com
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