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Being Future Ready A Sam Swaminathan presentation
20

Being future ready

Apr 10, 2017

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Sam Swaminathan
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Page 1: Being future ready

Being Future ReadyA Sam Swaminathan presentation

Page 2: Being future ready

Six Drivers of Change

Page 3: Being future ready

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

Page 4: Being future ready

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

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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

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https://www.youtube.com/watch?v=Pphr7WyNBWU

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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

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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,…

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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!

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The most profitable industries .. are asset-light in terms of physical capital.

McKinsey Global Institute

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• 45% OF TASKS PERFORMED BY U.S. WORKERS CAN BE AUTOMATED BY CURRENTLY EXISTING TECHNOLOGIES - McKinsey

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Some threats to the Financial Services Industry

Payments Lending

Wealth Management Retail Banking

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• 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.

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Data Collection

Data Assimilation

Data Analysis

Data Driven Decisions

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The Brave New World

Learn to forget;

Don’t forget to learn!!

Failure could be your best friend.

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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

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• 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.

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Brought to youBy

Sam Swaminathan

Helping you Think Differently

www.ccthinking.com