“Do the best you can until you know better. Then when you know better, do better” (Maya Angelou). The best leaders work hard to “know better.” They know and admit they can always “do better.” Gen. (Ret) Marty Dempsey
Eye Opening Article with Some Very Interesting Predictions (source T.B.D.)
1-Auto repair shops will disappear.
2-A petrol/diesel engine has 20,000 individual parts. An electrical motor has 20. Electric cars are sold with lifetime guarantees and are only repaired by dealers. It takes only 10 minutes to remove and replace an electric motor. Reference: https://youtu.be/-4ygUCbHjTc
3-Faulty electric motors are not repaired in the dealership but are sent to a regional repair shop that repairs them with robots.
4-Your electric motor malfunction light goes on, so you drive up to what looks like a car wash, and your car is towed through while you have a cup of coffee and out comes your car with a new electric motor!
5-Petrol pumps will go away.
6-Street corners will have meters that dispense electricity. Companies will install electrical recharging stations; in fact, they’ve already started in the developed world. Reference: https://www.google.com/amp/s/www.cbc.ca/amp/1.4972890
7-Smart major auto manufacturers have already designated money to start building new plants that only build electric cars.
8-Coal industries will go away. Gasoline/oil companies will go away. Drilling for oil will stop. So say goodbye to OPEC! The middle-east is in trouble.
9-Homes will produce and store more electrical energy during the day and then they use and will sell it back to the grid. The grid stores it and dispenses it to industries that are high electricity users. Has anybody seen the Tesla roof?
10-A baby of today will only see personal cars in museums. The FUTURE is approaching faster than most of us can handle.
11-In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt. Who would have thought of that ever happening?
12-What happened to Kodak and Polaroid will happen in a lot of industries in the next 5-10 years … and most people don’t see it coming.
13-Did you think in 1998 that 3 years later, you would never take pictures on film again? With today’s smart phones, who even has a camera these days?
14-Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore’s law. So as with all exponential technologies, it was a disappointment for a time, before it became way superior and became mainstream in only a few short years.
15-It will now happen again (but much faster) with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs.
16-Forget the book, “Future Shock”, welcome to the 4th Industrial Revolution.
17-Software has disrupted and will continue to disrupt most traditional industries in the next 5-10 years.
18-UBER is just a software tool, they don’t own any cars, and are now the biggest taxi company in the world! Ask any taxi driver if they saw that coming.
19-Airbnb is now the biggest hotel company in the world, although they don’t own any properties. Ask Hilton Hotels if they saw that coming.
20-Artificial Intelligence: Computers become exponentially better in understanding the world.
This year, a computer beat the best Go-player in the world, 10 years earlier than expected. Reference: https://wp.me/P7Y71g-2a1
21-In the USA, young lawyers already don’t get jobs. Because of IBM’s Watson, you can get legal advice (so far for right now, the basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans. So, if you study law, stop immediately. There will be 90% fewer lawyers in the future, (what a thought!) only omniscient specialists will remain.
22-Watson already helps nurses diagnosing cancer, its 4 times more accurate than human nurses.
23-Facebook now has a pattern recognition software that can recognize faces better than humans. In 2030, computers will become more intelligent than humans. Reference: https://www.theverge.com/2018/3/27/17165150/facebook-face-recognition-how-to-turn-off-disable
24-Autonomous cars: In 2018 the first self-driving cars are already here. In the next 2 years, the entire industry will start to be disrupted. You won’t want to own a car anymore as you will call a car with your phone, it will show up at your location and drive you to your destination.
25-You will not need to park it you will only pay for the driven distance and you can be productive while driving. The very young children of today will never get a driver’s license and will never own a car.
26-This will change our cities, because we will need 90-95% fewer cars. We can transform former parking spaces into green parks.
27-About 1.2 million people die each year in car accidents worldwide including distracted or drunk driving. We now have one accident every 60,000 miles; with autonomous driving that will drop to 1 accident in 6 million miles. That will save a million lives plus worldwide each year.
28-Most traditional car companies will doubtless become bankrupt. They will try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels.
29-Look at what Volvo is doing right now; no more internal combustion engines in their vehicles starting this year with the 2019 models, using all electric or hybrid only, with the intent of phasing out hybrid models.
30-Many engineers from Volkswagen and Audi; are completely terrified of Tesla and they should be. Look at all the companies offering all electric vehicles. That was unheard of, only a few years ago.
31-Insurance companies will have massive trouble because, without accidents, the costs will become cheaper. Their car insurance business model will disappear.
32-Real estate will change. Because if you can work while you commute, people will abandon their towers to move far away to more beautiful affordable neighborhoods.
33-Electric cars will become mainstream about 2030. Cities will be less noisy because all new cars will run on electricity.
34-Cities will have much cleaner air as well.
35-Electricity will become incredibly cheap and clean.
36-Solar production has been on an exponential curve for 30 years, but you can now see the burgeoning impact. And it’s just getting ramped up.
37-Fossil energy companies are desperately trying to limit access to the grid to prevent competition from home solar installations, but that simply cannot continue – technology will take care of that strategy.
38-Health: The Tricorder X price will be announced this year. There are companies who will build a medical device (called the “Tricorder” from Star Trek) that works with your phone, which takes your retina scan, your blood sample and you breath into it. It then analyses 54 bio-markers that will identify nearly any Disease. There are dozens of phone apps out there right now for health purposes. Reference: https://tricorder.xprize.org/prizes/tricorder
WELCOME TO TOMORROW – it actually arrived a few years ago. Let us wake up to the 21st century challenges ….
Five 5 digital solutions that can help growing companies survive threats to functional operational and IT, thrive if exposed to natural disasters, and provide powerful enhancements that secure your business’ unassailable position.
Digital and cloud enabled systems support IT solutions are no longer optional for businesses. Growing companies must embed a digital-first approach into every facet of the business process if they expect to grow in today’s hyper-competitive marketplace.
Contributing Source: Jason Albanese, Co-founder and CEO – INC.com | Published Sep/21/2017
Amazon made headlines again when they recently announced they’ll be hiring 50,000 jobs across the country. Considering this hiring surge accounts for nearly one-quarter of the 222,000 jobs that the U.S. added in June of this year, I think it’s safe to assume Amazon is experiencing a growth phase.
Yet, as with any expansion, Amazon is likely facing a slew of challenges as they welcome new workers into the fold. Is each facility prepared to handle the influx of employees? Can the current human resources system manage a massive spike in users? Is the company generating enough revenue to support 50,000 new wages?
I have no doubt that Amazon is well prepared to handle this expansion, but this is not always the case for most businesses. In fact, last year, the Kauffman Foundation and Inc. Magazine discovered that nearly two-thirds of companies that had previously been on Inc.’s 5,000 fastest-growing companies list had either been sold, reduced, or gone bust.
While growing pains can make or break a company, there are a number of digital solutions you can adopt that will make the expansion much easier. Why? Because companies that embed digital into their everyday operations are more agile than traditional businesses when it comes to managing change. This agility will come in handy when you need to make a last-minute pivot to handle the demands that come with any growth phase.
So, if you’re going through growing pains (or are hoping to in the near future), here are five digital solutions you’ll want to consider:
1. Incorporate data into everyday decision-making
As your company grows and expands, it’s important to keep a close eye on performance both internally and externally. And the best way to monitor this is by measuring and tracking data. With the right data-driven dashboard in place, you’ll be able to:
- Empower leaders to make difficult hiring and firing decisions by using data that backs those decisions.
- Put new policies into place that are supported by persuasive numbers.
- Provide leadership with a better idea on where operations may need to change, which will enable them to streamline the business.
But, for many smaller companies, the first step is to start tracking and storing data in the first place. Unlike larger corporations, small businesses tend to be lacking in this area.
If you want to start tracking data externally, consider implementing a customer relationship management tool and investing in analytics on your website, marketing campaigns, or apps. For internal data tracking, project management tools and time-tracking software can yield a treasure trove of insight. In both cases, however, you’ll need to put controls in place that will enable you to collect Key Performance Indicators (KPIs) and use dashboards to contextualize the data.
2. Ditch the paper
Growing a business puts a demand on resources, so you’ll want to find ways to cut costs throughout the process. If you haven’t done so already, now is the time to ditch the paper.
Whether it’s by getting rid of paper contracts, enforcing a new policy on e-statements, or removing printers from the office, digital communications can save your company quite a bit of money. It will also dramatically streamline your processes and operations.
3. Create an omni office environment
I touched on this in a recent article, but if you’re outgrowing your current office space, then consider what it might take to create an omni office workspace for your employees.
While companies like IBM and Yahoo are no longer allowing employees to work remotely, a hybrid approach might be the best solution when it comes to creating an effective work-from-home policy. But no matter what you decide to do, enabling your employees to spend some time working from home can help keep overhead costs low, while potentially increasing productivity.
4. Secure important functional operational areas
Cloud mostly refers to the hosting of virtualized systems infrastructure and data in some datacenter aside from your own. In particular, this applies to office software and management and project accounting software as a service in, the cloud. What does this mean for small business organizations and large corporations that need protection of proprietary information to assure their company’s continued survival and success in highly competitve markets and challenging political and economic times? Most manufacturers, government agencies and public / private sector corporations would want to consider the risks. How would disruption in functional operational areas impact on market position and bottom-line in the face of IT systems anomalies, cyber-attack, hurricane management or other natural disasters?
I have to agree that eliminating tape, disk to disk, courier and select file backup protocols with tech savvy Virtual Private Cloud VPC on-premise continual backup would not only save your company tens of thousands per month, but when combined with cloud enabled IT backup and systems support, could make the difference between surviving threats mentioned above, and thriving in the face of these threats, while attaining assured readiness for the biggest challenges, and reduced cost.
5. Constantly monitor the latest technology trends
Can virtual assistants improve your company’s order fulfillment process? Can AR or VR enable your team to create prototypes that are easily shared across continents? Will IoT devices and smart sensors work to reduce manufacturing costs? Maybe or maybe not, but if you are not at least aware of these trends, you will not be able to make informed decisions about which might be applicable to your company.
The latest technology trends could be the key to getting your company through a growth phase with ease. But if you don’t know what’s happening, then the opportunity to integrate this tech into your operations will never see the light of day.
If growth and expansion are on the horizon for your business, you’ll want to make sure your company is digitally mature before you get too big to function. You can bet Amazon is taking full advantage of digital solutions as they expand their workforce and you can do so today by taking the above into account.