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