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From Linear to Exponential Innovation Mindset

We are linear thinkers . We project where things are going to be by looking at the past .
We are moving from Scarcity >>> Abundance and we need to adapt our mindset to the new reality !
What are the key changes we need in our mindset to succeed in the new era of exponentially growing technologies ?

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From Linear to Exponential Innovation Mindset

  1. 1. From Linear to Exponential Innovation Mindset HONG KONG , MAY 2015 MIKE MASTROYIANNIS
  2. 2. 1. The Evolution of the Human Race (1) - We evolved to survive as a species and this evolution was slow - The change was linear and local . - Things did not even change from century to century . Till 1500 -1700 everything changed slowly - Now the change is exponential and the world is global
  3. 3. 1. The Evolution of the Human Race (2 ) - We are linear thinkers . We project where things are going to be by looking at the past . - 1000 yeas ago only Kings could create major changes - 100 years ago were only the industrialists (Carnegie , Rockefeller,. ) - Today Small companies can do things that in the past only governments or big multinationals could do ( e g Space X versus NASA , INSTAGRAM with 13 employees had a valuation of 1 billion)
  4. 4. 1. The Evolution of the Human Race (3 ) What is next ? The individual will be able to do what only a big company could do 20 years ago !
  5. 5. 2. Scarcity is disappearing ……. (1 ) - The cost of transportation , food , communication has become more than 100 times cheaper - Wealth and Health is growing and improving - Human Longevity has Doubled the last 100 years - Money and resource availability is growing exponentially ( crowd sourcing , crowd funding ,… ) - Education is growing , becomes everywhere available and cheaper (on line) - 1 individual with Smartphone has more power in his/her hands than any president of any country 25 years ago !
  6. 6. Scarcity is disappearing ……. (2) - Kids have now the tools to create big companies ( Instagram , Uber , AirBnB , ……. ) - With New 3 billion connected consumers the coming 5 -7 years (2020-2022) what will be the result in relation to Innovation , economic growth ,….. ?
  7. 7. 3.Exponentially Growing Technologies (1) Moore’s Law ( Doubling Power almost every 18 months ) - Integrated Circuits : 2 transistors in 1958 >> 2300 transistors in 1971 and >> 7100000000 transistors in 2012 - Dynamic memory ( Bits per dollar) : exponential fall cost of memory - Processor Performance ( MIPS) - Solar Panels
  8. 8. 3.Exponentially Growing Technologies (2) With Information Technology growing exponentially every field of science/business sector that has significant information content is growing or will become more efficient exponentially : Computers /Smartphones , Cloud Computing, Networking , Mobile Communication , Social Networking , Healthcare , Transportation , Hospitality , Security , Biotechnology , Nanotechnology , Robotics, Artificial Intelligence , Data Analytics , Banking , Insurance , 3D Printing …
  9. 9. 3.Exponentially Growing Technologies (3) - Every exponentially growing technology has a deceptive period that it grows slowly followed from the disruptive period where it grows exponentially. - Although currently an 800 USD computer is inferior in computational power to the human brain with the exponential growth of computational power it is expected that by 2023 an 800 USD computer will match the human brain power. - The Transition point from Deceptive to Disruptive is very important for the timing of successful new businesses.
  10. 10. 4. Examples of Applications of Exponentially Growing Technologies - Robotics : Self driving cars ( Google) and Drones - Artificial Intelligence : Watson ( IBM Computer) eliminates any human opponent in Jeopardy - Cloud Computing : cost per hour is declining monthly - 3D Printing : Customized Cars , Human parts, .. - Biotechnology: Synthetic substances for fuel , food , vaccines and soon genes !! , Stem cells will extend human life over 150 years - Nanotechnology :Genetically modified Silk stronger than Steel , Artificial diamonds ,…
  11. 11. 5. Key Impacts of Exponentials (1 ) Dematerialization : Physical Product become digitized and are distributed as bits (dematerialized) - Consumer electronics product categories ( Audio , camera, Video , GPS , Display… ) have been almost eliminated from SmartPhones - Transportation : Not owning a car and instead use UBER for cars as the total life time cost of owning a car is higher - Books : From material books to Online Books (bits) , From DVD to on line streaming - Miniaturization of products will have great impact in the environment
  12. 12. 5.Key Impacts of Exponentials (2) Demonetization: Reduces the value of a market segment ( especially services but not only ) by introducing a new Business model - Skype >> Long Distance calls - iTunes >> Record stores - Amazon >> Book Stores - AirBnB >> Hotel Chains - craigslist >> Classified Ads - Uber >> Taxi Fleets
  13. 13. 5.Key Impacts of Exponentials (3) Democratization : Availability of key technologies/applications to almost everybody . Smartphones become the platform to access everything - Unlimited computing power (Cloud computing) - Cheaper energy ( solar ) ( 6 generations away to cover all earth needs ) - Artificial Intelligence ( on line virtual assistants , healthcare) - Unlimited competences/cost competitive resources ( Crowd Sourcing ,Crowd Funding ) - Unlimited education ( Free or low cost >> on line Universities) - Communication ( Smartphones , Internet , Whats app, Skype , Mobile Phones changed Africa !!)
  14. 14. 6. New Mindset ( 1) We are moving from Scarcity >>> Abundance and we need to adapt our mindset to the new reality ! What are the key changes we need in our mindset to succeed in the new era of exponentially growing technologies ?
  15. 15. 6. New Mindset ( 2) What influences your mindset ? - People in your life - Work and home environment - The news you watch - Your Life Purpose
  16. 16. 6. New Mindset ( 3) What do we need to adapt to create Abundance ? 1. From doing what others want to what I love ( Passion/Purpose ) 2. From thinking Small to Big ( not 10 % better but 100 X better ) 3. From Short term to Long term thinking 4. Pessimistic to Optimistic 5. From Fearful to Grateful 6. From inside out to Customer and Experimentation driven
  17. 17. 6. New Mindset ( 4) Any people practising this new mindset ? What are key Billionaires’ Characteristics ( Elon Musk , Richard Branson , Larry Page , Jeff Bezos ,.. ? ) 1. Have a big Passion/Purpose in life 2. They do a lot of Experimentation 3. Practice Long Term Thinking 4. They are Optimistic 5. Risk & Mitigation 6. Customer Centricity Thinking The same !
  18. 18. Mike is inspiring and helping others to find their Passions and Success in Life and Business , Creating innovative scalable global systems and businesses , reinvents , simplifies , leverages the community as well as external assets , automates and grows effectively . Experienced in both Digital Marketing and Technology which is imperative for any 21st century CEO . Many and fast turnarounds for big businesses as well as Start Ups . He can be reached via LinkedIn or email mike.mastroyiannis@gmail.com

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