Being future ready
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The twenty first century is vastly different from the twentieth. It demands a radically new set of skills and competencies. Lifelong learning takes on new meaning. Ignore it at your peril.
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Being future ready
- 1. Being Future Ready A Sam Swaminathan presentation
- 2. Six Drivers of Change
- 3. 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 tasksSource: iftf.org
- 4. 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
- 5. 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
- 7. 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 $12B Alibaba – owns no inventory - $175B Uber – owns no cars - $51B
- 8. 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,…
- 9. OUR WORLD TODAY Mkt 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!
- 10. The most profitable industries .. are asset-light in terms of physical capital. McKinsey Global Institute
- 11. • 45% OF TASKS PERFORMED BY U.S. WORKERS CAN BE AUTOMATED BY CURRENTLY EXISTING TECHNOLOGIES - McKinsey
- 13. Some threats to the Financial Services Industry Payments Lending Wealth Management Retail Banking
- 15. • 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.
- 16. Data Collection Data Assimilation Data Analysis Data Driven Decisions
- 17. The Brave New World Learn to forget; Don’t forget to learn!! Failure could be your best friend.
- 18. 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
- 19. • 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.
- 20. Brought to you By Sam Swaminathan Helping you Think Differently www.ccthinking.com