Technology is changing faster than business, social, and government institutions have traditionally been able to adapt. How are organizations thinking differently about agility and flexibility in an environment of accelerating change?
Accelerating Rate of Change
Software and computers have fundamentally altered the paradigm of human innovation and are accelerating technological development in every discipline. Each generation of technology now provides the baseline that a next generation can be built upon. Transformational developments, that previously occurred once a generation, are happening more and more quickly as a result of the explosion of innovation fueled by the computing revolution.
The speed of innovation and the connectivity inherent in the global marketplace has created an environment where we must understand what is happening everywhere because we are exposed to the effects of change from all regions and industries. Simultaneously, these technologies have become so specific and complex that it is very difficult to truly understand what is happening without having dedicated research teams in every field, which is inefficient and in some cases impossible.
Leverage our research to help sort the signal from the noise, and focus on the developments that have true potential for system-wide change.
Machine learning and artificial intelligence technologies allow computers to replace workers in more and higher-skilled roles than ever before. These algorithms will be applied to every existing software application, which will have effects as broad and significant as the application of the internet to software in the 1990s.
Robotics and drone technologies are nearing an inflection point that will enable their adoption into economic activity far beyond the current, primarily industrial, automation applications. Increasingly capable and autonomous robots are enabled by developments in machine learning algorithms and energy storage technologies.
Just as IoT sensor technologies take digital information out of the real world, AR technologies use hybrid visualization to bring digital information into the real world. The ability to view the world through a digital (data enhanced) lens will change human interaction, commerce, and facilitate the new application layer akin to mobile.
The past 15 years of technology has focused on reducing or eliminating the middlemen in many industries – Uber brings drivers and riders together without the taxi company in the middle, Amazon brings products and purchasers together without distributors and retail outlets. The transaction trust mechanism that is the blockchain will facilitate the next wave of economic reorganization, regardless of the enduring success or failure of the current cryptocurrency explosion.
Genomics, bioengineering, and health technology are enabling longer life, better health later in life, increased food supplies, and enhanced human capabilities, all of which drive a multitude of second and third-order effects. These developments represent a shift as significant as the development of penicillin in 1928, which significantly increased disease survivability and led to the creation of the pharmaceutical industry.
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