Your refrigerator will talk to your toothbrush, your gym shoes, your car, and your bathroom scale. They will all have a direct line to your smartphone and tell your digital doctor whether you have been eating right, exercising, brushing your teeth, or driving too fast. I have no idea what they will think of us or gossip about; but I know that many more of our electronic devices will soon be sharing information about us— with each other and with the companies that make or support them.
The Internet of Things (IoT) is a fancy name for the increasing array of sensors embedded in our commonly used appliances and electronic devices, our vehicles, our homes, our offices, and our public places. Those sensors will be connected to each other via Wi-Fi, Bluetooth, or mobile-phone technology. Continue reading
Welcome to the age of increasing complexity, volatility, interdependence, diversity, ambiguity, flux and more. Bring it on…
Affected by many conflicting yet interdependent factors that demand constant adaptation and speed of response, organizations of all sizes are being required to deal with what are now very complex decision making environments. Companies are being challenged by unexpected competitors, attacked by cyber-criminals, and talked about by unpredictable customers constantly. Are most structures set up to deal with such a barrage? Continue reading
What is risk? What compels most of us to avoid it while others run straight into the fire? Is risk a necessary component of progress? And more importantly, can risk ever really be eliminated? If so, how?
In the insurance industry, risk is all about math. Premiums are based on complicated actuarial tables, the cost of medical care, survival rates, the demographics and mix of participants, and so on. Similarly, in times of war, military leaders also rely on statistical analysis to assess risk. Continue reading
It’s easy to see why anyone could have trepidation when it comes to dealing with today’s speed of change. Keynote speaker Robert Safian said the chaos is neither good nor bad, but it is real and must be acknowledged and dealt with. “The world is changing. It’s changing at a pace that we haven’t seen before, and we’re not really trained for it, and we have to retrain ourselves to be able to make the most of it,” Safian told Alabama NewsCenter. “The opportunities with all of this change are spectacular, but you have to open yourself up to those ideas.”
Millennials are the largest, most diverse, most educated and most connected generation of our time. At 80 million in the United States alone, they are a critical demographic to attract to your meetings and conventions. While older professionals seek the traditional meeting model, millennials are looking for something more interactive. Instead of a speaker giving a presentation for an hour, they would rather have the majority of that hour be Q&A. This is a generation that wants to be heard and have conversations instead of listening to a presentation straight through. The PCMA Education Foundation found that “old-school” meeting formats are the number one repellant for millennial attendees. It’s time to change the traditional speaker and panel formats to incorporate technology and audience participation.
There is nothing like a near-death experience to make you acutely aware of how much we rely on medicine and the healthcare system. I suffered a massive heart attack in March 2012 and nearly died. The doctors saved me. Since that terrifying event, I have tracked developments in technology, medicine, and wellness carefully. All along, I wondered why so much health care aimed at saving us after we fell ill rather than at keeping us healthy and spotting the problems well in advance. People in the healthcare sector call such an approach wellness care, or preventive medicine.
First he was a well-known optimist in Silicon Valley, now Vivek Wadhwa warns against the downsides of technology.“Social media is used as a weapon against ourselves and we are unhappy about it.”
Vivek Wadhwa has made a huge turn in recent years. The legendary entrepreneur, writer and keynote speaker originally made his name as one of the most prominent ‘cheerleaders’ of Silicon Valley. He was closely involved with Singularity University, an almost evangelistic club that has been hammering on the huge promises of the technological revolution in recent years. He taught at Stanford University, the Silicon Valley nursery school, and wrote optimistic books and columns about the future.
GE’s Chairman and CEO, John Flannery, and Flux Group founder and former Editor-in-Chief of Fast Company, Robert Safian, discuss the future of additive manufacturing and its potential to transform the world of industrial manufacturing at Industry in 3D. This is a fascinating dive into the thinking of the leadership of a major company that is navigating it’s way thru a quickly changing business landscape.
Vivek Wadhwa is rejoining his former colleagues at Harvard Law School to run a critically important research project on the impact of technology on jobs and developing policies to mitigate the dangers.
This is with Richard Freeman, the world renowned labor economist, Sharon Block, who helped key labor policies for the Obama administration, and historian/scholar John Trumpbour. The 3-year project at Harvard’s Labor and Worklife program will bring together a who’s who to analyze new data on automation and jobs and to brainstorm on policy.
Thanks to Clark Quinn, Ph.D., we have a wonderful visual image of Nancy Giordano’s talk at this year’s #LSCon. It is fascinating to see how the future, learning, work, and leadership are interconnected. Thank you Clark.
At a recent ACG Silicon Valley event, Carnegie Mellon University instructor Tarun Wadhwa discussed the future of bitcoin and the potential power of Blockchain. Blockchain technology has a large potential to transform business, being both a disruptive innovation as well as one of the newest foundational technologies. That potential is already is already bearing fruit in many important industries, along with the growing pains. Tarun touches upon the future possibilities as well as the hurdles.
The biggest story in the ecosystem of blockchain is tokenization – the ability to turn physical and digital objects into a cryptographically secured digital representation of a set of rights. In other words, a string of code that can be tracked, traded, and split up into micro-fractions. We saw the first wave of excitement with ICOs, which are tokenized company equity, but that’s just the beginning.
Tokens will play a critical role going forward in virtually any digital exchange of value. And the implication of this is the creation of massive, entirely new markets. Assets that couldn’t be sold can now become liquid…it will soon be possible to buy shares in a house or an art painting just as you would stock in a company.
Yet to explore the real opportunities, we must also examine the hurdles that might hamper the growth of blockchain use. It is complex by nature, which make it hard for many users to understand. It lacks oversight thru regulation, which makes it risky. It can be an arduously slow system, which makes it less attractive for simple uses. It uses massive computing power for its checks and balances algorithms, which makes it dependent on large amounts of electrical power. And it promises to remove all the middle men, which also discards the value of expertise and dispute resolution that middle men delivered throughout history.
It is important to understand both the possibilities and the hype. While the vast majority of use cases we hear about today are going nowhere, there is something larger going on. Blockchain or some other form of partially distributed ledger, will ultimately be transformative in defining the future of how we own and exchange things.
Congratulations to Vivek Wadhwa for being recognized by the Silicon Valley Forum 2018 VISIONARY AWARD-WINNER. Past honorees include Bill Gates, Elon Musk, Linda Rottenberg, Scott McNealy, Ray Kurzweil, Reed Hastings, Tim O’Reilly, Padmasree Warrior, Anne Wojcicki, Reid Hoffman and many other icons.
One of the keys to great leadership is making great decisions. In a world with increasing complexity, we need to understand how the mind works, why people stray towards bad decisions, and what skills and systems you can use to make great leadership choices in the future.
In fact, advanced tools, from big data, predictive analytics, genomics, artificial intelligence, quantum computing and other technologies have made it possible to pinpoint future results with mind-blowing accuracy—cracking the door to what Rebecca Costa calls predaptation: the ability to adapt before the fact.