Evolve
Old giants fell, unable to change, While AI rises, swift and strange. Adapt or fade, the future’s clear— Only the bold will persevere.
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Tech reshapes life, as jobs disappear, Machines grow smarter, year by year. In this new age, we must evolve, Or be the past that time dissolves.
Remember Kodak? Back in 1997, it employed about 160,000 people, and 85% of the world’s photographs were captured using Kodak film. Yet, despite its dominance, Kodak failed to adapt to the digital revolution brought about by mobile cameras. The company eventually went bankrupt, and all those jobs were lost.
This isn’t an isolated case. Many once-mighty companies around the world suffered the same fate, not because they made poor products, but because they failed to keep up with rapid change:
What do they all have in common? They couldn't adapt fast enough to the technological advancements or shifts in consumer behavior.
Today, the pace of change is accelerating even more. Standing in this moment, it’s hard to grasp how much the world might transform in the next 10 years. Between 70%-90% of current jobs may disappear as we fully enter the era of the Fourth Industrial Revolution, driven by artificial intelligence (AI), automation, and advanced digital technologies.
The New Giants of the Digital Age
Let’s take a look at some of today’s biggest companies:
These companies didn’t just ride the wave of technology—they created new business models. And they’re disrupting entire industries without the massive infrastructure that traditional businesses required.
The Impact of AI and Automation
AI is becoming the backbone of many industries, and its effects are being felt worldwide. In the United States, legal software like IBM Watson is performing tasks that once required human lawyers. It can process legal documents, analyze case law, and even predict outcomes more efficiently than new law graduates. As a result, new lawyers are finding it harder to enter the workforce. It’s predicted that up to 90% of today’s legal jobs in America could be automated in the coming decade, with only the top 10% of experts thriving.
In healthcare, AI is proving to be even more revolutionary. Systems like Watson Health can diagnose cancer and other illnesses with far greater accuracy than most doctors. This technology is spreading across the world—from hospitals in the U.S. and Europe to clinics in India and Africa—transforming healthcare at an unprecedented rate. By 2030, AI is expected to surpass human intelligence in many areas, creating new opportunities but also displacing millions of jobs.
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The Future of Transportation
Around the globe, the transportation industry is also on the brink of massive change. In the next 20 years, it’s predicted that 90% of today’s cars will disappear from the roads. Electric and autonomous vehicles will dominate, leaving oil-producing nations to face major economic challenges.
For instance, ride-hailing services like Didi Chuxing (China) and Lyft (USA) will soon be using fully driverless cars. Once autonomous vehicles are mainstream, accidents could drop by 99%, making car insurance companies irrelevant. Imagine summoning a driverless car from your phone, sharing it with others, and paying less than the cost of a bus ticket.
Countries like the UAE and Singapore are already testing autonomous drone taxis. In the not-too-distant future, even air travel might shift towards autonomous flights, reducing human error and increasing efficiency.
Retail and Banking Disruption
Think about the retail and financial sectors. Just 10 years ago, small physical shops were everywhere. But today, the likes of Amazon (USA), Flipkart (India), and Alibaba (China) have revolutionized how we shop. Brick-and-mortar stores are disappearing, unable to compete with online giants that offer convenience, speed, and lower prices.
Even the definition of money has changed. Cash is quickly becoming obsolete. First, we moved to credit and debit cards, and now we’re in the era of mobile wallets like PayPal (USA), WeChat Pay (China), and Paytm (India). As digital currency like Bitcoin and Ethereum gain traction globally, traditional banking is facing disruption.
The World of Work: Jobs Disappearing Globally
Across the globe, industries are evolving, and with it, traditional jobs are disappearing:
Even fields that were once considered "safe" from automation, such as finance, medicine, and education, are being reshaped. AI-powered investment tools, automated medical diagnoses, and online learning platforms are reducing the need for traditional jobs.
Adapting to the New Age
The lesson is clear: those who fail to adapt will be left behind. From Japan to Brazil, businesses must evolve or perish. AI is not only changing industries—it’s reshaping the global economy. As automation and AI take over more and more tasks, the workforce must shift toward roles that require creativity, critical thinking, and emotional intelligence—skills that machines can’t replicate (yet).
It’s a global challenge, but it’s also an opportunity. The future belongs to those who embrace the change, continuously innovate, and re-skill themselves to remain relevant in a world driven by digital transformation.
Adapt, evolve, and thrive—or risk becoming a relic of the past, like Kodak.
Director - Sales & Business Development
5 个月Interesting take on evolution, innovation and what happens in its absence!