The Zero Concept....Future is Here...
Some Quick Takes on……a fabulous conference attended...
Frost & Sullivan ‘s One Day Forum entitled "Growth Innovation and Leadership"
The Zero Concept espoused by the new digital organization’s focusing on Zero Waste Emissions, Zero Debts, Zero Emails, Zero SMS, Zero Voice Charges is an interesting new phenomena which is going to sweep the world through Innovation.
Today, Whatsapp calls, has led to Zero Voice Charges, Apple has gone into a new scheme of US19-US32 dollars where with the purchase of an Apple I-phone where there is no more Telekom carriers charges. Google also fiber to home where data charge is zero.
Zero energy charges... Energy driven Tesla cars, use no more fossil fuel. Tesla Energy will revolutionize the automotive industry worldwide soon. The order for these cars has superseded the production capacity.
UBER has brought a revolution bringing taxi drivers worldwide up in arms. No more traffic woes, no more waiting, no more cheating and Zero hassle.
Zero is a new dimension in innovation. What is driving this new business model innovation? New products, new forms of energy at Zero cost...
The global business economy is going through an unprecedented accelerating cycle of disruption, collapse and transformation. This is being driven by the convergence of new business models, mega trends and disruptive technologies. Industry leadership positions are no longer secured by brand, customer loyalty and the momentum of market share. The rapid collapse of Kodak will be experienced by many industry leaders many times in the future. This includes healthcare, environment, transportation, retail, energy, industry, manufacturing, finance, public sector, chemicals, electronics, telecom, IT, education, entertainment and consumer goods.
The New business model is based on:
A lot of this convergence will be driven by connectivity. “Key aspects such as proliferation of connected devices, smart city solutions, and social factors would also drive convergence. Social trends, like aging societies for example, would demand specific solutions around assisted living- an area that a lot of telecom players are actively looking at.
In conclusion, connectivity and convergence will have a massive impact on business, society and personal lives. Most importantly, the future of all industries would be defined by the impact and adoption of connectivity. As connectivity continues to drive convergence, companies would need to identify those adjacent, periphery products and services that could be added as a part of their portfolio in the future. This would define new solutions, new customers and even new partnerships and competition
The Internet innovation connects everything today. Over 50 billion devices will be connected. Facebook stock price has gone over 100 after its move into Mobile platform.
Anticipatory shipping is what Amazon claims today. With data in their hands...they are going reengineer the book business by telling when you will purchase a book. Adobe is moving from product to service, thus making their stock soaring.
Top Megatrends of the Future
- Social – Women Empowerment
- Economy – Emerging Outsourcing
- Technology – Cloud Computing
- Energy – Global Power Generation
- Infrastructure – Power, water and Transportation
- Business – New Business Model
- Health/Wellness – Fat to Fit
- Smart Factory – Factory of future smart and green
- Industry – Healthcare, Energy, Environment, Aerospace, Automation, Defense, ICT, Electronics, Security
- Mobility
The future of every industry will be towards.
- Zero Natural disasters
- Zero Cost for education
- Zero Healthcare
- Zero Crime
- Zero Corruption
- Zero Security Breach
- Zero Accidents
- Zero Emissions
- Zero Waste
- Zero Defects
- Zero Debts
Conclusion
Today we want balance between body, work, family and office. More collaborative efforts, flexibility will be the buzz word. Competition will change. Competitors will come together to come with solution. Massive Urbanization in America. Every industry is affected by this.
Gen Y prefers to stay in big cities. 86.7 populations will stay in mega cities. Dynamics of purchase will change. Cities will be decision makers. UBER is one. Millennial’s will be the future and this requires new products and services. Economic Divide in the US is getting bigger where average household income in US has shrunk. Middle class is becoming rich and that leaves a smaller numbers of middle class. Products must be made for the poor and the rich too. India more middle class. Automation sector will be hit. Jobs will be gone. Tesla is without any humans but full of robots. Every 5th job was in automotive sector but today it's different. There are no more travel agents. It's 5G now. Cyber security is a serious threat. Panama paper Leak is a good example.
Aging population is another business. Smart pills are the in thing. Live longer, think better. Health care wellness better body are the new business...preventive health is the new business.
Urbanization is the new business and every car will be connected. Insurance costs will go down. Automotive sector will go thru major changes. Rail network will be become great. Road is important but Rail is even more important. Energy will go through decentralization process.
Some of the Earth Shattering Examples to read, to understand the above phenomena
In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide.
Within just a few years, their business model disappeared and they got bankrupt.
What happened to Kodak will happen in a lot of industries in the next 10 year - and most people don't see it coming. Did you think in 1998 that 3 years later you would never take pictures on paper film again?
Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a long time, before it became way superior and got mainstream in only a few short years. It will now happen with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs.
Welcome to the 4th Industrial Revolution. Welcome to the Exponential Age.
Software will disrupt most traditional industries in the next 5-10 years.
Uber is just a software tool, they don't own any cars, and are now the biggest taxi company in the world. Airbnb is now the biggest hotel company in the world, although they don't own any properties.
Artificial Intelligence: Computers become exponentially better in understanding the world. This year, a computer beat the best Go player in the world, 10 years earlier than expected. In the US, young lawyers already don't get jobs. Because of IBM Watson, you can get legal advice (so far for more or less basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans. So if you study law, stop immediately. There will be 90% less lawyers in the future, only specialists will remain.
Watson already helps nurses diagnosing cancer, 4 time more accurate than human nurses. Facebook now has a pattern recognition software that can recognize faces better than humans. In 2030, computers will become more intelligent than humans.
Autonomous cars: In 2018 the first self-driving cars will appear for the public. Around 2020, the complete industry will start to be disrupted. You don't want to own a car anymore. You will call a car with your phone, it will show up at your location and drive you to your destination. You will not need to park it, you only pay for the driven distance and can be productive while driving. Our kids will never get a driver's license and will never own a car. It will change the cities, because we will need 90-95% less cars for that. We can transform former parking space into parks. 1. 2 million people die each year in car accidents worldwide. We now have one accident every 100,000km, with autonomous driving that will drop to one accident in 10 million km. That will save a million life’s each year.
Most car companies might become bankrupt. Traditional car companies try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, and Google) will do the revolutionary approach and build a computer on wheels. I spoke to a lot of engineers from Volkswagen and Audi; they are completely terrified of Tesla.
Insurance companies will have massive trouble because without accidents, the insurance will become 100x cheaper. Their car insurance business model will disappear.
Real estate will change. Because if you can work while you commute, people will move further away to live in a more beautiful neighborhood.
Electric cars will become mainstream until 2020. Cities will be less noisy because all cars will run on electric. Electricity will become incredibly cheap and clean: Solar production has been on an exponential curve for 30 years, but you can only now see the impact. Last year, more solar energy was installed worldwide than fossil. The price for solar will drop so much that all coal companies will be out of business by 2025.
With cheap electricity comes cheap and abundant water. Desalination now only needs 2kWh per cubic meter. We don't have scarce water in most places, we only have scarce drinking water. Imagine what will be possible if anyone can have as much clean water as he wants, for nearly no cost.
Health: The Tricorder X price will be announced this year. There will be companies who will build a medical device (called the "Tricorder" from Star Trek) that works with your phone, which takes your retina scan, you blood sample and you breathe into it. It then analyses 54 biomarkers that will identify nearly any disease. It will be cheap, so in a few years everyone on this planet will have access to world class medicine, nearly for free.
3D printing: The price of the cheapest 3D printer came down from 18,000$ to 400$ within 10 years. In the same time, it became 100 times faster. All major shoe companies started 3D printing shoes. Spare airplane parts are already 3D printed in remote airports. The space station now has a printer that eliminates the need for the large amount of spare parts they used to have in the past.
At the end of this year, new smartphones will have 3D scanning possibilities. You can then 3D scan your feet and print your perfect shoe at home. In China, they already 3D printed a complete 6-storey office building. By 2027, 10% of everything that's being produced will be 3D printed.
Business opportunities: If you think of a niche you want to go in, ask yourself: "in the future, do you think we will have that?" and if the answer is yes, how can you make that happen sooner? If it doesn't work with your phone, forget the idea. And any idea designed for success in the 20th century is doomed in to failure in the 21st century.
Work: 70-80% of jobs will disappear in the next 20 years. There will be a lot of new jobs, but it is not clear if there will be enough new jobs in such a small time.
Agriculture: There will be a 100$ agricultural robot in the future. Farmers in 3rd world countries can then become managers of their field instead of working all days on their fields. Aeroponics will need much less water. The first petri dish produced veal is now available and will be cheaper than cow produced veal in 2018. Right now, 30% of all agricultural surfaces is used for cows. Imagine if we don't need that space anymore. There are several startups who will bring insect protein to the market shortly. It contains more protein than meat. It will be labeled as "alternative protein source" (because most people still reject the idea of eating insects).
There is an app called "moodies" which can already tell in which mood you are. Until 2020 there will be apps that can tell by your facial expressions if you are lying. Imagine a political debate where it's being displayed when they are telling the truth and when not.
Bitcoin will become mainstream this year and might even become the default reserve currency.
Longevity: Right now, the average life span increases by 3 months per year. Four years ago, the life span used to be 79 years, now its 80 years. The increase itself is increasing and by 2036, there will be more than one year increase per year. So we all might live for a long time, probably way more than 100.
Education: The cheapest smartphones are already at 10$ in Africa and Asia. Until 2020, 70% of all humans will own a smartphone. That means, everyone has the same access to world class education. Every child can use Khan Academy for everything a child learns at school in First World countries. They have already released software in Indonesia and will release it in Arabic, Swahili and Chinese this Summer, because of the enormous potential. We will give the English app for free, so that children in Africa can become fluent in English within half