“From precision agriculture to self-driving cars, smart clothing to robotic construction technology, remote medical monitoring devices to active, intelligent packaging — every company in every industry is becoming a computer company, with software and technology at its heart and soul. This changes everything!” – #Futurist Jim Carroll
What happens when every company becomes a tech company? Things speed up – in dramatic fashion.
Why? Because Moore’s law will define the speed of change – and that is dramatically faster than the pace of change the organization has had to deal with before.
Moore’s Law? It’s the rule that defines that the processing power of a computer chip constantly increases while the cost collapses at an exponential rate — and which demands constant, relentless reinvention and innovation.
The result? Companies are having to innovate and transform at a pace never seen before.
Do this – go out and look at your car dashboard for a 2016 model. It looks ancient, doesn’t it? Compare it to a 2019 model, or even to a Tesla. The difference is night and day – a car from just a few years ago is now obsolete, with an old-fashioned, out of date feature set. Detroit, Stuttgart and Tokyo are struggling to keep up.
Simply put, people now expect their vehicles to be as advanced, easy to use and even as “replaceable” as their smartphones and tablet devices that are so central to their lives. They won’t find value in old cars from two years ago – that would be like buying at iPhone 4. They expect the latest, greatest technology – and as autonomy looms, expectations advance even faster.
When every company everywhere becomes a tech company – speed defines success!