“No one knows what Spacely Sprockets actually makes, but you can be certain that it is some sort of A.I.-based hyperconnected upgradeable software thing!” -Futurist Jim Carroll
Audiences love the part of my keynote where I lead them into the world of the Jetson’s TV show – and point out how all of these ideas from 1962 and set in 2062 are all around us today. (Except for the flying cars – lots of experiments, but nothing mainstream.)
One thing is certain – we are headed towards a world in which the very nature of the products that every company is bringing to market becomes hyperconnected, intelligent, and based on software.
Every company needs to become a software company, and innovate at the speed of Moore’s Law. Many don’t understand the massive implications of this trend.
Name any industry – auto, health care, manufacturing, energy, banking — and it’s clear that we are witnessing a fundamental and distinct shift of the innovation agenda to one which is driven by the speed of Silicon Valley, and by a generation of people in the computing world who think fundamentally differently about the source of innovation in an industry.
As this occurs, we are seeing massive business model disruption as new, faster, more nimble competitors who understand technology based disruption, cast aside their slower, ingrained counterparts who are stuck with old, ingrained ideas.
The future belongs, in other words, to those who are fast. Tech companies and tech based innovators certainly understand that logic. Their entire DNA is bound up in the ability to move fast.
When products become dependent on tech, industries change!
That’s why financial organizations are finding themselves plunged into a whirlwind of change as our mobile devices become our credit cards. As slow-to-change insurance companies find that driver-performance oriented insurance policies, linked to in-dash GPS monitoring technologies, wreak havoc on old-line insurance assumptions. As the world of health care adjusts to the reality of a less than $1,000 genomic sequence machine.
Are you ready for your new future?