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Are you ready for 2018?

You need to be. Change is fast and furious, and it’s everywhere. Watch this to understand what comes next — and what you need to do!

 

Production note: ‘green screened’ in my basement with my new iPhone X. The video quality of this phone is staggering! Awesome video edit done by my partner in Moscow, Armine Simonyan, aka Alexandra. Her work is wonderful!



Trend: Security, Scams, and Avoidable Negligence!
December 19th, 2017, by Jim Carroll

Beneath the surface of normalcy lies a hidden layer of complexity. And the fact is, we are building a big, global, complicated machine, and it’s obvious that people don’t know how to secure it, ignore the challenges, or take advantage of those who don’t understand what is going on.

What do South Park, Pineapple’s, the BBC and admin:admin have in common? Watch this!

 

If there was one word in the security industry in 2017, it was this: Equifax. I don’t even need to explain…..

Yet going forward, we will continue to see many more Equifax situations that will result in the destruction of billions of dollars of corporate value. Some CEO’s will be held accountable; others won’t. Yet the sad fact is that entire companies will disappear to avoidable negligence with respect to security and infrastructure issues. The trend will become accelerated as technology driven disruption comes to drive forward every industry. We might one day see a car company go bankrupt — not because of fraudulent diesel mileage manipulation, but because someone hacked into the internal IT engine of millions of cars through a known backdoor.

Add to that the fact that 2018 will probably be characterized by the emergence of cryptocurrency scams as one of the leading news computer related news stories of 2018. You simply can’t have an important trend go supernova without a lot of fraudulent activities coming to the forefront as people “rush in to share the riches.” Blockchain is a critically important and transformative trend, but as with any trend, the good will come with the bad. I suspect that we will see not only individuals make stupid mistakes as they work to cash in without knowing what they are doing — but corporations and government as well.

Add to this increasing hyper-connectivity. The Internet of Things (#Iot) is only going to make the voyage more challenging, as we continue to link billions of devices to this big global connectivity machine. As we do so, many aren’t paying proper attention to the issues that come with #IOT either — read my 2 posts on #IOt that cover some of these security issues here and here.

It’s not like we haven’t known about the risks. Back in the 80’s and 90’s, I regularly read Peter G. Neuman’s Risk Digest, and even contributed a few emerging risks to the regular newsletter. Looking back, most of was predicted back then has come to pass, including the hacking and hijacking of election systems and technologies. It’s only going to get worse; I covered these challenges when I did 2 talks for the chief legal officers for a vast number of Fortune 500 companies last month, as covered in my post, Understanding, Managing and Minimizing Accelerated Risk.

Why does IT risk continue to be an issue? Because the fact remains : companies simply do not pay attention to what must be done to protect themselves against KNOWN RISK, because it is not at the level of the Board. Most major companies do not have IT or security as a Board level skills matrix responsibility; they are still focused on legal, finance, executive compensation and the other same old stuff they’ve always been focused on as Boards. Yet I’ve long said that IT and risk management needs to be something dealt with at the Board – until then, things will not change!

Gosh, back in 2003 – 14 years ago — I wrote in a post: “There is a common theme here — companies continue to ignore security issues, and the result is significant business damage. And to be frank, this isn’t just a small issue anymore — we are witnessing the actual destruction of corporate value due to negligence! THIS IS A CEO LEVEL ISSUE NOW, FOLKS!” —> https://www.jimcarroll.com/2003/02/security-has-to-start-at-the-top/

I used CAPS!

Then I wrote in that same post: “Until senior management wakes up and realizes that without action, they can see their corporate value destroyed over night, we’ll see more of this.”

Sadly, I nailed that trend….

Sadly, for many organizations, nothing will change into 2018 and going forward.

If you do anything, pay attention to security. The future of your organization depends on it.



Your business model and  your industry won’t look the same in 5 or 10 years. In fact, you might not even recognize it.

That’s a reality, and you are likely not able to cope! Here’s why:

  1. It’s the era of acceleration
  2. In that context, the future belongs to those who are fast
  3. There are few exceptions to the reality that small = speed, big = slow.
  4. The fact is, most legacy companies are not structured for speed
  5. Yet they need to be – disruption is everywhere, and it is happening quickly
  6. And as tech comes to drive every industry, the speed of change will only increase
  7. Making the big-small dichotomy even worse
  8. This faster future requires innovation risk, but big companies aren’t built for risk
  9. Not only that, but big companies have inherent health issues – they are clogged up with organizational sclerosis that clogs up their abilities
  10. The only way to challenge yourself and deal with these issues is to challenge yourself on speed/

Yet, too many organizations spend their time making the excuses that lead them to failure, rather than focusing on the ideas that will define success.

They are structured for failure. It will only get worse in the era of acceleration. Here’s why – watch an organization vote in real time for the attitude failure embedded in the organization.

Get around your innovation killers. Be agile! Focus on speed!



Being on stage in front of some of some of the world’s leading organizations and senior executives, you get the opportunity to address a lot of unique topics.

And with 25 years of doing this, I believe that I’ve highlighted trends from just about every perspective possible! Including, for example, issues involving understanding, managing and minimizing a world of accelerated risk.

So it was that I found myself on stage in front of senior corporate legal counsel for a good portion of the global Fortune 500 at two events in Chicago and Dallas last month, as the opening keynote speaker for the annual Baker McKenzie client conference.

Baker McKenzie is big – it is one of the top global legal firms, with 13,000 employees, of who 4,700 are lawyers, in 77 offices across 47 countries. The client list is simply unparalleled: I had folks from AT&T, Intel, 7-11, Citi, Bell Helicopter, BP, Ericsson, JCPenney, Allstate, JPMorgan Chase, McDonalds, GM, Hyatt, Oracle, Pizza Hut, Southwest Airlines and a few hundred more others in the rooms. (Fun fact: many of the companies at the events are included in my own client base.)

If you are going to speak to a few hundred corporate legal counsel, you’ve got to bring your “A-game.'” With that, my talk focused on 2 key issues: what comes next, and what risks come with that?

To start out, my keynote took a look at ‘25 disruptive trends,’ (a topic which has quickly became one of my most in demand speaking topics through the last year.) I took a look at the core issues leading to a faster world and massive business model disruption and change – everything from the acceleration of science, to what happens when every company becomes a software company; the impact of an increase in the number of business partnerships due to skills fragmentation, and the issues that come from the acceleration of knowledge; not to forget the hyper-connectivity that comes from the Internet of Things and the new business models that emerges a result.

Want some of this insight? Read this post on disruption – it started out as a list of ’10 Drivers of Disruption’ but has grown from there. Or book me and bring me into your organization!

I then spun these trends into the question of : what new risk is emerging in this fast paced world? The thing is, as all this change comes about, we are in an era in which organizations are faced with new risk, unforeseen risk, faster risk, more complex risk, extended risk, and the acceleration of risk!

With that, my keynote on disruption spun into these future issues of risk, such as:

  • accelerated risk: simply put, as everything speeds up, risk happens faster, which leads to:
  • the rapid emergence of new risk: we are in an era in which organizations are now subjected to the sudden arrival of new forms of risk which did not exist before. How do you develop a legal culture to cope with that?
  • hyper-connectivity risk: the connectivity of the Internet of Things (IOT) leads to new forms of shared and hyperconnected risk.
  • partnership risk: organizations are struggling with skills issues, and need to partner faster. This leads to more complex – and faster – partnerships, which leads to new forms of partnership risk
  • IP risk everywhere: because everyone is becoming a software company, intellectual property (IP) issues go through the roof!
  • speed risk: organizations are focused on speed – agile is the new leadership focus. But moving faster requires that they take on more risk that must be managed in new and different ways.
  • role risk: the issue of speed and agility is quite contrary to the risk minimization role that most corporate counsel must manage, so there is a significant change in their role.
  • regulatory risk: and then there is a regulatory mismatch – organizations are innovating in such a way that is becoming more difficult for regulatory organizations (such as the FDA and others) to understand, manage, or provide a structure for that future risk.

There was much more than I spun into the talk, but it leads to one simple conclusion – we are headed for a world of what I could call “fast legal!” Simply put, both legal firms and corporate legal counsel need to work harder to get faster. (Are they good at this? Not often. Small example: I’m frequently booked by many of the Fortune 500 companies that were in the room. Fun fact – many of them have turned my simple little 3 page speaking contract into epic legal documents that are, I suppose, legal works of art. The record is 42 pages! I refuse to sign such contracts, and they eventually come around and sign mine. Also, most can’t cut a check quick enough for my contract terms, and end up paying me by credit card!)

It was a wonderful event, and met with a great response – there was a lot of this:

But here’s a key point: this is but one example of where I’ve looked at the future of risk.

Over the years, I’ve done numerous talks that have examined the concept of the “future of risk from a variety of different perspectives:

  • I led a session for a major global construction/infrastructure company that took a look at new risk issues with such things as smart highways, self-driving cars and other issue, and the risks that unfold in this new era
  • I did a talk for Towers Perrin way on accelerating insurance risk, and a similar talk for the Property and Casualty Insurers Association of America
  • I took a look at emerging healthcare risks as the headliner for the American Society for Healthcare Risk Management
  • I was the opening keynote for a customer event for FMGlobal, a leading underwriter of insurance risk in the commercial real estate space. My talk took a look at a broad range of trends that will impact the future structure of buildings, architecture, manufacturing facilities and more – and of course, the new risk unfolding!
  • I even opened the National Firefighter Apparatus Manufacturing Association annual event, which took a look at the rapid emergence of new fire risk, and how we need to plan for that in the design process of future firetrucks. Read more here!

There have been a lot more, too numerous to mention. Gosh, I even wrote an article in 2004 entitled “The Future of Risk”!

One more thing: I love Baker McKenzie, because they are an organization that walks the talk.

As a legal firm, their entire essence and core of being is to a degree, around the issue of risk. How to manage it, guard against it, follow up on it, mitigate it, and litigate it when it goes wrong. With that, what a pleasant surprise to discover that they had a fairly significant social media team — at both events. They blog, tweet, and share insight about the firm, what it is doing and what it is seeing. They obviously have to this very carefully in the context of managing the risk of the message — you live in a unique world in a professional services firm.

The fact that Baker McKenzie does this in such a substantial way blows me away. I’ve never met a professional services firm – and I’ve been booked by virtually all fo the major global ones over the last 25 years — that has such an open mindset to aligning to this fast new world.

Bottom line! Think now about the context of risk — in a world in which the future belongs to those who are fast!

 



You asked, we listened. I’ve got one client in 2018 who is bringing me in to demystify what is quickly becoming one of the most disruptive issues today.

Cryptocurrency, Blockchain, Bitcoin and the End of Money: Understanding The Ultimate Disruption”

In as little as ten years, the very concept of money will have been forever changed. And the fact is, it’s happening now in real time. But it isn’t just money that is being disrupted: the blockchain concept promises to unleash a wave of innovation that parallels and exceeds the impact that came with the arrival of the Internet economy.

Making sense of the trends and the reality of what it represents can be a challenge. A new vocabulary has emerged that involves radical new concepts, the decentralization of authority, and rapid hyper-innovation : blockchain, Ethereum, ASIC and currency miners, hard forks and smart contracts! At the same time, headlines speak of the ongoing rise in the value of grandfather of all crypto-currencies, Bitcoin, while other news outlets and experts label it a bubble.  Merely interpreting all of the components of this new world can be a fascinating journey.

Yet the voyage becomes even more challenging when faced with opinions that are all over the map. What does it meaan when when Jamie Dymon, the head of  JPMorgan Chase calls Bitcoin a fraud and the people who buy it “stupid,” and yet at the same time, the head of the IMF says that Bitcoin could give existing currencies and monetary policy a run for their money? When a cryptocurrency goes from a valuation of a few hundred dollars to over $10,000 in a matter of months? When 2018 will be defined by an acceleration of the acceptance of distributed ledger concepts at the same time that a horde of fraud artists invade this fascinating new world? When some countries state they will abandon long held concepts of a national currency in favour of digital cash?

But wait, there’s more! The impact doesn’t stop with the arrival of the first wave of concetps as found in ‘money’ such as Bitcoin. What is emerging is the infrastructure and a foundation for the next economy: one that is reliant on distributed, digital trust, the elimination of the middleman from many business interactions, and fundamental, disruptive concepts that run up against most of the economic models of the last 100 years. These are challenging times, and difficult questions are being presented.

What does this complex new world mean to your business and your business model? Is it a fraud, or is it a bubble? What’s real, and what’s not? Are we in the midst of the latest Tulip and dot.com phrase, or is there substantial change underway?

In this keynote, futurist and technology expert Jim Carroll peels away the layers of the world of cryptocurrency, outlining the challenges and opportnities that come with the end of the concept of money as we know it. These are truly transformative times – for the realty of blockchain goes far beyond the current hype surrounding Bitcoin. The concept of distributed ledgers will change entire industries, challenge the very nature of the legal concept of offer and acceptance, and unleash a torrent of hyper-innovation around business models.



I just wrote this one up for the brochure copy for an upcoming 2018 event.

The issue of Amazon isn’t just about retail — it is about any industry with a middleman. Insurance, wealth management, finance, medical or dental care, home services and renovations. You name it. And the big question is – what are you going to do about it?

Disrupting Amazon : Accelerating Strategies for Success in the Era of Industry Transformation

Amazon is the elephant in every industry room. They will challenge and disrupt your business model, and shake your belief in the future to the core.

Why not change that before it changes you? Don’t wait for Amazon to disrupt you – disrupt yourself and disrupt Amazon first! As we witness the Amazonification of industries, deep insight into this massive-but-cheetah-like-elephant is critical, a fast strategy is required.

Futurist Jim Carroll has a key message: Don’t compete — transform! When Amazonian scale disruption occurs, you can’t hope to complete on price, the sophistication of the online interaction, or the other areas in which Amazon (and similar disruptors) clearly excel. You need a different proposition, different ideas and a different strategy. In many cases, this will come about through an implicit decision to compete based on the unique value you can bring to the relationship – service, support, personal interaction and other factors. In doing so, you specifically choose to not compete based on a race to the bottom and price.

Futurist Jim Carroll has headlined ‘Amazonificaiton strategies’ at a wide variety of corporate leadership meetings and association events in the medical, dental and veterinary industries; in the global optometric industry; in the agricultural dealer market, in the home renovation sector, and many more. He has provided deep insight on the transformative strategies and mindset that needs to be pursued.

The acceleration of disintermediation via Amazon is a cruel reality of our modern day world. Think about the business model of a a group of agricultural dealers who sell products to farmers. The simplistic view is that they buy products from the manufacturer, and then sell them to the farmer, with an obvious markup in price. Amazon could do this (and will) with a more sophisticated online system, and avoid the cost of the markup, thereby offering a lower cost alternative. How to compete? Become an invaluable partner to the farmer in terms of advice, expertise and personal support for new initiatives, products and ideas.

In the era of Amazon, you can’t hope to compete on price — because you will watch your business disappear! Futurist and innovation expert Jim Carroll outlines the key trends, strategies and opportunities to be pursued in the ear of Amazonian acceleration!



 

We will see more change in every industry in the next 10 years than we have seen in the last 100 as transformation and disruption sweeps the world.

Every company is faced with the rapid emergence of new competitors, significant new business models, more challenging consumers, the acceleration of science a race to the pricing bottom, and a transition to the speed of innovation that will define their future. How do you get ahead? By turning on your innovation engine, firing your creativity thrusters, and strapping in for a rocket ride into your faster future.

In this keynote, futurist and innovation expert Jim Carroll shares the insight that he has gained by spending the last 25 years with a relentless focus on what turns organizations into high-velocity innovation heroes. None other than NASA has invited Jim in – twice – to share his insight on innovation strategies.

Innovative organization accelerate their creativity by turning their innovation engines upside down, focusing on customer oriented innovation and other unique models. They excel at sourcing ideas from the outside, turning that unique insight into fuel for their internal innovation factories. They challenge themselves on speed by getting into an iterative process of constantly rethinking, adjusting and redoing in order to discover the next best thing. They challenge themselves on business cycles, time to market and more.

In accelerated organizations, partnership is a key focus, collaboration is critical, agility is oxygen and imagination is relentlesss.

Launch yourself into the faster future with this unique, high energy keynote for global futurist, trends & innovation expert Jim Carroll!

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My Newest Book: Think Big, Start Small, Scale Fast!
December 4th, 2017, by Jim Carroll

For just over a year, I’ve started every workday morning with a cup of coffee, my laptop, and a photo from one of the stages on which I’ve appeared.

I’m thrilled to say that magically, this little bit of morning mediation has now turned into my next book!

Here’s the backstory – each morning, I find a photo from one of the countless stages on which I’ve appeared, where I’ve been busy talking about the future and trends. I spend some time, while sipping my coffee, thinking about the story that I was telling on stage for that particular photo. I wrap that story into an inspirational quote, work it into the photo, and release it into the world.

The reaction has been pretty remarkable – it seems to be touching people! When released, the quote goes up on Instagram, and is automatically blasted out to Twitter, Facebook, Flickr, Pinterest, LinkedIn, and more. I figure that about now, the daily photo reaches about 50,000 people each day.

Those quotes have now morphed into my next book – an active work in progress – #38! I anticipate a release in the 2nd quarter of 2018. The working title? “Think Big, Start Small, Scale Fast: Stories from the Stage on Innovation, Disruption and the Accelerating Future.”

The books goes behind the scenes on many of these photos — which really are my observations that people have on hope, fear, the future and change. As a futurist and a speaker, you are in a really unique situation to observe how people choose to cope with what comes next. Some do – many don’t. There are powerful lessons to be learned from how people react to the future, and how they deal with change.

It’s been almost 5 years since I’ve released a book, and I am tremendously exited to be working on this one. What seems to be coming together is 25 years of insight from having the ability to share my thoughts on the future, trends, disruption and acceleration with over 2 million people from the stage.

Stay tuned!

Oh, if you want to see the quotes behind the book, take a look. And hit the links over on the right to follow me on various social networks and to see each new quote early every workday morning. Get inspired!

 

Powered by flickr embed.

 



In more industries than you think, Amazon is the elephant in the room. My experience has taught me that in every single industry, regardless of what you do and what you sell, you are or will soon be faced with a situation in which they will challenge your business model, and shake your belief in the future to the core.

Why not change that before it changes you?

What do you do as this situation comes about? Don’t wait for Amazon to disrupt you – disrupt yourself and disrupt Amazon first!

This particular photo is from an event with several hundred insurance brokers. Might Amazon disrupt the world of insurance? It’s certainly possible -the phrase used for this type of disruption carries the fancy term “disintermediation” – it simply means that that the middleman is cut out of a business relationship.

Let’s coin a new phrase for what is happening — the Amazonification of industries.

The fact is, Amazon (and other companies with the same strategy as Amazon) isn’t just changing the world of retail — its’ changing and challenging virtually every type of business that involves a middleman.

In the last few years I’ve been called into an increasing number of events where this is the new reality going forward — with clients seeking insight on what they should do when their business model is under threat. In quite a few of these events, I’m asked to address the ‘elephant in the room’, which is Amazon.

My key message? Don’t compete — transform!

When Amazonian scale disruption occurs, you can’t hope to complete on price, the sophistication of the online interaction, or the other areas in which Amazon (and similar disruptors) clearly excel. You need a different proposition, different ideas and a different strategy.

In many cases, this will come about through an implicit decision to compete based on the unique value you can bring to the relationship – service, support, person interaction and other factors. In doing so, you specifically choose to not compete based on a race to the bottom and price.

The examples of the challenge are manyfold. I was invited in to speak at the quarterly leadership meeting of a company that is one of the leaders in the medical supplies marketplace. Clearly, a good chunk of their business could be subjected to risk as Amazon gets into their line of business.

How do they survive? Not by trying to offer a better price, but by working to ensure that their sales and professional representatives are working harder top provide greater value ion then service relationship they have with their clients,.

Similarly, I’m speaking to a group fo agricultural dealers who sell products to farmers. The simplistic view is that they buy products from the manufacturer, and then sell them to the farmer, with an obvious markup in price. Amazon could do this (and will) with a more sophisticated online system, and avoid the cost of the markup, thereby offering a lower cost alternative. How to compete? Become an invaluable partner to the farmer in terms of advice, expertise and personal support for new initiatives, products and ideas. Don’t hope to compete on price — because you will watch your business disappear!

It’s evening happening with optometrists — with a recent video clip where I’m on stage talking about what eye-doctors need to do when patients are focused more on price. In that case, focus on service!

The “Amazonification of industries” can get even more complex than that, when Amazon decides to offer a service element too! This is coming about quickly in the home repair industry — buy a door or window on Amazon, and they’ll line you up with a contractor that will do the installation for you. How can you complete if you are an established home contractor with a successful operation? It’s not an easy question, but is a reality that you might need to address!



Video: When the World Gets Flat, Put a Ripple in It!
November 22nd, 2017, by Jim Carroll

Too many companies and professions, when faced with disruption and change, fall into the vicious trap of competing on price.

In this video from a recent keynote, I speak about the mindset and strategies to avoid this vicious hell – by elevating your role and services, in this case by speaking to a group of optometrists!

The Evolution of Optometry from jimcarroll on Vimeo.



What does a global futurist do? Assist clients in understanding the key trends which are impacting their industry, and sharing insight on a pathway forward!

Companies that book speakers know that there are a lot of them out there that will deliver canned talks that, while they might be inspiring, don’t really offer much in the way of substance. I’ve developed a global reputation for being spectacularly different, with highly customized talks based on original research that go into the key issues of today and trends of tomorrow. You don’t get to have clients such as NASA, Disney, Johnson & Johnson, Nikon and over a thousand more without offering depth of insight. Watch my video, “Why Jim Carroll“, to understand why these and hundreds of other clients have booked me.

I do much of my work on big fascinating stages at big events such as seen below – but I also share my insight at small meetings with Board of Directors meetings or in senior CEO led sessions, with as few as 20, 50 or 100 people in the room. Whatever the case may be, my job is to take people into the future, and guide them on how to best get there!

With that in mind, here are some of the highlights of my 2nd half of the year of 2017.

Nikon 100th Anniversary Celebration, Tokyo, Japan

This was certainly a treat – they invited me in to headline a dinner with my observations on the future! I opened with a story on when NASA invited me in (twice!) for a talk on the disruption of the space industry, transformative leadership and fast paced trends. My audience consisted of people from 37 countries, with simultaneous translation into Japanese and Chinese. You don’t get to be a company with a 100 year history without constant, relentless innovation and reinvention, and so it was an honour to be invited in to headline this prestigious event.

Disruption: Self-Driving Cars and the Sharing Economy, Mercedes Benz, Detroit, Michigan

Obviously, this is a HOT topic, and being invited in by one of the pre-eminent automative companies in the world to share my thoughts on these trends is certainly a career highlight! 2017 was characterized by an increased number of organizations looking for in depth insight to the massive disruption occurring in the industry – I spoke at automotive, trucking, hi-tech, finance and insurance conferences about the impact of self-driving, autonomous vehicles. Simply check out some of the posts in the automotive trends section of my blog – it’s over there on the right — for some insight into why companies like this are choosing to bring me in.

The Acceleration of Risk in the Era of Disruption, Baker McKenzie client conferences, Dallas and Chicago

It’s pretty cool when the top-ranked global legal firm — operating in 38 countries with 13,000+ legal staff — picks you to come in and speak to their most important clients about the future — and the unique legal issues that the future brings. That’s what Baker McKenzie did! The audience was pretty spectacular – key corporate legal counsel for a vast number of global Fortune 500 companies, individuals responsible for managing the accelerating complex legal issues of our time. My keynote took a look at fast new risks involving intellectual property, the Internet of Things, new careers, accelerated product innovation and so much more. I’m busy working on a blog post on my thoughts – stay tuned!

Manufacturing Trends and Disruption, Legrand, Connecticut

It was a busy year for keynotes in the manufacturing space! This talk was for Legrands North American leadership meeting, where the CEO and his team fine tune strategies and plans for the coming year. They’re big in the global tech industry, manufacturing a wide variety of component parts and cabling. My talk took a look at key trends providing opportunity in the manufacturing process, including the factory of the future, the Internet of Things, digitization, 3D printing, accelerated supply chains and much more.

Future of food, agriculture, retail and consumer behaviour, Simplot, Phoenix, Arizona

This agricultural company is the largest global supplier of French fries to McDonalds and other food companies, as well as being very active in other aspects of the industry. This was a team leadership meeting as well, with individuals from throughout the organization – marketing, product development, legal, finance and accounting, supply chain and more. They invited me in to speak to over 400 executives about key trends that will impact them in the future, including the accelerated pace of agricultural science, changing consumer behaviour, faster marketing and brand challenges, and other similar topics.


 

Future of energy – renewables, batteries and more, SAP Utilities conference, California

You have to love it when a client invites you back – and in this case, SAP was bringing me back in for about the 20th time since they first booked me in 2003! This conference had about 500 executives from the energy utility industry in the room, with a focus on future energy, water and wastewater trends. I delivered a barnburner of a speech in the morning for a small group of senior executives, and a repeat performance later in the afternoon for the entire group, with a focus on the massive, disruptive change occurring in the energy space, including issues around grid party, micro-grids and intelligent grids, the acceleration of renewable generation methodologies, battery storage technologies and more.

Future of customer interaction, SOMOS, Chicago, Illinois

This is a new group — 3 years old — that represents the 1-800 toll free service industry, and the invited me in for a keynote on trends and issues impacting consumer behaviour. I spoke to issues around mobile, increased and accelerated expectations for customer support, and how the Amazon effect is coming to affect the latter, to name just a few issues!

Retail and consumer behaviour, XCelerate 2017, Las Vegas

This event draws the CIO’s and strategy executives for a vast number of the largest grocery and consumer product retailers from across North America. There was one big word in the room – Amazon! My keynote examined the types of retail trends that the national media (such as Time Magazine) turns to me for, including faster supply chains, collapsing product lifecycles, the new consumer and brand influencers, intelligent and active packaging and more. This was one of many retail events this year — the highlight being when Godiva Chocolates brought me in (twice!) earlier this year for a similar talk.

Disruption and innovation, McKay CEO Forum, Vancouver, Canada

Imagine a room full of 300 CEO’s and senior executives, and you get the McKay CEO Forum, one of the pre-eminent senior level events in Western Canada. I did a wide ranging talk on the theme of disruption and industry transformation, putting into perspective the stark trends that are impacting and reshaping every industry at a furious pace.

Quintiq World Tour 2017, Philadelphia, Pennsylvania

This is a company that builds a software platform that helps companies to manage complex supply chains and workforces, and my keynote focused on why the need for ‘managing complexity’ is becoming critical in the context of faster trends. If the world gets faster, it gets more complex. The winners will be those who can manage that complexity!

 

CPAmerica, Washington, DC

An accounting and professional services firm! My keynote took a look at the disruptive trends which are and will continue to change their client base, and the unique financial, legal, risk and partnership issues that this might present them going forward. It was a talk that took a look at the future of professional services in the era of fast paced change!

Fin-tech and disruption, Finastra annual user group meeting, Orlando, Florida

This company is a software vendor to the community bank and credit union industry – and naturally, that’s what I zoned in on. With a little bit of the Jetsons to boot! (While all of my talks are highly customize to the audience and issues at hand, I also have 25 years of stage craft experience, and know how to have fun with a crowd!. In these days of mobile device obsessions, you need to know how to work an audience and engage them.)

Manufacturing Trends and Disruption, AssaBloy, Connecticut

Another CEO led leadership meeting, in this case for this company which is one of the world’s leading manufactures and suppliers of door and window locks — everything from simple deadbolt assembly to complex chip based hotel door locking devices. Globally, a wide variety of manufacturing organizations are finding that I’m THE guy to inspire them to think about Manufacturing 2.0, the Factory of the Future, and how to get there.

Future of food and consumer behaviour, Dallas, Texas

The National Automatic Merchandising Association CEO saw me at an event, and told me she immediately determined that I should come in and headline one of their events — in this case, their annual Coffee, Tea & Water conference. Fast changing consumer behaviour, the rapid evolution of taste trends and brands, the impact of social media, intelligent packaging, the Internet of Things and more!

Future of the global economy, Oklahoma City Chamber of Commerce, Oklahoma, OK

Over 700 local executives from throughout the city attended the event that I headlined, with a keynote that took a look at over 20 trends which are providing opportunity in the global economy. While much of the US is on the ropes with the never-ending political soap opera, senior executives are also eager to understand where the global economy is really head. OKC picked me to do this job, and the reports coming in are that they are thrilled with the job that I did!

Economic development trends and the future of manufacturing, International Asset Management Council, Richmond, Virginia

The International Asset Management Council is an organization relentlessly focused on economic trends, and represent two distinct groups – economic development representatives from government organizations, including states, provinces and cities, as well as individuals in many Fortune 1000 organizations responsible for future site locations for manufacturing plants, R&D facilities or other corporate locations.My talk took a look at the disruptive trends of today, and what that will mean for future economic development opportunities tomorrow.

Canadian Manufacturing and Technology Show, Toronto, Canada

This is the biggest manufacturing conference in Canada, organized by SME (previously, the Society of Manufacturing Engineers). This is the 4th time SME has had me headline an event – two other notable ones were the massive IMX show in Las Vegas, and the Big-M manufacturing conference in Detroit. 

Henry Schein, Long Island, New York

This company is one of the major players in the dental, medical and veterinary products industry, serving well over 100,000 medial professionals around the world. The senior leadership brought me in for a look at the rapid evolution of medical science, consumer and patient trends, healthcare issues — and the potential disruption that might come from Amazon and other organizations. Companies everywhere need to stay apprised of the accelerating rends which will shape and impact their industry, and this is a good example of the many internal leadership events I do for organizations. It doesn’t hurt that I’d previously done keynotes in each of these industry verticals.

Global Economic Growth Trends, Nevada Economic Development Conference, Las Vegas, Nevada

Sadly, one week before the horrific Las Vegas shootings, I spoke at the University of Nevada Las Vegas for economic development officials from across the state, on key economic opportunist beyond the tourism and gaming sector. It covered issues related to renewables and energy, self driving cars and accelerating industries, workforce and skills issues and much more

 

That’s a few of the events from the fall! Stay tuned for 2018 – it begins with some excitement, when I headline the World Government Summit in Dubai, this February. Previous speakers have included Barak Obama, Prime Minister Abe of Japan, Elon Musk and others. It should be fun! And I am thrilled to have the opportunity to make an impact.

 



Video: Disruption in the Insurance Industry
November 20th, 2017, by Jim Carroll

Disruption in the insurance industry is real – and the largest broker/agent association in the US (Texas) has booked me to come in and provide a path forward.

In January, I will keynote the 55th annual Joe Vincent Management Seminar in Austin, Texas. Watch the preview video now!



It’s always fun to watch the crystallization of a trend that you’ve been speaking about on stage for over 15 years. And that trend is what I’ve come to call ‘complexity partners.’

I recently did a keynote for Quintiq, which is a company that builds a software platform that helps companies to manage complex supply chains and workforces. And while there, I did an interview with them on why the need for ‘managing complexity’ is becoming critical in the context of faster trends.

 

It’s kind of fun, because this is a trend I’ve been speaking about for 20 years, going way back to my book, “Surviving the Information Age.” I it,  which I coined the phrase, “complexity partners,” describing in it that one of the key things organizations would need to focus on in the future was managing increasing complexity. Nailed it!

And I’ve written many posts around the issue, particularly around complex workforce issues. For example, in a blog post on 21st century capital, I wrote this:

  • complexity partnerships: in the 20th century, organizations focused on hiring the skills that they needed to get the job done. You simply can’t do that today — skills are too fragmented and too specialized. That’s why successful organizations have mastered the art of complexity supply and demand. They provide their own unique complex skills to those of their partners who need such skills. And when they are short other skills, they tap into the skills bank of their partners. By selling and buying skills with a broad partnership base, they’ve managed to become complexity partners — organizations that spend most of their time focusing on their core mission, and spend less time worrying about how they are going to do what they need to do.

It’s a big and important issue, and if you look at the client list for Quintiq, you’ll know that the trend has matured and gone supernova. Here’s a clip from the keynote! Enjoy!



Client promo videos
November 5th, 2017, by Jim Carroll

An increasing number of clients are looking for a short little video to promote their event, and I’ve been delivering. A number of sample videos are below.

You can arrange for your own – it’s easy for me to do, with only a small video production fee for my overseas video producer.

The first is for the 55th Annual Joe Vincent Management Seminar in Austin, Texas. Disruption in the insurance industry is happening fast – and in my keynote I cover the implications.

The first is for 2 client events I am doing for Baker McKenzie, one of the largest law firms in the US, in Chicago and Dallas. I did a quick video on stage before a keynote in Las Vegas.

This one was filmed in Orlando, for my keynote tomorrow for the annual Coffee, Tea & Water conference.

And finally, this one for the SAP Utilities conference was filmed while I was a little busy doing something else!

It’s easy to do this: I film the storyline, and then send it to my overseas producer, Armine Simonyan. She’s a Television LiveNews broadcasting specialist based in Russia, with an extensive experience of graphic designer skills. She’ll take my raw material and turns it into something magica! In addition to her TV news experience, she has worked on various overseas version of Deal no Deal, Dancing with The Stars and many other popular show programs.

If you are interested in one of these video clips for your event, it’s part of the process, and we simply need to talk about the storyline, key issues that I can raise in the video and other details.



Yes, I speak the language of ‘global!’
November 3rd, 2017, by Jim Carroll

A question came in from a potential client last night, and after writing a long answer, I thought it was probably a good idea to blog it and place the answer on my site!

The question was for a potential European event, and really had to do with whether I could work with an a European / international audience, be respectful in my timing, work with the translation team, work with simultaneous transition, and provide enough regional or localized content.

The answer is yes, yes, yes and yes….!

On stage in Sao Paolo for the Worldskills global conference. My audience featured individuals from 85 countries.

My mother tongue is English, and sadly, while I don’t speak any other languages (despite some 10 years of French lessons in elementary and high school!), I regularly speak on an international basis. This involves working with translators. focusing on international content, and working to keep my pace slow enough for the audience to be respectful of their needs.

Here’s the critical background on the international work that I do:

  • global audiences. I do a LOT of international work; I’ve presented in Sao Paolo, Budapest, Munich, Athens, Stuttgart, Prague, London, Paris, Brussels, Ghent, Stockholm, Zurich, Tokyo, Mexico …. and in all of these situations, have ensured that I have slowed my pace to be respectful of the audience.
  • simultaneous translation. Many of these events have featured onsite translation through headsets; the fact is, I regularly do sessions that feature simultaneous translation, and know the criticality of sharing the deck in advance with the translation team
  • advance translation planning. In some cases, I have done a Skype or Google Hangout walkthrough with the translation team of my slide deck, so that they are comfortable with the content and direction
  • a long track record with stage translation. I’m based in Canada and have been on stage for 25 years. Given that, my earlier years featured several hundred (!) events that have involved simultaneous translation (English/French) with headsets/translations. It’s just a thing in Canada!
  • sequential translation experience! My Budapest event actually featured sequential translation into Hungarian as opposed to simultaneous translation. Tthat was kind of fun, since my translator was actually on stage with me, followed me around, and even mimicked my stage actions!

There are many relevant examples of the international work I have done.

  • I just keynoted Nikon’s 100th anniversary dinner in Tokyo, with an audience from 37 countries. I provided my slide deck in advance to the translation team; I was simultaneously translated into Chinese and Japanese.
  • in January, I keynoted the first leadership meeting for Ulker; the parent company is Turkish, and the meeting represented the entities of the corporate group with the leadership team for Godiva Chocolates (Belgium), Ulker Biscuits (Turkey) and McVitie’s Biscuits (UK),  but with individuals from each of those 3 groups from around the world; a secondary booking had me with Godiva’s global supply chain team from 25 countries. Both massively global audiences.
  • Accenture had me speak at their annual energy conference in San Francisco; we had utility executives from China, Japan, Russia, Philippines, India, and 26 other countries. In that case, I was simultaneously translated into Russian, Chinese, Spanish and Japanese!
  • my keynote for the Worldskills conference in Sao Paolo featured simultaneous translation into Portuguese and Spanish.

In addition to speaking internationally, I often do Fortune 500 events that feature a leadership team from around the world. Some recent examples are global leadership meetings for Dow Chemical in Wilmington (2 events) with individuals from 57 countries; Disney (27 countries); and dozens, dozens more. So can I work with an international/European audience? Definitely yes. (Plus, when I mentioned for the Ulker group that I was Canadian, I got cheers. I think that the Canadian brand image is kind of fun right now!)

The other question that often comes up has to do with regional content, as in European specific examples/storylines. Can I customize my content so that it doesn’t include just American examples. (Well, did I mention I’m Canadian?)

It’s not the cover of the Rolling Stone, but I was once featured on the cover of CEO Magazine Hungary. The only speech where I had armed guards in the room with Uzis! But that’s another story for another time!

The answer is yes – I can easily and often do that do that. Many of the client bookings above have involved a necessity where my examples include global, not North American centric examples.I am regularly booked and work with content that is specific to the folks in the room. And so my Godiva Chocolate supply chain event included retail trends from Asia, India, the Middle East. My Dow Chemical talk took a look at global trends with examples for many of the different groups in the room.

The fact is, I do *extensive* research as a part of my talk, and regionalization is part of what I bring to the table if we need to do that with the content.

I work hard to alleviate the concerns of any clients who book me, and this includes translation and internationalization.

So – pick up the phone and call me. Let’s chat!



Video: “It’s All About the Batteries”
November 2nd, 2017, by Jim Carroll

I was recently invited in to keynote the annual SAP Utilities conference in Southern California, and had a room of a few hundred executives from the energy, utility, water and wastewater sector.

Here’s a clip where I spoke about the acceleration of everything having to do with battery technology. I think its one of the most fascinating yet not fully appreciated sectors in our world of disruption – with an impact on everything from energy to transportation, consumer devices to medical care, and more.

Learn more in my post: The Future of Just About Everything is in Batteries.



You know you are doing something right when an organization brings you back for the 3rd time!

The International Asset Management Council is an organization relentlessly focused on economic trends, and represent two distinct groups – economic development representatives from government organizations, including states, provinces and cities, as well as individuals in many Fortune 1000 organizations responsible for future site locations for manufacturing plants, R&D facilities or other corporate locations. The content of my talk? Look at this picture. Now read this post.

IAMC had me in for a keynote in 2003 to put into perspective how the Internet and technology would continue to change the global economy, and again in 2010 to paint a picture as to why we would continue to see massive economic growth after the economic downturn of 2008. My predictions in both keynotes were bang on.

Fast forward to 2017: they just had me in to open their fall 2017 economic outlook conference in Richmond, Virginia, with a keynote focused on the trends that are providing for future opportunity in the manufacturing sector. That was easy for me to do – I’ve done dozens of keynotes in the world of manufacturing sector over the last decade, both for manufacturing associations as well as Fortune 500 companies.

The undercurrent of my talk, though, in putting manufacturing trends into perspective, was the broader theme : we live in a transformational period of time, in which people and organizations are making big bold decisions related to major trends, in order to discover and establish success in the next economic wave. Obviously, folks like Elon Must.

So what should someone in economic development do to discover the next wave of economic opportunity? Here’s a good list to start thinking about the question!

  1. Align to tectonic shifts – While there is only one Tesla Motors and Gigafactory, and but one Elon Musk, there are many other new companies and people reinventing our world. There are a massive number of new disruptive trends (such as detailed in my blog post, Disruption: There’s More to It Than You Think There Is! Each of these trends which can provide for big economic opportunity, massive industry shift, and the establishment of new companies. Watch those disruptive trends, and understand where future growth with occur.
  2. Be relentlessly positive.The trends defining the future are around us now, and are defining future economic growth! Over my 25 years as a futurist, I’ve been through several economic downturns, but have always preached that real opportunities are found in trends: science, technology, knowledge and transformation. When the next inevitable downturn hits (we’ve been on a great 8 year run since 2008), make sure you keep your thinking aligned to future opportunities.
  3. Think trends, not fads.  It’s all too easy for those in economic development areas to focus on the fad of the day: think, for example, of the hysteria around the recent Amazon 2HQ beauty contest. While you probably need to chase opportunities like this, don’t let it make you forget out about other trends that are charging the future forward.
  4. Challenge assumptions on speed. The future is happening faster than you think! Consider, for example, how quickly self driving cars are coming about, and the rush to electric vehicles. Both have profound economic development implications, such as what I suggest in this post, Self-driving Cars and Economic Success. Challenge yourself on velocity: be prepared to accelerate your efforts.
  5. Align to fast science. All trends are based, at their heart, on the result of scientific discovery. Think about the fast pace of evolution of battery technology, and how Nevada hit a home run with the placement of the Gigafactory in Reno. Here’s the thing: batteries are the new plastic, and there is going to be a lot of economic growth, investment and new industry established around this one single aspect of our world of science. 
  6.  Know when to jump. When should a community align to a trend? In the IT world, many of us rely on something called the Gartner HypeCycle. It’s a useful tool to understand when any particular trend might become real and hav major impact. Make the hype-cycle part of your overall process — jump in any get involved with any trend in order to understand
  7. Focus on ‘smart’. There’s a lot of hype about smart cities and the future, and some of it might be overplayed. But clearly, organizations in the future will choose to place facilities in locations that have smart infrastructure, smart highways, fast bandwidth, and all the other attributes of being at the forefront of trends.
  8. Don’t be dumb. I can’t think of a dumber economic initiative than the money that Wisconsin is putting behind the Foxconn plant. Expect to wake up in 5 years to headlines as to how idiotic the structure of the deal was. Don’t jump on board fake trends.
  9. Don’t be afraid to fail. Having said that, be prepared to make some mistakes along the way. Nevada put a lot of money into an initiative by Faraday involving an electric car factory that appears to have failed. Is that a bad thing? Not necessarily so, since when it comes to aligning to the future — you win some, and you lose some.
  10. Be like Fiji. Fiji doesn’t have a potato industry, but no matter. They’ll build one. For a great economic development attitude, read this post.
  11. Think skills. Focus on the new job categories that are emerging. For example, in the world of agriculture, we are seeing the emergence of all kinds of new careers, such as vertical farming infrastructure managers, drone helicopter insurance crop risk managers, robotic herd health monitors and cattle ranch drone herder infrastructure managers! Go into any industry, and watch the new careers coming about – and then think about the economic development implications that might come from that.
  12. Go global for ideas. Think big trends. Vertical farming mentioned above? Already there are 800 million ‘city-farmers’ according to UN statistics – including 25% of population of Burkina Faso, 35% in Cameroon, 63% in Kenya, 68% in Tanzania. Fast fact: 90% of the fresh vegetables in Accra, Ghana come from farming within the city. So vertical farming is a major trend, and has implications for your local economy. Assess what it might mean in terms of opportunity, infrastructure, new companies….
  13. Get distributed. Make sure your infrastructure is aligned to the new decentralization. Consider local renewable energy generation, or “distributed energy resources.” It’s growing 3-5x faster than centralized energy — one California utility estimates investments in DER in solar and micro-grid is now growing faster than its own main new-energy & basic grid investment. Distribution is happening in every industry, resulting in fascinating new companies establishing wonderful new companies based on concepts that didn’t exist just a few years ago.
  14. Watch for clues. We live in the era of the ‘grand challenge” — initiative such as the XPrize Foundation, which challenge the global scientific community to solve some of the biggest problems of our time having to do with energy, healthcare, the environment, transpiration. The XPrize led to SpaceX; the Darpa challenge led to the emergence of the self-driving car trend. Other challenges are leading to the birth of other new billion dollar industries.
  15. Ignore those who are playing defence. Doomed business models fight losing battles to try to protect their future, and most often, fail. That’s happening right with automotive dealer associations as they try to protect a dying business model in the face of rapidly changing consumer behaviour, and upstarts like Tesla who dare to do something different with automotive stores in shopping malls. The same holds true for record companies in their battle against Mp3 music — we now live in a music streaming world. Place your bets on the disruptors, not the disrupted.
  16. Align to the bold changes. For example, take a look at how Saudi oil giant Aramco is realigning its business to petrochemicals and away from oil. That parallels other big shifts — from carbon cars to electric vehicles; from coal to renewables; from car-buying to car-sharing. Better to align yourself to those who are making big bold moves as opposed to those who are stuck in the status quo.
  17. Look for exponential trends. WE sequenced 1/10000th fo the human genome in 1990, and 2/10000 in 1991. It was only 1% by 2007 – but 7 years later, it was done. That’s exponential math: 1% is only 7 doublings away from 100%. The same type of trend is driving solar : we are at 2% solar today, but 2% is only 6-doublings away from 100%. We’re doubling solar capacity every 2 years, and so that leaves only 12 years to 100%. Understand exponential industries, and you’ll understand economic growth.
  18. Be like the Jetsons, not the Flintstones. Coal isn’t the future. Get over it.
  19. Think long term. Just like investing. Creativity doesn’t care about economic downturns. Those who invent the future will keep doing so despite any economic uncertainty. Have a long term economic success plan, and stick with it through the ups and downs.
  20. Think global. Look at the picture below which I put up on day as part of my daily motivational posting. Simply put. America isn’t everything.

But wait, there’s more!

    21. Hire me! Seriously. If you want to discover the future of economic opportunity, bring in a futurist like me. We’ll share with you what comes next, infuse you with our optimism, and show you a path forward.



Disruption is real, it’s big, and it’s happening faster than you think. My job as a futurist has me doing an increasing number of CEO level events for Fortune 500 companies around the world, participating in leadership meetings which are focused on the massive transformations and disruption occurring in every single industry. Clients such as NASA, Disney, Godiva, Nikon, Mercedes Benz, Johnson & Johnson, and many more.

There is so much coming together all at once, and it accelerates everything. You might not understand the multiple trends that are coming together, so let me take you there.

Here’s what you need to think about today, as the pace of change picks up:

1. Multiple trends merge. There’s a lot going on! Individually, any trend is disruptive. Combine them together, and it’s transformative. 3D printing, exponentiating bandwidth, hyper-connectivity, the Internet of Things, artificial intelligence, robotics, neural networks, deep analytics, autonomous vehicles, Bitcoin and blockchain, self-learning systems. All of these trends and more are merging together,  leading to a massively new, connected, intelligent machine that will transform, change, challenge and disrupt every industry.

2 Every company becomes a software company. From healthcare to insurance, home appliances to automotive, manufacturing to packaging, retail to sports & fitness, energy to agriculture: every industry is seeing massive change as it becomes enabled, challenged and transformed by technology and connectivity. From precision agriculture to self-driving cars, smart clothing to connected microwaves, remote medical monitoring devices to active packaging  — every company in every industry is becoming a computer company, with software and technology at its heart and soul.

3. Moore’s law innovation speed defines every industry. 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 that speed of change is coming to drive the speed of innovation in every single industry as we all become tech companies. Companies are having to innovate and transform at a pace never seen before.
Click here to Read More

4. Science exponentiates. The volume of medical knowledge is doubling every six years, and the number is going down. The cost for genomic sequencing is following an exponential downward curve. Battery technology innovation is moving forward at a furious pace with new methodologies, ideas and more coming to market. One single new chemical substance allowed Apple to miniaturize the hard drive for the original iPod, which led to the birth of a billion dollar industry. Science is the heart of the future, and the future is happening faster!

5. Edge thinking dominates. Crowdfunding networks allow for a world in which small upstarts don’t need to follow long-established ‘rules’ for changing the future. To move faster, they source ideas and inspiration through crowd-thinking, raise their funds through new forms of financing, and prototype products through 3D printing and other fast-to-market methodologies. Global R&D has moved from massive labs to globally dispersed idea factories.

6. Small beats big. Legacy is death: agility and speed are the new metrics for success. Big organizations are often encumbered by history and are suffering from the disease of  organizational sclerosis. New, aggressive upstarts can move faster, with the result that they can make decisions that provide for big disruption and challenge.

7. Ideas accelerate. With the Internet, we have essentially built a big, global idea machine, and fast innovators know how to mine its riches. In every field, the pace of innovation and discovery is speeding up to an unprecedented level. What use to seem like science fiction just a few years ago is todays’ reality.

8. Revenue reinvents – regularly. With fast ideas comes faster innovation : 60% of Apple’s revenue comes from products that didn’t exist 4 years ago. That’s a blistering pace of innovation. Expect that to become the norm in most industries as the future accelerates, product lifecycles collapse, and disruption disrupts.

9. Attention spans collapse. All of this fast change is difficult to comprehend, and so we have become scattershot! We now scan some 12 feet of shelf space per second – a goldfish has a longer attention span than a human. We need to have constant, relentless innovation in terms of marketing, branding and consumer outreach, not to mention what we need to do to engage our workforce!

10. New interaction dominates. Mobile is everything; we live on our devices. It influences everything we do, all that we decide, and much of how we interact with each other. The next phase will involve smart, connected packaging talking to our devices, and a new era of hyper-connectivity that will make todays’ early attempts at mobile marketing seem like child’s play.

11. Business models realign. The Internet of Things (#IoT) doesn’t just result in cool new products – it redefines entire revenue models. The era of predictive diagnostics allows for a future in which appliance or automotive manufacturers can now design products that will tell you when they are about to break down. This changes the essence of the product from a physical device that is sold to the sale of a service with uptime guarantee revenue models.

12. Distributed technologies redefine. When everything connects, power disperses. Micro-grids will change the utility industry as backyard wind, solar and other renewables result in little, local neighbourhood micro-grids. Cars that talk to each other and to sensors in the highway result in a new concept of transportation. Everywhere you look, distributed connected technologies are redefining concepts and turning industries upside down.

13. Money disappears. Sometimes distributed technology have a bigger impact than you think – as is the case with blockchain, which essentially redefines money. Central banks are out, and distributed ledgers are in. Ethereum goes one step further than Bitcoin, by embedding the historical contract concept of an offer and acceptance into the very essence of money. It’s intelligent money, and we still don’t know how quickly this will change everything.

14. Flexibility emerges. Given all this change, companies are focused on agility in order to get ahead. At a manufacturing plant in Graz, Austria, Magna has built the ultimate in flexible assembly lines, with the ability to build different cars from different companies on one assembly line. Elsewhere, companies are busy moving the software concept of agile development into the boardroom, adopting it as a key leadership trait. The ability to change fast is now the oxygen that fuels success.

15. Gamers Game. 25,000 people showed up to watch 4 gamers play a video game tournament in the Los Angeles Staples Centre – and 43 million tuned in worldwide via Twitch, the hottest new social platform on the planet. They’re coming into the workplace, and live in a world that involves a constant need to ‘level-up.’ Nothing will ever be the same as new forms of motivation and reward come to drive everything – and in this world, Xbox-type rooms are the new office!

16. Virtualization arrives. AR and VR are here, and the era of virtual welding is not too far off – and any other skill can be undertaken anywhere, at any time. An example is the forthcoming disruption of trucking, which will happen when a driver in India can navigate a truck through the streets of New York through a virtual headset! Outsourcing of skills is one thing – outsourcing of physical work is a whole new level altogether!

17. Infrastructure risk exponentiates. One word – Equifax. We are busy building a big, elaborate machine in the form of massive connectivity and accelerated information, but don’t quite know how to secure it. The TV show South Park had a character do a shoutout to in-home Amazon Echo and Google Home devices — and exposed a new security risk that no one ever thought about. Expect things to get better much worse before it gets better!

18. Insight influences. Big data and analytics might be overused buzzwords, but not to everyone. We live in a new world of Amazonian insight, where those who have the tools and knowledge to understand what is is really going on are the ones to get ahead. Depth of insight drives disruption – actuaries are moving from a world of looking back to one fo looking forward based on real time medical device connectivity. Car insurance is no longer based on past driving performance, but real time behaviour based on GPS. Even the world of health care is moving from a a world in which we fix you after you are sick – to knowing what you will be sick with based upon your genetic profile, and acting accordingly.

19. Expectations accelerate. If your Web site sucks, so do you. In our new world, people want the simplicity of a Google query via a touch screen device. Gone are the days of complex online forms — in are applications that are instantly aware of who you are and what you want. The bar of expectations is increasing at a furious pace, and if you can’t keep up, you can’t compete!

20. Industries virtualize. No one company can do everything that needs to be done in an era of fast change. In retail, all kinds of new partners are emerging to support last mile shipping, drop shipping capability, drone delivery and more. In finance, there are more types fo Fintech startups than there are world currencies, helping banks to navigate the complex new world of cryptocurrencies and more.

21. Knowledge accelerates. Skills access is the new gold. Did you notice Ford paid $1 billion to get access to some experts in self-driving car technology? Enough said. Those who can access the skills in trend #1 above win. We’re in a global war for niche talent, and that pretty much defines a critical strategy for the future. If it is all about skills, then success involves a strategy in which grabbing them fast is the only path forward.

22. Experience is the new capital. Innovation is the new oxygen. There’s no time to learn, to study, to plan. It’s time to figure out what you don’t know, and do the things that are necessary to begin to know about it. Experiential capital is the new capital for the 21st century.

23. Generations transform. 1 out of 2 people on the planet are under the age of 25. They’re globally wired, entrepreneurial, collaborative, change oriented — and they are now now driving rapid business model change, and industry transformation, as they move into executive positions

24. Big, bold thinking predominates. There are people who grab all of these trends and do “big things.” We are seeing the emergence of an entire world of big dreamers and doers, individuals who dare to challenge the orthodox, and abandon routines. The concept of the ‘moonshot’ is no longer restricted to those with deep pockets — but is oxygen for those with big ideas.

25. Action is the best reaction. Put it all together, and what odes it mean? If you don’t disrupt, you will be disrupted. It’s your ability to quickly act, react and do that will allow for future success. There’s not a lot of time for debate, studying; inertia is abhorred. Simply DO. That should be you.

Remember that song by the Who? “I hope I die before I get old!”

You better change before you can’t.

You might be obsolete before you know it.

Quit talking about disruption.

Do something about it.



Video: “A Little Bit Disruptive!”
October 26th, 2017, by Jim Carroll

Here’s a clip from a recent keynote. It’s part of a talk where I cover 20 Disruptive Trends, and put into perspective why the future belongs to those who are fast! In this short clip, I cover trends involving batteries, self-driving, 3d printing, the space industry, genomics, health care knowledge, and more! Including why I can drink more coffee than other people!

I’ve got a keynote topic description coming around this, with a draft below.

Aligning Acceleration and Agility: The Business Case for Fast!

To say that we live in a fast world would be an understatement. Small, quick upstarts like Square are challenging the global credit card industry, at the same that GPS based driver monitoring devices are rewriting the rules of the auto insurance industry. The NEST Learning Thermostat morphs from a quiet startup to a worthy challenger to industrial energy device powerhouses. Autonomous vehicle technology leads us to road trains and a more rapid emergence of intelligent highway infrastructure. We’re in the era of the end of incumbency, in which small dominates big, fast trumps ponderous, and indecision spawns failure. Everywhere we look, we can see acceleration, speed, and velocity: and in times like these, time isn’t a luxury.

For any executive, these trends matter — because fast trends drive disruptive change. And disruptive change envelopes us in terms of fast trends: self-driving cars, 3d printing, crowdfunding, the sharing economy, blockchains, personal drones, swarm-bots, smart dust, vertical farms, the Internet of Things, cognitive computing, smart factories, artificial intelligence, augmented reality, quantum computing, intelligent farms, smart clothing! What seemed to be science fiction just a few short years ago has become a reality today, as time compresses and the future accelerates.

Take a voyage with Futurist Jim Carroll into the world of tomorrow, today, as he outlines the key trends, technologies, ideas and initiatives that are transforming our world around us at hypersonic speed. A world in which the speed of change impacting every company and every industry is increasingly driven by the speed of technology and Silicon Valley hyper-innovation. One that demands faster innovation, agile response, flexible strategies, and most important, the ability to ‘think big, start small, scale fast.’
For the last 25 years, Jim Carroll has been speaking to and advising some of the worlds largest organizations on the trends that will impact them. With a client list that ranges from NASA to Disney, the Swiss Innovation Forum to the National Australia Bank, Johnson and Johnson to Godiva Chocolates, Jim has had a front row seat to the massive change being encountered in industries worldwide, and deep insight into the leadership mindset of organizations as they adapt to the era of acceleration.
 In just a few short years, it will the year 2025, and the world of tomorrow will be your reality of today. Are you ready for what comes next?

 



Another article on a recent keynote I did on the future of manufacturing; in this case, from The Fabricator, the publication for the Fabricators and Manufacturers Association.

A chat with futurist Jim Carroll indicates that fabricators should be open to embracing technological possibilities or risk being left behind.

At one time you needed a room of skilled craftsmen just to make even a simple prototype. Tomorrow it might all be done by the design engineers themselves in hours instead of days because of advanced 3-D modeling software and virtual reality technology.

In helping out with some editorial preparation for The FABRICATOR’s sister magazine, Canadian Metalworking, I had the opportunity to chat with futurist Jim Carroll. (He gave the opening keynote address for the Canadian Manufacturing Technology Show on Sept. 25.) Conversations with such industry and societal observers are always interesting because they take the time to consider what may be possible in the years to come while others have their heads buried in the drudgery of everyday life. My talk with Carroll was no different, and the following three conversation highlights only promise to make those that are technology-averse even more nervous about the future.

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