"why do we have to change?

Answers to:“Why Do We

Have to Change?”*

* “It’s working OK the way it is.”

by Dr Janet Lapp

We are at the Tipping Point of

the 4th Industrial Revolution

1784 - Steam, water, mechanical1

You’ve pretty much mastered this one.

The 4th Industrial Revolution

The 4th Industrial Revolution 1870 - Electricity,

mass production

2Yup, this one too.


1969 - Electronics, IT, automation3

This one not so much. Some legacy

companies are still thinking of updating. Some still use paper

and pencil.


1969 - Electronics, IT, automation3

Most don’t use technology well.

P.S. The third revolution started in

1969. That’s 47 years ago. Just saying.


2016 - Cyber-Physical 4

Robotics, AI, drones and the like.

Humans still needed - but at an evolved

level.

NYSE TRADES(THOUSANDS)

1960 1975 1990 2005 2020

100K200K300K400K500K600K

Change is exponential, not

linear.

GLOBAL MERGER/AQU .(BILLIONS)

50015003000450060007500

1980 1990 2000 2010 2020

So it’s going to happen faster than we can

imagine.

US PATENTS FILED

100K200K300K400K500K600K

1960 1975 1990 2005 2020

We might not see it before we get hit with it.

490 hours a minute are uploaded to Youtube, that’s 29,400 hours per hour. Shouldn’t you feel vaguely guilty about not producing something right now?

Did I mention fast?

These used to be computer companies. Now, one is a consulting company and the other is a music, phone and healthcare company.

Healthcare? Well, Apple is currently only a $700 billion company.

The healthcare industry is valued at $3 trillion. Apple has already partnered with several large healthcare systems and wants to control patient records and health information.

They will probably end up doing just that.

Uber the world’s largest taxi company, has no vehicles.

Facebook, the world’s most popular media owner, has no content.

Alibaba the most valuable retailer, has no inventory.

Airbnb the world’s largestaccommodation provider, has no real estate.

The nature of disruption depends on your industry.

Media and entertainment? Already there.

Financial services? Next!

Denmark Norway and Sweden are almost cashless. Watch Bitcoin! B of A applied for 20 Blockchain patents early 2016. And so on.

So why is there urgency to change?

Because although the windows of

opportunity open more often …

They close much more quickly.

Without a nimble, flexible workforce who

are all on the same page, we’ll miss it.

Then what?

The end.

"why do we have to change?

Leadership & Management