Enjoy this weekly feed of inspiring, interesting and intellectual articles and news, with a focus on disruption!
The Fourth Industrial Revolution, are you ready?
A few weeks ago World Economic Forum (WEF) held their annual meeting in Davos and one of many hot topics was the Fourth Industrial Revolution. Just as steam (yes, hot water) powered much of the First Industrial Revolution, the free flow of data, many believe, will be fundamental to powering the Fourth Industrial Revolution. “There has never been a time of greater promise, or greater peril”, said Klaus Schwab, Founder and executive chairman of WEF.
Those that believe we are about to launch into a new industrial – or “smart” – revolution say that it is driven by developments that will see society simplify things, remove bottlenecks and do more with less. It will bring together previously disjointed fields such as artificial intelligence and machine learning, robotics, nanotechnology, 3D printing and genetics and biotechnology – all building on and amplifying one another.
BUT, will it be a force for good or evil? Will it provide new opportunities for all, or will it exacerbate inequalities? Five years from now, over one-third of skills (35%) that are considered important in today’s workforce will have changed. Will people, individuals, be able to adapt that fast?
A survey done by WEF on the future of software and society shows people expect artificial intelligence machines to be part of a company’s board of directors by 2026.
A lot of things are going to change in the next 5-10 years, a whole lot! Be ready!!
Amazon looking to challenge Alibaba
There’s a lot of speculation about big plans at Amazon right now. Bloomberg reported that the company is looking to start a global shipping and logistics operation to compete with Alibaba in the rapidly growing cross-border e-commerce market (expected to be a trillion dollar industry by 2020). But the rumors don’t stop at that, apparently Amazon is also looking to gear up with “Amazon Global Supply Chain” where merchants around the world will be able to buy space on shipping vehicles in what they call a “one-click-ship for seamless international trade”. Traditional delivery services like UPS and DHL better watch out!
Google’s self-driving cars are now considered legal drivers
The National Highway Traffic Safety Administration (NHTSA) is the federal agency that sets road rules in the USA. In a letter, NHTSA recently announced that they from now on support Google’s driverless system as legal drivers. Until this day, humans only have been considered as legal drivers. A true milestone for Google and the development of autonomous cars!
Don’t be afraid to charge customers, even if they’re “digital”
Remember how ‘pay walls’ were a staggeringly stupid idea? Customers would be scared off. Not if you have great content they won’t. The Financial Times now has the highest paying readership in its history!