By Tom Ajawara – EuroAfrica Media Network – San Francisco USA
In 1998, 170,000 employees were working in Kodak and they used to sell 85% of the world’s photo paper. In a few years, digital photography drove them out of the market. Kodak went bankrupt and nearly all of its employees were bounced, retrenched and laid off because they, along with the company, forgot to evolve. This is an inevitable future because just as we’ve been taught, Mammals cannot evolve fast enough to escape the current extinction crisis. There was no shortage in the quality of all these, yet they either went out of the market or lost heavy market share!!
Why do this happen?
For one, they did not change in time, at the right time and over time the market had found an alternative to them!!* This happens every day in all walks of life from love affairs to politics. You know that in the coming ten years, the world will change completely and 70 to 90% of the industries running today will be shut down.
Welcome to the Connected Revolution of Systems and Thinkers where we know and agree that: “There is nothing more permanent than change, CHANGE is the most permanent phenomenon in the universe…Heraclitus, the Greek philosopher, maintained that “change is the only reality in nature. We’ve all made changes in our lives, both good and bad, expected and unexpected. Relationships, circumstances, and feelings change.” “When we can longer change a situation, we’re challenged to change ourselves,” says Lifehack.
Uber is just software. Despite not having a single car of his own, it is the largest taxi company in the world. Have you ever seen a high street store called Amazon, yet Amazon is the largest retail shop in the world? Airbnb is the world’s largest hotel company, even though they do not have a hotel of their own.
There are many examples such as Paytm, Ola Cabs, and Oyo Rooms. By the way, Oyo Homes & Hotels is an Indian hotel chain. It is the world’s third-largest and fastest-growing hospitality chain of leased and franchised hotels, homes and living spaces. Presently, there is an increasing chance for fewer jobs for young lawyers in the US. This is attributed to IBM´s Watson Software which gives better Legal Advice in a fraction of a second using algorithms. In the next ten years, 90% of US lawyers will become unemployed … those who will save 10% will be Super Specialists.
In the medical front there also radical changes on the way. The software named Watson will be performing Cancer Diagnosis 4 times more accurately than humans. By 2030, computers will be more intelligent than humans: Robots will be moving around in many clinics bringing medications to patients or reminding them of their appointments and medical schedules. Those who will remain or keep up with the advancements in these fields will need to relearn and qualify to medical computer specialists. Artificial Intelligence (AI), Machine Learning (ML), and Augmented Reality (AR) are already with us today and there is no going back, you’ll make something out of nothing through 3D printing etc.
In 10 years, the electric grid will be fed with energy generated from solar, wind, trash, algae, hydrogen cell, and so on. Homes will be generating more power than they need, dependence on fossil fuel, AKA crude oil will be reduced 90%, and countries that depend on oil for revenue will see oil revenue disappear. In the next 10 years, 90% of the cars will disappear from the roads around the world… those who will survive will be either Electric Cars or Hybrid… Roads will be empty, Gasoline consumption will decrease by 90%, all Arab countries and countries dependent on oil revenue will go bankrupt.
You will get a car from a software like Uber and in a few moments a driverless car will be standing at your door … If you share it with someone, then that ride will be cheaper than your bike. Fast forward another 10 to 20 years there will be drone taxis flying all over controlled by robots using block chain technology operating on quantum computers. About 99% of our today’s accidents will be history as a result of (DM) driverless mobility. This will affect adversely the car repair and car Insurance services.
Jobs like drivers, roadside mechanics will also disappear soon. When 90% of the cars disappear from the cities, problems like Traffic and Parking will automatically disappear … because one car will be equal to 20 cars today. 5 or 10 years ago, there existed Plant Central office (PCO). Then when mobile phones, the PCOs started going out of business. Shortly thereafter, PCO employees started selling recharge cards for mobile phones. Now you can recharge online.
Have you ever noticed the fast changes going on around you? Nowadays, every third shop in the market has mobile phones. Sale, service, recharge, accessories, repair, maintenance. Now everything is done with Paytm. Now people have started booking train and airline tickets from their phones too, travel agents would have to retool… Now money transactions are also changing. Currency note was replaced by plastic money earlier and now it has become digital. ATM, PayPal, Apple Pay, Samsung pay, Venmo, Cash App etc. All these have become forms of paying and receiving money. No one carries cash anymore. In China right now most payments have gone digital.
Soon Facebook will launch its own ‘GlobalCoin’ cryptocurrency early 2020, allowing users to make digital payments in a dozen countries free without bank-services interference. The world is changing very fast. Keep the eyes and ears open or else you will be left behind. This is a permanent phenomenon which no one can run away from. It has a name: It is called “Disruptive Innovation”. Disruptive Innovation refers to a technology whose application significantly affects the way a market or industry functions. An example of modern disruptive innovation is the Internet, which significantly altered the way companies did business and which negatively impacted companies that were unwilling to adapt to it.
Then there is Disruptive Technology – Disruptive technology refers to any enhanced or completely new technology that replaces and disrupts an existing technology, rendering it obsolete. A disruptive technology sweeps away the systems or habits it replaces because it has attributes that are recognizably superior. Recent disruptive technology examples include e-commerce, online news sites, ride-sharing apps, and GPS systems. Another great example is the shift from land phones in most African countries to mobile communication. Most people in Africa and developing countries never saw the old, wired-to-wire-telephone system before mobile phones overtook the market. Now access to social media is competing with access to a personal website and established media houses.
“Time to Update and Upgrade” Prepare to change over time or you will be left behind. You should always be alert, and keep improving your business and your socio-economic and political vision (the world around you) over time because looking in one direction when the world is shifting will leave you behind.
Move with time and achieve success. The crocodile is one great example of an animal that has outlived great calamities that have befallen earth for 200 million years …why? This is because it has can naturally adapt to new environments fast. From being able to live on water and land to be ready to go for a year without nutrition – the list is endless. So a human being must be like a crocodile by looking into the future:
Artificial Intelligence, Blockchain, Virtual/Augmented Reality, Internet of Things, Think RAGP THINK LEVERAGE (Recharge and Get paid) – If your social leaders are not looking into the future. Disrupt Them