#2 —Introducing the new 2000. The Emerging Technologies Newsletter — Oct 17
This week in Emerging Technologies: The new 2000’s
We are back in 1999 or maybe 1995 or 7.
Like the late 90’s start up ads are back in the subways, there are talks of a technology assets bubble. People use ever more powerful devices to access an ever expanding connected network through an increasingly large universe of applications and none of us know where all of this is going.
New technologies arise and they have the potential to be life changing. What the cellphone and the spread of the web did is in line to be outdone by the capabilities of smartphones and their ecosystems of apps, the cloud and the rise of emerging technologies.
It’s so soon in the game that nobody really knows what will come out of that. Yes artificial intelligence and machine learning will revolutionize the way we work, exchange, travel, entertain ourselves, communicate, invest, develop cures, consume news, services, goods and so much more.
The applications of the frontier technologies seem to be endless. And like in 2000 we cannot foresee how deep the economic and social tremor is going to be. Twitter bots, social media fake accounts and troll farms have shaken democracies in the U.K., the US, Germany and countless other we barely know of.
Adaptability, flexibility, reactivity have always been keys to business players but today more than ever individuals and organizations alike realize that training, forecasting, being able to reimagine their future are the keys to their survival.
We already feel the consequences of the fear of those who know they will have a hard time to be retrained, those who use technology every day but have no clue on how to create it, profit from it, produce it, be an industrial part of it.
For workers the stakes cannot be higher, but can we leave to each his own burden to reframe himself and foresee, execute and succeed in his path to integrate what is the new “ new economy”?
Governments always lag in their response to societal and industrial changes.
So who can help build this burgeoning world?
Can bank employees become fintech employees?
Can taxi drivers become Lyft, Uber drivers?
Can retail clerks become ecommerce workers?
Can coal miners become bitcoin miners?
What will happen to truck drivers and bus, train, boat, pilots once we have reached workable automation solutions?
Today on the other side there are thousand of open positions in cyber security, coding, network management, social media management, warehouse organization. They remain hard to fill.
The disconnect between supply and demand widens. For lack of training to where the demand is, lack of geographical mobility, lack of re- training.
The adjustment period has started and we are already experiencing the consequences of a widespread sense of disenfranchisement.
So what can we do?
- Governments must educate, train and build reasonable paths to these new crafts
- Captain of industries must embrace change and move fast, design new models, prepare transitions, rethink strategies
- Individuals must prepare themselves, turn firmly toward the future and realize that they have already been able to move from landline to mobile to smart phones
By staying adaptable, staying the fittest it’s possible to minimize the negative consequences of the on going changes and maximize the positive outcomes.