Life in 2050
In the past, the man has been first. In the future, the system must be first. - Frederick W Taylor 1911. The reason the system must be first, is because there is more of us. Innovation is driving the development of new systems to manage our growing population. However innovation has been with us for a long time. Its the rate of innovation which has shifted. Here we have two innovations. On the left we have a stone axe tool. On the right we have a computer mouse. Both are innovations designed to fit in the palm of a hand. However the stone axe tool last was used for a few thousand years, and the mouse about three decades. In the US alone (not counting China and India) in 2011, we saw 24 internet businesses file to publically list their companies. In the last three months, there have been 250 books published on Amazon with the word 'innovation' in their title. Innovation is not a new concept. However, it is the rate of innovation which has changed. What's driving innovation? 1. Consumer's desire for novelty. Novelty is the consumer's desire for new stuff. Consumer novelty is irrational. One economist defined consumers as 'Spending money they don't have, to buy stuff they don't want, to impress people they don't care about.' 2. Falling unit cost of innovation. Its cheaper now to innovate as many business expenses have fallen. It doesn't cost much to innovate. People being connected together globally by via internet and mobile has given business access to larger markets, and improved economies of scale. Learn more. Visit http://futurebooks.com.sg/blog/life-in-2050-business-rocks-event/3922
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Life in 2050
- 1. Prepared for Business Rocks. As of June 2012. LIFE IN 2050. AN ANALYSTS PERSPECTIVE
- 2. ABOUT US @futureb00ks www.futurebooks.com.sg www.futurebooks.com.sg
- 3. “IN THE PAST, MAN HAS BEEN FIRST. IN THE FUTURE, THE SYSTEM MUST BE FIRST.” FREDERICK W TAYLOR, 1911 www.futurebooks.com.sg
- 5. DRIVERS OF INNOVATION Consumer novelty Fall in unit cost of innovation www.futurebooks.com.sg
- 6. Innovation has flatten barriers to entry www.futurebooks.com.sg
- 7. HUMANS LOSE JOBS WHEN… Tech productivity > human productivity Cost of tech < cost of a human www.futurebooks.com.sg
- 9. TIMELINE OF INNOVATION I can only I can only work 8 hours think 8 hours YEARS 2012 2030 2050 www.futurebooks.com.sg
- 11. TELECOMMUNICATIONS xxxx www.futurebooks.com.sg
- 12. GADGETS 10 billion mobile-ready gadgets by 2016 www.futurebooks.com.sg
- 13. HEALTHCARE Scan for Diagnose HIV in cataracts 30 minutes www.futurebooks.com.sg
- 14. INTERNET Internet doubles every two years www.futurebooks.com.sg
- 15. ENERGY Could be simple www.futurebooks.com.sg
- 16. ENERGY Could be complex www.futurebooks.com.sg
- 17. OUTLOOK FOR 2050