David Burnie is the Founder of The Burnie Group, a management consulting firm that focuses on helping clients design innovative strategies and continuously pursue operations excellence. On today’s episode, David discusses how no industry is safe from disruptive innovation and gives tips on how you can be proactive.
Key Takeaways:
Some may fear it but automation is going to help society. As more people retire we will have less workers to support them. It will allow people to focus on higher value jobs and eliminate some of the monotony. We are experiencing the fourth industrial revolution. As technology increases exponentially, we will begin to see artificial intelligence, robotic process, and the internet of things explode. With every industrial revolution, people have been scared about their jobs, but these revolutions have significantly improved quality of life. Today we are at the highest level of unemployment we have ever seen. Every industry, even ones that haven’t been affected in years, will be disrupted with innovation, and that’s a good thing! We will be working more efficiently overall. Examples of innovations include: Internet of things will be elevated by 5G and will allow data to be transported very quickly. (eg. will be able to track bananas and optimized shipping conditions based on product demand) Block chain will allow multiple parties to share information (eg. better sharing of electricity between homes) It's important to get ahead of the curve, before your competition does. Here are some things you can do:
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