This week’s book review is The Second Machine Age by Andrew McAfee and Erik Brynjolfsson.
The authors take us through a great history of social development and chart the relentless and accelerating progress of technology. They do a great job of explaining how technology has impacted society, is impacting society, and will impact society moving forward. Besides the technology itself, they cover the impact that the second machine age will have on politics, economics, social upheaval, income inequity, and more.
My takeaway from this book is that our future will be very different that our current world and that the rate of change is accelerating. The best way for us and our businesses to stay ahead of this change is to:
The book review for this week is What’s the Future by Tim O’Reilly.
O’Reilly outlines the process he uses to understand and successfully identify developing trends that will make an impact in the future. He explains how to build this set of tools and mindset in yourself and in your organization. There are many great examples and personal stories provided to illustrate the concepts that he is teaching.
The last section of the book identifies a number of societal shaking trends that are developing and how we can position ourselves and our businesses to leverage these trends successfully.
My takeaway from this book is what O’Reilly calls the business model map for the new economy which consists of the following seven components outlined below and shown in his graphic:
Peter Diamandis knows about exponential growth and business success. He is a pioneer in the fields of innovation, commercial spaceflights, and incentive competitions. He is also the founder of the XPRIZE Foundation and Abundance 360!
So, when Diamandis speaks about business, innovation, or exponential growth, everyone should take note!
Recently, Diamandis published a brief newsletter outlining the “6-D’s” to exponential growth. These 6-Ds are the six main phases that an idea, product, or technology pass through on their way to making a massive culture impact.
For example, the following 6D technologies have had a huge impact on society:
Did you know that 70% of occupations in today’s marketplace will be automated or obsolete by the end of this century!
This is a stunning prediction that is hard to believe but it is happening before our eyes.
For those of you who find this hard to comprehend, this sort of job displacement has happened numerous times in the past . . . even in the last century. For example:
- In the last 60 years, agriculture’s share of workers has seen an 80% drop!
- Also, in the same period, manufacturing has lost 60% of its market share of workers
As technology, society, and our economies advance, the workplace has seen, is seeing, and will continue to see massive changes and upheavals.
Occupations That Will Be Obsolete or Highly Automated
Artificial intelligence, AI, is already revolutionizing our world and what we have seen so far is not even the tip of the iceberg! We cannot imagine today the profound changes AI will bring to our planet in the coming years!
So, what is your business doing about it? How are you leveraging AI inside your business? What are you doing to prepare your business for the changes that AI will usher into your marketplace?
What is Artificial Intelligence?