Welcome to the Digital-Centric World

Michael R. Wood is a Business Process Improvement & IT Strategist Independent Consultant. He is creator of the business process-improvement methodology called HELIX and founder of The Natural Intelligence Group, a strategy, process improvement and technology consulting company. He is also a CPA, has served as an Adjunct Professor in Pepperdine's Management MBA program, an Associate Professor at California Lutheran University, and on the boards of numerous professional organizations. Mr. Wood is a sought after presenter of HELIX workshops and seminars in both the U.S. and Europe.

By now, it’s pretty safe to say that we have become a digitally centric society. The proof can be seen everywhere. People are tethered to their smartphones, organizations are accelerating their adoption of cloud-based services, and the Internet of Things (IoT) is linking everything together.

Digitalization has seeped its way into virtually every facet of our lives, and it is just getting started: AI, social media, digital implants, autonomous robots, smart devices, quantum computing and more are converging in a way that will interconnect people with technology like never before.

It’s safe to say that we are in the midst of the fourth industrial revolution—the birth of the digital age. So what lies ahead in the world of digital computing? What will life look like 5, 10 even 15 years down the road? How will it impact the way organizations are organized and operated? Here are some things to ponder.

In a recent RTInsights.com article, it states that Huawei, the giant Chinese tech company, believes that “AI could double the value of the global digital economy in less than a decade, from $12.9 trillion now to $23 trillion in 2025.” If this assertion holds true, such growth is more than stunning—and for me, disruptively frightening. Can businesses and society as a whole adapt that quickly to what this level of growth implies?

The …

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"A statesman is an easy man, he tells his lies by rote. A journalist invents his lies and rams them down your throat. So stay at home and drink your beer and let the neighbors vote!"

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