Racing into the Future
From the Emerging Technologies Blog
by Kevin Coleman
UPDATED MAY 2020 - This blog will appear monthly from now on. Today, all organizations depend on technological innovation in order to sustain their existence. Analysis of emerging technologies and identification of those technologies with the greatest potential is essential to being prepared for upcoming projects. The objective of this blog is to establish future oriented technology analysis and insights. This blog was established to provide program and project managers with information about these emerging technologies. These emerging technologies have far reaching repercussions for program and project managers. This blog will jump-start the learning process and allow program and project managers to become proactive.
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When talking about break-through technologies - some place them together under the header of Exponential Innovation, while others put them together under Exponential Technology. No matter what you call them, they are those technologies where their capabilities (functionality, capacity and performance) doubles in each reporting period of time (typically annually). These technologies are at a point in their evolution where their price/performance makes them viable solutions to real-world problems that up until this point in time, could not have been functionally and/or economically addressed. Now let’s consider the current spike in the creation and discovery of advancements in technologies that bring with them creative products and services, innovative solutions, and breaking traditional best practices and or thought processes. Basically, we are talking about DRAMATIC CHANGE!
When discussing this topic, many are quick to point to the evolution of microprocessors (chips) as to the first initiation of such an occurrence and reporting. Regardless of its point of origin, it is changing how we must think about business strategy. Below are five of the more commonly referenced exponential technologies of today (alphabetical order).
- Additive aka Accretive Manufacturing (3D Printing)
- Advanced Robotics
- Artificial Intelligence (AI)
- Biotechnology
- Virtual Reality/Augmented Reality/Human Augmentation (VR, AR and HA)
Stop for a moment and think about these five technologies and the potential implications of their exponential advancement on your organization and more importantly, your career. Now consider this represents only a small percentage of the technologies commonly put under this same exponential innovation umbrella. How prepared are you and your organization? If you’re not, time is flying by. It might be a career limiting move if you fall behind or fail to catch up.
INSIGHT: John D. Rockefeller said, "Don't be afraid to give up the good to go for the great."
Posted on: November 07, 2019 10:18 AM |
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Comments (9)
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Luis Branco
CEO| Business Insight, Consultores de Gestão, Ldª
Carcavelos, Lisboa, Portugal
Dear Kevin
Interesting reflection
Thanks for sharing
At this moment is happening in Portugal the Web Summit.
Brad Smith, in his speech: “We are the first generation in the history of humanity… who will empower machines to make decisions that were previously made only by people"
You have to think
Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates
New Westminster, British Columbia, Canada
Kevin
I would say that in our organization, we are fairly prepared because the degree of impact of those technologies in the industry we work in is moderate and we are trying to stay on top of things but I can imagine the huge impact those technologies have on other industries like Healthcare.
RK
Kevin Coleman
Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights
Pa, United States
@ Rami - I was thinking you are in the construction industry?
Kevin Coleman
Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights
Pa, United States
Just a peek behind the curtain! VR/AR/HA impacts constructions from the pre-sales / proposal stage all the way thru final delivery and final documentation of the project. You and I have discussed 3D printing. I just heard about a research project using 3D printers to print roadways including bridges. AI coupled with robotics will fill the gap in the workforces including the trades and construction starting in the very near future. Now for the odd ball. Biotech is creating new materials with some very unique properties. One that was recently demonstrated was ‘self-healing’ and that is impressive. Let’s put that in the 3D printer and end potholes in the roadways.
Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates
New Westminster, British Columbia, Canada
@Kevin, Yes I am, mainly in Project Management for Real Estate Developments.
I agree, there are lots of AI coming our way, in construction too but construction has many disciplines:
- Site Works
- Construction Management
- Project Management
- Design
The degree of AI impact on each of those disciplines varies and it affects different people differently. The subject is much more complicated that to be put in one comment so maybe we are due gfor our phone call soon :-)
Very interesting thanks for sharing
My concern is if we are properly training and reskilling the trades used in construction.
alan rossney
Project Manager| jacobs Engineering
Dublin, Dublin, Ireland
I like the Rockerfeller Quote. I thought the same a year ago and got a PM role at a robotics company.
Having said that it can be difficult to consider the innovation opportunities when you are trying to manage scope creep and the resource, schedule and cost overruns that ensue..even when you are already doing 2/5 of the innovations above.
Kevin Coleman
Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights
Pa, United States
@Alan I hear ya. Many times it can't be called scope creep, after all it is run-away scope. I try to push it to the follow-on to the project and have the biggest pusher to begin working on the 'business case' that would be presented for approval when they get it done.
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