Project Management

Emerging Technologies

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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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Another Breakthrough Emerging Technology

We've been cursed!

The Growing Importance of Technology Awareness

Beware of Internal Competition

The Growth of Internal Competition

Another Breakthrough Emerging Technology

Another amazing piece of emerging technology came into public view a couple days ago. It falls into the category of wearable technology and has brought a WOW response when I have discussed this in my briefing. It is a pair of SMART gloves created by the innovative minds at UCLA. What makes these gloves so SMART?  Well, it is the sensors that are in the fingers of the gloves. The position of the fingers is continuously monitored by the sensors and interpreted and then translated from sign language the position of the fingers represents into speech in real-time. Of course, leverages the smart phone for the delivery.  Did that get a WOW out of you? 

Think of the value the commercialization of this technological breakthrough brings with it. This substantially breaks down many of the challenges of communicating with the hearing impaired. The World Health Organization (WHO) reports there are 466 million people in the world with a disabling hearing loss. That represents over 5% of the world's population. Of that 466 million there are 34 million of these people who are children.  They went on to project that if proper action is taken there will be nearly 630 million people with disabling hearing loss by 2030.

For more information please see the following link. https://www.sciencedaily.com/releases/2020/06/200629120201.htm

Posted on: July 01, 2020 07:15 PM | Permalink | Comments (5)

We've been cursed!

Recently, TED, the nonprofit devoted to spreading ideas through short talks and discussions contacted me.  I was asked to be the host and moderate one of their discussions. I opened the event with a quote.  The quote – ‘May you live in interesting times’ is said to be the English translation of a traditional Chinese curse. Well, given all that is happening these days, you would have to say we have been cursed. I went on to point out that everyone has a different perspective that is based on their life experiences. The cumulative analysis of multiple perspectives is what produces the greatest value. That was what we were trying to achieve.

There are multiple technologies that have begun to emerge that will impact the world in the next few years. We are talking $$ trillions of value. It is being called the ‘Industrial Revolution 4.0’ and its impact on individuals and organizations will be profound. We have touched on this subject here on my blog. Wintergreen Research published a study estimating the Industrial Revolution 4.0 will grow to be $25 trillion USD in emerging market segments by 2025. To put that in context, that figure is greater than ANY country’s GDP (gross domestic product) in the world according to the latest figures in CIA world Fact Book.

To close the event I said, “The signs of the times are out there. Everyone needs to keep their eyes open and continuously read them. It is clear that adapting to the changes that lie ahead will be challenging and no one has all the answers. Areas where continuous education is needed already exist. Will the magnitude of technology advancement and the resulting changes require us to reinvent ourselves – only time will tell. Your views, opinions and interaction will likely give others the nudge they need to take action.”

Posted on: June 13, 2020 01:21 PM | Permalink | Comments (4)

The Growing Importance of Technology Awareness

We have entered a period where for program and project managers to be successful, they must be fluent with current technologies and have an appropriate consciousness of emerging ones. One of the top technology strategists I interacted with recently said, “the most dangerous issue we face today is the increasing number of those who think they know what is going on in the rapidly changing world of technology and in all actuality they don’t.” I believe that equally as dangerous are those that do not believe they need to maintain a solid awareness of current technologies and those that will be emerging in the near-term. During a board meeting a co-project manager was asked about demonstrations that took place over emerging technologies that are a threat to multiple well-paying jobs for workers. This was particularly important given the company was about to kick-off a series of projects under an automation initiative that leveraged a few of these job disruption technologies!  The program manager stated they were unaware of the events that occurred in multiple countries and covered by the news media within the past 30 days.

As a long-time program and project manager, I can easily see just how my career could have been negatively impacted by a lack of technology awareness.  As professionals, we should stop and consider for a minute the emerging technologies that are likely to impact the company we work for or that could be introduced into one of our current programs or projects. The number of technology related questions seem to increase on a very frequent basis. Here are a few of the most common that I have seen asked and have actually experienced personally.

  1. What are the top three technology risks for this project?
  2. When did you first become aware of and monitoring a technology (they named) that would be a part of this project?
  3. What do you feel is the biggest challenge you face as a program or project manager of initiatives that involve new technologies?

What if you were interviewing to become a program or project manager? How comfortable are you that you could properly respond to these three questions?  After all, related current and emerging technologies are part of domain knowledge.  However, having a proper response is not an easy task. You have to filter out the bias reports about existing and emerging technologies. It would be very interesting to hear some of you respond to these questions in the comment section below!

INSIGHT:  Researching one specific technology often results in conflicting information from well reputable sources. Do you believe analysts say what supports the majority of their clients?  That seems to be a growing opinion!

Posted on: May 06, 2020 12:37 PM | Permalink | Comments (3)

Beware of Internal Competition

Internal competition is on the rise!  All must exercise caution given the increasingly high level of internal competition that many organizations have begun to experience.  The Information Technology part of the organizations no longer owns technology.  Today, they may not even be called upon to support it!  Some internal business components of the organization have begun to research and analyze emerging technologies and build their business case for action, fund it and implements it.  Much of the time the implementation is on an external cloud by a technology vendor.  More often then not, that vendor introduced the emerging technology to that internal business component.

INSIGHT: In a report, Accenture stated that, “Leading in this new decade means working to redefine the intersection between people and technology.”  Clearly every part of today’s organizations must do this within as well as for their external customers as well as other stakeholders.

Internal competition around the use of emerging technologies given their potential implications both positive and negative will likely continue to grow rapidly at least through 2025. With that management at all levels need to keep this in mind as the challenges for growth between now and 2025 are not likely to decrease.  They will more than likely increase and an accelerating path ahead. The best approach for management going forward is to seek an objective source of information about the technologies that hold the most promise to their organization. Being cognizant of these and their potential implications is half the battle that we are all most likely to experience.  At least for the next few years. Are you competing internally? What is your personal strategy to win the technology race that we have entered? Two very important questions we must all consider and have answers to!

Posted on: April 29, 2020 05:45 PM | Permalink | Comments (7)

The Growth of Internal Competition

As if competition was not challenging enough, now we are competing within and throughout our organizations. All must exercise caution given the increasingly high level of internal competition that many organizations have begun to experience.  The information technology (IT) part of the organization no longer owns technology.  Today, they may not even be called upon to support it!  Some internal business components of the organization have begun to research and analyze emerging technologies and build their business case for action, funds it and implements it.  Much of the time the implementation is on an external cloud by a technology vendor.  More often then not, that vendor introduced the emerging technology to that internal business component and shows the value in a case study or white paper.

INSIGHT: In a report, Accenture stated that, “Leading in this new decade means working to redefine the intersection between people and technology.”  Clearly every part of today’s organizations must do this internally as well as for their external customers as well as other stakeholders.

Internal competition around the use of emerging technologies given their potential implications both positive and negative will likely continue to grow rapidly at least through 2025. With that, management at all levels need to keep this in mind as the challenges for growth between now and 2025 are not likely to decrease.  They will more than likely increase and an accelerating path ahead. The best approach for management going forward is to seek an objective source of information about the technologies that hold the most promise to their organization. Being cognizant of these and their potential implications is half the battle that we are all most likely to experience.  We should repeatedly answer a few questions over the next few years. Are you competing internally? What is your personal strategy to win the technology race that we have entered? How prepared are we with the necessary knowledge about the emerging technology? These are three very important questions we must all consider and had better have answers to!

Posted on: April 23, 2020 10:20 AM | Permalink | Comments (1)
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