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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| Earlier this year, Forbes published an article titled, “Today's Companies Have a Technology Adoption Problem, Not an Innovation Problem.” By most accounts they are correct. As for emerging technology, some organizations don’t understand it, some believe they can’t afford it, others believe it is just not necessary. Whatever the reason, failure to monitor and adapt to emerging technology driven change is a big risk.
Leveraging these emerging technologies is necessary for any business to grow and prosper as well as for an increasing number to even survive! The following are the five most likely highly disrupted industries based on my analysis of the current state of emerging technologies. (In alphabetical order)
- Construction
- Finance & Insurance
- Government
- Healthcare
- Real-Estate
The way we live and work is changing. Emerging technologies have begun to have an intense effect on organizations large and small. There is a delicate balance that must be achieved between likely benefit(s) and the risk(s) of dealing with the new/unknown. Subject-matter Experts (SME) believe organizations need to take the first step. They commonly recommend ‘Pilot Projects’ as the best approach. Some suggest organizations seek and independent opinion from an objective third-party about the emerging technologies and or project(s). That is great advice before any organization jumps into the deep end of the emerging technology application pool. We all know what that means, more pilot programs and projects coming into our offices and being laid on our desks. Given the current workloads, resource shortages and increased expectations with regard to accelerating the delivery pace, the existing demand and overload sure looks like it will continue to increase with little regard to PM workload.
Insight: Douglas Rushkoff, American Journalist said, “When things begin accelerating wildly out of control, sometimes patience is the only answer. Press pause.”
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Posted on: October 31, 2019 09:48 AM
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