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Does anyone feel the pace of technology driven change is too fast already and its accelerating?

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Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States
I just saw a report about how fast technology is changing business. What was more troubling was at the end they said the pace was picking up. Is it even possible to keep up?
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Georgia Harris GLH Project Manager| Independent Consultant Pa, United States
Emerging technologies are transforming business. They are creating new businesses and business models and obsoleting old existing ones. There was a great line in a movie with Danny Devito called Other People's Money. In it he talks about the 'prayer for the dead' and 'buggy whips' and that is what emerging technology is all about. Check out the YouTube 5 minute clip. Youtube.com/watch?v=62kxPyNZF3Q
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1 reply by Kevin Coleman
Apr 26, 2018 2:13 PM
Kevin Coleman
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I love that clip. I have used the lines in that video in a couple of strategic planning events. Thanks for bring that up!
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Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States
@ Sergio - Business is about far more than technology and architecture. It is about offering something of value to customers at a price they find acceptable based on what they get in return for that price. Business is changing. There are new value propositions that were not even conceivable before some piece of technology. Just look at the Internet, wearable technology, connected autonomous vehicles, robots and so much more. They created new businesses that obsolete some existing models. I just saw and AI robot designed specifically to be a facility security guard. The facility no longer employs the security guard provider. The payback was in 18 to 20 months and the services were much more robust. They had night vision cameras on the robots - security guards never had that capability. That model will grow over the next decade and have a huge negative impact on the security guard services industry. I just saw a wearable sensor system that monitored a patient 24/7/365 and reported that to the cloud and alerted the Doctor if something needed immediate attention. Was that a services that could have been delivered before - not in an economically feasible business model. There are several more I would love to talk about but NDAs prohibit that - after all they are new businesses just getting underway.
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1 reply by Sergio Luis Conte
Apr 25, 2018 5:01 PM
Sergio Luis Conte
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Ones again: business do not change. What change is the way doing business. Organizations have to take into account the definition of business. And it will depends on organizational strategy. All you stated is not about business. Is about quit different implementations into each of the layers that compones the enteprise architecture. When organizations do not understand that then they will fail. One of the key reason about failure is putting focus on buzzwords instead of putting focus on the basement: systemic thinking. From long time ago, but people do not know about it, things like "zero latency" are outside there.
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
Apr 25, 2018 4:38 PM
Replying to Kevin Coleman
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@ Sergio - Business is about far more than technology and architecture. It is about offering something of value to customers at a price they find acceptable based on what they get in return for that price. Business is changing. There are new value propositions that were not even conceivable before some piece of technology. Just look at the Internet, wearable technology, connected autonomous vehicles, robots and so much more. They created new businesses that obsolete some existing models. I just saw and AI robot designed specifically to be a facility security guard. The facility no longer employs the security guard provider. The payback was in 18 to 20 months and the services were much more robust. They had night vision cameras on the robots - security guards never had that capability. That model will grow over the next decade and have a huge negative impact on the security guard services industry. I just saw a wearable sensor system that monitored a patient 24/7/365 and reported that to the cloud and alerted the Doctor if something needed immediate attention. Was that a services that could have been delivered before - not in an economically feasible business model. There are several more I would love to talk about but NDAs prohibit that - after all they are new businesses just getting underway.
Ones again: business do not change. What change is the way doing business. Organizations have to take into account the definition of business. And it will depends on organizational strategy. All you stated is not about business. Is about quit different implementations into each of the layers that compones the enteprise architecture. When organizations do not understand that then they will fail. One of the key reason about failure is putting focus on buzzwords instead of putting focus on the basement: systemic thinking. From long time ago, but people do not know about it, things like "zero latency" are outside there.
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
And just to clarify. I worked on this from long time ago when IoT, AI, All related to data (today one of them named Bid Data), etc were not buzzwords. But my comment here is trying to add value and encourage people to make some research to not fail.
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Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States
Once again you CAN'T create the value without the technology! Given that construct the business cannot exist. We could not have created the ability on a single individual that is the entire business to market globally and sell a digital product they create to someone half way around the world. DIGITAL TECHNOLOGY created the ability for the product. ALL IN REAL-TIME. The INTERNET created the delivery mechanism. The combination of the two created the VALUE!
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Michael Coleman Chief Project Officer| CONDIFENTIAL Dc, United States
Kevin I agree with you. New businesses are being created at a much more rapid pace today. The piece you just posted about the 3D printer actually printing electronic circuits directly on the skin of people is a prime example. A business that does that to overcome nerve damage could not have existed until that technology created that ability and clearly the 'value'. Mr Conte must have such a high level definition of what a business is nearly anything would be considered additive.
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3 replies by Kevin Coleman, Michael Coleman, and Sergio Luis Conte
Apr 25, 2018 6:08 PM
Sergio Luis Conte
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Michael, thank you very much for your time. Your comment is very valuable for me. What i tried to express is there are a lot of companies around the world making business (a company could have more than one business defined into it) without the use of technology or, best said, without the use of computer/software technology. Why? Because in some places around the world there is no possibility to make business with computer/software technology because it is not available for use. That is my point. And the business does not change: they are performing basic functions like "Make/Move/Sell". How those basic business functions are performing? That is the point where enteprise architecture (business, application, technology, security, information layers) takes place. Unfortunatelly for people like me that are working with this from years new buzzwords has been created like "Digital Transformation". Unfortunatelly because it adds confusion to the environment and could jeopardizes the work of each of us.
Apr 25, 2018 6:22 PM
Kevin Coleman
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Hey Michael (Great last name by the way) the 3D printer story really got me thinking. About 2 years ago I saw a human aorta created based on the DNA of an individual and the cells that were created put into a 3D printer that printed the human aorta. YES replacement parts for people. I think we are a few years away from human replacement parts - due to testing and the regulatory process - but the technological capability has been proven. What is next designer organs for pro athletes?

The existing world we all know and are accustom to is being disrupted at a pace many are finding deeply troubling - the reason for the discussion post. The pace and level of technological advancement varies so greatly around the world it is equally troubling. Some say we already have the technology haves and have nots!
Apr 25, 2018 8:57 PM
Michael Coleman
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I am floored nearly every day with all the new technologies and changes they bring about. I am not sure anyone can really keep up with all of this unless it is the ONLY thing they do.
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
The problem is when people think that value is not created without technology. Perhaps that is what some people think because they are taking into account their own environment but not the whole world. Lot of examples outside there about value creation without technology utilization. Except we take technology as it must be taken: technology is not a synonym of computer or software technology. When organizations think that technology is about computer or software then they are lost. When organizations think value is related to technology they are lost. That is the problem when people start using new buzzwords.
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
Apr 25, 2018 5:44 PM
Replying to Michael Coleman
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Kevin I agree with you. New businesses are being created at a much more rapid pace today. The piece you just posted about the 3D printer actually printing electronic circuits directly on the skin of people is a prime example. A business that does that to overcome nerve damage could not have existed until that technology created that ability and clearly the 'value'. Mr Conte must have such a high level definition of what a business is nearly anything would be considered additive.
Michael, thank you very much for your time. Your comment is very valuable for me. What i tried to express is there are a lot of companies around the world making business (a company could have more than one business defined into it) without the use of technology or, best said, without the use of computer/software technology. Why? Because in some places around the world there is no possibility to make business with computer/software technology because it is not available for use. That is my point. And the business does not change: they are performing basic functions like "Make/Move/Sell". How those basic business functions are performing? That is the point where enteprise architecture (business, application, technology, security, information layers) takes place. Unfortunatelly for people like me that are working with this from years new buzzwords has been created like "Digital Transformation". Unfortunatelly because it adds confusion to the environment and could jeopardizes the work of each of us.
avatar
Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States
Apr 25, 2018 5:44 PM
Replying to Michael Coleman
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Kevin I agree with you. New businesses are being created at a much more rapid pace today. The piece you just posted about the 3D printer actually printing electronic circuits directly on the skin of people is a prime example. A business that does that to overcome nerve damage could not have existed until that technology created that ability and clearly the 'value'. Mr Conte must have such a high level definition of what a business is nearly anything would be considered additive.
Hey Michael (Great last name by the way) the 3D printer story really got me thinking. About 2 years ago I saw a human aorta created based on the DNA of an individual and the cells that were created put into a 3D printer that printed the human aorta. YES replacement parts for people. I think we are a few years away from human replacement parts - due to testing and the regulatory process - but the technological capability has been proven. What is next designer organs for pro athletes?

The existing world we all know and are accustom to is being disrupted at a pace many are finding deeply troubling - the reason for the discussion post. The pace and level of technological advancement varies so greatly around the world it is equally troubling. Some say we already have the technology haves and have nots!
avatar
Georgia Harris GLH Project Manager| Independent Consultant Pa, United States
I just read and re-read the 3D Skin Printing circuitry post and linked article. This is amazing! Kevin - HOW do you keep up with all of this and continue to post these hot breakthroughs for all the PM to become aware of what is in the pipeline? BTW, I sat beside my coworker that took your Emerging technology webinar and that was equally amazing. Thank You
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1 reply by Michael Coleman
Apr 25, 2018 8:59 PM
Michael Coleman
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I could not believe the 3D printing breakthrough when I read it at first. I actually called around and checked and a few people had heard about it before the article was printed. We really live in interesting times!
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