Is Now the Time for You to Digest, Pivot and Profit?

Scientific revolutions. Peak equity. Machine learning tools. Fertility declines. Drowning nuclear plants. Location. Location. Location.

That’s all well and good, but don’t burst my bubble when it comes to the health benefits of red wine.

What’s next? Attacking my Dove dark chocolates? That’s just going too far!

Insights and implications curated from The Journal of 2020 Foresight  in time for you to digest, pivot and profit.

Economic Trends

With A Recession Looming, Is Now The Time To Sell Your Home?   Whenever it happens, the recession will likely usher in a buyer’s market, in terms of housing. And as buyer’s gain the upper hand, home values will start to stagnate, pushing down the potential profits of would-be sellers. To gauge what types of homes would be most likely to retain and lose value in a potential recession, real estate brokerage Redfin recently analyzed home prices on 111,000 properties both before and after the Great Recession. According to the findings, single-family homes held their value better than townhomes or condos, as did older properties—specifically those built before 1940. 

Technology Trends

What Are The Biggest Machine Learning Trends Of 2019?   The most notable trend right now in machine learning is the rapid growth in machine learning developer tooling and how that changes the process of building, deploying and managing machine learning.

Curated by Steve Howard in “The Journal of 2020 Foresight,” the Know Laboratories’ digital magazine.

Medical Science Trends

A cardiologist revealed the truth behind red wine’s health benefits   Humans have been drinking wine since the Dark Ages. The ancient Greeks even worshipped a god of wine. It wasn’t until the 20th century that we started asking ourselves, is red wine good for us? And that question is now more relevant than ever. After all, Americans have never consumed so much wine in their lives, but recent studies have shown that no amount of alcohol is good for you, and it seems pretty absurd that after all of this time, something so ingrained into culture could suddenly be bad for you. What if 10,000 years of human history has been wrong?”

Scientific Trends

Could An Incompleteness In Quantum Mechanics Lead To Our Next Scientific Revolution?   This is called the principle of locality, and it holds true in almost every instance. But in quantum mechanics, it’s violated all the time. Locality may be nothing but a persistent illusion, and seeing through that facade may be just what physics needs.

Climate Trending Wildcards

U.S. Nuclear Power Plants Weren’t Built for Climate Change   According to a Bloomberg review of correspondence between the commission and plant owners, 54 of the nuclear plants operating in the U.S. weren’t designed to handle the flood risk they face. Fifty-three weren’t built to withstand their current risk from intense precipitation; 25 didn’t account for current flood projections from streams and rivers; 19 weren’t designed for their expected maximum storm surge. Nineteen face three or more threats that they weren’t designed to handle.

Sperm Study Increases Concern That Climate Change Will Kill Off Species  “’Our study is consistent with current evidence that the production of sperm and mating behavior are sensitive to developmental temperature, and, in an era of global warming, further research in this area — examining both male and female fertility — is vital,’ co-author and University of Lincoln evolutionary ecologist Graziella Iossa, Ph.D., said.

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

 

Is Doing What You Already Know Ever Enough? New Possibilities. More Choices.

“Handle today with an eye to the future.  Accept full responsibility for your part in creating it.”

Vitality follows those on the edge of the known.  Anyone doing what they know they can do is playing it too safe to feel successful. Knowing about new possibilities gives you more choices.  

Economic Trends

Recession “So, without fanfare, here is a straightforward look at what is going on, and why the coming recession itself is NOT the issue for you.  It is how you prepare for it.  Because if you do, you actually have a chance to profit from it.

Technology Trends

AI predicts your expiration date.

Curated by Steve Howard in “The Journal of 2020 Foresight,” the Know Laboratories’ digital magazine.

“Scientists recently trained an AI system to evaluate a decade of general health data submitted by more than half a million people in the United Kingdom. Then, they tasked the AI with predicting if individuals were at risk of dying prematurely — in other words, sooner than the average life expectancy — from chronic disease, they reported in a new study.”

Medical Science Trends

Cancer. Will this breakthrough upset AI’s prediction?

The team then tested it on 11 patients with advanced stage lymphoma as part of a clinical trial, where some experienced full remission for periods ranging from months to years. Buoyed by these promising results, the researchers have already kicked off clinical trials for lymphoma, breast, head and neck cancer patients, and lab tests are continuing on liver and ovarian cancer. 

Startups and Innovation

What about the 94% failure rate?

Group work produces more feasible ideas while individual work produces more original ideas. To get both original and feasible ideas, you need to combine individual time with group time as the researchers did in the hybrid structure.

Science

STEM? Why does it matter? Then what?  

Science knowledge can help you navigate a variety of everyday situations — “such as making health care decisions or deciding what to eat. Communities can benefit from higher levels of science knowledge, particularly as they make sense of potential health hazards in their environment.

In 2030

If your AI expiration date is delayed by a decade, how will your world change?

Homes: By learning your preferences and your habits, and automatically adjusting the light, heat, even your TV channels, before you have to ask. “It’s about how that home reacts to you and makes you comfortable. 

Ease of Changing Reality: Solving fake news requires rebuilding the news ecosystem, and educating people to critically think and be more responsible on the social networks.

Genome Editing: Presumably different cultures will find different approaches and applications ethical. So it’s going to be a very complex future.

Memory: working on how we encode memory as electrical signals in a part of the brain called the hippocampus.

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

Is It Too Late to Stimulate Your Creative Juices?

Reconnect the dots in new and different ways to uncover hidden opportunities for your career and personal life.

Consider the case study about the builders of the “Doomsday Seed Vault”  and the horror they must have felt, when they realized the genius of their deep-future planet-saving food-bank scenario failed to include the present day risk of Arctic Warming.

Oops, now what?

What if …

What are some of the other consequences triggered by the continuing change in the ocean conveyor built, especially at a time when we may be reaching “Peak Indifference” on climate change?

Curated by Steve Howard in “The Journal of 2020 Foresight,” Know Laboratories’ digital magazine.

Or, what about the second and third degree rippling effects?

What are the implications for the cost of your insurance premiums?

Which industries will boom and which will decay if the first graphene-based device is real, and available for market before the end of this year?

Tick. Tick. Tick.

As a consumer, a citizen or a power plant operator, what are the implications of the patent filed by Tesla to bypass the Electrical Grid?

Or, what if science gets it right and can turn abundant seawater into hydrogen fuel bypassing the need for hybrid-vehicles?

How will your life change, or the life of someone you know and care about, if the science of deep brain simulation becomes available?

Tick. Tick. Tick.

Or, what are the unintended consequences of Harvard’s discovery of a DNA gene-controlling switch for whole-body regeneration? 

Game, set, match?

And, finally a little bit closer to home.

What about the so-called “Economic Singularity”?

Snooze alarm.

How realistic is it,  if what futurists fear the most, robots come and take our jobs away.

Yours, mine, theirs?

Forever?

No need to be an alarmist, here.

But, what if …?

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

Consciousness, Disruption and Chaos. It’s All Good!?

But that happened over several generations and centuries. We are going to see that kind of upheaval in many industries in half a generation.

 

“The results can have a tremendous impact on our understanding of how the immune system functions and how the incidence of some of the most serious illnesses, including diabetes, cancer and Alzheimer’s, might be avoided,”

Economic Recovery

Journal of 2020 Foresight

The Coming Recession Will Be Different

“Markets and most businesses will figure out how to survive. New businesses will keep launching. New technologies will thrive. We will continue to need food, shelter, transportation, communication, and all the things we think of as normal today. This will all happen while technology “eats” jobs faster than it creates them. It was all well and good when we went from 80% of the workforce on farms to 1% today. But that happened over several generations and centuries. We are going to see that kind of upheaval in many industries in half a generation. Can you blame frustrated workers? People wishing that they can have their jobs protected? Wanting the government to do something? In the coming decade, I think politics will be more important to markets than ever before. That is not to say investors can’t figure it out. Recovery from the Great Recession was the slowest on record. The next recovery will be even slower.” John Mauldin Contributor, Markets forbes.com Photo- Getty

Technology-Driven Disruption

10 Industries On The Cusp Of Technological Disruption

The experts of Forbes Technology Council are often ahead of the curve when it comes to tech trends. Below, nine members share their insider perspectives on the industries and services that are on the cusp of tech disruption in the near future.

1. Doctor’s Office Visits. 2. Financial And Legal Services. 3. Healthcare Diagnostics. 4. Education. 5. Data Protection. 6. Customer Service. 7. Insurance. 8. Automotive Industry. 9. Security. 10. ‘Paper Pushers’. Expert Panel, Forbes Technology Council.” forbes.com Photo- Getty

Memories of the Past

How the Brain Creates a Timeline of the Past

The brain can’t directly encode the passage of time, but recent work hints at a workaround for putting timestamps on memories of events. Invigorated by empirical support for their theory, he and his colleagues have been working on a broader framework, which they hope to use to unify the brain’s wildly different types of memory, and more: If their equations are implemented by neurons, they could be used to describe not just the encoding of time but also a slew of other properties —  even thought itself. But that’s a big if. Since the discovery of time cells in 2008, the researchers had seen detailed, confirming evidence of only half of the mathematics involved. The other half — the intermediate representation of time — remained entirely theoretical. Until last summer.” Jordana Cepelewicz, Staff Writer quantamagazine.org  Photo Cydney Scott for Boston University Photography (Howard); Courtesy of Karthik Shankcar

Consciousness Frontiers

How we identified brain patterns of consciousness

“Research like this has the potential to lead to an understanding of how objective biomarkers can play a crucial role in medical decision making. In the future it might be possible to develop ways to externally modulate these conscious signatures and restore some degree of awareness or responsiveness in patients who have lost them, for example by using non-invasive brain stimulation techniques such as transcranial electrical stimulation. Indeed, in my research group at the University of Birmingham, we are starting to explore this avenue. Excitingly the research also takes us as step closer to understanding how consciousness arises in the brain. With more data on the neural signatures of consciousness in people experiencing various altered states of consciousness – ranging from taking psychedelics to experiencing lucid dreams – we may one day crack the puzzle.” Davinia Fernández-Espejo theconversation.com Photo whitehoune/Shutterstock

Chaos and Serious Illness Prevention

Immune system found to tap into chaos theory to regulate itself

“This isn’t just a system that tolerates chaos either. As the levels of NF-κB swing up and down, the activation of certain genes increases, meaning the protein is working at peak efficiency when there’s a healthy amount of chaos in the system. “The results can have a tremendous impact on our understanding of how the immune system functions and how the incidence of some of the most serious illnesses, including diabetes, cancer and Alzheimer’s, might be avoided,” says Mogens Høgh Jensen, co-author of the study. “For example, we know that cancer is related to a failure of signaling within the body. So, to avoid cancer, it is imperative to have the right dynamic at work in cells.” Michael Irving newatlas.com Credit: agsandrew/Depositphotos

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

Looking Through the Glass Door: Cloudy With a Chance of Disruption

Correction? Bear or Bull? Recession? Is it time to activate Plan B?

Photo: Glasdoor.com

Get an early handle on the potential for a major recession, consider the potential impacts on you, your career, your organization and respond sufficiently ahead of any expected economic downturn.

You owe it to yourself to read the full report from Glassdoor summarized below:

Job Market Trends: Five Hiring Disruptions to Watch in 2019

Andrew Chamberlain, Ph.D., Chief Economist, Glassdoor

Photo: Visual Hunt

It wasn’t all good times in 2018. New economic clouds appeared on the horizon. Tariffs stoked fears of slowing trade that may cripple U.S. exporters and raise prices for consumers. The Federal Reserve raised interest rates three times, causing a slowdown in the nation’s housing market in a period when mortgages grew more expensive. Meanwhile, the stock market slowed, leaving the S&P 500 index mostly flat.” Glassdoor Research Report 

Which Hiring Trends Shaped 2018?

  1. “Artificial Intelligence is a Worker’s Ally, Not a Replacement
  2. Women Executives Make Waves…But There’s Room for More
  3. Growing Concerns About Employee Data Privacy and Protection 
  4. The Gig Economy is Smaller Than We Thought
  5. Local Talent Matters in the Era of Amazon’s HQ2″
Photo: Visual Hunt

“However, it’s never too early to prepare for an economic rainy day. Even during the best of times, now is an opportunity for employers to focus on hiring quality talent who will be retained both in good times and bad. Meanwhile, job seekers should shore up savings, polish up resumes and look for a job and company that fits their life in 2019 and beyond.” Glass Door Research Report

 

Which Threats and Opportunities Will Emerge in 2019 And Beyond?

  1. “Data-Driven Matching Will Be the New Paradigm for Hiring
  2. The New Era of Tech Hiring Will Be for Non-Tech Jobs
  3. More Companies Will Try to Get Diversity, Inclusion and Belonging Right 
  4. A Tidal Wave of Aging Workers Could Mean Labor Shortages for Decades 
  5. More Job Seekers and Employers Will Brace for an Economic Recession

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

What Do You Need To Know As AI Changes Your World?

Deep learning involves feeding data to large neural networks that crudely simulate the human brain

 

Image credit: Getty Images
The picture out there and the one painted above is one of massive and rapid change to the way people think and operate, which will affect material pain.

 

The AI Survival Guide For Leaders

“I am not a huge fan of perpetual clichés like, “The world will be changing faster than ever before,” and “This time is different,” but this time is different. The picture out there and the one painted above is one of massive and rapid change to the way people think and operate, which will affect material pain. But with change also comes excitement and opportunity. And those reading articles like this one will react to the impending change with a sense of enablement, not shock. Avoiding amygdala hijacks in favor of optimistic clarity will allow leaders to harness the newfound time — freed up by artificial intelligence — to steer an ever-growing enterprise.” Forbes CommunityVoice by Laura Berger photo Pexels

The A-Z of how artificial intelligence is changing the world

a is for… artificial intelligence

“Since the early days of computers, scientists have strived to create machines that can rival humans in their ability to think, reason and learn – in other words, artificial intelligence. While today’s AI systems still fall short of that goal, they are starting to perform as well as, and sometimes better than, their creators at certain tasks. Thanks to new techniques that allow machines to learn from enormous sets of data, AI has taken massive leaps forward. AI is starting to move out of research labs and into the real world. It is having an impact on our lives. BBC future” By Richard Gray Image credit: Getty Images

One of the fathers of AI is worried about its future

“Yoshua Bengio wants to stop talk of an AI arms race and make the technology more accessible to the developing world. Alongside Geoff Hinton and Yann LeCun, Bengio is famous for championing a technique known as deep learning that in recent years has gone from an academic curiosity to one of the most powerful technologies on the planet. Deep learning involves feeding data to large neural networks that crudely simulate the human brain, and it has proved incredibly powerful and effective for all sorts of practical tasks, from voice recognition and image classification to controlling self-driving cars and automating business decisions.” View on technologyreview.com by Will Knight ECOLE POLYTECHNIQUE | FLICKR

The difference between AI and machine learning, explained

“Machine learning is a subset of artificial intelligence, just one of the many ways you can perform AI. Machine learning relies on defining behavioral rules by examining and comparing large data sets to find common patterns. This is an approach that is especially efficient for solving classification problems. For instance, if you provide a machine learning program with a lot of x-ray images and their corresponding symptoms, it will be able to assist (or possibly automate) the analysis of x-ray images in the future. The machine learning application will compare all those different images and find what are the common patterns found in images that have been labeled with similar symptoms. And when you provide it with new images it will compare its contents with the patterns it has gleaned and tell you how likely the images contain any of the symptoms it has studied before.” thenextweb.com By BEN DICKSON 

What is machine learning? We drew you another flowchart

Machine learning is the process that powers many of the services we use today—recommendation systems like those on Netflix, YouTube, and Spotify; search engines like Google and Baidu; social-media feeds like Facebook and Twitter; voice assistants like Siri and Alexa. The list goes on. In all of these instances, each platform is collecting as much data about you as possible—what genres you like watching, what links you are clicking, which statuses you are reacting to—and using machine learning to make a highly educated guess about what you might want next. Or, in the case of a voice assistant, about which words match best with the funny sounds coming out of your mouth. Frankly, this process is quite basic: find the pattern, apply the pattern.” MIT Technology Review View on technologyreview.com by Karen Hao

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

19) Anticipate the growing shifts in life and business. Nobody wants to swim upstream if the current is moving everything in the opposite direction. Clue your fans in.

Which forces have peaked or are reversing themselves?

Turbulent changes in the current of our life – its pace, pattern and scale – challenge our notions of what is real.

 

Since beginningless time people have wanted to know where life will take them. 

 

Today you and I are in one of those periods that occur every 200 or 300 years when people don’t understand the world anymore, when the past is not sufficient to explain the future. 

Turbulent changes in the current of our life – its pace, pattern and scale – challenge our notions of what is real. 

How do you stimulate your own powers of foresight?

Consider the following thought provokers. 

Ask yourself, in following categories 

  1. What are the brand new trends and forces? 
  2. Which are the ones growing in importance? 
  3. Which current forces are loosing their steam? 
  4. Which have peaked or are reversing themselves? 
  5. Which are the “wildcards” about to disrupt us in the future? 

TECHNICAL thought for food: 

Electronics, 

Materials, 

Energy, Fossil, Nuclear, Alternative, Other, 

Manufacturing (techniques), 

Agriculture, 

Machinery and Equipment, 

Distribution, 

Transportation (Urban, Mass, Personal, Surface, Sea, Subsurface, Space), 

Communication (Printed, Spoken, Interactive, Media), 

Computers (Information, Knowledge, Storage & Retrieval, Design, Network Resources), 

POLITICAL thought for food:

Post-Cold War, Third World, 

Conflict (Local, Regional, Global), 

Arms Limitation, Undeclared Wars, Terrorism, Nuclear Proliferation, Weapons of Mass Destruction, 

Governments (More/Less Power and Larger or Smaller Scale), 

Taxes, 

Isms: Nationalism, Regionalism, Protectionism, Populism, 

Cartels, Multinational Corporations, Balance of Trade, Third Party Payments, 

Regulations (OSHA, etc.) Environmental Impact, 

U.S. Prestige Abroad. 

SOCIAL Thought for food: 

Labor Movements, 

Employment Patterns, Work Hours / Schedules, Fringe Benefits, 

Management Approaches, Accounting Policies, Productivity, Energy Costs, 

Generations: Elderly, Boomers, X, Y, Z 

Urban vs. Rural Lifestyles, 

Affluent vs. Poor, 

Neighborhoods and Communities,

ECONOMIC Thought for food: 

Unemployment / Employment Cycles, 

Recession, Balance of Payments, 

Inflation, 

Taxes, 

Rates of Real Growth, 

Distribution of Wealth, 

Capital Availability and Costs, 

Reliability of Forecasts, 

Raw Materials, Availability and Costs, 

Global versus National Economy, 

Market versus Planned Economies, 

Planned or Organic Growth.

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

19) Anticipate the growing shifts in life and business. Nobody wants to swim upstream if the current is moving everything in the opposite direction. Clue your fans in.

If a New Era of Technology is in the Driver’s Seat, Where Are We Going?

4 tech developments that will impact every business this year

Could a robot ever replace you? Predictions from LinkedIn, Kemosabe, Quantcast, and more

 

The Industrial Era Ended, and So Will the Digital Era

Today digital technology is all the rage because after decades of development it has become incredibly useful. Still, if you look closely, you can already see the contours of its inevitable descent into the mundane. We need to start preparing for a new era of innovation in which different technologies, such as genomics, materials science, and robotics, rise to the fore. You can’t rapidly prototype a quantum computer, a cure for cancer, or an undiscovered material. There are serious ethical issues surrounding technologies such as genomics and artificial intelligence. We’ve spent the last few decades learning how to move fast. Over the next few decades we’re going to have to relearn how to go slow again. So while the mantras for the digital age have been agility and disruption, for this new era of innovation exploration and discovery will once again become prominent. It’s time to think less about hackathons and more about tackling grand challenges.” hbr.org Greg Satell TARA MOORE/GETTY IMAGES

Could a robot ever replace you? Predictions from LinkedIn, Kemosabe, Quantcast, and more

I don’t think my job will be taken over by robots, but that doesn’t mean my role won’t change significantly as a result of AI. Although AI ‘stealing’ jobs is a hot topic, we need to look at the array of benefits tech has had on our working lives, and the solutions AI can offer, helping to remove some of the repetitive elements of work and freeing up our time. Looking at the marketing and advertising industry, AI is perfect for picking up some of those admin and data analysis tasks, but technology will never replace humans. With more time available, people can put a greater focus on developing relationships and being more creative with our campaigns, providing the emotional engagement a robot will never be capable of.” By The Drum Photo Tom Pepper, UK director of marketing solutions at LinkedIn, says he’s not threatened by robots.

AI will create as many jobs as it displaces – report

Our analysis suggests the same will be true of AI, robots and related technologies, but the distribution of jobs across sectors will shift considerably in the process.” PwC said about seven million existing jobs could be displaced by AI from 2017-2037, but about 7.2 million could be created, giving the UK a small net jobs boost of around 200,000. Some sectors would benefit disproportionately, however, with jobs in health increasing by 22%, scientific and technical services by 16% and education by 6%. By contrast manufacturing jobs could fall by 25%, transport and storage by 22% and public administration by 18%, PwC said.bbc.com Source: PwC

4 tech developments that will impact every business this year

1. New global landscape. The global economy is being redefined by frequent political and societal changes, which increase uncertainty and risk for businesses, the report noted. 2. Rethinking business models. That means enterprises must rethink the way they have traditionally run their companies, and embrace new tools like digital technologies and data analytics to evolve and remain relevant. 3. Human and machine collaboration. Advances in artificial intelligence (AI) and machine learning have already impacted the workforce, and the relationship between humans and machines will likely continue to augment human skills, more so than replace them, the report noted. 4. Digital workplace. The digital workplace involves flexible, connected workspaces, as workers’ digital lives become integrated across their job and home, according to the report.” techrepublic.com/   · Alison DeNisco Rayome Image: iStockphoto/metamorworks

Telling a good innovation story

Appealing to people’s emotions helps new ideas cut through the clutter. A “best beats first” innovator takes the measure of a competitor who may be dominating a market with an acceptable product, and then leaps to the front with something even better. It’s about winning through cunning, instead of using the conventional playbook of scaling a similar product with heavy investment to maintain share. Many innovators told us that the “fast follower” meme is bereft of emotion: no one ever wins people over by talking about their capacity for imitation.” mckinsey.com By Julian Birkinshaw McKinsey Quarterly  Firms Look to Emerging Tech to Drive New Business Models

While CIOs are increasingly being tasked with deploying and overseeing the new capabilities.

They include a set of artificial intelligence technologiescomputer vision, deep learning and natural language generation – aimed at helping firms “build decision engines that increasingly automate operations and engagement processes,” Forrester analysts said in the report. Other key technologies include business networking fabrics, blockchain and other distributed ledgers, edge, quantum and serverless computing, additive manufacturing, and virtual, augmented and mixed reality. Unlike building up a company’s tech foundation by leveraging various IT products and services, CIOs are increasingly being tasked with deploying and overseeing capabilities with the goal of “creating breakthrough business solutions.” Mr. Hopkins said. blogs.wsj.com PHOTO: EUROPEAN PRESSPHOTO AGENCY

You May Run From It, But Disruption Is Going to Occur All the Same — Here’s How to Embrace Change

The world is constantly changing and improving, which means any business that does not innovate will be outpaced by the rest of the economy. To ensure your company evolves with the times, consider the following tips: 1. Find inspiration in unlikely places. Some industries, such as health care, endeavor to avoid disruption by placing strict regulations on what and how providers can serve customers. Countless companies have tried to disrupt health care over the years and always encounter plenty of red tape. The latest attempt is a joint venture by Amazon, Berkshire Hathaway and JPMorgan Chase. Stay tuned: The disruption there may be big. 2. Stay ahead of technology trends. 3. Lean into disruption as a positive force. In all fairness, disruption is no fun for established businesses. Leaders who are able to view the shifting sands as a prompt to improve their organization and evolve with consumer demands, however, stand to gain financially.” entrepreneur.com  · Per Bylund Image credit: Uber

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

19) Anticipate the growing shifts in life and business. Nobody wants to swim upstream if the current is moving everything in the opposite direction. Clue your fans in.

When’s the Next Recession? Will You Be Ready This Time?

Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

 

Get an early handle on the potential for a major recession, consider the potential impacts on you, your career, your organization and respond sufficiently ahead of any expected economic downturn.

 

Source: Shaping Tomorrow’s AI Robot, Athena. 

Forecast: The Fed will tighten too much and tip that curve into recession territory sometime next year.

Trend: Economic, Political

Sector: Financial

Insight and Source: Economist who helped discover predictive powers of bond market says there’s no sign of recession right now   Ron Insana | @rinsana

 

Forecast: Developed countries are badly equipped for another recession, both economically and politically, and central banks should be wary of raising interest rates just to control inflation.

Trend: Economic, Political

Sector: Financial

Insight and Source: Summers Warns the Biggest Economies Are Not Prepared for Another Recession Christopher Condon , Joao Lima , and Paul Jackson

Forecast: Many economists now expect a mild recession in the U.S. by 2020 at the latest.

Trend: Economic, Political

Sector: Financial

Insight and Source: IDC Forecasts Worldwide IT and Telecom Spending to Slow After Last Year’s Rebound; Economic Risks Have Increased

Related Forecasts:

  • “The U.S. central bank forecast one or two more hikes for 2018.
  • Assuming no additional stimulus in 2020, the fading of the U.S. fiscal sugar-rush after 2018-2019 could lead to withdrawal symptoms that could exacerbate a cyclical slowdown.
  • The U.S. could target an additional $200 billion in Chinese goods, followed by another $300 billion – bringing duties on a total of $550 billion Chinese products, which is more than the $506 billion the U.S. imported from China in 2017
  • In the US, headline inflation is projected by the IMF to increase to 2.5% from 2.1%.
  • The IEA predicts the U.S. will add 1.7 million barrels per day in 2018, followed by another 1.2 mb/d in 2019.
  • Being well overdue for a recession in the US, the unbridled optimism of global investors will eventually end, once they consider the plethora of rising risks.
  • Achieving policy objectives will become more challenging from 2020 amid a technical recession in the US and a faster deceleration in Chinese economic growth rates.
  • In the next three years, a rising amount of bonds maturing within one year entails rollover risk if financial conditions tighten abruptly.
  • A recession in the US will cause economic growth in Canada to slow to a little above 1% in 2020.
  • The risk of a recession really picks up after a year, or sometime in 2020 because that is when you start to see the fiscal stimulus start to fade.
  • One change from recent years is that corporate car rental prices in North America are expected to rise by as much as 5 percent in 2018 due to operator issues.
  • The US stock market is on the brink of an imminent crash that could trigger another global recession.
  • Borrowing costs climb to a four-year high just as investors begin to anticipate a downturn in the global economy.
  • US rate hikes risk triggering a recession in 2019 or 2020 by putting the brakes on growth.
  • With unemployment at 4.1%, inflation fears are rising: Typically, the Federal Reserve starts to increase interest rates to slow the economy and push inflation back into its lair – but in doing so, the Fed raises the risk of recession and pushing down already lofty stock markets.”

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

8 Forecasts to Help You Stay Ahead of the Curve

By 2018, organizations investing in IoT-based cognitive situational awareness or operational sensing will witness improvements of up to 30% in critical process cycle times.

Through 2020, a lack of data science professionals will prevent 75% of organizations from achieving the full potential of IoT.

 

Most Recent Forecasts (of 269,648) Tracked by “Shaping Tomorrow’s” AI robot, Athena, and sorted by PESTLE Categories – Political, Economic, Social, Technological, Lifestyle and Environmental.

Forecast: Global renewable energy prices will be competitive with fossil fuels by 2019 or 2020.

Solar panels reflecting the sun. 3D render with HDRI lighting and raytraced textures.

Trend: Environmental 

Sector: Energy

Insight and Source: “The Twin Revolutions of Clean Energy & AI will conflate as investment and innovation cut the cost of renewable energy, the sector is set to boom” by Dr. Nasser Saidi

Related Forecasts:

  • “Renewable energy will continue to grow more rapidly than fossil fuels over the next two decades.
  • The United States will endeavor to work closely with other countries to help them access and use fossil fuels more cleanly and efficiently and help deploy renewable and other clean energy sources.
  • Renewable transport fuels of non-biological origin, waste-based fossil fuels and renewable electricity will have to be at least 1.5% in 2021.
  • Renewables will be cost competitive with fossil fuels by 2020, but long-term targets could drive demand further and accelerate cost declines.
  • Fossil fuels will remain a key element of the global energy mix over the coming decades but marginal growth is already coming from an increasing array of renewable technologies.”

Forecast: VMware estimates 50% of operations will be cloud-based by 2021.

Trend: Technology 

Sector: Cloud

Insight and Source: “VMware: Decades of hybrid cloud ahead” Antony Adshead Storage Editor

  • VMware estimates 50% of operations will be cloud-based – public and private – by 2021.
  • By 2030 the public cloud will achieve tipping point.
  • Gelsinger said VMware calculations indicate a 19%/52%/29% split between traditional, public and private cloud in that year.
  • Gelsinger said we face, “the biggest transformation in the history of IT” as businesses embark on digital transformation.
  • That may be the case, but by those calculations it’s going to take almost a decade and a half to just about reach halfway.
  • So, another way of reading VMware’s vision as explained at VMworld is that the transformation to the cloud will actually be very long and drawn-out and that for the foreseeable future – probably two decades, even by VMware’s projections – the most mission-critical workloads, such as financial transactions, will not be ready for the off-prem cloud.”

Forecast: 90 percent of organizations will adopt hybrid strategies by 2020.

Trend: Organizations, Technology 

Sector: Cybersecurity, Digital Transformation

Insight and Source: “Cylance® Extends AI-Driven Security to Hybrid Environments and Private Networks With CylanceHYBRID and CylanceON-PREM

Related Forecasts:

  • “By 2018, organizations investing in IoT-based cognitive situational awareness or operational sensing will witness improvements of up to 30% in critical process cycle times.
  • By 2018, more than 25% of Fortune 500 companies will have deployed IT-supported Google Chromebooks across their organizations.
  • By 2021, 50% of large organizations will have integrated disparate business and IT PMOs into enterprise EPMO hubs to enable digital transformation.
  • Fifty-three percent of organizations have already started their RPA journeys that’s expected to increase to 72 percent in the next two years.
  • In Europe the number of data scientists required by organisations by 2020 is expected to be 346,000.”

Forecast: By 2018, organizations investing in IoT-based cognitive situational awareness or operational sensing will witness improvements of up to 30% in critical process cycle times.

Trend: Technology, Internet Of Things

Sector: Information Technology

Insight and Source: “Digital twins help to reshape manufacturing“. by Ashok Kumar

Related Forecasts:

  • “IoT and AI-are expected to have the largest impact on TMT organizations over the next five years.
  • Organizations are predicted to spend US$1.5 billion on IoT security in 2018.
  • Gartner calculates that organizations will spend $1.5 billion on IoT security products and services in 2018.
  • Professional services will account for $946 million of the $1.5 billion in total that organizations will spend on IoT security this year.
  • Through 2020, a lack of data science professionals will prevent 75% of organizations from achieving the full potential of IoT.”

Forecast: In 2017, Roche’s orphan drugs market share accounted for 8.2 percent of the world’s market and is expected to decrease down to 5.2 percent by 2024.

Trend: Healthcare

Sector: Pharmaceuticals

Insight and Source: “Top 20 pharmaceutical companies worldwide by orphan drug revenue market share in 2024 compared to 2017

Related Forecasts:

  • “The Centers for Medicare and Medicaid Services (CMS) will require Medicare Part D prescription drug plans to implement a seven-day initial prescribing limit beginning in 2019.
  • Yuana Yuana, PhD, in the Department of Biomedical Technology at the University Medical Center Utrecht (The Netherlands) will study Drug delivery strategies using drug-loaded extracellular vesicles generated by microbubble-assisted ultrasound.
  • There is widespread speculation that the Amazon joint venture will attempt to cut out the “middle man” in the US drug prescription and reimbursement system.
  • The FDA should remove Takeda’s gout drug Uloric (febuxostat) from the U.S. market after findings released this March show significant deadly heart risks.
  • The Global Orphan Drug market is estimated at $145.89 million in 2016 and is expected to reach $265.63 million by 2022 growing at a CAGR of 10.5% from 2016 to 2022.”

Forecast: Self-driving cars could save $325 bn by 2020 by avoiding accidents and reducing fuel costs.

Trend: Political, Technical

Sector: Automotive, Autonomous Vehicles

Insight and Source: “Driverless cars: Let technology take the wheel

Related Forecasts:

  • “Coal severance taxes are expected to decline an additional 5.2 percent in FY 2018-19 to $3.6 million and 5.8 percent to $3.4 million in FY 2019-20 as the demand for coal as a fuel for electricity production declines.
  • Fuel tax collections in Colorado are expected to grow 1.6 percent and reach $639.3 million.
  • Sustainable biofuels could provide 27 percent of the world’s total transport fuel by 2050 and avoid around 2.1 gigatonnes of carbon dioxide emissions per year.
  • The Trump administration’s decision to weaken fuel efficiency standards could have “serious consequences” for Colorado’s effort to meet its clean energy goals by increasing carbon dioxide emissions from the state’s vehicle fleet by about 1.9 million tons a year by 2030.
  • Weakening fuel oil prices as a result of IMO 2020 could see oil competing again in power generation.”

Forecast: Grouping and infectious disease screening market is projected to reach US$ 7,078.3 Mn by 2026 from US$ 3,079.8 Mn in 2017.

Trend: Healthcare

Sector: Healthcare, Disease

Insight and Source: “Global Blood Typing, Grouping and Infectious Disease Screening Market 2016-2018 & 2026” PRNewswire 

Related Forecasts:

  • “A4NH researchers from LSHTM are working with colleagues from Africa Rice and others to explore how rice intensification can be achieved without increasing the risk of disease.
  • Advances and research in congenital heart disease and significant research funding for various projects are creating enormous opportunities for the global congenital heart disease market in coming years.
  • Environmental groups said they support the NDP’s criticism of open-pen fish farms and a new requirement for Aboriginal consent, but the 2022 deadline is too far off and threatens to further endanger coastal salmon with the risk of disease.
  • The global Polycystic Kidney Disease Treatment market is valued at million US$ in 2017 and will reach million US$ by the end of 2025.
  • The World Health Organization (WHO) has warned that the health of millions could be threatened by increases in malaria, water-borne disease and malnutrition.”

Forecast: The global edge computing market is expected to reach$ 20,495.24 million by 2026 from$ 7,983.61 million in 2017 at a CAGR of 11%.

Trend: Technology

Sector: Information Technology

Insight and Source: “HPE to Invest $4 Billion for Advancement of Edge Computing“.Zacks Equity Research.

Related Forecasts:

  • A substantial portion of the estimated 46 billion industrial and enterprise devices connected in 2023 will rely on edge computing.
  • More than 20% of global enterprises will have deployed serverless computing technologies by 2020.
  • Yale’s next wave of quantum computing research will get a boost from a $16 million grant from the U.S. Army Research Office.
  • Global Cloud Computing market size was 36700 million US$ and it is expected to reach 285300 million US$ by the end of 2025.
  • Cloud computing spending is expected to grow at a whopping rate of 6 x the rate of IT spending through 2020 and it is found to be growing at 4.5 times the rate of IT spending since 2009.

Steps:

6)   Anticipate changing circumstances and economic cycles.

7)   Persist and pivot to navigate external threats and opportunities.

17) Sketch out your trajectory in 5-year timeframes.  Will we fall into another recession?  Absolutely.  Will you be ready this time with future-proofed strategies?

19) Anticipate the growing shifts in life and business. Nobody wants to swim upstream if the current is moving everything in the opposite direction. Clue your fans in.