The Future Is Faster Than You Think - Peter Diamandis & Steven Kotler

10 May 2020 4:38 PM | Anonymous member (Administrator)

This is the third book from bestselling authors and futurists Peter Diamandis and Steven Kotler which tackles the challenges of the future. The first, Abundance, looked at the really big global issues, such as poverty and hunger. The second, Bold, considered our new emerging technologies and how they may create a raft of powerful new entrepreneurs. This latest volume, The Future Is Faster Than You Think, is a prophecy outlining how our world will change in response to the next ten years of rapid technological transformation.

Jumping straight in with flying cars, you could be forgiven for wondering what this book has to do with the future of work. Yet the in-depth exploration of how the technologies of today are evolving and permeating every aspect of our lives includes a view on what the new world of work will look like. Not only is how we get to work going to change, the places we earn our living and the new areas of commerce that technology will open up are discussed and dissected in detail, laying out the opportunities and threats that will present themselves in the coming decade. And it’s all coming so much faster than you think.

The Future Is Faster Than You Think is laid out neatly in sections covering all aspects of our lives – work, rest and play. Neatly packaged in three sections, the book takes you on a ride that gets faster and more fantastic with each section while never losing plausibility of the arguments and discussion posed.

Part one: converging technologies

Section one begins with fantastical flying cars that are already a reality. From here, individual technologies such as 3D printing, bespoke medications, applications for blockchain technology and materials science are all explored. All of these and more are advancing, on their own, at a rapid rate. Yet, as the book explains, when these technologies converge, the rate of advancement accelerates exponentially. Innovations explode, feeding off each other and creating a positive feedback loop that gets bigger and bigger, affecting more and more people around the world. What was once far-fetched fantasy could now be within the reach of reality and delivered to your door by the end of the decade. One of the biggest beneficiaries of this will be our new world of work.

Daily commutes can be replaced with VR connections. Our hyperconscious world, with its constant stream of information, is likely to be managed largely by AI’s designed to makes sense of this barrage of data on our behalf; all with the aim of making our lives easier and happier. This same AI is likely to augment our workforces and deliver more meaningful, engaging and enjoyable jobs for all.

Part two: welcome to the the experience economy

Part two looks at how the seven main areas of America’s commerce – retail, advertising, entertainment, education, healthcare, insurance, and food – where more than 80% of Americans find their employment, will change beyond recognition in just a decade. Crowdsourcing ‘on steroids’ will negate the need for insurance. Healthcare will become accessible to more and more people around the world, and what’s more, it’ll be tailored to your own unique DNA. Education will become immersive and entertaining – geared towards putting students in a state of flow enabled by AI that monitors the student as well as providing lessons. Because of this we’ll be able to learn more, remembering and integrate the knowledge being imparted.

All of this is made possible with the merging of technologies. The lack of teachers can be answered by virtual reality and artificially intelligent programs. Advertising will become so personal,thanks to Geolocation technologies and the understanding of our mountains of data by AI, that advertisers and brands will need to be careful not to overstep the line between helpful and creepy.

The experience economy, already growing at scale, will come to replace the product and service economies. Retail will change so much it becomes unrecognizable in comparison to today’s experience of shopping. Customer service assistants will be supported by AIs or otherwise replaced by them.

When taken all together and dissected to see how each of the advances in different technological fields will influence and impact the others, the question becomes not ‘how can this be possible?’, but ‘why aren’t we seeing more of these changes already?’

The truth is, in some parts of the world, these changes are already afoot. Children in Africa are self-educating with a basic tablet loaded with educational games and tutorials, nothing more. Smart objects in the home are already ensuring we never run out of coffee and switching off the heating when there’s no one around to benefit from it. Blockchain technology is facilitating smart contracts between workers in the gig economy from different corners of the world. Our world is becoming smaller, faster, and smarter, thanks to the many individual technological advances. When these advances converge, technology bounds ahead at an increasing speed. We start to realize a world where every individual is connected and given agency and the ability to engage with any other human on the planet – no matter where they physically stand. This in itself could be the largest innovation in all of history to date.

The waves of acceleration explored in part one are followed as they spread through all of the sectors investigated in part two. The impact on our daily lives is both far reaching and fantastical. Up until here, the book keeps its view to the coming decade, and if you through it was tracking fast then, in part three, things go into overdrive.

After detailing the disruption we’ll grow to expect and accept in our daily lives over the coming decade, the authors begin looking at the global effects of these disruptions and how they can, and already are, being used to answer some of the most pressing problems of our times.

Part three: a new technology-led World

Part three is where things get really exciting; taking a longer term view that looks at the next century with ease. As well as exploring the solutions that are already in process for the pressing issues of clean water, climate change, biodiversity loss, extreme weather and pollution, the authors look at how various migrations will bring about a world far more akin to William Gibson’s Neuromancer than the one we’re living in now. Technology won’t take work away, it will simply change it to beyond anything we’ve imagined up until now.

When the Internet took hold of the world, 2.6 new jobs were created for every one job that became extinct, across 13 different countries. The same pattern can be expected for the proliferation of AI, robots and other converging technologies. People will be able to retrain quickly and efficiently thanks to the advances in education and its cross-over with VR and AI. Workforces are likely to be made up of teams including disembodied AI, robots and creative humans. New tech will emerge to answer the new problems that arise with these changes.

Technology has given us, and is still giving us, the tools to answer the problems facing us today. Unusual collaborations between massive corporations like Coca-Cola and prolific inventors like Dean Kamen are now providing drinking water to small, remote villages in Africa. Renewable energy sources such as solar panels and wind turbines are already surpassing traditional forms of electricity production. As is pointed out, time and again, the biggest hurdle holding us back from solving humanities biggest and most pressing crises today is cooperation on a global scale.

However, even if we do learn to cooperate on this unprecedented level before it’s all too late, the convergence of technologies and multiple climate crises is likely to create more jobs as well as the biggest population migration the world has ever seen.

Migration is one area of human movement that promotes innovation. The need to adapt to a new culture encourages immigrants to meld their familiar solutions with the new cultures they are integrating with. A natural byproduct of this adaption has been shown to be innovation – new products, processes, businesses and jobs. As new worlds open up through the coming century, migration to space, other countries, the cloud, virtual and augmented realities will take place.

Further advances like brain-computer interfaces and nano-bots that enable extreme longevity will create a civilization that is light-years ahead of where we stand today, and all of this in less than 100 years.

Conclusion

This book details our journey from now towards greater abundance, meaning and happiness. It’s going to be a wild ride that just keeps getting faster.

If you’ve been wondering how cleaner air, more efficient agriculture or faster transport options are going to impact the world of work, this book lays it all out in scarily precise and plain detail. Our world is speeding forward on a path to an ever more healthy, wealthy and happy period of humanity.

The Future Is Faster Than You Think is a terrific summary of how the world may change to the next decade’s wave of technological disruption. Well written and genuinely fascinating , The Future Is Faster Than You Think is a discerning and perceptive look at the future and the new world of work.

About the Talent Transformation Guild

The Talent Transformation Guild provides resources for professionals that are preparing for upskilling being triggered by 4th industrial revolution and accelerated by Covid-19. Members include c-level executives, human resource professionals, consultants, and coaches. As a member-driven organization it promotes best practices via webcasts, webinars, podcasts, articles, white papers, research and conversations to improve and make the best of the talents of individuals for the benefit of themselves and the organisations they work for.

The Guild enable stimulating and meaningful discussions to help professionals prepare for talent transformations at individual, team and organizational levels. The Guild supports the Talent Transformation Pyramid, an open source model, designed specifically to recognize the widest possible range of talent influencers and skills. To date many decision-makers are caught in traditional, linear thinking and immediate concerns to consider this. The Talent Transformation Pyramid enables you to address the challenge by promoting more strategic thinking with a focus on an organization’s readiness to perform. https://www.talenttransformation.com/

About the Future of Work

According to the World Economic Forum, new and emerging technologies are affecting our lives in ways that indicate we are at the beginning of a Fourth Industrial Revolution. This new era will build and extend the impact of digitization in new and unimaginable ways. The Fourth Industrial Revolution can be described as the advent of “cyber-physical systems” involving new capabilities for people and machines. This will see new ways for technology to become embedded within societies and even our bodies.

With process automation, robotic automation, the internet of things the nature of work will change. Some analysts predict that more than 40% of tasks currently performed by humans will be delegated to machines. This does not mean that 40% of people will be put out of work but it does mean that most workers will have to upskill. HR experts are predicting this will dramatically change the landscape of our workforce.


About the Guild's Founders

Eric Shepherd an accomplished leader of international businesses and associations focused on talent, assessments, and success. Eric recently stepped away from a CEO role where he worked to build a SaaS company into a multi-million-dollar international assessment software business. Eric has also led industry and standards initiatives to promote best practices for assessments, learning, and interoperability. He currently serves as Chair of the IEEE P1484.20.2 working group developing Recommended Practice for Defining Competencies. Eric has previously served on Boards and working groups for:

  • HR Open Standards that defines interoperability standards for HR technology.
  • Association of Test Publishers and the European Association of Test Publishers that represents providers of tests and assessment tools.
  • The IEEE P1484.20.1 Standard for Learning Technology—Data Model for Reusable Competency Definitions working group.
  • IMS which defines interoperability standards for educational technology. 

Eric was instrumental in developing the IMS QTI interoperability standard and assisted with the US Department of Defense Advanced Distributed Learning (ADL) initiative to define the Sharable Content Object Reference Model (SCORM) and the Aviation Industry Computer-Based Training Committee (AICC) to define launch and track standards for Learning Management Systems.

Martin Belton has provided marketing solutions to organizations supplying HR and Learning solutions throughout Europe. After working with some of the UK’s leading PR Consultancies, he joined Questionmark where he was Sales and Marketing Director working alongside Talent Transformation’s co-founder Eric Shepherd. He was also Sales & Marketing Director at Kallidus (formerly e2train) for seven years before working as a marketing consultant to organizations supplying talent and learning systems including Netex and Saba. Most recently Martin has organized the eLearning Network Annual conference and exhibition.

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