Been there done that.......
If I roll back to the coffee conversations with my techie colleagues this day 10 years ago, the common theme would have been the stock-market or more precisely the NASDAQ. This is odd because when most people entered the industry they wouldn’t even have had the basic dictionary of stock-broking terms. By early 2000 we were all stock picking guru’s talking about our imminent retirement. By late 2000 the prospect of retirement came alright, but not as expected.
Phrases such as “I lost the price of a family home on my shares in the last 2 weeks” were common place. We’ll things go full circle and that family home is now probably as worthless as the shares you purchased back in 1999.
Now technology is back centre stage where many of the original ideas such as eCommerce and High-speed mobile broadband have become reality.
The industry has matured but more importantly the world has changed dramatically. If Technology was the Golden Child, full of hope and promise in the late 1990’s, it transformed into one hell of an ugly teenager in the early 2000’s. Roll on 2010, maturity has come to all sides and the darling daughter of property and finance has just hit the teenage years and shades everything the elder child ever did wrong.
At the moment
Cloud computing is delivering a super-computer into every home in the world.
Mobile Broadband is making it possible to bring your super-computer with you wherever you go.
On-line communities give you access to limitless experts willing to contribute
So what about the next 10 years...........
Even if you have been making agricultural ploughs for 150 years, unless you’re hooking into applications that predict weather patterns for the next 10 years chances are that somebody else will be better serving your market before you can do anything about it.
Technology will be pervasive across the entire business cycle driving efficiencies and re-shaping industries everywhere.
- Build it and they will come approaches will be no more, the size of the market, the price points will be known before any resources are committed
- From concept to delivery every event will be monitored, tracked and improved
- Survival will depend upon your organisations speed and ability to learn and evolve.
- Risk will become a bad word, information will used more and more to eliminate risks and establish more accurate predictions and feedback for corrective actions
Businesses will become leaner, more specialised, evolve faster and the key driver will be technology turned into Applied Business Intelligence
The businesses that’ll be around in 10 years time will be those that have switched from “Lean and Mean” to “Solved and Evolved”.
