Emerging Technologies, Innovations & Trends, Part 3

So we’ve finally reached this mystical place known as the last blog post of the class…

We started the semester by discussing the impact of Digital Disruptions, explored the five different aspects of the Enterprise Architecture stack, and ended here, discussing Emerging Technologies and Trends.  So we know the impact (the disruptions) that new technologies and trends can have on our organization.  What tools and methods are available to help us decide if the disruption is worthwhile?  If our organization

CIO Insight offered these 4 tips:

• Establish an emerging technology evaluation process that helps CIOs adopt only those technologies that will have a positive business impact. Evaluations should ask the questions: What does the company hope to achieve, and how will the hardware or application help meet that goal?
• Don’t get overly enamored of new technologies and applications without first looking at how the products might apply to the organization and its business needs. It sounds obvious enough, but many companies have gotten burned investing in products that were hyped by vendors although they weren’t well-suited for their needs, budget, IT infrastructure, culture, etc.
• When deciding on a new technology investment, don’t rely on intuition to make the call. Also, don’t make the decision in a technology vacuum. If possible, the people who will be using the products should be involved in the decision-making process, so they can express opinions about how well the technology meets their needs and whether it will help them do their jobs better.
• Before purchasing a new technology and implementing it broadly across the enterprise, if feasible, test the product on a smaller group to understand how users will accept the technology. By doing this, IT executives can also become aware of any implementation problems that might arise and how to troubleshoot them.

In today’s “instant gratification” culture, it would be easy to just grab any new technology that catches your eye and try to use it.  We know that companies market to individuals this way all the time.  In reality though, marketers approach organizations the same way.  Having a process by which to evaluate new technology is crucial to the actual success of the effective use of that technology.  Otherwise the company is not only throwing away money, but it is taking time away from the important, strategic actions that should be taking place.

If there is no real benefit to the technology, then you are simply feeding your coins to a lost cause…

Emerging Technologies, Innovations & Trends, Part 2

Image Source: Brian Solis

Let’s continue looking at the work of Brian Solis.  One of Solis’ more interesting recent endeavors is to put together an annual list of what he considers to be the top Disruptive Technology Trends for the current year and forward.   Here is his list for 2016-2018:

1) The New Brand: Experiences are More Important Than Products

Customer experiences become more important than products; companies now have to consider how products and services enhance specific lifestyles and workflows.

The legacy value of brands is overtaken by brands that earn relevance by investing in engagement and collaboration in moments of truth…beyond creative. Marketing becomes CX. This includes the sum of all disparate parts, marketing, product, sales, service, support, CRM, R&D, etc. Brands must also zero-in on the needs, values and aspirations of a generation that defines everything radically differently than previous generations.

2) Goodbye Sharing Economy, I Want My On-Demand Economy…Now!

Was there ever really a sharing economy if no one was actually sharing? The sharing economy officially dissolves: everything becomes on-demand and this forces economists and ultimately businesses to understand new markets and workforces that create alternative supply based on rising demand. On-demand companies and their ecosystems of workers and customers trade on the value of reputation + trust + value.

Beyond seeing the “Uber or Airbnb of everything,” new classes of services will rise and fall based on new behavior and expectations. I also refer to this movement as the “selfish” economy in that consumers will expect every business, even those that are traditional, to do business where transparency, immediacy and context reign supreme. Everything will be on-demand, including B2B services.

3) Digital Detox Improves Digital Productivity

Digital is its own drug. People will learn how to hack their workflow because they have to. There’s too much email, too many meetings and not enough leadership to change routines. This leads to the need for individual productivity hacks. These acts go beyond employee efficiency; they will improve experiences and relationships professionally and personally. Everyone will need some sort of digital detox and/or focus.

While some will simply unplug from the Internet, others will discover and share “life hacks” such as…

• Writing down distractions from tasks at hand
• Checking email once a week
• Scheduling meetings in 20-25 minute increments
• Listening to music without lyrics
• Spending 10 minutes a day on Headspace
• Fasting from media
• Not responding to every txt
• Turning off all desktop, social and mobile notifications

4) Every Company Undergoes Digital Transformation and Gains Empathy in the Process

Digital transformation – the re-alignment of, or new investment in, technology and business models to more effectively compete in a digital economy – becomes standard. Companies will invest in digital customer experiences to improve experiences for all customers and employees.

There is no one type of customer or employee. Thus, digital transformation efforts will not be informed by digital trends; instead, social science will help decision-makers better understand how digital trends affect how people work, shop, communicate, what they value etc. Technology will then be an enabler to human-centered transformation in the enterprise to create more adaptive models, processes and systems to evolve.

5) The Dynamic Customer Journey Changes Brand Dynamics

The customer journey decentralizes, becoming a series of non-linear mobile-centric micro-moments, mimicking everyday consumer activity and communication. This sets the stage for relevant brand and product serendipity.

For example, Google learned that 90% of smartphone users are not absolutely certain of the specific brand they want to buy when they begin looking for information online. And, 65% look for the most relevant information regardless of the company providing it. How companies become discoverable and how they lead customers through their journey requires a new marketing infrastructure to support a customer journey comprised of micro-moments. This means that legacy strategies are good only for yesterday’s customers. To reach mobile customers in each moment of truth requires new methodologies for search, advertising, content engagement, sales and support.

6) The Consumerization of Work Turn Employees into Collaborators 

The consumerization of work goes beyond IT and devices; workflow, behavior and expectations mimic real-world apps like Snapchat, Uber, Tinder, etc.

Digital employees and customers think, act and expect differently. They want every business to feel, serve and work just like their favorite apps.

Enterprise software will start to mimic consumer apps and ultimately reshape the role of IT and the processes it manages to support employees. Slack is just the beginning of an enterprise renaissance that doesn’t just change tech – it changes how companies (and people) work.

7) Humans Need Not Apply for Old Jobs

The gap between expertise for the jobs of yesterday and tomorrow is widening. Everyone becomes students again. Yes – robots already are and will continue to automate workflow. Factories aside, intelligent devices are replacing people in front-line roles such as those at eateries, including Eatsa and McDonalds.

Traditional education no longer suffices as people are learning basic skillsets without understanding or knowing how they correlate to tomorrow’s careers. People will specialize in tasks that computers need humans to complete. Scholastic and workplace education will formalize computer-proof and computer-partnered careers and programs, and thus education becomes a constant.

8) The Age of Corporate Renaissance

Old ways give to new business models, processes and philosophies; disparate departments merge, uniting tech and complementary disciplines.

Marketing and IT work together rather than compete. CX, CRM and marketing form new experience teams.

CIOs realize the “I” stands for “innovation” and as such understand external/internal behavior to rethink how people and tech work together now and in the future.

Training and education become proactive to help modernize the workforce.

HR undergoes a renaissance to provide a workplace that is native to Millennials and up-and-coming Centennials.

9) Corporate Innovation Centers Displace or Complement R&D; The Maker Movement Becomes Threat or BFF to Incumbent Companies

Traditional R&D is no longer sufficient. Big companies invest in innovation centers: some aim to act like startups, others set out to partner with or acquire them, and some seek to lure people away from #startuplife.

Either way, innovation centers allow slow-moving, risk-averse companies to spark new ideas, experiment faster, fail faster and gain momentum to affect HQ and force change from the outside-in.

Some great innovation that cannot see the light of day within larger organizations will develop new markets, upset incumbents and either succeed solo or rollup into those companies that could not innovate.

The maker movement is “Shark Tank” for geeks and it doesn’t need judges to fund them; there’s Indiegogo, Gofundme, Kickstarter, et al. for that.

10) Culture Finally Gets Its Time in the Spotlight – Welcome to Culture 2.0

Culture is largely misunderstood and undervalued by the C-Suite today. It’s one of the reasons morale is at an all-time low. This will change because it has to. Employee engagement or the lack thereof creates a morale-busting “engagement gap”, giving way to an executive-level charter to invest in “culture 2.0”

11) Businesses Must Live by Radical Transparency to Gain Trust and Business of Customers

Businesses must also practice radical transparency or risk irrelevance. Customers want to do business with companies that match their beliefs and values. Customers are more aware and informed now. This means businesses must run counter to its normal practices, change and communicate this vision and changes in everything. With a more plugged-in understanding of human nature, businesses will not only create a happier and more productive culture: they will benefit from empowered employees, leading to an internal renaissance that yields new and innovative products, services, processes, and more.

12) Schools Pay Students to Learn and Become Agencies that Connect Companies with Expertise

The race for technical talent extends to Africa and other non-traditional establishments (such as prisons, etc.) to train qualified students computer and engineering sciences. Specialized schools will identify and teach students – even pay them to learn – and become an IP lab for companies to employ, similar to how outsourcing of other business functions works today.

13) Jarvis is Your New Chat Buddy and He Ushers in a Dawn of Conversational Commerce

Chatbots (and a dash of human interaction) turn messaging into concierge services (aka virtual assistants) and eventually predictive services that simplify everything from search to shopping to travel to customer service.

This sets the foundation for “conversational commerce.” The ability to buy products and order services without leaving the chat window becomes the new norm for everyday shopping, much like Amazon has become the standard for e-commerce.

Intelligent attendants such as Microsoft Cortana, Google Now, Amazon Alexa and Apple Siri will become staples in how people navigate life and work. Very soon, the complicated and often silly questions you ask of Alexa and Siri, will be answered.

You’ll be taken aback for a split second and then you’ll go on as if you couldn’t have lived without it.

14) Mobile-first Behavior Transforms the Web

The entire Web will be re-imagined for a mobile-first and mobile-only world that is screen, location, context and intention-aware. This radically transforms the purpose of the web to become more dynamic, personal and useful at a time when people are forcing the end of a traditional information-broadcast, page/form-based, keyword world. Everything from websites to apps to commerce will require overhaul or complete innovation to cater to the EGOsystem, or the demand for real-time personalized engagement.

15) The New @Machine Age Discovers the Fountain of Sleuth

Quantum computing dramatically accelerates the artificial intelligence race, applying machine calculations that are 100 million times as fast as today’s machines. IBM’s Watson is being applied to healthcare, finance and even cooking, to explore new solutions in cognitive computing. AI can sort through and assess information that humans may have missed or never considered. This type of work is already leading to new treatments, products, services, and yes, recipes. You can bet it will also be applied to call center technology and may or may not make you want to use counter services such as @service in response.

Artificial intelligence is just one area that will benefit from experimentation. Machine learning will also yield innovation in pattern recognition, predictive analysis, mimicked common sense, and even new ways to compute and solve problems.

More immediately though, breakthroughs in programming will eventually iterate and innovate existing engineering issues, air traffic control, curing diseases, etc.

16) Reactive Medicine Gets Proactive

Regenerative medicine cuts through the ethics debate by helping everyone gain access to cloneable organs.

Nanobots will be able to assess and fix us from within. Those made from our own DNA will eventually help cure us from deadly diseases ranging from blocked arteries to cancer.

Healthcare and athletic brands will also learn from Disney’s massive Magicband investment to bring big data insights to improve health and life experiences as part of a Human Operating System (Human OS). A human operating system becomes a platform for innovation that mimics the Apple product and iCloud universe. A Magicband-like device and other products designed to work in its ecosystem are constantly plugged into personal clouds accessible by healthcare providers. Blood, oxygen, vitals and more will shift the practice of medicine from reactive to proactive care.

17) The Sh#tshow that is The Internet of Things Finally Plugs into the Human OS

The Internet of Things becomes the Internet of Sh#t because it’s a mess with too many products and apps competing for consumer attention. This creates confusion and chaos as devices are proprietary, capabilities are too narrow and not reflective of everyday life and only a few companies such as Google’s Nest and Apple’s Homekit are designing plug-and-play smart ecosystems. Even still, technology must be invisible and interoperable.

Developers must plug into the Human Algorithm and the Human OS, envisioning the body and critical activities as an ecosystem/platform rather than technology and device-first products.

On the immediate horizon, smart connected products (The Internet of Things) will help consumers in transparent means, such as in-product communication, where products communicate to manufacturers, users and suppliers about state, maintenance needs and updates. This will be done in-home and also onsite where locations become smart about visitors to better guide experiences.

18) Live! Streaming! Mobile! Video! Now!

Live streaming (video) continues to bring niche moments to life, interrupting streams everywhere, making conversations on demand a form of engagement and entertainment. This makes everyday activities such as gaming, sports, concerts, events, TV, discussions, etc., become content and its hosts and participants the new weblebrities. This puts pressure on Youtube, Vine, Facebook, Snapchat to rethink video algorithms and subsequently monetization/advertising platforms. With streaming services forcing the unbundling of traditional subscription channels and the democratization of content production and distribution, consumers re-define programmatic content and reshape the definition of “TV.”

19) Say Hello To My Little Mends; Drones Join the Workforce

Drones will continue to revolutionize photography and videography but real innovation will derive from utility in vertical applications such as delivery, care, exploration, etc.

20) Ctrl-P: Print Solutions at Will

The proliferation of 3D printing solves problems and creates solutions in vertical industries (healthcare, aerospace, automotive, manufacturing, etc.), disrupting supply chains as it matures.

Personal applications will initially be served by brick and mortar establishments such as home improvement, auto repair, and other services where parts take time, are too expensive or unobtainable.

21) Siri, Take The Wheel

You may already own your last car. Autonomous vehicles will start to make their way onto public roads as laws rapidly iterate to make way for the inevitable. v1.0 will be very beta, with initial cars shipping with steering wheels and requiring drivers to “take a back seat” but be ready to take over at a moment’s notice. Fully autonomous, self-driving cars will be on the road by 2025. Cars will learn not only how to drive, but also how to limit or strategically consider accidents, injuries and even death of passengers, drivers and pedestrians.

Intelligent transportation not only changes how people, goods, etc., get from point A to point B, but also how vehicles and technology talk to one another to create safer passage ways. Each will also transform regulation to expedite a connected grid where transportation engineering and infrastructures as well as vehicles, gear, components, etc. work together.

22) Experiences Get Real Virtual

Oculus, Hololens, MagicLeap are bringing the virtual world to life. Immersive computing will find its niche beyond industrial design and start to permeate high-end gaming and other experiential sectors. It will open up an entirely new world that truly brings VR/AR alive…or closer to lifelike.

VR/AR are already a given. As gear becomes increasingly portable (think something like Google Glass), though, experience architects and next-gen imaging equipment will design immersive 360-degree experiences that don’t just replicate everyday life, but instead enhance and even challenge it. Think about shopping with products and attendants that appear out of nowhere, or information about products that come to life as you pick them up. When you visit Hawaii and the land where Jurassic Park was filmed, you will have the opportunity to actually visit Jurassic Park. Playing games where the field of play is your physical environment with challenges greeting you in your own space. Total Recall and Minority Report are just around the corner.

23) Power On…ward

In-home battery systems provide an entry-level solar solution to those with electric cars. Systems such as Tesla’s Powerwall and Powerpack lead to a battery innovation race that benefits households, devices/appliances and other goods powered by less eco-friendly means and the greater power sector.

24) Fashion Sense Gets Smart, Darlings

Intelligent or smart fabrics (E-textiles) make clothes more than fashionable or useful: they become part of a new genre in the wearable movement. Working together, many types of sensors integrated into one larger garment can tell different stories and unlock new possibilities.

Clothes will have beacon-like technology to control/inform surroundings. Clothing articles will transform based on environment and activities, and also sustain desired body temperatures.

Through Bluetooth technology, clothing will communicate body status to core devices that track performance, state, etc. for you and your healthcare provider.

25) Finance Gets a Makeover Inside and Out

The blockchain allows you to create a public ledger system that’s accessible for all, and secure. Blockchain technology will influence global financial organizations to rethink banking infrastructures. Rather than transacting based on the individual, currency and ultimately goods become individual assets. Each transaction becomes a micro-purchase around your account, but it doesn’t actually involve your personal authentication. Authentication is performed by your assets. All of this is recorded on your bank’s open blockchain ledger in real-time, easily and inexpensively.

Speaking of banks…based on the rise of the “selfish economy” and the consumerization of all tech, the idea of what a bank is and how people interact with it creates new micro-banks that look, act and perform banking functions for a digital/mobile generation.

26) The Cloud Takes Over Business

Critical ERP systems beyond CRM, marketing, etc. move to the cloud. Businesses cannot compete at the speed of digital Darwinism if they don’t change how they “do” business.

Nearly a third of all enterprise resource planning (ERP) systems in the world will attempt the migration to the cloud in the next two years.

I found a number of these very interesting due to personal experience as well observation of some of these trends first hand.

3. Digital Detox Improves Digital Productivity – I have observed a greater number of friends & acquaintances who have started regularly disconnecting from digital media.  For myself, I have actively used a couple of the “life hacks” mentioned such as “Spending 10 minutes a day on Headspace” & “Listening to music without lyrics”.  Both of these actions appear to have increased my concentration level while I am engaged in either work or study.

14. Mobile-first Behavior Transforms the Web – The trend towards “Mobile-first” behavior on the web has been rapidly growing since the time this article was written.  At times, this can be unfortunate for the end user as many companies have attempted to migrate to a “mobile-first” approach without real consideration if there was an actual need.

24. Fashion Sense Gets Smart, Darlings – As existing types of wearables have gotten more and more popular, there are new types of wearbles rapidly being developed in the market as well.  I am expecting to see sensors integrated into clothing within the next year due to collaboration between a fitness wearable maker and a sports clothing manufacturer.

26.  The Cloud Takes Over Business – As cloud hosting has come down in costs, it’s only natural that businesses will start looking at it more seriously.  Even though the economy has recovered somewhat in the last few years, this has not stopped companies from looking for additional ways to reduce local costs and outsourcing the physical IT hardware resources is a very attractive opportunity. In all reality, most companies have nothing to really lose from such a transition.

It will be interesting to see over the next year, how many more of these trends continue to progress and become mainstream.

Emerging Technologies, Innovations & Trends, Part 1

We started roughly 11 weeks ago with the topic of digital disruptions due to the fast pace of innovation and technology adoption.  As we slowly are coming to the end up the semester, the last topic for discussion is Emerging Technologies, Innovations & Trends.  Innovations bring about change, which in turn brings about disruption.  We have gone full-circle and are back at the beginning…

We talked about the Fast Pace of Technology Adoption, the meaning of Disruptive Technology, and discussed How People Adopt Technology Innovations, but we haven’t really focused on the actual nature of the innovations and trends we are currently facing.

To explore some of those innovations and trends in depth, lets review some of the material of author Brian Solis, a well-known author on the subject of Digital Disruptions.  On his website, Solis refers to himself as a “digital analyst, anthropologist and futurist.”  In his own words:

I study disruptive technology, specifically innovative technology that gains so much momentum that it disrupts markets and ultimately businesses. In the past several years, disruptive technology has become so pervasive that I’ve had to further focus my work on studying only disruptive technologies that are impacting customer and employee behavior, expectations and values and affecting customer and employee experiences. I can hardly keep up with today let alone consider the potential disruption that looms ahead in every sector imaginable including new areas that will emerge and displace laggard perspectives, models and processes.

Starting back in 2009, Solis started creating the below graphic which he calls the “Wheel of Disruption.” Every few years he would update it to add new trends or technologies.  The below image is his 2015 version.  The main intent of the graphic is to show the “Golden Triangle” of real-time, mobile and social, surrounded by the cloud, which as Solis says is “inspiring incredible innovation and thus producing new and disruptive apps, tools and services.”

Image Source: Brian Solis

In Part 2, We will look in more detail and some of the predictions that Solis has made regarding upcoming technology and trends.