Change is constant, but at the moment, the rate of change is dramatically accelerating. We need to be following those changes and thinking about how they will affect customers, staff, and our business…
The following points are taken from Udo Gollub, the CEO of 17 Minute Languages Facebook post...
Software will disrupt most traditional industries in the next 5-10 years.
Uber is just a software tool, they don't own any cars, and are now the biggest taxi company in the world
Airbnb is now the biggest hotel company in the world, although they don't own any properties.
Artificial Intelligence: Computers become exponentially better in understanding the world. This year, a computer beat the best Go player in the world, 10 years earlier than expected.
In the US, young lawyers already don't get jobs. Because of IBM Watson, you can get legal advice (so far for more or less basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans.