Living in Third Industrial Revolution
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This document discusses emerging technologies and their potential impact on organizations and value creation. It notes that if an organization does not change internally at the rate of external change, it risks failure. New technologies like 3D printing, robotics, the Internet of Things, and blockchain could enable distributed, collaborative models of value creation outside traditional firms. Local production networks utilizing these technologies may reduce costs, speeds, and the need for large organizations. The future could include open, global collaboration on designs as well as microfactories producing local goods on demand.
Living in Third Industrial Revolution
- 2. Thx to R. Wieselfors, Ericsson for photos
- 3. Thx to R. Wieselfors, Ericsson for photos
- 4. If the rate of change on the outside (of an organization) exceeds the rate of change on the inside, the end is near.... -Jack Welch
- 6. MX3D to 3D-print steel bridge using robots
- 7. Within 6 years: Challenging the fiat money system? Bitcoin = Non-fiat currency Community + internet + open source + CPU Teigland, Yetis, Larsson 2013 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2263707
- 9. People • “Net generation” • 24x7 “mobile” workforce • Knowledge via MOOCs • Sharing not owning • Sustainability Technology • Broadband access • Mobile phones • The cloud • Internet of Things • Big Data • 3D printing • Robotics/AI • VR/AR • Holography • Blockchain Open Source IP • Software • Hardware • Physibles Convergence of….. Finance • Microlending/microfinance • Crowdfunding/equity/P2P • Non-fiat cryptocurrencies • Mobile money/payments • M2M payments
- 10. History tends to repeat itself…. Innovation, financial crisis, industrial revolution, … Steam engine Internal combustion engine Internet Microelectronics Late 18th C Late 19th C Late 20th C Schön 2008 Third industrial revolution?
- 13. ...to offices…
- 14. …to server halls and …
- 15. .… “Third Places” and co-working spaces US: 40% of workforce freelancers
- 16. Hoffice – Sharing your home with local freelancers Structured working process
- 17. Jobs that did not exist 10 years ago iOS/Android developer Social media manager UI/UX designer Big data architect Cloud services specialist Digital marketing specialist Sustainability expert Zumba instructor Beach body coach http://talent.linkedin.com/blog/index.php/2014/01/top-10-job-titles-that-didnt-exist-5-years-ago-infographic
- 18. OpenSimulator: A value creation ecosystem Academic Entrepreneur Hobbyist Large Firm Non-profit Local Public Federal Public Research Inst SME Employee Periphery Teigland, Di Gangi, & Yetis 2012 USD 5.5mln in development costs
- 19. And new forms of “face to face” meetings
- 20. No one knows everything, everyone knows something, all knowledge resides in humanity.networks. Adapted from Lévy 1997Image: Krebs
- 21. Community platform Hierarchicalfirm VS E.g., Electrolux, Ford ~ Created by employees within organizational boundaries E.g., Quirky, Local Motors ~ Created by community collaborators regardless of affiliation Teigland, Di Gangi, & Yetis 2012 Changing models of value creation?
- 22. software
- 23. “Local Motors is the place for people to create influential vehicles together.” https://www.youtube.com/watch?v=qj28q7HvfJ4 • 1000x cheaper to produce new car model • 5-22x faster production, depending on vehicle
- 25. Microfactories – Local and Mobile
- 26. Local Motors to print 3D cars in one of its micro-factories http://3dprint.com/79342/local-motors-reload-3d-car/
- 28. A 3D printer workshop on Lisette’s boat RepRap community E-commerce
- 29. Scheveningen Harbor – The Hague
- 30. My first attempt at 3D printing – successful!
- 31. Local networks of 3D printers
- 32. Increasing access to capital through all forms of crowdfunding…
- 33. Developing circular economies Local materials? Reduced consumption? Reduced transport? Fueled by local “money”? And by IoT?
- 34. What’s around the corner? 24x7 Global Internet Collaboration + Open Source + 3D Printing http://mashable.com/2013/02/13/robohand/ $60,000 $150 Available for free download on $45 Where is the firm?
- 35. Exploitation Improving existing value creation activities Exploration Developing new value creation activities Adapted from March 1991
- 36. The future is already here, it’s just not very evenly distributed. - William Gibson
- 37. Robin Teigland [email protected] www.knowledgenetworking.org www.slideshare.net/eteigland www.funnovation.se @RobinTeigland If you love knowledge, set it free… If you like this presentation and would like to contribute to our research, we accept bitcoins: 14hs4JbnQLXE87GGzu84uXGaspmxmnLpwC. Thank you!!!!!