Are you prepared for the future of work?

A well-known venture capitalist recently predicted that, in the long run, all employment will be centered around some kind of information or entertainment, with all physical labor, whether in agriculture or industry, becoming obsolete. “I don’t know if even 10% of people on the planet will have a job in the sense of being paid to do something,” the investor in ventures such as Tesla Motors and SpaceX said. While that horizon seems distant for most of us, the trends shaping this… Read More

Global Manufacturing, Disrupted: Coming Soon to a Factory Near You!

The topic of disruption has captured headlines in recent years with the explosion of new technologies, but for many business leaders, it has been a nagging concern for at least 20 years, when Clayton Christensen first coined the phrase in The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail. In his bestselling book, he describes how even the most consolidated companies can lose market share or even collapse when they fail to relinquish “tried-and-true” business practices and embrace innovation. Needless… Read More

Design Thinking: Solving Complex Problems Using Novel Approaches

Although it may conjure images of creative types donning black turtlenecks and hip glasses, design thinking is far more than innovating new products to dazzle the masses. As Tim Brown, CEO of innovation and design firm IDEO, notes, “Design has become too important to be left to designers.” Originating from the 1960s and evolving ever since, design thinking is a human-centered problem-solving methodology that can be applied at every level of the organization. It is especially useful to tackle complex or poorly… Read More

Industry 4.0: Rev Your Engines

What is Industry 4.0 exactly? To better understand the fourth industrial revolution, let’s take look at the first three. Industry 1.0 took root in the mid-1770s, when factories began to harness steam engine power and replace manual labor with machines. The second industrial revolution – perhaps best epitomized by Henry Ford and his Model T assembly line –  started in 1914. In Industry 2.0, electricity began to power factories and standardized, interchangeable parts gave rise to a wave of rapid industrialization. The… Read More