First, a background to the 12 opportunities :
We quote the imminent consultants McKinsey & Co:“Twenty years ago, less than 3 percent of the world’s population had a mobile phone; now two-thirds has one, and one-third of all humans are able to communicate on the Internet. Technology allows businesses such as WhatsApp to start and gain scale with stunning speed while using little capital. Entrepreneurs and start-ups now frequently enjoy advantages over large, established businesses. The furious pace of technological adoption and innovation is shortening the life cycle of companies and forcing executives to make decisions and commit resources much more quickly.”
The Fourth Industrial Revolution
At Innovating Cosmos we recognise we are living in a time of enormous and expansive opportunity – termed the ‘Fourth Industrial Revolution’.
McKinsey’s claims this Revolution is happening ten times faster and at 300 times the scale, or roughly 3,000 times the impact of the first two Industrial Revolutions of the 18th and 19th centuries. [The 3rd Revolution being the Internet, the fusion of industries, and the digital age that we have all experienced].
This Fourth Revolution is manifesting as a growing cascade of new science, new knowledge, new technologies and new investment. Collectively they mean a very different sort of ‘richer’, better future potentially lies ahead for all of us. Scarcity is being pushed into the basement; to be replaced by enormous potential abundance on an unprecedented scale.
BUT… and there are big buts. Potential is the key word – like a huge spring wound so tightly it’s ready to explode. Currently we’re in a period of enormous transition and massive transformation. Opportunities are manifesting as ‘unsolvable’ problems. The benefits of this Fourth Revolution are highly concentrated, rather than shared and distributed equitably within communities and across the globe. Individuals, organisations and institutions drastically need to synthesise old pasts with new futures.
A different sort of innovation
And, yes, the waves of new technologies will continue to increase. But we also now need, as a global community, to focus on:
- Positively diffusing, adopting and applying the current [and ongoing] technological tsunamis.
- Turning the changes, transitions, and problems they’re causing into new opportunities.
- Disseminating the benefits, and actually creating a better future for all.
This requires a different mind set and focus. And a different breed of social, political, cultural, business, economic, technological innovators – who innovate differently and collectively. Not just to invent the new. But also to apply them to the benefit of all.
Hence the vision of Innovating Cosmos: to positively transform our cosmos - and make life better, fairer, more sustainable, ‘richer’ for all: “one idea, one person, one problem, one opportunity, one project, one technology, one innovation, one organisation, one institution, one community, one nation at a time.”
12 initial opportunity areas for members of Innovating Cosmos to consider
- Any of the specific interests and passions each Member has.
- The huge range of BIG personal, organisational, institutional, national and international ‘problems’ we all face…. Polluted water. Climate change. Countries going bankrupt. Rising inequities world-wide. Armaments. Information overload. Global inequities. Food. Terrorism. Mass migrations of people.Big corporations paying almost no tax. Autocratic regimes. Cities and countries laid waste. Famine. Where do we stop!
- The needs and wants of the poor, sidelined, disempowered, jobless and impoverished communities and individuals, locally, nationally and globally. They make up the world’s largest ‘market’.
- The multi-faceted imperatives of virtually every organisation and institution – social, political, cultural, economic – to transform, as we face more and more technological disruption and the onslaught of so many BIG changes.
- The accelerating range of new technologies emerging - which are:
- Fusing the physical, digital, biological, psychological and social worlds.
- Creating enormous changes in all disciplines, all economies, all industries.
- Opening up a growing plethora of new opportunities for further innovating.
The list is enormous and mind-boggling: artificial intelligence, robotics, driverless vehicles, fully autonomous cargo ships, roads that repair themselves, the explosion of data, 3D printing, quantum computing, smart machines, nanotechnology, virtual reality, new mind science, genome science, custom-tailored medications, education and learning in their totality, and the top to tail reconstruction of our services industries.
- The significant innovating required, as between 50-70% of service industry jobs are automated, productised, made into smart machines, turned into 24/7 on-line services and made global over the next 10-15 years. Currently service industries form 68% of Australian GDP.
- The changing needs of the aging population and generational change e.g. Australians over 65 form 14.7% of our population, and control 50% of the wealth. The entire global population is getting older. Male fertility is falling. And the world’s population is greying dramatically. World-wide, the percentage of people of working age, who pay taxes, is falling compared to those retired, who may need government and societal support and medical services for far longer than ever before.
- . The specific needs and wants of the Millennial generation, aged 17-37 in 2017, who are both our future, and are creating our future. Globally Millennials now make up 50% of the workforce – but until they and our new breed of innovators intervene, they may face a far less fruitful future than what the rest of us have experienced.
- The need to replace massive consumerism, debt financing and planned obsolescence with sharing, ethical production, sustainability and the ethos of reduce, re-use, recycle, and re-purpose.
- The sharing economy and the Internet of things.
- The global shift of the locus of economic activity and dynamism away from the ‘developed world’ to emerging markets - including China, India, Brazil - and to cities within those markets. From 2010 till 2025, almost half of global GDP growth will come from 440 cities in emerging markets—95 percent of them small- and medium-size cities – including Hsinchu, in northern Taiwan, Santa Catarina state in Brazil, and Tianjin, in China.
- The ethical, added value growth and dispersion of blockchain technology, crypto-currencies, and the crypto-economy – supporting a more complex, interactive global web of trade, capital, talent and information flow – based more on ‘intangibles’ than traditional goods.Blockchain? Yes you are right! Right now the crypto world - based mainly on blockchain technology and 1000+ crypto-currencies - is dominated by pirates, conmen, and get rich quick developers and traders.But that is also changing rapidly.So much so, that the Core Team of Innovating Cosmos maintains that, over the next 10 years, as we take blockchain technology, combine it with a plethora of DAPPS – or distributed apps that have sound business models - add, say twenty, surviving crypto-currencies, and we will have a crypto-econony as important, and transformative, as the Internet.
One of our platforms
As a result, we’re using the blockchain technology as one of our platforms for growing Innovating Cosmos as a dynamic, distributed global ecology and community. Other platforms include a YouTube Channel, a podcasting channel and a basic web site.