Last month in Europe, I had a chance to participate is some interesting discussions at The Next Web (TNW) Europe and NEXT Berlin conferences. The discussions centered around where we are on the curve of technology development, what the scene looks like now, and what the future holds. TNW Europe inspired me to share my thoughts here on the topic of inevitable market evolution, in particular which aspects will be instrumental in this progress and the empowering phenomenon of embracing the possibility to fail and change.
Attending NEXT Berlin boosted my confidence about those conclusions and motivated me to write a few words of a follow up. Connected cars, or “new mobility,” Internet of Things, smart houses, e-health, and digitalized personal medicine, application of cloud and big data in various industries from automotive, to home appliances, to army, and to FMCG, all are proof that the world is changing at a stunning pace. And all that is fueled by the evolution of organizations and how they set up their IT, hosting strategies and environments.
The most invigorating talk, in my opinion, at NEXT Berlin was given by Peter Hinssen. His keynote on The New Normal gave the audience a couple solid “ah” and “ha” moments. Here are some of the highlights I took away from the talk:
- Technology is not only relevant to (almost) every aspect of our lives; it is in fact obvious, if not commoditized. Digital is present everywhere, from grocery shopping, to stopping at traffic lights, to visiting a dentist office, to jogging, to going to the movies, to sharing holidays greetings with our friends, to drinking fresh water from our taps, and so on. Technology we use privately usually surpasses what we use at work. The moment we receive access to something new, we immediately expect that to be working seamlessly and we get irritated if it doesn’t (think: national coverage of LTE, Wi-Fi available on board of aircrafts, streamed HD on-demand television, battery life of smart devices). We take technology for granted, not because we’re arrogant, but because it is omnipresent.
- Information and technology are becoming equally available to all, leveling the landscape and helping organizations stay ahead and constantly re-invent themselves. Access to data and new tools is no longer a privilege and luxury that only the biggest fish can afford. Nowadays, thanks to an expansive spectrum of as-a-service offerings, every organization can get an insight of their buyers’ attitudes and behaviors and change accordingly to gain competitive advantage. Those who resist to constantly remodel the way they operate and serve the market, will be quickly outrun by dozens of those who understand the value of being agile.
- Organizations and markets run on two different clocks: one is internal, the other is external, and very often they are unsynchronized. The bigger the gap between the clocks, the less chance for that organizations survival. People learn new technologies very fast and become their users faster in private than professional space. Legacy processes, miscommunication, misperception, and sometimes ignorance overshadow the reality that the progress is on a slower lane when it comes to business. The development is unstoppable and it keeps on becoming more complex and more intense. Not to fall behind, organization need to become ‘fluid’ to respond real-time to those flux conditions.
- Society and markets are operating as networks. In order to serve them efficiently, businesses need to reorganize their structures to operate as networks. With the dominance of social, the typical organizational hierarchy is detached from buyer’s mentality. In our private lives, we trust more of our peers, we give more credibility to influencers who have solid network of followers, and best ideas are fueled by different, unrelated sources. Applying the same principles to professional environments, restructuring the organizational chart from top-down reporting lines to more of a network topography, hence going beyond traditional divisions, silos, and clusters, will boost the internal creativity and innovation.
- Information is not a pool with a fixed option to “read” and “write “anymore. It is actually fluid and should be seen more as a river with infinite number of branches and customers sitting at the heart of each cluster. It is not an organization who decides what and when is being said and known. The discretion belongs to users and buyers, who share widely their insights, reviews, likes, and opinions and whose recommendations—either coming from an individual or in an aggregated form—are much more powerful. At the same time that set of information is not static, but dynamic. Organizations should respect, embrace, and adapt actively to that flow.
Peter claims we’re probably not even half way down the S curve of that transformation. Being part of it, seeing those disruptive organizations grow on our platform, having a chance to talk to so many smart people from all over the world who shape the nowadays societies and redefine businesses, is one of the most thrilling aspects of working for SoftLayer. Even if my grandma still associates cloud with weather conditions, I know my kids will be all “no way” once I tell them a story of how we were changing the world.
Wondering what will be the age test for them…