 Question why the future is exciting? I think it's an important question Easy to answer right, but why is it exciting? I think what we're seeing I don't like give you some facts, okay? This is why the future is better than we think First of all global trends are absolutely amazing for example the extreme decline in poverty This is happening in almost all countries the worst part that's against this is the increase in inequality So more people are making more money and less people are making less money and more people are making less money That's completely different than poverty, but poverty is declining Mortality rate of infants and kids declining The cost to map the human genome used to be billions of dollars. It's 820 euros now Roughly in five years the cost of mapping the genome will be about five euros And there's enormous things we can do with that Live expectancy we've already talked about this global population growth is not Going to leave us with 20 million people billion people. It's actually slowing Yeah, we're going to be 10 billion people and that's a lot of people. We're not gonna be 20 billion. That's that's a positive development Energy and this is the world's energy need And predictions are roughly in 20 years, you know somewhere up the curve there We'll be able to cover our energy needs with renewable energy That's when energy becomes as cheap as Spotify Imagine that for a second I mean, that's a huge shift in society. You can see that here, you know, what's happening with oil and gas and You know their clean energy Curve you could see battery technology for example, right? I mean look at the beginning of the battery technology advanced energy capacity zero, right? I mean, look at this is a huge the exponential curve Without batteries none of this will work So this is a huge thing also for airlines finders. I mean all of the curves combined in one graph you can see There's lots of good things happening You wouldn't believe it when you're looking around that it seems like everything is going bad, right? So within 20 to 30 years, we're very likely to be able to and hunger and food shortages Stop and maybe reverse climate change Be it major diseases decelerate water solve the energy problem That's 20 30 years. I mean, it's not much time and overall space, right? So it's kind of late for us maybe to enjoy the whole of that but our kids will be in the full benefit of that so I will tell you a few other things that are Little bit more challenging for example the fact that because of technology anything that can be digitized or automated will be I Mean literally anything teaching invention science robotics warehouses distribution Driving, okay, that sounds like bad news, but here's the good news Anything that cannot be digitized or automated or virtualized becomes extremely valuable And what is that? That's that's us Human thinking creativity design understanding negotiation invention So that is a I think it's actually a bright future, but of course it will challenge us So a lot of people talk about that future being our you know They the most efficient optimized robotic systems in the world and then again, there's the useless humans. I Don't think we're going to be useless humans I'll tell you in the afternoon more detail about why that is but this is I think the more positive outlook on the future Let's do quickly about the mega shifts and we'll go back to the poll and then take a short break and get their brain to to vent so big chapter in my book is called the mega shifts and Basically, this is a recipe for corporate change for how to change companies Because guess what it's not just this one thing, you know when when I talk to companies. They're saying now How about digital transformation? What is digital transformation? That's like social media, you know Nobody knows it's a word anything. You don't know you just say its transformation, right? Or AI right, but but it really is all these things are happening. It's going mobile. It's going personalized And it's basically one of the key points is that things are becoming data fight So things that used to be stupid like medical records Paper records that nobody knows what it says except for the person who wrote it And now that's going into the cloud I mean that is changing everything including of course security issues Cognification which means that machines can actually think right they can compute stuff like traffic lights and environmental sensors and Automation changing our entire society anticipation being able to predict scenarios This is a very important factor of banking and also telecom of course augmentation I'll talk about that in a second So we'll talk throughout the day through those mega shifts, but I'll show you a couple examples I think to 90% this is a huge opportunity here So my recipe is for corporate changes to say well if you want to understand the future the first thing you should do is Understand the mega shifts and what they do because all of the competition now is coming Based on the mega shifts companies that are coming there from the mega shifts for example This is an example of Google and the The codification of the health business, right? So Google is working on a contact lens that can read Medical data nanobots in your bloodstream It sounds like science fiction already being trod not entirely legal. The FTC has said some of that can be done the smart pill That you swallow that diagnosis your body It's kind of a hard thing to say whether you would believe that's accurate or not And what exactly else it would do like you know give data to the NSA, maybe I don't know but Cognification of that system and then you have this right you have robotics This is happening around the world already It's very popular in Japan to have robot companions. I Think in societies in Europe this will be more difficult because we tend to want to have actual people You know you can you can talk to them And you know for old people they would tell you to take your pills And that's you know, there's hundreds of products to do this we have two of them here by the way Play podcast, you know do I mean it basically again, it's not a robot. It's a friend, right? Let's keep that in mind The blockchain, right you guys have heard about the blockchain Okay, yeah, I won't talk much about it because they will I will blow the frame of today But the blockchain is essentially a distributed peer-to-peer exchange system of important information And the first embodiment what was Bitcoin of course But now the blockchain is set to reinvent banking insurance and anything with large amounts of data Estimates roughly in five years we can do transactions for 95% less costs Using a distributed file-sharing system The only key point here is control. I'm sure you know when you're in this business Controlling financial transactions, but we have many opinions, you know saying this is going to be as important as email Some people say as important as the next Internet and there's already many insurance companies and executives and of course in Energy and environment. This is becoming one of the key components. So blockchain is one of the key Results of this. So sometimes I like to say this is our future and I think this really applies to Greece very well and We just take X whatever business and we make it smart I call this a smart converter So smart cities smart government that that would be a true conversion Smart energy smart forming smart banking smart media smart media. That's already happening a little bit So basically you can say you know smart agriculture Very big deal Also increase of course vertical farming for example Farms built on high rises So all that stuff is a huge opportunity. I mean, this is all wide open and smart cities for example Most cities in the world are now have major initiatives to make the city connected To figure out how to reduce emissions to make more room to improve transportation I mean, that's a giant opportunity. I'll show you opportunity map in the second here is for example smart marketing Okay, this is a digital billboard That recognizes the car that goes by and changes the ad So this is basically completely targeted advertising So if you're driving a Jaguar, I will show you what else you can buy that's also from Jaguar or whatever, right? This is That was technically impossible until just recently That's just one glimpse of the future You know how that's becoming smart smart marketing and smart things like this So in the past we electrified We dealt with electricity in the future. We're cognifying We're giving things the ability to think like the car Now let's make no mistake about this. These these things don't think like we do at all. I mean, they think like a machine That's good enough Because they can do a lot of really powerful things here. I mean this guy is clearly excited about being driven in the Cocknify car and what does this mean for business? You know, it This is a mind-boggling change to cocknify your business To make to use machines to create more intelligence And personalized ads, but this could also be a nightmare, of course You know, you have you have here these kind of this is a a hotel app called hotel tonight But you may know it's one of the most powerful that if you ever stuck anywhere in the world in the in the day And you don't have a hotel reservation use this app It's called hotels tonight. You can get four and five star hotels at 80% discount And that's because it's done virtually directly to the cloud where you are and they have a chat agent It's basically using your cognitive systems and you know to figure out what the future is so some people are saying smart machines Will do 85% of all customer service interactions by 2020 smart machines Today when you call the airline you have to wait a long time because you know, it's a person The other day I was part of a trial in India and they trialed a new system that was completely Artificial intelligence in robotic systems in the cloud. I made 10 phone calls to change my reservation and From the 10 I could only tell one that it was a machine Okay, I mean I called the person was a software, right? I gave my pin number my P and R And the system responded gave me all the options rated rate all the options pulled up all my information It was a little bit like mechanical, but could have been a person Imagine what that will do the call centers 95% of people that's 14 million approximately