Disruptive technology is eating the $6 Trillion energy industry. In the last 50 years, the cost of solar panels has dropped by an astounding factor of more than 1,000. In the last decade alone, solar and batteries have dropped in price by a factor of 10, offshore wind has become suddenly cost-competitive with coal, and electric vehicles have gone from obscurity to accounting for half of vehicle sales in China and more than 1 in 5 vehicles around the world. The globe now spends more each year on solar power than on exploration for oil. And the rising surge of AI datacenters will only exacerbate the demand for cheap clean electricity. These trends will not stop. As the cost of clean energy and electric mobility continues to drop, the $6 Trillion a year energy industry faces its largest ever disruption. And numerous other industries – from transportation to shipping to railways to real estate to computation – will be disrupted along the way. Energy futurist and investor Ramez Naam – one of the first to forecast this clean energy disruption - illustrates the pace of these changes, and provides 4 pieces of concrete advice on how to thrive and invest in the face of it.
Artificial intelligence is a technology with the power to disrupt or amplify business in every industry, in every part of the world. While many business people believe that AI is only available to technology companies, the opposite is true. AI techniques and algorithms are now widely available for any company to use. The secret to using artificial intelligence profitably is the data, not code. Ramez Naam demonstrates that companies that do the best job capturing, organizing, cleaning, and employing their data are the ones that will develop the most accurate AI in their industry, creating a crucial advantage for their products and their business.
Business disruption happens at a faster pace now than ever before. The average lifetime of dominant companies has dropped from 60 years in the 1950s to just 15 years now. New technologies – from AI to 3D printing and more – combine with new, network-based business models to enable startups to rise from obscurity to multi-billion-dollar valuations and market-leading positions in the blink of an eye. Established companies have to respond by increasing the pace of their internal innovation, empowering experimentation by employees throughout the organization, embracing the best parts of new business models, and ultimately by having the courage to disrupt themselves.
From AI to biotechnology, from space launch to quantum computing, from fusion power to global pandemics, we're living in an age barely dreamt of just decades ago. The pace of change accelerates every decade. Are we headed for a singularity? Will AI replace human jobs? Will AI replace humanity itself? Can we save the climate before we suffer global catastrophe? Can democracy survive social media, AI, and permanent outrage? Award winning science-fiction author, startup investor, computer scientist, and energy futurist Ramez Naam gives a tour of the multi-faceted disruptions facing our society, the risks individuals, businesses, and nations face, and the path to a better world for all of us.
In the last 20 years, the sources of value for businesses and investors have completely inverted. Where once businesses thrived based on commodities, products, and service, the new class of market leading corporations thrive by building platforms and leveraging network effects. New technologies – from AI to 3D printing and more – enable these companies to grow at an astounding rate. The combination of disruptive technologies and platform business models is deeply disruptive to established leaders. The average lifetime of dominant companies has dropped from 60 years in the 1950s to just 15 years now. For investors in the 21st century, it's vital to understand these platform business models, and how to invest in companies that leverage them, and to protect their portfolios from disruption along the way. Similar to Future of Innovation and Disruption.
We're living in the age of exponential technologies: Computing, AI, machine learning, robotics, self-driving cars, 3D printing, drones, virtual reality, augmented reality, the internet of a trillion things, and more. The sudden surge of their performance empowers individuals and new players, but threatens to disrupt incumbent businesses. The only way to respond is to re-organize for the exponential age, embracing experimentation, autonomy, bottoms-up innovation, networked business models, and an empowered, inspired workforce. Here's what leaders can do to change their organization and to become disruptors rather than be the disrupted.