Driverless Cars: A Driving Force Coming to a Future Near You

Posted by admin on January 20th, 2012

Driverless Car - Concept 18

If you were traveling between Boston and Washington, DC, and had the choice of either flying or riding in a driverless car, which would you choose?

Under good conditions this is an 8.5-hour drive vs. 4-5 hours flying – driving to the airport, wading through security, boarding the flight, landing, and commuting to your destination when you arrive.

Keep in mind that the first wave of driverless vehicles will be luxury vehicles that allow you to kick back, listen to music, have a cup of coffee, stop wherever you need to along the way, stay productive with connections to the Internet, make phone calls, and even watch a movie or two, for roughly the same price.

If you think this vision is far off, think again. Over the next 10 years we will see the first wave of autonomous vehicles hit the roads, with some of the first inroads made with vehicles that deliver packages, groceries, and fast-mail envelopes.

Here are a few thoughts on how this industry will develop.

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Power to the People: The Great Consumer Backlash

Posted by admin on January 6th, 2012

Power to the People 614

On December 29th, Verizon announced it would begin charging a $2 “convenience fee” for any customers paying monthly bills with a credit or debit card via the Internet or telephone.

Within 24 hours, online petitions began to circulate and commenters voiced their condemnation of Verizon’s corporate greed. Instantly, their messages started showing up on websites and message boards across the Internet, and even the FCC responded quickly, announcing plans to investigate the charge. A day after the so-called convenience fee was announced, Verizon caved to public and governmental pressure and scrapped the charge.

This type of public outcry is beginning to happen with ever-greater frequency.

  • Netflix subscribers derailed the company’s July 2011 plans to raise prices and spin off its DVD-rental business by overwhelming it with more than 27,000 comments. CEO Reed Hastings instantly moved from media darling to media demon over night.
  • In October 2011, Bank of America announced a new $5/month charge to use debit cards. In less than a month, more than 300,000 people signed an online petition to stop the planned fee, and over 21,000 customers pledged to close their Bank of America checking accounts. One news anchor even cut up her card on the air. By the end of Oct, the $5 fee was dropped.

These are just a couple recent examples of how consumers are flexing their newfound muscles. But rest assured, the war against consumer injustice is just beginning. We are witnessing the start of a new era – micro-movements. Here’s what may be happening in the months ahead.

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Year in Review: Top 10 Articles on FuturistSpeaker.com

Posted by admin on December 31st, 2011

2011 in Review

The sixth law of the future states, “The “unknowability” of the future is what gives us our drive and motivation.”

The fact that the future is unknowable is a good thing. Our involvement in the game of life is based on our notion that we as individuals can make a difference. If we somehow remove the mystery of what results our actions will have, we also dismantle our individual drives and motivations for moving forward.

There is a whole lot that we don’t know about the year ahead. Yes, it will be messy. Important people will die. We will not cure cancer, just yet. And we won’t find a solution for war. But there is great value in the struggle. Our greatest achievements will come from these struggles.

We can learn much about where we’ve come from, and for this reason I’d like to give you a quick overview of the top articles in 2011 on FuturistSpeaker.com, based on popularity. They touch on jobs, education, crime, food supplies, and most importantly, the future. Join me as we take a look at the future through the eyes of the past.

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Flooring the Customer: Retail 2.0, The Rebirth is Coming

Posted by admin on December 30th, 2011

Future Retail 070

“High expectations are the key to everything” – - Sam Walton

On a recent shopping trip, I went to three separate stores and had difficulty finding what I was looking for. On each of these occasions I talked with a staff person and they told me about an option that either wasn’t apparent to most customers, or that I hadn’t considered.

Yes, the online retail business is stealing a growing percentage of market share, but people-to-people interaction still matters. The problem is that it’s mattering less, and pricing competition is making the people-to-people option a luxury.

Our mobile devices are freeing the retail experience from the confines of the physical storefronts and traditional online locations, allowing shopping to take place virtually anywhere.

In the emerging customer-centric approach to retail, retailers will need to come up with new ways to engage their customers and find ways to lower barriers to purchase. Most importantly, retailers must be prepared to make a sale whenever and wherever a customer is ready. Here are a few thoughts on how they can make that happen.

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28 Major Trends for 2012 and Beyond – Part 1

Posted by admin on December 16th, 2011

Major Trends 2012

We are in for a very exciting year ahead. 2012 is a year where many competing trends will collide, and through those collisions we will see new pathways emerge.

At the same time, many new trends are forming, some with enough steam to form entirely new movements, others that will run their course and splinter into other emerging ways of doing business.

The “new normal” is quickly becoming the “nothing normal,” and our daily routines, the things we use to maintain our own sanity, will need to morph and change if we hope to stay competitive in the emerging job market and even stay current in our own social circles.

With this in mine, I’d like to take you on a journey into some of the trends I’ll be watching in 2012 as the tectonic plates of change inch their way into new positions. Here is the first half of the 28 major trends to watch in 2012 and beyond.

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The Coming Collapse of Bitcoin?

Posted by admin on November 25th, 2011

Bitcoin 1

In 2008 the entire world was beginning to panic as our global financial systems teetered ever so close to total meltdown. Major banks were either failing or near failure, and the entire house of cards seemed to be one 10-of-Clubs away from becoming a meaningless flat stack in the middle of the table.

There was a growing distrust of banks, Wall Street, and our entire monetary system. We had allowed the wrong powerbrokers to gain control and business and industry were collapsing all around us. Visions of the Great Depression and its soup lines were haunting us, like a reoccurring nightmare, causing us to rethink our every move.

Many ideas were percolating in the background, but for one, the timing was perfect. Indeed, it is during the worst of times that we, as humans, often do our best work.

So it was in this collapsing chaos where people were grasping desperately for even the slightest ray of hope when on November 1st in 2008 a mysterious paper appeared on an obscure cryptography listserv describing details for a new digital currency called bitcoin.

It was from this seemingly innocent birthing chamber that this piece of monetary-replacement technology would begin its three-year rollercoaster journey, a journey with great lessons for our future.

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Could Warren Buffett Buy Italy?

Posted by admin on November 18th, 2011

Warren Buffet

Warren Buffett owns many things, but so far owning his own country is not one of them.

In 2008 I gave a talk to an audience of 1,200 at the “Leaders in Dubai Business Forum” along with a dozen other global thought leaders that included best-selling writer Tom Peters, former New York City Mayor Rudy Giuliani, former World Bank President James Wolfensohn, and many more.

Most of the speakers were addressing our depressingly screwed-up economy. I decided to take a different approach and presented my thoughts on emerging new systems for governmental power.

One idea, in particular, raised more than a few eyebrows among the Dubai group: selling islands as autonomous countries.

Dubai had been on the cutting edge of island-building technology, building Palm Island, along with a series of other artificial costal islands, selling them as high-end luxury homes and resort properties.

I suggested that creating new land could lead to the creation of real estate that is unattached and unaffiliated with any existing nationstate or indigenous group — land that could be sold for much more money as an autonomous country. I still see this as a distinct possibility today.

However, looking at the desperate state of countries in Europe today, it may now be cheaper to buy an existing country than to start a new one.

So could Warren Buffett buy Italy, or Greece, or Portugal? The answer may surprise you.

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Invasion of the Digital Body Cloud

Posted by admin on October 21st, 2011

Human Data Field 1

Imagine walking up to a building and having it recognize you. Not only does it recognize you, but it also makes changes in temperature, lighting, and music to make you feel like you’re at home.

Maybe it’s not a building, but a car, a bicycle, pair of shoes, or a pillow? And each of these objects will somehow adjust themselves to match your body size and shape, and somehow sync up with your needs and personality.

Going a step further, what if the objects around us had more than an ability to make one-time adjustments? What if they could learn from us and grow in their understanding of us over time?

If you think what I’ve described is a long time off, think again. The scenario I just described will soon become a common occurrence because of the interplay between three converging forces – Wireless Body Area Network (WBAN) technology, cloud computing, and the processing power of smartphones.

Wearable and implantable sensors are already making serious inroads, and once combined with smartphones and private clouds, we’ll begin to see an entirely new style of living emerge. (Pics and Charts)

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Why Industries Collapse

Posted by admin on October 1st, 2011

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It was roughly two years ago, October 15, 2009, when I got a call from a desperate lady, panicking, as she asked for my help.

Being a futurist, I don’t get many calls from people who urgently need my help. Futurists are rarely first responders.

As she described the situation, telling how a young boy’s life was at stake, and the situation was far too complicated for normal emergency rescue crews, she somehow thought of the DaVinci Institute.

“You work with some of the brightest minds in the world and this situation is going to require a very ingenious solution.” Her voice was dripping with trepidation and fear.

Moments after receiving her call, I turned on the television because the problem she described was quickly unfolding across the nation, gaining national attention, as a six-year old boy named Falcon had somehow gotten trapped inside a small weather balloon that was flying over the Midwest. Yes, this was the legendary balloon-boy incident, gripping the nation in panic and fear until the entire hoax started unraveling.

At the DaVinci Institute, we often tackle complex problems to find solutions. But in today’s world, one of the biggest problems threatening society today is complexity itself. Here’s why.

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Four Fundamental Myths Derailing Academic Change

Posted by admin on September 16th, 2011

4 Learning Myths

When we think about Benjamin Franklin, we instantly think of the author, scientist, inventor, diplomat who signed the U.S. Declaration of Independence and has his face on the one-hundred dollar bill. Ben Franklin was a truly remarkable person, yet he had less than two years of formal education.

I recently came across a study that examined the lives of 755 famous people who either dropped out of grade school or high school. The list included 25 billionaires, 8 U.S. Presidents, 10 Nobel Prize winners, 8 Olympic medal winners, 63 Oscar winners, 55 best-selling authors, and 31 who had been Knighted.

With names like Thomas Edison, Andrew Carnegie, Richard Branson, Henry Ford, Walt Disney, Will Rogers, and Joseph Pulitzer, being an academic failure still left you in the company of some incredible luminaries.

Going one step further, adding the names of well-known college dropouts to the list, names like Steve Jobs, Frank Lloyd Wright, Bill Gates, Buckminster Fuller, Larry Ellison, Howard Hughes, Michael Dell, Ted Turner, Paul Allen, Mark Zuckerberg, and virtually every famous actor, actress, and director in Hollywood, and the dropout list becomes a venerable Who’s Who of American culture.

So what are we missing here? On one hand we are being told that the path to success is through academia. Yet, we have literally thousands of examples of wealthy, successful, business leaders, industry icons, and some of our greatest heroes that took a different route.

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