Rethinking Retail and 18 Examples of Change

Posted by admin on February 17th, 2012

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What music comes to mind when you try on your new pair of jeans? Does that “music in your head” somehow change when you try on a different brand?

The next time you try on a piece of jewelry, pay very close attention to the emotional experiences that run through your mind as you touch and feel the jewelry.

Even though clothing and jewelry are inanimate objects, they are closely tied to an emotional response, and brand managers today are working overtime to figure out ways to both cultivate and amplify that emotional connection.

One fascinating example of this is Gomus, a Brazil-based music branding company that embeds RFID tags in clothing. When a customer tries on a piece of clothing in the changing room, music will automatically come on that matches the feel or mood of the clothing.

This is just one example of how retail stores of the future are attempting to differentiate themselves from the online world. Here are 18 more examples of how future retail is on the verge of becoming an exciting new frontier for both product designers and consumers alike.

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2 Billion Jobs to Disappear by 2030

Posted by admin on February 3rd, 2012

Futurist Thomas Frey at TEDxReset Istanbul 2012 201

A picture of me speaking at yesterday’s TEDxReset in Istanbul.

Yesterday I was honored to be one of the featured speakers at the TEDxReset Conference in Istanbul, Turkey where I predicted that over 2 billion jobs will disappear by 2030. Since my 18-minute talk was about the rapidly shifting nature of colleges and higher education, I didn’t have time to explain how and why so many jobs would be going away. Because of all of the questions I received afterwards, I will do that here.

If you haven’t been to a TEDx event, it is hard to confer the life-changing nature of something like this. Ali Ustundag and his team pulled off a wonderful event.

The day was filled with an energizing mix of musicians, inspiration, and big thinkers. During the breaks, audience members were eager to hear more and peppered the speakers with countless questions. They were also extremely eager to hear more about the future.

When I brought up the idea of 2 billion jobs disappearing (roughly 50% of all the jobs on the planet) it wasn’t intended as a doom and gloom outlook. Rather, it was intended as a wakeup call, letting the world know how quickly things are about to change, and letting academia know that much of the battle ahead will be taking place at their doorstep.

Here is a brief overview of five industries – where the jobs will be going away and the jobs that will likely replace at least some of them – over the coming decades.

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Crowdfunding: 23 Unusual Ways it May be Applied

Posted by admin on January 27th, 2012

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November 2009 was when Michael Migliozzi and Brian Flatow started a website called BuyaBeerCompany.com who’s lofty goal was to buy the ailing century old Pabst Blue Ribbon beer company. In less than two years, working to match the $300 million sale price, the pair attracted over 5 million investors pledging upwards of $280 million, with an average pledge of $40.

The SEC found out about the money raise and put a stop to it in Sept 2011. The problem? They hadn’t registered the offering with the SEC and they targeted unaccredited investors. These are two major no-nos in investment circles.

Because no money changed hands, only pledges, the two escaped charges, but the entire incident fueled the interest of some very prominent people who saw the potential for invigorating the cash-strapped startup and small business world where most new jobs get created. The concept of crowdfunding was born.

On November 3, the U.S. House of Representatives overwhelmingly passed H.R. 2930, a crowdfunding bill that will allow startups to offer and sell securities online. The Senate will likely vote on the bill in early 2012.

After eight decades of arguably the most restrictive rules for raising capital in the world, we are standing on the precipice of a new era for funding: crowdfunding. Here are 23 unusual ways in which the crowdfunding revolution could redefine the business to investor relationship.

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Power to the People: The Great Consumer Backlash

Posted by admin on January 6th, 2012

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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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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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55 Jobs of the Future

Posted by admin on November 11th, 2011

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“There is no future in any job. The future lies in
the person who holds the job.” – George W. Crane

One of my primary complaints with higher education is that they tend to prepare students for jobs of the past. The way a Midwesterner would phrase it, “they are constantly shooting behind the duck.”

Similarly, whenever a column is written about the best paying jobs of the future, jobs like civil engineers, registered nurses, and computer system analysts, they are all jobs that currently exist today.

Yes, many of these jobs will still exist in the future, but every one of them will morph and change as technology and communication systems make their impact.

As an example, technology research firm IDC predicts the amount of data businesses will have access to will grow 50-fold over the next decade. As data becomes cheaper, faster, and more pervasive, the nature of our work begins to change as well.

The first wave of baby boomers has now turned 65. As this generation greys, their needs will change. Their growing numbers and increasing medical needs will require a different kind of health care professionals to take care of them.

As a rule of thumb, 60% of the jobs 10 years from now haven’t been invented yet. With that in mind, I’ve decided to pull together a list of 55 jobs that will be in high demand in the future.

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Accomplishment-Based Education

Posted by admin on October 28th, 2011

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Today, our best and brightest are drawn to elite colleges like Harvard, Princeton, MIT, Stanford, and Yale. As they attend these institutions they are surrounded by some of the most talented people in the world.

Yet, despite having all the cards aligned in their favor, and being presented with one huge opportunity after another, many of these people fail. They fail at their jobs, fail in their businesses, and fail to live up to their full potential.

So what if a new kind of proving ground were created, an anti-academic college of sorts, where graduation was predicated on success? Where success wasn’t defined as academic success, but as real-world accomplishments.

And what if this new institution not only attracted the best and the brightest, but also the most determined and driven? And what if this organization completely rewrote the rules of academia and created an entirely new rung on the ladder of success?

That is exactly what could happen with accomplishment-based education. Allow me to explain further.

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Invasion of the Digital Body Cloud

Posted by admin on October 21st, 2011

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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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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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