So far, in the Digital Economy, it has all been about how Artificial Intelligence will cause massive job losses. A November 2017 McKinsey Global report points out that, by the year 2030, more than 800 million jobs will make way for 200 million “transformed” jobs in the new Digital Economy. What those 200 million jobs …
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Over the past few weeks, I came across a few articles, all on the topic of the speed of development of Artificial Intelligence (AI) and what it could mean to us. The first one is from techcrunch and it provides some compelling charts along with some predictions. Specifically, at some point in the near future, …
“I am irreplaceable”. I heard this statement when I watched a clipping of Priyanka Chopra’s interview with TIME magazine. “PC” is an Indian movie star, a former Miss World (year 2000) and plays the lead role in Quantico. A few other statements and thoughts from the interview stayed with me. Here is a female actress …
In an earlier post I mentioned the importance of “seeing around the corner” and also how to accomplish that. But simply seeing round the corner, and understanding the next big thing is not enough. You need to keep working on three other things to be able to capture maximum value out of the future environment. …
It is the year-end and then the beginning of a fresh New Year. So how can I not talk about planning and goal-setting for the New Year? However, this time we will take a long-term view. A year = 12 months = 4 quarters. A year is a good time to review the plans and …
Speed One of the cultural differences between the likes of Google, Amazon, McKinsey, etc. and corporations (such as manufacturing companies) is SPEED. The value of speed in your own personal quality and in a corporation’s culture cannot be overstated. The likes of McKinsey perform information collection, analysis and then presenting findings in a highly compressed timeframe. This …
Building trust Last week I read a post on the “speed of trust” and it got me thinking. The author, Stephen M.R. Covey (different from Stephen R. Covey of the “7 habits of highly successful people”) makes a great point in the post about “high trust, high speed, low cost”. Anytime we hear about the …
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Anchor – effective negotiation Anchoring or focalism is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the “anchor”) when making decisions. During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments. Once an anchor is set, other judgments are made by adjusting …
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Stepping out of your comfort zone For effective self-development and for realizing your full potential, you must develop the habit of stepping out of your comfort zone. When was the last time you stepped out of your comfort zone, feared that what you were getting into would be a failure, or nervously considered that you …
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Extreme self-motivation The other day I was watching “Koun banega crorepati” (KBC), the 2014 season Hindi edition of “Who wants to be a millionaire”. With viewership well into the tens of millions, the biggest draw is undoubtedly Amitabh Bachchan, the Bollywood icon and the show’s compere. From a leadership and self-development perspective, the first candidate …
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