Morning Masterclass: The Digital Revolution

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1 Morning Masterclass: The Revolution Who am I? Prof. Dr. Bob de Wit What concerns me? - How to lead digital transformation - How to design the strategy process - How to best govern a country - How to adapt business models 0 What do I do? - Director, Strategy Works / Strategy Academy - Professor, Nyenrode Business University - Author, Strategy: An International Perspective - Podcasting: the BobCast How to reach me? +31 (0) B.deWit@Nyenrode.nl

2 100 years of America s top 10 companies U.S. Steel $46.4B AT&T $14.1B Standard Oil of N.J. $10.7B Bethlehem Steel $7.1B Armour & Co $5.8B AT&T $200.5B General Motors $171.2B International Business s $258.6B Eastman Kodak $177B Alphabet $719B Amazon $543B Apple $898B Microsoft $644B Tech Conglomerate Medical Oil & Gas Financial Services Film Swift & Co $5.7B International Harvester $4.9B E.I. du pont de Nemours $4.9B Midvale Steel & Ordnance $4.8B U.S. Rubber $4.6B Texaco $82.3B General Electric $63.9B Gulf Oil $58B Standard Oil of N.J. $106.5B Sears, Roebuck $64.6B Polaroid $58B Facebook $518B Berkshire Hathaway $452B Johnson & Johnson $374B Exxon Mobil $350B JPMorgan Chase $340B Wells Fargo & Co. $266B Rubber Retail Autos Telecom Steel Foods Chemicals Heavy Equipment

3 The vertical impact of the digital wave Digitization Computing Big Data Internet of Things AR/VR s Robotics 3D Printing Markets platforms Blockchain Agricultural Nature Biotechnology

4 A fifth wave Kasparov and Deep Blue (1997) 2000 BC

5 intelligence: a realistic view Source:

6 intelligence: By 2029, AI will have human-level intelligence 2029 is the consistent date date II have have predicted for when an AI will pass a valid Turing test and therefore achieve human levels levels of of intelligence. I have set the date 2045 for the Singularity which is when we will multiply our effective intelligence a billion fold by merging with the intelligence we have created.

7 A fifth wave intelligence Digitization Computing learning Virtual Beings s Robotic Beings Markets trading Nature Sapiens 2.0

8 Intelligence & Computing: learning Meet AI lawyer ROSS intelligence learning Virtual Beings Robotic Beings trading Sapiens 2.0

9 Intelligence & Computing: Virtual Beings The world s first AI news anchor has gone live in China intelligence learning Virtual beings Robotic Beings trading Sapiens 2.0

10 Intelligence & s: Robotic beings Sophia, the first robotic citizen of Saudi Arabia intelligence learning Virtual Beings Robotic Beings trading Sapiens 2.0

11 Intelligence & Markets: trading intelligence learning Virtual Beings Robotic Beings trading Sapiens 2.0

12 Intelligence & Biotechnology: Sapiens 2.0 intelligence learning Virtual Beings Robotic Beings trading Sapiens 2.0

13 Intelligence & Biotechnology: Sapiens 2.0 intelligence learning Virtual Beings Robotic Beings trading Sapiens 2.0

14 CONSEQUENCES FOR INDUSTRIES AND COMPANIES 14

15 Industries are changing (or going to change) fundamentally Mobility Valuation Safety Health

16 Societies are going to change fundamentally 16

17 Societies are changing (or going to change) fundamentally S. Denyer, The Independent, 22 oktober 2016; S. Millward, Tech in Asia, 3 november 2016; D. Galeon, Futurism, 4 december 2016

18 Societies are changing (or going to change) fundamentally Tech companies Public Private Sapiens 1.0 Public Private Public Private??? Regents Merchants Human resources Landowner Citizens Servants 2000 BC

19 Managing the digital revolution: Start with envisioning the future Primary activities Improvement projects Technological innovations Strengths Opportunities Dreams Managing daily business Leading improvements Visioning the future Nightmares Weaknesses Threats short-term medium-term long-term

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