30 May A Big Shift that could uber-ize entire industries
The Big Shift
Who will rule the future economy—entrepreneurs or mega corporations? Will the economy fracture into smaller and smaller bits or centralize in a winner-take-all scenario? The answer was addressed by John Hagel, President and CEO at Deloittes Center for the Edge, at a recent speech at Singularity University’s Exponential Manufacturing conference.
..we're all going to become free agents..
Hagel believes understanding the big shift is key to navigating an increasingly uncertain economy driven by digital technology, liberalization, and globalization. The question is less about whether the big shift is on and more about where it’s taking us. And according to Hagel, two competing visions vie for our economic future.
“There’s one side of the debate which argues that the impact of all this digital technology is to fragment everything,” Hagel says. “We’re all going to become free agents—independent contractors will loosely affiliate when we need to around specific projects. But basically, companies are dinosaurs. We’re going to fragment down to the individual. The gig economy to the max. That’s one side.”
Another view, Hagel says, suggests we’re moving toward a winner-take-all economy in which network effects enable a few organizations—the Googles or Facebooks of the world—to capture most of the wealth while everyone else is marginalized.
“You couldn’t have two more extreme positions,” Hagel said. “Which one is right?”…
Below you can read a resume of John Hagels speech or download his thoughtpiece on the big shift “The hero’s journey through the landscape of the future”.