Business and Governments Need to Embrace Digital Transformation amidst the Era of Smart Cities, 4IR, AI, Blockchain, and Fintech
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There is no way to change history. Humanity is digitising 360. Businesses and Governments are the drivers of our society and they have to face the fact that digital transformation is now the new normal. Businesses & Governments must change 100% in a Time where our cities are becoming Smart Cities, our governments (or the ones that will survive) will become smart governments.
This when we have the emergence of the Fourth Industrial Revolution — 4IR with their emerging technologies or the also so called frontier technologies namely — AI Blockchain Fintech.
There is no alternative to digital transformation. The challenge and opportunity is how to do it? “When digital transformation is done right, it’s like a caterpillar turning into a butterfly, but when done wrong, all you have is a really fast caterpillar.” — George Westerman, MIT Sloan Initiative on the Digital Economy
Governments and businesses have to urgently carve out new digital transformation strategic options for themselves.
There is no doubt those that don’t change or adapt, will fail. But the challenge is bigger and bigger as we get into the 4IR — 4th Industrial Revolution.
At least 40% of all businesses will die in the next 10 years if they don’t figure out how to change, adapt their entire strategies — companies to accommodate, use new technologies in their day to day lives. Our era of disruptive technologies is changing, and is about learning — relearning’ even if what businesses knew previously brought them success.
The Fourth Industrial Revolution is more than just about digital transformation 360 or technology. 4IR it is about being able to continually change, learn, relearn, partner & keep transforming. It is about keep moving! Businesses, SMEs are the backbone of the economy — they account for 65% of net new jobs — and they not only need tokeep up with technological developments but also with the rising consumer trends. Businesses have to be able to create interactive ecosystems and communities with their products & solutions!
In the UK alone there are over 5.7 million small and medium businesses, 32 million SMEs in USA, in 2016, the number of companies in China was 77,469,000 in the world the number goes to 430 million! 90% don’t have a website! Multiple researches estimate that half of the activities & more than 800 occupations people are paid to do globally can, will be automated using the current existing technologies by 2030!
In this world dominated by data & continuum digital transformation innovation, businesses & governments need to faster keep adapting — upgrading and creating digital sustainability models if they are to thrive. Most of businesses and Governments aren’t prepared at all for digital transformation — 4IR — AI!
At least 50% to 60% of all businesses will die in the next 10 years… if they don’t figure out how to change, digital transform their companies, employees to accommodate new technologies & accelerated change. Businesses & governments will have to learn how to use these tools more than being overwhelmed by them. That starts by education, re-learn, accept change and see digital as the new normal.
The DNA of our times!
“90% of CEOs believe the digital economy will impact their industry, but less than 15% are executing on a digital strategy.” — MIT Sloan and Capgemini
The impact of 4IR technologies — digital transformation on businesses / Governments will be about how fast and flexible they can execute, move — change.
Smart governments and smart cities, AI, blockchain, fintech are still in its inception. But these technologies are mostly tools. The businesses and Governments that don’t digital transform, use these tools right will disappear as old dinossaurs, no matter how big or small they are!
Are you ready?
Dinis Guarda is the founder and chief vision architect for citiesabc.com and CEOCreatorAuthor of freedomxcom. He has before created the platforms openbusinesscouncil.org, fashionabc.org, intelligenthq.com, hedgethink.com, tradersdna.com and and IP technologies blocksdna.com, lifesdna.com, iDNA and indexDNA.
With 20+ years experience in international business and digital transformation Dinis Guarda has been a Lecturer and guest Speaker in international business schools such as: Cambridge, Kings College, Copenhagen Business School, INSEEC, Monaco University among others. Dinis is the author of various books. His upcoming book, titled 4IR Magna Carta Cities ABC: A tech AI blockchain 4IR Smart Cities Data Research Charter of Liberties for our humanity is due to be published in 2020. Before that, he has published “4IR AI Blockchain Fintech IoT Reinventing a Nation“, “How Businesses and Governments can Prosper with Fintech, Blockchain and AI?”, also “Blockchain, AI and Crypto Economics – The Next Tsunami?” among others. He was responsbile for over 20 books/ebooks/magazines published in various languages.
Dinis is a serial entrepreneur and CEO / chairman of the companies ztudium / techabc / open business platform. Dinis is involved as a strategist, board member and advisor with the payments, lifestyle, blockchain reward community app Glance technologies, for whom he built the blockchain messaging / payment / loyalty software Blockimpact, the seminal Hyperloop Transportations project, Kora, and blockchain cybersecurity Privus.
He is listed in various global fintech, blockchain, AI, social media industry top lists as an influencer in position top 10/20 within 100 rankings: such as Top People In Blockchain | Cointelegraph and https://cryptoweekly.co/100/ .
Between 2014 and 2015 he was involved in creating a fabbanking.com a digital bank between Asia and Africa as Chief Commercial Officer and Marketing Officer responsible for all legal, tech and business development. Between 2009 and 2010 he was the founder of one of the world first fintech, social trading platforms tradingfloor.com for Saxo Bank. More about him here https://www.openbusinesscouncil.org/wiki/dinis-guarda/
