“People have no idea how fast the world is changing.
So said Peter Diamandis to the audience at Singularity University’s Global Summit, taking place this week in San Francisco. Diamandis believes the convergence of multiple technologies is transforming business models, and they’re never going back.
For starters, the way businesses are born (in someone’s garage, at a college dorm, on a computer or smartphone screen) and come to thrive (through digitization that leads to exponential growth), in the 21st century is radically different than the way they used to do so 100 or even 50 years ago.
But business models may be the least of it. Diamandis said, “Every single walk of life is going to change. Not in 20–30 years, but this decade.” He described the forces he believes are accelerating this rate of change…”