The organisation of tomorrow, despite differences in industry, location, products and services on offer, will all have one thing in common: they will use some sort of token as the key enabler to their business. Organisations have multiple options when selecting the type of crypto token. The token economics they opt for influences the likelihood of success for the organisation. Tokens are the fuel of the decentralised economy and William Mougayar, the author of The Business Blockchain and Managing Partner and Chief Investment Officer at JM3 Capital, describes a token as: “A unit of value [...]
In the next five to ten years, your workplace will look fundamentally different. Thanks to technologies such as artificial intelligence, the internet of things and robotics work as we know it will drastically change. The future of work will come with great opportunities but also with plenty of challenges for organisations. It will require employees and management to adapt and work smarter. AI will augment your jobs, the Internet of Things will provide you with details insights and robotics will replace many jobs. In the coming decade, your workplace will be datafied and digitalised. [...]
Data security in tomorrow's organisations will be fundamentally different than data security today. If you believe that data security today is a challenge, you will be surprised what it will be tomorrow. As I have said many times over: every organisation will be hacked, and if you are not yet hacked, you are simply not important enough. That counts for today, where human hackers have to be selective who to attack. Tomorrow's organisations, however, will not only have to deal with human hackers but will increasingly face machines autonomously hacking your organisation. Sounds scary? It should [...]
The organisation of tomorrow will look fundamentally different than today's organisation. Those enterprises that are aware of the upcoming changes can best prepare and achieve competitive advantage in a data-driven society. Consequently, the future of work will require management and employees to take a different approach when it comes to creating and delivering a product or service. The future of work will be defined by three concepts: data, decentralisation and automation that will radically change leadership, culture, privacy and security. Let's discuss each of these concepts. The Future [...]
Artificial intelligence offers a lot of advantages for organisations by creating better and more efficient organisations, improving customer services with conversational AI and reducing a wide variety of risks in different industries. Although we are only at the start of the AI revolution, we can already see that artificial intelligence will have a profound effect on our lives, both positively and negatively. The financial impact of AI on the global economy is estimated to reach US$15.7 trillion by 2030, with 40% of jobs expected to be lost due to artificial intelligence, and global venture[...]
We live in an increasingly globalised world. Although some world leaders believe that the future belongs to patriots rather than globalists, technology is making the world an ever more integrated and smaller place. In fact, we can say that globalisation has gone digital. In the 21st century, globalisation is all about exchanging data. Thanks to the interconnected digital world that we live in, borders are disappearing, and national legislation is increasingly difficult to maintain. In today's world, even a 1-person company can be a multi-national and thanks to blockchain and Security Token [...]
When organisations adopt new technologies, the context of that technology plays an important role. How people deal with the material properties of new technology is informed by their previous experience of using or not using similar technologies in the past. Since blockchain is still a new technology, how organisations adopt this technology also depends on how existing and related challenges are resolved. These affect how organisations apply blockchain and smart contracts, and whether the design and decision-making capabilities within will or can change at short notice. Currently, many [...]
This article is sponsored by Oracle - redefining data management with the world’s first autonomous database. In the coming years, the amount of data we create worldwide will grow to 175 zettabytes of data per year by 2025, up from 33 zettabytes in 2018. Over half of this data will be created by the Internet of Things devices and over 60% of it will be enterprise data. By 2025, 30% of all the data created will be in real-time, offering organisations great opportunities to constantly optimise their business. Clearly, the organisation of tomorrow is a data organisation. However, simply [...]
Technological advancements have reduced global poverty significantly in the past 100 years. Many people have been able to leave poverty due to this. However, more than 1.3 billion people still live in extreme poverty. Extreme poverty is defined as having less than $1.25 to spend every day. There are a wide variety of causes for poverty, which differ per country. In general, causes for poverty include lack of education, environmental problems, lack of access to banking facilities, lack of legal ownership of property, lack of rule of law, overpopulation, epidemic diseases or changing trends in[...]
Blockchain technology records and forever maintains data that cannot be changed. It also involves ‘smart contracts’ and consensus mechanisms that govern processes of automation, as well as the development, evaluation and execution of decisions. Blockchain technology has the potential to transform organisation design due to its decentralised and distributed characteristics. To understand how blockchain will change organisation design and decision-making, let’s first dive into the history of organisation design before investigating the impact of this fundamental technology on organising [...]
The organisation of tomorrow, despite differences in industry, location, products and services on offer, will all have one thing in common: they will use some sort of token as the [...]
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