Creating a Wellness Ecosystem


I am a firm believer that platform supported ecosystems will ultimately displace our current industry constructs. Given the uncertain nature of this transition, Future Thinking is a critical skill for any leader or organization to embrace. I have used the Driverless Car scenario as a way to describe future thinking and in this case, the progression towards a mobility ecosystem. I did a similar piece on Connected Health, which is likely the early manifestation of an emerging wellness ecosystem. This recent report on The Future Health Ecosystem provides a glimpse into the transition towards this wellness ecosystem. The author describes an expected shift of $1 trillion of the $3 trillion spent on healthcare to new players and business models; which could have devastating consequences for incumbents.

A Forbes article on this recent report looks at the major life transitions that the two largest generations in history are in the midst of – and the profound impact it will have on healthcare. Some of the very interesting findings – and clear drivers of a wellness ecosystem – are:

  • Ten thousand Boomers a day are becoming Medicare-eligible
  • As the largest generation in history, Millennials are starting families and paying attention to healthcare. Interestingly, the report finds Millennials representing the sickest group in the last century. They now represent the biggest piece of the workforce, heading towards 50% status by 2020 and 75% in 10 years. Given their size and position in the workforce, their impact on healthcare will exceed that of baby boomers
  • Generations drive societal change. Boomer’s show a strong desire to age in place and die in a manner consistent with their values. This is beginning to have a massive ripple effect on the healthcare market. The report examines how traditional players such as Aetna, Humana and UnitedHealth are responding
  • Millennials are also driving major change in health. An interesting note on their impact on Big Food and Big Soda: they had their worst quarters in recent history. This can be directly linked to changing patterns of Millennials. In studying what Millennials expect and value, they conclude that the traditional healthcare system is somewhat the polar opposite
  • Convergence is at the heart of many transformative changes that lie ahead. In this case, the convergence of the generations with their varied preferences and demands combines with technology innovation to create a tectonic shift. Providers, once at the center of the health ecosystem are no longer at the center. The wellness and prevention shift places ultimate importance on value and outcomes. Since the vast majority of decisions that determine outcomes (diet, exercise, lifestyle, adhering to medication regimens, etc.) lie with the individual, they shift to the center of the emerging wellness ecosystem
  • An aging society and a chronic disease epidemic expected to worsen will severely tax the current healthcare system

Some of the other drivers of a wellness ecosystem were identified in the Connected Health piece, as well as some possible incumbent responses. The Future Health Ecosystem report goes into considerable detail to describe the eventual wellness ecosystem and the likely transition that lies ahead. A very good read for future thinkers everywhere.

3 Billion more People Online by 2020


Join me on Game Changers radio on Wednesday February 10th at 11:00 EST. We will be discussing the rising billions and their world changing implications

The buzz: Acting hyper. Peter Diamandis predicts the most dramatic positive change in our global economy will occur between 2016-2020, when 3–5 billion new consumers–who’ve never purchased, uploaded, invented or sold anything–come online, sparking a hyper-connectivity mega-surge. Who are they? The “Rising Billions.” Tech giants Google, Facebook, and SpaceX are working to make this happen. How will your company turn the resulting complex hyper-connectivity into sustainable growth opportunities? The experts speak. Frank Diana, TCS: “Three billion new minds are about to join the global conversation” (Peter Diamandis). Dennison DeGregor, HP: “By end of 2017, the CMO will have larger budgets for technology than the CIO” (Gartner). Paul Donovan, SAP: “The day science begins to study non-physical phenomena, it will make more progress in one decade than in all the previous centuries of its existence” (Nikola Tesla). Join us for The Rising Billions: Business Networks and the Digital Economy.

Source: Coffee Break with Game-Changers | VoiceAmerica™

The Rising Billions


According to Peter Diamandis of Singularity University, the most dramatic change in our global economy is about to occur between 2016 and 2020. He says that 3 to 5 billion new consumers, who have never purchased anything, never uploaded anything and never invented and sold anything, are about to come online and provide a mega-surge to the global economy. He calls this group the “Rising Billions.”

Technology giants like Google, Facebook, and SpaceX are all working to connect the world. Once connected, this exploding online community introduces new markets, creating a $30 trillion consumption opportunity by 2025 – and emerging markets will grow 75% more rapidly than developed markets. As discussed in a recent post on Changing Beliefs, this shift from developed to emerging markets requires a change in the approach used to win in these markets, as products and services from developed markets cannot simply be transplanted into emerging markets. But these rising billions are more than a market opportunity. They are a source of ideas, innovation, knowledge, skills, capacity, passion, learning, insight, and foresight.

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The Future of the Future with Game Changers, Presented by SAP | VoiceAmerica™


I participated today in a new SAP sponsored thought leadership series titled the Future of the Future. Here is a snippet from the opening talking points:

The buzz: Wow! McKinsey estimates the 2025 potential annual economic impact of the Internet of Things at $11 trillion, 11% of the world economy.

The rebroadcast of the radio show is now available.

Source: The Future of the Future with Game Changers, Presented by SAP | VoiceAmerica™

A deeper dive into the world of the Internet of Things can be found here.

The Future of the Professions: Institution 2.0


In a recent book titled The Future of the Professions, the authors describe an emerging paradigm shift in what I view as The Year of Shifts. They see significant change in the way expertise is made available to society, and envision a time when professionals will no longer be the dominant interface between lay people and the expertise required to address their own particular circumstances. The main hypothesis explored centers on a technology-based Internet society, and increasingly capable machines. These machines operating on their own or with non-specialist users, will take on many of the tasks that have been the realm of the professions. They predict an incremental transformation in the short term, with an eventual dismantling of these traditional professions.

This line of thinking fits with the Structural Change enabler as viewed through the lens of transformation in the digital age. It has prompted me to add another future scenario to my scenario visual, this one labeled “Institution 2.0”.

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IoT: Unleashing the Mother of all Infrastructures


On a January 26th Game Changers Radio show, a panel of Futurists will focus on the Internet of Things (IoT) and its world changing implications. Here are some of my thoughts in advance of that discussion. I’ll start with a quote from Carl Bildt, Chair of the Global Commission on Internet Governance and a member of the World Economic Forum’s Global Agenda Council on Europe:

“Very soon the Internet of Things will become the Infrastructure on which all other infrastructures are based.”

That bold statement supports thinking in some circles that a General Purpose Technology Platform (GPT)  is emerging, the foundation of which is The Internet of Things. This emerging GPT likely alters our world more dramatically than the GPTs of the first and second Industrial Revolutions:

General Purpose Technology Platform

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The Year of Shifts


The year of shifts is upon us. 2016 will ultimately be viewed as the bridge to a different future; a year where our intuition and beliefs will be reset. Accelerating advancements across science and technology have set the foundation for these shifts. Driven by societal and economic challenges, we will leverage this foundation to change current institutions and build new ones. To succeed, organizations of all types must view transformation through a different lens; one that enables their role in this future. In my current series, I am focusing on the thirteen (13) key enablers of future viability. The first post explored Structural Change. In this post, I will look closer at the pillars of transformation, and delve into the second enabler: a holistic digital foundation.

The Three Pillars

 

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