Remarkable Reading #19: R "Ray" Wang's DISRUPTING DIGITAL BUSINESS and THE END OF MEMBERSHIP AS WE KNOW IT by Sarah L.Sladek
The aim of this section Remarkable Reading is pay a tribute to the books that taught, share trends & insights into where our world in the 21st century is heading in a technology enabled world, and ask the right questions.
Bolded and italics quotes and references do not belong to myself and belong directly to the author. The focus is to share valuable insights and teachings from the book to win business for the authors.
Thank you,
The two trends we will be touching on are:
- Practical implications of digital disruptions in our day-to-day lives
- Impact of an aging generation on economics and commerce in the 21st century.
R "Ray" Wang's DISRUPTING DIGITAL BUSINESS: Create an Authentic Experience in the Peer-to-Peer Economy is a fast-paced, au courant, and neoteric book about how organizations can navigate through change and refinement in a digitally disruptive 21st century.
Ray has a salient and specific writing style that sheds new insight and sapience in a fast amplifying, future-focused sphere.
Top Takeouts are:
Page 4 - “On the positive side, new models will accelerate the delivery of innovation and drive friction out of business models. New efficiencies will free up resources and time for innovation. Different skill-set requirements will create new types of jobs”
Page 14 - “You also have to understand the difference between incremental innovation and transformational innovation. And, more important, you've got to focus in on business model shifts. This is not about technology. Simply adding a digital moniker in front of a tired concept is not enough”
Page 44 - “The problem is that we are drowning in all this data that we need to convert information. It’s coming from everywhere. There are sourcers ranging from nice little transactional systems, like a point-of-sale system or finance systems or accounting system, to structured and semistructured sources like comments or blogs or posts or streams of tweets or likes. That is a lot of data”. We’ve got to bring that data to a point where we can get contextual”
Page 94 - “Smart machines and wearables are providing new types of sensors that add to the mix of data that’s creating insights. Constellation Research estimates that at least 200 million smart wearables by will sahip by 2018. These are bracelets. These are fabrics. These are watches. These are eyewear. These are sensor-embedded devices worn by a human. They can even connected to humans through human APIs and neural networks. Data from automobiles and medical devices and household appliances, as well as from power generators and building systems, are providing opportunities to improve operational efficiencies, create new business models, and identify new usage patterns”
Page 95 - “By 2020, the global market for a few billion cell phone SIMs will swell to 100 billion MIMs - machine ID modules. Technologies will include a 100-gigabit optical network - and that’s robotics and manufacturing building management systems, MIMs, getlocation drones, self-driving cars,smart grids, and software defined networks”
`Page 150 - “For example, my house should know that I like it to be 72 degrees when I get home. My car can tell the house when I’m thirty minutes away, and the house - based on my past preferences and actions - should adjust the temperature on its own. This is the kind of stuff we’re talking about. The car is connected to the house. The house is connected to a temperature sensor. The house also learns when I come back from the gym, I like the house at 65 degrees. This is the AI associated with the house looking at the pattern of my behaviours”
Page 150 - “The Internet Of Things is moving from abstract concept to living and breathing machine - the machine mesh network interfaced with humanity”.
Sarah L. Sladek’s THE END OF MEMBERSHIP AS WE KNOW IT: Building the Fortune-Flipping, Must-Have Association of the Next Century is an easily accessible, virtuous, and valid book about how membership models are evolving in a technological age, the impact on loyalty cards and memberships, and how we can stay continuously up-to-date with these changes in relevance to marketing and commerce.
One of the areas I love about the book is Sladek’s ability to derive shrewd knowledge about generational gaps.
Top Take-out’s are:
Page 4 - “The Great Recession may have softened the blow that was once expected, as some Boomers opt to postpone their retirements” Nonetheless, this year alone, 2.8 million Americans will turn 65. Between now and 2030, 78 million Boomers will retire, which marks the beginning of the end of the workforce as we have known it”
Page 5 - “From now until 2030, every eight seconds someone will turn 65. This shift in human capital - the largest shift in our country’s history - poses the greatest threat to associations because most associations remain entirely governed and supported by the Baby Boomer generation, and few have or are developing strategies to cushion themselves from this massive exodus of board members, committee chairs, and dedicated volunteers”
Page 40 - “Billionaire real estate Donald Trump always tells people the secret to success is to “do what you love”. In his book, THINK BIG AND KICK A** IN BUSINESS AND LIFE (Collins; October, 2007), Trump writes, “Don’t think about you can make money. Instead think about what you can provide or what service you can offer that is valuable and useful to people in your community”
Page 44 - “In the near future, other associations may go by the wayside, an entire era of history lost simply because they can't adapt to change. The changes are the direct result of the three major influences in society mentioned in Chapter One: rapidly changing technology, demographic shifts, and economic recovery”
Page 49 - “The United States is on the brink of the largest shift in human capital history. Most of our nation’s companies, government, and nonprofit organizations are vastly unprepared for the loss of their leadership and most loyal talent”
Page 50 - “So, here’s what you must know. These Values of Generation X (1965-1981) and Y (1982-1995) tend to be focused on three primary objectives: the opportunity to lead, the opportunity to learn and the opportunity to make a difference”
Page 61 - “In my 2009 book THE NEW RECRUIT: WHAT YOUR ASSOCIATION NEEDS TO KNOW ABOUT X,Y, & Z, I said: Generations X and Y have completely different values, interests, needs, and wants from the generations before them. Their worldview, their priorities - everything about them is different as a result of their social experiences. Generations x and Y will not respond to the recruiting efforts of the past. An entirely new approach is required. That’s why I refer to the younger generations as New Recruits”
You can follow Sarah L.Sladek on Twitter here, purchase a copy of THE END OF MEMBERSHIP AS WE KNOW IT: Building the Fortune-Flipping, Must-Have Association of the Next Century here and visit XYZ University here.
You can follow R "Ray" Wang on Twitter here, and purchase a copy of Disrupting Digital Business: Create an Authentic Experience in the Peer-to-Peer Economy here, follow R "Ray" Wang on Twitter here, and visit his website here.
You can follow R "Ray" Wang on Twitter here, and purchase a copy of Disrupting Digital Business: Create an Authentic Experience in the Peer-to-Peer Economy here, follow R "Ray" Wang on Twitter here, and visit his website here.
Thank you,
Praz
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