It has been said that the only constant in life is change. Every day we observe businesses around us dealing with the disruptive effects of change. So why are we paying more attention to change than ever before?
The world in which we live has always evolved and businesses have adapted. In recent decades, we have witnessed significant changes in technology including wireless internet, digital media, smartphones, drones and cashless payments. But there's a whole new set of factors which make the situation different this time.
One factor is the speed of change. The fact that a single smartphone today has more computing power than all of NASA had when it sent a man to the moon in 1969 illustrates the advances technology has made in a short time.
It's not only the speed, but the nature of change that is different now. There are three trends making this moment in history different to any other. These trends are connectivity, automation and the millennial generation.