Entrepreneur and innovation expert Peter Diamandis urged attendees to design products and services with the rapid pace of change in mind and embrace technology disruption as opportunity in his Monday keynote.
Diamandis, known as the founder of the Ansari XPRIZE project, an incentive competition that stimulated the growth of the private space flight industry, said technologies including sensors, robotics, and artificial intelligence (AI) are improving at an exponential pace, underpinned by rapid advances in computing.
Companies need to break with the “linear thinking” that is hard wired in the human brain and design products or services that take advantage of rapid technology improvement, including 3D printing that will allow some products to be printed locally on demand, or sensors, real-time positioning, and satellite imaging technologies that will offer “perfect knowledge” on the movement of goods or vehicles, and could be combined with AI to do things like figure out the best transportation options, Diamandis said. “The tools we have to change the world are extraordinary,” he said.
Diamandis urged “moon shot” thinking in both business and philanthropy, looking at ways to make products or services exponentially better, not just incrementally better. “You have the ability to go 10 times bigger in your business, rather than just doing things 10% better or cheaper,” he said.
Modex 2016 is scheduled to be held April 4-7, 2016 in Atlanta’s Georgia World Conference Center. The tradeshow will showcase the latest manufacturing, distribution and supply chain solutions in the material handling and logistics industry. Modern’s complete Modex coverage.