Tech Futures Lab launches to prepare businesses for technology revolution
A programme has been launched to help businesses prepare for the impending "tidal wave" of technological transformation.
Technology education entrepreneur Frances Valintine created Tech Futures Lab to help businesses prepare for a world that is transforming at an incredible rate.
McKinsey Global Institute estimates that the technology revolution will happen 10 times faster and at 300 times the scale of the industrial revolution.
It took more than 50 years after the telephone was invented for half of American homes had one and it took radio 38 years to attract 50 million listeners, McKinsey said in a book released last year.
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In contrast, Facebook attracted six million users in its first year and that number multiplied 100 fold over the next five years.
Valintine said technology was forcing entire industries to overhaul their business models to survive.
Those most susceptible were the ones where data analytics usurped what a human could do; the discovery process in the legal industry or financial processes, for example.
"We are standing on the beach and the tidal wave is about to hit. No job, sector or industry is immune," Valintine said.
Tech Futures Lab offers five 10-week programmes for people with some technical background.
The programmes are in cyber security, robotics and automation, machine learning and artificial intelligence, data science and big data, and business innovation and disruption.
Valintine said to ensure those skills kept pace with technological changes, there will be an alumni programme would bring participants together regularly to share knowledge and experiences.
Courses start in September and will be held in Auckland.