We need to think ahead….

In today’s society we seem to be wasting so much time on discussing the past and how we can/should be fixing the past, instead of looking ahead…..

The simple reason for looking ahead perfectly summed up in this statement here:-

” Regulation is addressing a problem in the rear view mirror rather than looking at the road ahead “

Yet all too often all we are doing is saying “What if…..” or “How about….” in relation to the past yet this fixing of problems isn’t doing anything to solve the much bigger problems which are arising just around the corner was we always believe that someone else will be looking at that……

But guess what, nobody is!! As if there was someone doing that, do you really think that you would be spending so much time work on fixing/finding solutions for the past?

As costs continue to soar, we are aren’t looking at how we can deliver a cost saving future as we aren’t prepared to invest in happy to reduce costs when no profit is involved.

We need to start looking at how we can develop Social Enterprise which by capitalising on Green Energy, Kinetic Energy and Renewable Energy can produce a huge impact today on the way we work and the environment – not just talk about how it can help in the future…..

Whether we start at home or in the workplace, by making it compulsory that all new projects contain Air or Ground Source heating facilities as well as combining Solar and Kinetic Energy production, homes and workplaces will virtually have no energy costs and this is such a powerful proposition we need to be looking at today…….

But why won’t Councils do this?

The main reason is that they are too afraid to be forward thinking yet they are so happy to give grants to Companies, Research Centres/Groups and University’s to look at developing this technology whilst it already has been around for 15 to 20 years!

We have to stop keeping reinventing the wheel and actually start looking at what’s already in place and further enhancing/improving “The Wheel” to start delivering both environmentally and financially beneficial solutions to help improve our society…..

To learn more about how we can improve tomorrow’s society today, please do get in touch via completing the form below:-

Ian Calvert provides a range of Services whilst being a Brand Ambassador, Brand Advocate, Brand Evangelist and Social Business partner for many companies not just in the UK but Globally too. Thus, by keeping ahead of the game, Ian Calvert can help leverage and build the foundations for bringing both you and your company into 2018/2020 today. To discover more, feel free to contact via his website here.

 

Advertisements

Is Innovation just Destruction in disguise?

Innovation – really?

Are you sure you are really creating innovation?

Are you not just re-inventing what has been done before? Just in a faster more efficient way?

With most things that we or others do, technology seems to be the answer but is it really the answer?

We are now seeing today the shift in marketing coming back around again to the old format of “word of mouth” or “referral” but in today’s world of technology and marketing speak – it’s now redefined as being labelled “relationship marketing” or “social selling”!!

Same method just a different hat/clothes….but whilst marketing may be coming full circle, it doesn’t mean that innovation is delivering what we really want!

Is it just really destruction in disguise?

Are we innovating just for the sake of it and wanting to make a name for ourselves or make lots of money out of it?

Take the world of banking for example….

In the past of pre 1960’s, all decisions were done at your branch and the bank manager knew you and your family. So, any lending etc was all based on you and your ability at his/her discretion – all down to the relationship that was there within the community based on you, your family and the company that you worked for.

Since technology (in it’s earliest formats) arrived in the 1960’s, automation has taken over more and more to make systems more efficient and streamlined but has this really worked?

In some aspects yes you could say it has but in others, the real answer is no as local knowledge and decision-making was removed, thus meaning as people were rejected for funding, the rise in third-party lending increased.

The rise of third-party lending meant people were forced in to higher debt as these lenders would charge more than a normal bank at huge levels meaning it could take a year or longer just to pay off an amount that if a High Street Bank had lent them the money, they would have only taking weeks or a few months to pay this back!

Then as technology developed and arrived more and more in to the banking and finance eco-system, since 2010 we have seen a boom in telephone and on-line lending. This means, the speeding up of the process of lending, by getting a decision within minutes and then the payment into your bank account within anywhere from a few minutes to a couple of hours!

So yes taking banking, technology can improve and make services more streamlined and efficient but at what cost?

With this technical revolution that the banks and third-party lenders are rolling out, another new wave is appearing with launch of Challenger Banks but this is not better…..far from it……

Yes, the speed of delivery, the time for results/approvals being delivered and transactions speeds improving, are all benefiting us in so many ways.

By streaming processing and implementing the technology, once the investment/delivery costs have been covered, the cost base is much lower meaning shareholders/investors are being rewarded with huge improved profits.

All well and good you may say but is this short-term win worth the long-term pain?

The Challenger Banks are operating from one or two locations where they have offices for the staff to operate from as well as looking after/developing their own technology – no physical branches or local staff for you to deal with.

Thus meaning, the overheads are so much lower due to a much lower operating base, and when added to offering virtually the same services, revenue stays around the same but when combined with lower overheads – the profits will be much higher!

So as traditional banks have to match and compete with the online/telephone companies and Challenger Banks, branches shut and staff numbers are reduced – creating the casualties of technology!

And this is where innovation becomes destruction over moving forward…..

Empty buildings that the banks vacate become empty for long periods of time and make the streets look empty/lonely places to be – creating a Ghost Town environment?

Before you say that new local businesses can take them over and move in, the issue is that the Pension Funds that own them and add to this, the costs of the Estate agents that manage them – the rents become too high for small local businesses to occupy them!!

And in turn meaning these remain empty……….

Add to this, the staff that are laid off, the number of people being unemployed will rise and rise, leading to more destruction of our society as how will they afford to live?

With Pension Funds not making the money to cover the pensions they have to pay out; and added to the fact that more people will be seeking benefits to replace the incomes they had before due to not being able to find a replacement job – this all leads to the destruction that our society will see as technology takes over more and more…….

The question is, are you prepared for this destruction that innovation is now creating…….

 

If you are wanting to understand more about FinTech, Social Relationships and how it all combines with what The Social Family offers, then feel free to contact myself via the form below:-