WOBI contributing editor Forrest Jones caught up with Vivek Wadhwa before WOBI on Innovation for a quick Q&A session prior to his presentation at the forum that will take place on June 4-5.
Name one or more industries you predict will cease to exist in the near future due to disruption. Any surprises?
It is not that industries will disappear—they will transform. The current leaders will not likely remain in their positions. Practically every industry that is affected by technology will be impacted.
Take manufacturing. It already is cheaper to manufacture in the US using robots than in China. Manufacturing is trickling back to the US already. Later in the decade, the trickle will become a flood. This will impact many other industries.
Finance will be impacted as technology disintermediates the middlemen—the banks and bankers; transportation will be impacted by self-driving cars and drones; education will be impacted when digital tutors put the MOOCs out of business; and our doctors will face competition by their smarter and more informed digital equivalents.
Scott Belsky is a consultant and expert in creativity. He is the founder and CEO of Behance, a company that develops products and services for creative industries, and also the author of the best-selling book, Making Ideas Happen. In 2010, Fast Company included him in the list of “The 100 most creative people in business.” In the TV show Spotlight and in the blog below, he reveals his thoughts about how to best execute ideas.