In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they were bankrupt. What happened to Kodak will happen in a lot of industries in the next 10 years – and most people don’t see it coming. Did you think in 1998 that 3 years later you would never take pictures on paper film again?
This was just one of the future-focused topics at the Singularity University Summit in Berlin in 2016. Not all is directly relevant to trades businesses, but much is due to the rise of automation, technology, AI and changing lifestyles.
How will you look to adapt your business to take advantage of the opportunities that will come up? Looking at it another way, how will you avoid becoming another Kodak?
CLICK HERE to read a fascinating summary of proceedings from the summit.