Dr. Clarence Tan ExO Ambassador CEO, Austanco Private Equity Co-founder, Gogotech (Thailand) Co-founder, Gold Coast Angels Former Asia Pacific Ambassador, Singularity University Adjunct Professor, Griffith University & Bond University #drctan Our Mission EDUCATE, EMPOWER & INSPIRE leaders to apply exponential technologies to addressing humanity’s grand challenges Singularity University is a benefit corporation based on NASA Research Park in Silicon Valley. 3 © DrCT Pty Ltd 2015-2018 4 We’re programmed to think linearly 30 Linear 26x+ around Steps the Earth! 1 1 1 1 1 1 1 © DrCT Pty Ltd 2015-2018 Call to Action How would you leverage technology for social impact? Education Energy Environment Food Global Poverty Security Space Water Health 6 7 Global Exponential Trends 8 As a result, conditions are changing...rapidly Time to reach $1B: 86 years 46 years 8 years 5 years 2 years 18 months 4 months With lower barriers to entry, the metabolism of the economy is increasing Deception of Linear vs Exponential Chaos/ You are here Amazement Disappointment © DrCT Pty Ltd 2015-2018 www.singularityu.org X 500 billion © DrCT Pty Ltd 2015-2018 13 © DrCT Pty Ltd 2015-2018 14 15 16 17 18 Pharmacogenomics/Pharmacomicrobiomics/Epigenetics 19 Health Care or Sick Care? 20 Chinese Village Doctor Healthcare Model 21 3-D Printing © DrCT Pty Ltd 2015-2018 22 © DrCT Pty Ltd 2015-2018 23 Types of AI 24 25 26 27 Uber – as of Jun 2016, $66b valuation 28 The Ethical Dilemma of AI – Self Driving Car Case Study 29 Ethical Dilemma for AI And Robotics 30 31 4 D’s of Exponentials DECEPTIVE TO Disruptive Stress DISRUPTIVE /Opportunity DIGITIZE DEMATERIALIZE DEMONETIZE DEMOCRATIZE 32 4 D’s: Digitize Photos GPS Music DIGITIZE Something becomes information enabled 33 4 D’s: Dematerialize DEMATERIALIZE Physical products disappear and consolidate Radio Calculator Microphone/recorder Video player Camera Video camera 34 Dematerialization of devices 35 36 37 Taking a screenshot in 1983 38 4 D’s: Demonetize DEMONETIZE The cost of products and services decrease significantly Record Book Long Stores Stores Distance Research Classifieds Local Stores & Libraries 39 4 D’s: Democratize DEMOCRATIZE Access is available and affordable to everyone Disruptive Stress vs. Disruptive Opportunity Large corporations must now compete in the collaborative economy © DrCT Pty Ltd 2015-2018 41 Non-Profits vs Corporation – Social Enterprise © DrCT Pty Ltd 2015-2018 42 Current System is broken 43 Solutions? 44 45 46 Human skills that AI can replace Source: Jeremy Howard TEDxBrussels 2014 47 Jobs that AI can replace Source:Source: Kai Kai-Fu--FuLee-Lee TED TED 2018 2018 48 Source: Kai-Fu-Lee TED 2018 Source: Kai-Fu-Lee TED 2018 Source: Kai-Fu-Lee TED 2018 49 Robot Chef MedicSensation Modern Meadow Exploring fundamentally new ways to create sustainable animal materials and cultured food products; reducing use of land, water and chemicals. SynBio Startup LaunchPad 2012 + SU Labs Startup Company © DrCT Pty Ltd 2015-2018 53 Never Brush Your Teeth again? © DrCT Pty Ltd 2015-2018 55 LOWE’S INNOVATION LABS + FELLOW ROBOTS Retail service robots to help customers confidently complete home improvement projects. SU Labs Corporate Member + SU Labs Startup Company Gamefication Malariaspot.org © DrCT Pty Ltd 2015-2018 58 Finding a cure for HIV Genetic research for breast cancer 59 2014 Australian Global Impact Competition Winner – Susan Graham Sense of Purpose! 61 © DrCT Pty Ltd 2015-2018 Finding your passion © DrCT Pty Ltd 2015-2018 62 Acquiring skills 63 © DrCT Pty Ltd 2015-2018 What the world needs 64 About ExO Works ● Founded in 2015 by Salim Ismail ● Global reach // 300+ advisors and coaches ● Work with Fortune 500 CEOs and management teams ● We’re the non-consultants Employee autonomy 7x more customers per employee Crowd engagement Global media company in 5 years Experimentation The Institutional Yes! Sample Exponential Organizations ExOs leverage new $30B valuation technologies and Largest hotelier, abundance to see ZERO real estate assets 10x the output of their peers. How Does ExO Work? Our Sprints Focus on the 10 ExO Attributes MANAGE TAP INTO ABUNDANCE MTP ABUNDANCE MASSIVE TRANSFORMATIVE PURPOSE SStaff on Demand InterfacesI CCommunity and Crowd DashboardsD AAlgorithms ExperimentationE LLeveraged Assets AutonomyA EEngagement Social TechnologiesS Scarcity Abundance IMPACT: GLOBALRanking of Fortune 100 by Exponential Score Average S&P +9.9% Fortune 100 Company ExQ Fortune 100 Company ExQ Google 72.9 Costco Wholesale 32.0 Amazon 66.2 Philip Morris International Inc. 31.6 Apple 62.6 Hess Corporation 31.3 IBM 61.0 HCA Holdings, Inc. 31.0 Verizon Communications 58.8 Phillips 66 30.7 General Electric 56.6 Tesoro Corporation 30.0 Microsoft 55.9 Valero Energy 29.8 Cisco Systems, Inc. 55.8 Plains GP Holdings, L.P. 27.5 The Walt Disney Company 54.8 Energy Transfer EQuity, L.P. 26.5 Top 10: + 26.7% Bottom: 10 -1.7% 74 Exponential Organizations = M.T.P + S.C.A.L.E. + I.D.E.A.S. Massive Transformative Purpose ↗ Inspires a community to form ↗ Helps attract and retain talent ↗ Orients the organization toward external impact vs. internal politics ↗ Focuses the organization during periods of rapid growth 75 Massive Transformative Purpose • The higher, aspirational purpose of the organization. • Guiding principle when key decisions need to be made. • Make sure the impact of the organization will be global. • Guides people from the inside and from the outside. • Has a positive impact in the world. MTP Massive Transformative Purpose STRONG: Organize the world's Open Happiness information THE COCA-COLA COMPANY GOOGLE Radical breakthroughs Ideas worth spreading benefiting humanity TED XPRIZE FOUNDATION Make invention accessible Positively impact 1B QUIRKY people (till 2016) SINGULARITY UNIVERSITY 77 MTP Massive Transformative Purpose WEAK: Shape the future of the Internet by creating unprecedented value and opportunity for our customers, employees, investors, and ecosystem partners. CISCO 78 Massive Transformative Purpose “The global transformation of business” My MTP: Seek knowledge, share and apply it to benefit all. © DrCT Pty Ltd 2015-2018 80 Massive Transformative Purpose Is NOT • A mission statement • Tech-specific or narrowly focused • Representative of what is possible today • Motivated solely by profits • Just a big goal Pdf: https://drive.g oogle.com/op en?id=0B1H0 5v0IVkBCbzE 4M0hZTzV0Y VU I S Staff on Demand D C E A A L S E “Most of tHe brigHt people don’t work for you, no matter who you are” Bill Joy I S Staff on Demand D C E A A L • Paid $10,000 for Kaggle competition S E • 271% improvement in 2 weeks • 50% of IT staff consultants • Not just helpful, mandatory • Need to know where products are in Walmart • Uses Gigwalk app. I S Community & Crowd D C E A A L S E “If you build communities and you do things in public, you don’t have to find the right people, they find you.” Chris Anderson I S Community & Crowd D C E A A L S E Community Crowd ● Production ● Ideation Community ● Delivery ● Validation ● Operations Users / Customers ● Support /Almni Vendors / Partners / Alumni Staff on Demand Everyone Else I S AlgoritHms D C E A A L Algorithms – including Machine S E Learning and Deep Learning – provide insights on customers and products. Self-learning software recognizes patterns in text, images, videos, languages etc. © DrCT Pty Ltd 2015-2018 © DrCT Pty Ltd 2015-2018 I S Leveraged Assets D C E A A L S E ExOs access, rent or share assets to stay nimble outsourcing even mission critical assets. Leveraged assets are comprised of Cloud computing, Hackerspaces, and assets from customers as input for business. © DrCT Pty Ltd 2015-2018 I S Engagement D C E A A L S E Digital reputation systems, games, and incentive prizes, provide the • Increases loyalty opportunity for virtuous, positive feedback loops, which in turn • Amplifies ideation allows for faster growth. • Converts crowd to community • Leverages marketing • Enables play and learning E – Engagement I S Engagement D C E A A L S E I S Interfaces D C E A A L S E Select, filter and manage the • Filtering abundance into outputs of all external attributes manageable chunks of input for of ExOs (SCALE) as inputs into different internal departments the internal organization in an effective, targeted and seamless • Bridge between external growth manner. drivers and stabilizing internal drivers • Allows for scalability • Avoids human mistakes I S DasHboards D C E A A L • Real-time, adaptable dashboards with S E essential company and employee metrics • Short feedback loops in order to measure and manage performance • Accessible, transparent to everyone in the organization. ▪ OKRs create control framework to manage fast growth I S Experiments D C E A A L S E “No business plan survives its first contact with customers” —Steve Blank I S Experiments D C E A A L S E E – Experimentation I S Autonomy D C E A A L ExOs have a flat organization, S E allowing self-organizing, multidisciplinary teams and / or individual employees to operate with decentralized authority. I S Autonomy D C E A A L S E Holacracy Traditional hierarchy pushes us Holacracy allows function-based to focus on rank, professional vs. organization, with a focus on the development, and procedure. task at hand. Namely, your product. I S D C Social E A A L ExOs leverage collaborative S E tools to manage real time, zero latency conversations. When implemented these tools create transparency and connectedness and lower an organization’s information latency. S – Social Technologies ExO’s having achieved 10x performance improvement •AirBnB •Tesla •GitHub •Uber •Google •Waze •Netflix •Valve •Quirky •Xiaomi What is the Exponential Quotient of Your Organisation? www.exponentialorgs.com/surv ey Key Takeaways “Experts” tell you how something can’t be done.