What a pleasure to listen to
Pip Marlow, MD of Microsoft and
Tim Reed, CEO of MYOB - both incredibly forward thinking and innovators in their field.
Here are some of their key points with some interesting messages and ideas for all of us!
Pip:
We need
to explore the constraints that we have about our work environment. Pen and
paper have been replaced by mouse and keyboard.
The new generation coming in to the workplace will expect computers and
technology to be more like us.
As
business we need to leave Australia a better place than we found it.
Productivity
today is growing today more slowly than in the seventies.
The
further challenge is that we don't have the working population to replace the
aging population. So we have to think
innovatively. We need to know what are the mega trends that
will have an impact on us?
Remember
- innovation does not come from technology.
People do the innovation and the technology is just the platform.
As an
example: NSW police had as primary job directing traffic. Then more traffic lights were installed. Now computers look at traffic flows. This has enabled the NSW police to move on to
doing higher level tasks. That is what
is known as disruptive innovation.
Think
about what Microsoft has done with Kinect technology which has been a game
changer in that the body is now the controller.
Gesture and voice are used with the connector and this has wider
implications beyond the realm of gaming.
Now we can look at patient files without surgeons having to scrub in and
out. It is being used in ways we never
thought of – even for rehabilitation
purposes. It is changing the way we are
think about collaboration on projects and in different languages. Innovation is occurring here and now. Artificial intelligence is on its way!
Think of
the first phones and think of the smart phones and what we can do on them. Think of twenty years time and what will be
possible…..
These are
the 4 mega trends to be aware of –
1. Mobility
There are
approximately 11 million smart phones in Australia. Initially we used the phone for voice. Now it is the least used function on our
phones. We can now work anywhere any
time. We are able to get the information
when we need it. The device even knows
your location to give additional functionality.
The new
world is an terconnected world filled with Linkedin members and Twitter
users. .
Your next customer can be anywhere in the world. Websites are being replaced by Facebook
pages. There are different ways of
reaching customers and just look at how this has impacted retail.
Suggestion
– get your Klout score.
Look in
to People 123 – this gives you a digital
footprint and you will be able to see who your customer influences.
2. The Cloud
Not the
weather forecast….
The cloud
is the democratization of IT. The Cloud allows for every business to have
access to computing power that they never had before and that used to be taken
care of by an IT department, can now be done in the Cloud.
3. Big
data
This mega
trend takes the amount of structured data in your CRM and in other databases
and matches it to other databases to understand customers. Data is the next oil and the. more we mine
this, the more profitable companies will be.
As an example,
it provides tools for us to know when to buy energy and when to use our solar
panels - and when we can sell our energy back to the grid.
There
will be far richer consumer experiences that will be created through this mega
trend.
4. Workplace
of the future
Be at the
edge of the next generation workplace. A
workplace with no fixed office and no fixed desk. Work is a thing you do and not a place you
go. The workplace will engage everyone and will be activity based working,
that is managed on outputs and not inputs. Such as ‘Are you driving customer satisfaction and are you driving
sales’.
Microsoft
no longer has landlines on desks. This
enables people to be out with customers.
The company has given back real estate and increased employee engagement
by five points. Remember - Unhappy
employees cannot drive Customer satisfaction.
This is
the productivity challenge:
We have
to be a knowledge economy. Leaders will
need to think differently and will need to disrupt.
Tim:
Mobility
is profoundly changing the way in which we work. This trend started with email that enabled us to be more productive.
And now there are different
devices that will have different applications.
MYOB won't
rebuild their system on a mobile device.
They will select particular functions that people will need when they
are about and about. There is no point
in doing a payroll application for mobiles but people will want to check their
accounts on line.
Mobility
is creating a collision between personal and business applications. That has happened already for SME’s.
MYOB
makes good use of Yammer because Social is changing the way we work. And that is what Yammer does. I tis for people of all ages and it allows
for an idea exchange. People submit
ideas and leave comments for the development team. Ideas come in from the clients and MYOB is
able to deliver far more to what they need.
The Cloud
is enabling us to deliver infrastructure at a fraction of the cost. It can expand and extend your
organisation. Work flows will move
across team members, and you can have access to accounts that are up to
date. It will also allow subject and
trusted experts to see in to organisation and provide guidance and assistance.
The
reminder is – You need to use your change
management skills.
This is
seen where larger businesses are slower to manage that change in to the Cloud. It is up to us to make the change
easier.
How often
to you go to a bank any longer? We do more
and more on line.
We have
to find ways to automate tasks so that there is time for people to work on
higher level tasks.
Productivity
is not about working longer hours. We
are low on the scale as compared with other countries. We cannot stay in the industrial relations
part of this debate and we need to move in to an innovation debate.
The rate
of productivity is declining because of our current education sector.
We need to
think about the training and the university system. Education is a continuing thing and ongoing
activity. We need to develop and deliver
courses around what industry needs and make them digestible to what people
really need. We need skills for this
century. There needs to be a tighter
connection to the workplace from the school.
Give the
kids digital ink! Pull down the walls of
the classroom. In the tertiary space use
distance learning.
By not
getting women in to the sciences and computers and we are also missing out on so much
participation.