Scarcity has re-emerged as an urgent priority at the executive agenda. Although we all longed that, with the Covid-19 crisis subsiding, we would enter a period of stable economic prosperity, the opposite is true.
Suddenly we find ourselves in a perma-crisis, where all certainties seem to have disappeared. The scarcity of talent will not alleviate anytime soon. Interest rates are rising, bringing an end to (almost) free capital to invest. Energy prices are expected to remain high. The world’s natural resources can no longer sustain our current levels of consumption. Inflation seems to be staying at an unprecedented high level for an extended period. The geo-political tension of the ‘cold-war’ seems to have returned, leading to an opposite trend of de-globalization of supply chains. The scarcity of almost everything is now a determining and social factor, as well as continuously rising pressure on the climate, resulting from an excess of carbon and other emissions.
And yet technological innovation seems to be unaffected by this situation of Uncertainty. There is a steady flow of new, potentially transformative, ready to scale technologies, like Generative Artificial Intelligence, Synthetic biology, Quantum Computing, and Virtual and Augmented Reality, that promise solutions to all our challenges. Yet in a world where scarcity is in abundance, we must think carefully about the choices we make, including the technologies our businesses use. The time of ‘let a thousand flowers bloom’ is replaced by successfully ‘Dealing with Dilemmas’. New concepts to guide our decisions like De-growth and Green-growth are introduced as alternative roads to the future.
Simply focusing on the creation of revenue, profit, shareholder value and superior performance is not enough. People, whether it’s your customers or employees, demand a clear purpose. They want businesses that contribute to society, addressing the big challenges of our time and actively shaping better futures for all. They expect ‘social’ businesses that ‘Do Well by Doing Good’. So, as we use technology to deal with the challenges our businesses face, we must find a balance between value creation, ease of use, convenience, climate friendly outcomes and the interests of society at large. Our businesses must take responsibility for the increasingly digital society they help to create.
During our Sogeti Executive Summit we will develop an optimistic scenario, minted by one of the speakers as “The Great Progression”, to write the future you want and explore some of the technologies that will help you get there. Questions we will address at the Sogeti Executive Summit are:
- How can we stop looking at the present and the future through the lens of the past?
- Will we be able to sustain our growth of prosperity, or will it reach its boundaries? And what does that mean for future generations?
- What are the organizational consequences of alternative paths like De-growth and Green-growth?
- Are we experiencing the end of ‘Consumerism’ as we know it: do Generation Z and Alfa desire just more stuff or are they expecting more than mere convenience?
- How can organizations better deal with strategic dilemmas?
- How will the Abundance of Artificial Intelligence (like ChatGPT) contribute to making better decisions?
- How do we deal with the ‘Knowledge without Understanding’ generated by AI’s Large Language Models (LLMs), that is incredibly convincing yet regularly incorrect?
During a 24-hour intense program, perspectives from many different angles will be presented by authoritative speakers, interspersed with discussion amongst your peers. Participating in the Sogeti Executive Summit will help you develop a scenario for your organization successfully riding the wave of “The Great Progression”, including an action list of where to start.
Recognizing the environmental impact of travel, we want to ensure we make a positive contribution to investing in our planet, so will be planting trees with our partner Ecologi to reduce this impact.