Industry convergence occurs when technologies, processes, companies, and industries merge with each other to a certain point. The secret to convergence at scale is to view technology as a set of tools that can be combined over and over again in flexible ways to solve different problems. In this decade, strategists want to completely transform every industry.
Nevertheless, many think seriously and responsibly about existential risks. Basically, they’re trying to make sure society doesn’t accidentally kill itself with technology. In today’s world of constant change, businesses need to think big to thrive and survive.
Never before has any civilization had the unique opportunity to improve human performance on the scale we will face in the near future.
The convergence of nanotechnology, biotechnology, information technology and cognitive science (NBIC) is creating a set of powerful tools that can significantly improve human performance and transform society, science, economics and human development.
The emergence of NBIC convergence will challenge us in new ways to balance risk and return threat and opportunity, and social responsibility and competitive advantage in the 21st century. Moreover, the NBIC convergence presents entirely new challenges for scientists, policymakers, and business leaders, who for the first time will have vast new and powerful tools to shape markets, societies, and lifestyles.
By Janez Škrčec, Finance. The complete article in Slovene is available HERE.