This presentation was given at the Technology Tipping Point event held in Sydney on September 11, 2013.
The Tipping Point Series is aimed at educating the market on new innovations and technologies that are emerging in the Property Industry.
In this presentation, Bruce Duyshart, highlights the topics of innovation and disruptive technology and highlights four key global technology trends that are affecting the property industry namely:
Ubiquitous bandwidth
Software as a disruptor
The Internet of Things
The Fabrication of Things
For further info. See http://www.meldstrategies.com
3. TIPPING
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the
innovation technology
!
/ why a tipping point?!
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/ what are innovations and disruptive technologies?!
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/ how do you understand the technology landscape?!
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/ 4 key global technology trends affecting the property industry.!
5. TIPPING
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the
Connectors â who act as conduits
Mavens â who help others
Salesmen â who persuade others
Tipping
Point
The Law
of the few
The
Stickiness
Factor
The
Power of
Context
The Tipping Point: 3 Key Ingredients leading to exponential popularity
What sticks in the minds
of the public and
inïŹuences future
behaviors
A series of small but
inïŹuential changes that
makes the
environment right
8. TIPPING
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An innovation is a new type of idea, method or product developed
to meet a market need.
There are 2 types of innovations
Sustaining â An innovation that does not affect an existing market.
Clayton M. Christianson
Disruptive Technologies: Catching the Wave
Disruptive â An innovation that creates a new market
What are innovations and disruptive technologies?
the elevator the thermostat
9. TIPPING
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the
innovators early adopters early majority late majority laggards
critical mass
14
Most people like to think they are innovative. Bet hereâs the realityâŠ
Everett Rogers â Diffusion of Innovations c. 1962
11. TIPPING
TECHNOLOGY
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the
15
Peak of inïŹated expectations
Technology Trigger
Trough of Disillusionment
Slope of enlightenment
Plateau of Productivity
time
visibility
Understanding the evolution of new technologies: The Gartner Hype Cycle
16. TIPPING
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We are entering the zetabyte era
By 2017 there will be 3.6 billion Internet users
By 2017 the number of network connections will be nearly 19B
(2.5 connections for each person on earth)
By 2017 global Internet traffic will reach 1.4 Zettabytes annually
Zettabyte (1 000 000 000 000 000 000 000 Bytes)
Equivalent to 1.4 trillion gigabytes or 41 million DVDâs per hour
Equivalent to all the movies ever made every 3 minutes
Source: Cisco 2013-2017 Visual Networking Index
20. TIPPING
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the
Travel agents
Travel guides
Bookstores
Video stores
Music Distribution
Software has been the largest industry disruptor of the 21st century
Recruitment Agencies
Video Conferencing
Gaming
Cab Bookings
Movie Production
Software is eating the world â Marc Andreesson
21. TIPPING
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What have been the drivers of this change?
Open source software
Open industry standards
Application to application interfaces
Better user experience and usability design
Cloud computing
Availability of bandwidth
Data sensing
Mobile devices
Software is king. Hardware is becoming a commodity.
22. TIPPING
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the
Data Capture
Big Data
Long Data
Analytics
Predicative Analysis
Data Visualisation
Software will disrupt the property industry
Data Transparency
Energy Monitoring
BIM
Social Media
"Cloud 360â observĂĄtory - Kyungam Architects Associates
24. TIPPING
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the
Everything can connect to a network
cheap network chips, WiFi, Zigbee, Bluetooth, RFID etc.
Things will sense their environment
light, temperature, movement, moisture, volume, salinity, gyro etc.
Components quickly become commoditised
standardised and cheaper by the day
Things begin to think
Embedded chips, network and sensors
âŠ.then things begin to talk to other things
The Internet of Things: Machine to machine technology