A big shout out goes to Cate Blanchett and William Smith Stubbs, who were amongst the few who represented Australia in Davos, Switzerland at the 48th Annual WEF in late January.
Political and economic thought leaders along with prime ministers and presidents from around the globe came together to discuss current topics shaping the world’s future including geopolitical issues, the digital economy, cyber security, emerging and threatened markets, mental health amidst change, the effects of advancing technologies, and how they will impact our global economic outlook.
However, there was one commonality amongst them all; the absence of Australia’s entrepreneurial innovators and governmental thought leaders.
After viewing countless hours of online content it was clear that Australia once again was under represented in important global gatherings. Despite their absence, the information obtained that may be of value to you may include:
- The fourth industrial revolution of tech AI and robotics will provide opportunities in human connections and leisure time
- Robotics and machines will continue to complete low skilled labour
- Taxi drivers and accountant jobs will become obsolete
- Entertainment, hospitality, and leisure will be growth markets
- The next financial crisis will not follow any particular rulebook
- Sense and respond testing is more effective than predict and forecast strategies
- Cryptocurrency is a mixed debate, however the value of blockchain methodology is favoured
- The nuance between traditional and agile workplaces exists. Agile environments are not suitable for every business or governing body
- Upskilling of entry level jobs is paramount. Smartphones can support citizens with the tools to do so
- There is no such thing as easy money anymore
- Opportunities arise during a financial crisis. Buy your debt back at a cheaper price and hold onto your assets as much as you can and try to see it through to the other side
- Governance and red tape remains common language
- Unstructured physical tasks are difficult to emulate and humans will still be needed in the workplace
- Interconnectivity due to low cost mobile devices coupled with speed of innovative business models will support rapid and exponential change within business sectors
- Lifelong learning mindset will continue to be the future for societies and businesses to prosper.
A fitness entrepreneur’s core business is based upon human relationships. Our professional social responsibility is in ensuring that the wellbeing of communities are nurtured. While the global fitness and health club industry accounts for more than 80 billion US dollars it appears to remain strong amidst emerging technologies alongside entertainment and beauty.
Written by Eric Said