Exponential Wisdom

Episode 65: The World Becoming Automagical

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Peter and Dan discuss the recent bankruptcy of retail giant Sears. After being in business for 132 years, converging exponential technologies ultimately led to Sears’ downfall.

They discuss the future of retail, in which AI knows everything and the experience is “automagical.” As the world is automated, AI will be able to leverage large data sets to predict exactly what you want.

In this episode:

  • Peter describes the transformation of the retail experience. In the past, you might think of something you need, look it up in the Yellow Pages and then go to the store to see if it was in stock. In the future, you might instead have a frictionless conversation with your AI, which is always listening and knows your preferences.
  • Dan and Peter talk about the fact that every company will eventually go bankrupt. If you’re not constantly trying to fundamentally reinvent your company now, how can you make a massive change?
  • Peter gives the example of ExP Worldwide, a company that went from the 2008 real estate crisis to reinventing as a fully virtual company with zero offices and a virtual campus for staff to meet online.

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Episode 40: Digitizing the World

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In Episode 27: Evidence of Abundance, Peter and Dan discussed the 6 D’s framework and how this model is a road map to contextualize exponential technologies. In this episode, they dig deeper into the first step, Digitization, and why spending energy early on will ultimately lead to an enormous amount of time saved.

In this episode:

  • Peter and Dan each give examples of digitizing processes in everyday life: for example, governments using Global Entry to digitize the analog customs process, ultimately saving time and energy.
  • What are the three most important digital improvements you can make 90 days from now, and what’s the first step you’re going to take? Dan asks three questions that make this process easily applicable to entrepreneurs in their current business.
  • Peter discusses the fallacy of “waiting to get it right” in the analog world, and why acting early, getting feedback from your audience, and then iterating rapidly and experimenting is the mechanism for success in today’s world.

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