Showing posts with label covid-19. Show all posts
Showing posts with label covid-19. Show all posts

Emerging Complexities with COVID-19 Variants

In this short video we examine the increasing complexity that COVID-19 variants will introduce to our ecosystems.  Multiple variants of COVID-19 introduce different infection rates, different vaccine efficacies and different vaccine supply chains, logistics, storage requirements, schedules, recommendations and advice.  

It's important that we recognize these additional and emerging complexities as early as possible so we can begin thinking through their implications and impacts and taking the necessary steps to be prepared.



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Kevin Benedict
Partner | Futurist | Leadership Strategies at TCS
View my profile on LinkedIn
Follow me on Twitter @krbenedict
Join the Linkedin Group Digital Intelligence

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

The Covid-19 Impact on Digital Transformation with Expert Nadia Vincent

In this episode, we reach out to Belgium-based digital transformation expert Nadia Vincent to get her perspective on digital transformation challenges and strategies in general, and then discuss how the Covid-19 pandemic will impact these initiatives.

With over two decades of international work experience, M. Nadia Vincent is an MIT SLOAN Certified Digital Transformation and Artificial Intelligence Executive Advisor. A top 10 Digital Transformation Thought Leader, she led many major transformation initiatives on the European market. The author of "Leveraging Digital Transformation," Vincent is also a professional keynote speaker, leadership coach, trainer, and the founder of www.digitaltransformationleaders.com, the ultimate training and coaching platform for business executives and transformation leaders.

Read more on the Covid-19 business impact here:


Superstitions, Spaceships and Covid-19

This week I listened to prominent voices praising the success of the SpaceX rocket ship and the work of the scientist involved there, while at the same time publicly rejecting the guidance of other scientist on how to best prevent the spread of the Covid-19 coronavirus.  This got me thinking about what people understand or don’t understand about science and the scientific method.

Scientists working in the areas of space flight and disease prevention both utilize the same scientific methods in their work.  The scientific method is a way to systematically discover what is true in nature.  It’s a way of logically making progress in our understanding about nature. It’s not a political or religious statement.  In fact, Albert Einstein famously described the differences between science and religion with these words, “Science can only ascertain what is, but not what it should be...”   Knowing what is…is pretty important for astronauts, medical scientists and all of humanity.

Protecting Our Global Economic Network from Pandemics

The word pandemic comes from the Greek words “all” and “people.”  It is a fitting title given to the COVID-19 disease that crosses all people groups, economies and continents without respect to ethnicity or status.  It has a way of pulling back the curtains and showing us what makes the world run.

Pandemics travel on our community’s economic and transportation networks. Because pandemics are international travelers, they disrupt our global economic networks, which are the sources of much of our economic prosperity today.  

Six Degrees to Contagion - Lessons from the Covid-19 Pandemic

Small World Networks
Seventeen years ago, in 2003, Professor Duncan J Watts, published a book titled, “Six Degrees, The Science of a Connected Age.”  In it he wrote the following warning, “In a world spanned by only six degrees, what goes around comes around faster than you think. So just because something seems far away, and just because it happens in a language you don't understand, doesn't make it irrelevant.” Six degrees of separation is the idea that all people in the world on average are only six or fewer social connections away from each other.  It has been proven time after time to be true as the famous Six Degrees of Kevin Bacon game has demonstrated and the study of the small world networks phenomena.  What this means is you are only six or fewer social connections away from a person living in Wuhan, China where the Covid-19 coronavirus outbreak first emerged.  

More thoughts from Professor Watts, “When it comes to epidemics…we are all connected by short chains of influence. It doesn't matter if you know about them, and it doesn't matter if you care, they will have their effect anyway. To misunderstand this is to misunderstand the first great lesson of the connected age: we may all have our own burdens, but like it or not, we must bear each other's burdens as well.” All of us are in this global community.  We all share earth, and we are only six or fewer social connections from someone who is infected by the Covid-19 coronavirus.  We might feel we are great distances away from an epicenter, but we are really only a relationship or a handshake away.

Flattening the Curve of a Risky Future

Today, in the midst of round one of the COVID-19 pandemic, I received an email from Delta Airlines sharing their efforts to make travel safe and normal. What will normal be post-pandemic?  Will society be comfortable going right back to flying all over the world again?  The thought of spending time in crowded airports, attending conferences with tens of thousands of people in one room, sitting in tightly packed business meetings and sitting elbow to elbow with coughing strangers on planes fills me with anxiety.  I don't think I am the same person that I once was.  I suspect most of us aren't.

As the pandemic and resulting economic anxieties extend further into the calendar and deeper into our mutual psyches, our habits will be altered - some temporarily, others permanent.  Just as our grandparents (and great-grandparents) before them developed a propensity to save and to be financially conservative as a result of experiencing the Great Depression during their formative years, we also will be known for the changes about to take place in us.  This pandemic will alter the curve of our future.

We have now all borne witness to the results of our societal decisions or lack thereof, and experienced the consequences.  I am reminded of a popular Greek myth of Daedalus and his son Icarus.  They were imprisoned in a tower by the King of Crete.  Being a great craftsman, Daedalus devised two pairs of wings using wooden frames, wax and feathers to escape and fly away.  Daedalus warned his son Icarus that flying too near the sun would cause the wax to melt and the wings would fail.  Icarus jumped from the tower, escaped and his wings allowed him to soar high over the ocean.  

It was not long, however, before Icarus forgot all about his father's warnings.  Soon he was flying higher and higher.  The warm sun quickly melted the wax, the feathers came loose and Icarus plunged to his death in the sea.  I think today we may have flown too close to the sun.

In 2015, Bill Gates, gave a Ted Talk titled "The Next Outbreak? We're Not Ready."  It accurately described what would happen if a pandemic similar to COVID-19 occurred.  He precisely warned of the impact and what the world needed to do to prepare for it.  Bill Gates was our Daedalus, and like Icarus we were captivated by the joys and excitement of flying high and far.  The question for us all now is - what next?  What will we do differently?  How will our future be reshaped?

After taking some time for lamenting and learning, we must go forward into the future wiser.  My friend and supply chain risk expert Joe Carson, who I recently interviewed in this blog post titled, A Mid-Pandemic Interview with Supply Chain Risk Expert Joe Carson, often encourages organizations to develop a "Risk Culture."  A culture of studying risk, identifying risk, understanding risk, planning for risk, and factoring in the cost of risk mitigation. 

The lasting impression we all may be left with post-pandemic is that risk is not just a hypothetical, but real.

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Kevin Benedict
Partner | Futurist | Leadership Strategies at TCS
View my profile on LinkedIn
Follow me on Twitter @krbenedict
Join the Linkedin Group Digital Intelligence

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

Leadership and Mental Biases in a Pandemic

The global magazine, Foreign Policy, has compiled a list of things that kill more people than sharks - trampolines, roller coasters, vending machines and furniture/TVs:  In fact more than 26 people die every year after being crushed by furniture/TVs, and only an average of six people die each year from shark attacks.  With these numbers there should be an entire week dedicated to furniture/TV attacks on Discovery Channel.

Humans are not very good at analyzing risk.  We are all afraid of sharks, but never give our furniture a second look.  We all come with biases, prejudices, paradigms, different education levels and viewpoints that influence and filter the way we think.  This is all before we consider normalcy bias.  Here is what Wikipedia says about normalcy bias, "It is a tendency for people to believe that things will function in the future the way they normally have functioned in the past, and therefore we underestimate both the likelihood of a disaster and its possible effects."  It's reported that 70% of people display normalcy bias during disasters.  It's what makes people reach for their laptops and suitcases when they exit a plane during a serious emergency.

Paying the Piper In the Midst of a Pandemic

In the German folk tale, The Pied Piper of Hamelin, the leadership of a small village made a verbal contract with a mysterious flute-playing exterminator to rid the village of rats.  Once the rats were successfully removed, the village leaders refused to pay.  They came to regret that. From this old tale came the saying, "pay the piper" which acts as a warning.  It means you better pay the true cost, or something sinister will happen.

In the Pied Piper of Hamelin tale the village lost their youngest generation, in the current COVID-19 scenario, it is our oldest generation most at risk.  The question to ask ourselves today is have we stopped paying the piper?  Have we lost our fear of existential risks.  Have we as a society come to believe we no longer must pay the cost of risk prevention?  Have we come to value short-term profits over safety and the lives of our most vulnerable?

Our lack of fear is a new thing.  Throughout history humans have been very fearful for good reasons.   Life was mostly short, exhausting, violent and full of suffering.  For example in 17th-century England life expectancy was only 35-years old.  In the early Colony of Virginia it was only 25-years old.  Out of the 270 men on five ships in Magellan's fleet, only 19 survived the voyage.  Yet today we seem to believe that we are safe, in control and there is no longer the need to pay the piper.

In March of 2020 the markets crashed.  Why? Investors never anticipated existential risks like COVID-19, although there have been 8 pandemic's in the past 70 years.  Investors never built the risk of a global pandemic into their financial models — and when the risk of COVID-19 had to be priced into their models in February and March of 2020, our global markets collapsed.

The United States' entire defense budget for 2020 is $738 billion. Yet in comparison we now find ourselves pumping a massive $2.2 trillion into the US economy in response to the COVID-19 pandemic.  We are now paying the piper, but on his terms.

I hope we learn from this.  I hope we decide to pay the piper in the future.  I hope in years to come we invest in finding and stopping pandemics early, creating vaccines and the means to produce them, have teams of experts trained to lead fights against pandemics, establish a reserve of life support systems to respond to outbreaks, and accumulate large stockpiles of protective equipment to enable our healthcare workers to provide the care we require.

Let's pay the piper.

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Kevin Benedict
Futurist/Founder
View my profile on LinkedIn
Follow me on Twitter @krbenedict
Join the Linkedin Group Digital Intelligence

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

Speed, Accidents and Pandemics

The value of distance has been lost to speed.  Throughout history distance meant a level of security and safety.  Invading armies of marching foot soldiers could cover about 20 miles per day on Roman roads.  A thousand miles distance between a town and an invading army equated to at least 50 days of security and time for the townspeople to either prepare a defense or flee. Historically distance was not only a protection against invading armies, but pandemics, epidemics and plagues as well.  Some diseases started on one continent and took years to reach another.  Speed, however, has removed this protection.  It has made us all continuously contagious neighbors.

Today the world is divided into GPS coordinates surveyed by invisible drones and satellites.  These and other technologies support the ability to deliver people, cargo, munition and disease anywhere in the world within minutes or even seconds.  The value of distance has nearly disappeared.

Professor Paul Virilio, a sage futurist, wrote every innovation comes with  a guaranteed accident.  For example, you cannot create a Tesla without a Tesla crashing.  Innovations and accidents are inseparable.  You cannot have one without the other. The technologies that support globalization, global supply chains and air travel guarantee pandemics.  You cannot have one without the other.  The world has faced over 70 epidemics since 1957 and 8 pandemics.  That averages one or more every year.

The data tells us that epidemics and pandemics are now guaranteed and common.  We cannot move blindly forward in a global network of people, economies, supply chains and connected technologies without paying the piper.  We must set-up the processes, plans, and government and economic levers necessary to live and thrive under the continuous exposure of pandemics.  It is no longer acceptable to be surprised and unprepared.

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Kevin Benedict
View my profile on LinkedIn
Follow me on Twitter @krbenedict
Join the Linkedin Group Digital Intelligence

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

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