Tag Archives: disruption Blog

Hey Millennials, Generation Z Is On Your Tail

It’s time to learn about the next game-changing generation. As a group, they’re already disrupting the previous generation of disrupters in the ongoing chain of disruption known as the 21st century, all due to the preeminence of technology in our world. The people of Generation Z, who are now coming of age, are the true “digital natives.” They know nothing apart from a world of ubiquitous, high-speed, pocket-sized, ever-expanding technology. The over-arching presence of tech in their lives defines how they work, play, think, and understand the world. The effects throughout society, and for business in particular, will be profound and swift as these young people grow into workers, leaders, and influencers.

Generation Z makes up 25.9% of the United States population, the largest percentage, and contributes $44 billion to the American economy. By 2020, they will account for one-third of the U.S. population, certainly worth paying attention to. … A “Millennial” is a person reaching young adulthood around the year 2000. Generation Z (also known as Post-Millennials, the iGeneration, Founders, Plurals, or the Homeland Generation) is the demographic cohort following the Millennials.

As we’ve always said, taking note of the devices people use and how they get information are keys to understanding how to deal with the oncoming wave of change without being overwhelmed. We also need to observe how companies that succeed in the near future communicate with, develop products for, and serve the next generation. When technological shifts are imminent, understanding of evolving markets, quickly adopting new tactics, and accepting risk all come into play.

The following article is a profile that will help you get up to speed on what Gen Z is all about.

Read full article: http://bit.ly/2yUfTC0

How the Internet is Further Concentrating the Wealth of the World

The internet has been the great disrupter for over 20 years now. But the greatest effects of the worldwide network we’ve come to depend on are yet to be seen. This article points to one — and it’s big.

Nintendo and its partners are rumored to be earning more than $1 million per day from Pokémon Go. That money is flowing away from small and medium cities and toward big technology companies concentrated in big cities.
Amazon is doing something similar, diverting business away from local retailers and sucking cash into its corporate headquarters in Seattle. Companies like Google and Facebook are drawing ad dollars that previously went to local newspapers and television stations.

The big tech companies are at the root of a new economy that is funneling real money in ways that we may not have expected or wanted. Check out how the success of Pokemon Go points to an economic reality that needs to be dealt with.

Read full article: http://cnb.cx/29BadMX