our in-depth research for over four decades can help you understand the mindset that you need to survive and

thrive in the digital economy The yin yang ability to apply optimization and agile innovation

is your key to digital enterprise transformation in this episode we will explore the flux now

taking place from the industrial economy to the digital economy the characteristics of challenges and opportunities of our new world

are starkly different from the characteristics that we have become accustomed to in the industrial era The

new business landscape has become a treacherous place for those who fail to adapt and a

virtual gold mine for those who do now let us understand the flux you have to know the

past to understand the present so in order to understand the world we are in now what we call our

digital economy we will first of all need to know what has happened in the past what we

call the industrial economy let's start by looking at world GDP The World Bank measures W GDP in constant

US dollars the value of all goods and services produced by all the countries in the world in a

single year the value of GDP in trillions of US dollars is measured on the vertical axis the concerned years

from nineteen sixty to twenty twenty-two is shown as a vertical line on the horizontal axis the red line

marks the year two thousand last year of the twentieth century marked the end of

an era and the beginning of a new one some call it the end of industry three point zero and

the beginning of industry four point zero others refer to it as the end of

the industrial economy in the beginning of the digital economy and research we perceive the phenomenon neither nor a beginning

rather it is a state of flux enabled by technology an ongoing shift in the characteristics of

the challenges and opportunities of our world now take a close look at how many years it

took our world to produce ten trillion dollars worth of goods and services for the first

time nineteen years the second ten trillion dollars ten years half the time the third ten trillion dollars

six years clearly accelerating But then look at what happened in the next round the

Asian Crisis of Nineteen ninety eight indeed our engine slow down a bit we needed eight years

for that only to make a remarkable recovery We needed less than three years to produce the world's fifth ten

trillion dollars of GDP another acceleration brings in the six ten trillion dollars in less than two years

and it's tale the unforgettable American crisis of two thousand and eight for the first time in history World GDP

contracted the decisive action taken by America's new president elect that year made an impact again our world needed less

than two years to produce the seventh ten trillion dollars of GDP The American crisis slow down the production of

our eight ten trillion dollars of GDP it also spawned the European sovereign de crisis over

the next four years consequently our world experienced its GDP contraction concerted government action spawned remedies

that led world recovery into producing our nine ten trillion dollars of GDP We were shocked by three

global crisis only to be flabbergasted by the covid nineteen pandemic that coronavirus delivered our third GDP contraction government leaders

acted decisively with vaccines at breakback speed mandated social distancing accelerated a new source social norm online

meetings the recovery that followed produced are ten ten trillion dollars of GDP by the end of

twenty twenty two the characteristics of challenges and opportunities of our new world are starkly different from the

characteristics that we have become accustomed to in the industrial era established ways of doing even

the most basic tasks are being reinvented the new business landscape has become a treurous place for those

who failed to adapt in a virtual gold mine for those who do this is the era of disruption in

the era of disruption What are the new rules that we all need to learn

to deal with what is the right mindset for the digital economy three GDP contractions within the last

two decades per capita GDP has more than doubled over sixty-three years what happened or better yet what

are we still experiencing in the world today Population growth alone cannot explain the accelerated growth of GDP

The answer lies mainly in the advancement and widespread use of digital technology artificial intelligence and robotics will soon be

further accelerated by quantum computing Brace yourself for what will happen when digital transition to the quantum era digital technology

is relentlessly fueling the convergence of three global phenomena a new lifestyle for everyone without exception a

new generation of consumers customers and workers empowered by smartphones and AI and the globalization of digital markets learn

the new rules of the digital era that we are still in learn to apply the right mindset for

those new rules now if you do not it may just be too late for

your business and your organization to cope with the tsunami of change in the quantum era you need

to organize for business excellence in episode one we explored the flux now taking place from the industrial

economy to the digital economy established ways of doing even the most basic tasks are being reinvented constantly we

live in an era of disruption the new business landscape has become a treacherous place

for those who fail to adapt and a virtual gold mine for those who do there are new rules

and we need to quickly learn to deal with them in the next episode we will understand the new