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Fireside chat

UK: The Road to Recovery, KPMG

The world is changing faster than ever, so we go and take a look in the wormhole ...

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Matthew Griffin: UK: The Road to Recovery, KPMGClickTap to watch with sound
Matthew GriffinFounder, President and Futurist, 311 Institute
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About this fireside chat

Firstly, thank you to James Stewart, KPMG’s Vice Chairman for asking me to take part in KPMG’s first event of the year which, again, because of the ongoing global COVID-19 pandemic was held online and streamed live to thousands of attendees around the world.

During the event, aptly titled The Road to Recovery, we heard from Tony Danker, the newly appointed CEO of the Confederation of British Industry which represents over quarter of a million British businesses, and heard how Brexit and the pandemic are impacting overall business confidence and strategy.

See the replay
 

We also heard from KPMG’s Rebecca Okuda about the impact of Brexit on UK and European businesses and business operations, and then the floor was turned over to KPMG’s Chris Hearld who took us on a journey of his own and discussed the future of cities.

During my session James and I discussed a wide variety of future topics including the future of work and the workforce, all the way through to how exponential thinking and emerging technologies can help businesses of all sizes disrupt the status quo and prosper on the global stage like never before. And, as always, if you like what you hear and would like to know more then I’m just a mouse click and a DM away.

311 Intelligence

What this means for your leadership team

Confidence and strategy are linked.

The session heard how Brexit and the pandemic were shaping business confidence and strategy at the same time. Leaders who treat the two as separate problems risk planning for one shock while the other moves. A single view of both is the safer base.

Technology is a growth lever.

The chat tied exponential thinking and emerging technologies to firms of all sizes prospering on the global stage. Exponentially improving technologies keep reshaping the economy even as classic chip scaling slows. Weak productivity growth persists, so firms that use these tools well stand out.

The workforce is changing shape.

Work and the workforce were a core theme. Rising pension ages and labour shortages are keeping more people at work into their late 60s and beyond. Workforce plans need to cover a wider span of ages and skills.

Three questions for your next leadership meeting

  1. Which of our plans assume one shock, not several at once?
  2. Where could exponential technology lift our productivity first?
  3. How are we planning for a workforce that works for longer?

The trends and technologies behind this session

From the 311 Starburst, the 311 Strategic Intelligence Unit’s map of the technologies and trends shaping the next 50 years.

Questions and answers

What does The Road to Recovery session mean for organisations?

It suggests planning for several pressures together. Brexit, the pandemic, a changing workforce and new technology all bear on strategy, and the session linked them rather than treating them one by one.

How does Exponential Technologies relate to this session?

The chat showed exponential thinking as a way for businesses of all sizes to disrupt the status quo. 311 tracks this trend as one to act on now, because these technologies keep reshaping the economy.

How does Longer Working Lives relate to this session?

The future of work and the workforce was a main theme. Rising pension ages and labour shortages are keeping more people at work later in life, which changes how firms hire, train and plan.

How can 311 brief our leadership team on this?

Through a private executive briefing or leadership workshop, tailored to your sector, in person first.

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Analysis by the 311 Strategic Intelligence Unit, from Matthew Griffin’s session and 311 data.

Future of Work: One Person, 10,000 Hands cover
If Matthew gave this session today

One heavy AI user directs about 18 people's work.

311 Institute's Future of Work report finds a heavy AI user already directs the work of about 18 people for $180 a month. It takes the productivity question this session raised and measures what one person can now make and direct.

Read Future of Work: One Person, 10,000 Hands, free
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Bring this session to your event

UK: The Road to Recovery, KPMG, tailored to your audience.

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