Louis notes that every time there is new technology being released which in the eyes of everyday people is seen as a game changer. The ever-changing innovations leave us wondering what the future holds for humanity. Someone who is 90 years saw the changes that innovation has had on the world has experienced since the 20th century which is fascinating, and the change in the 21st century is so rapid such that we do not know how the next five years will look like.
How technology can change industries in the future
Louis Chenevert says that technology can significantly change an industry, form his experience from working with UTC a company which worked for NASA. From space explorations and technology innovations made by NASA, Louis Chenevert says that technology, when used well, can result in improved performance in an industry. Louis Chenevert took over the UTC Company in 2008 where his focus was mainly on operational talent and engineering. He says that as an entrepreneur you should always focus on game-changing products. It is through this approach that his company was able to conduct space exploration by the creation of powerful rockets successfully.
He says that the speed of technology and the creation of opportunities can change the future of humanity. Technology is changing industries such that the question whether the automation of factories which has been predicted to replace human labor. Will auto driving cars replace drivers in the future? The new wave of cryptocurrencies would change the money form in the world. Therefore it is hard to predict the future, with the rapid changes in innovation.
The need for employees to develop their knowledge in technology
Louis Chenevert says that an older workforce is typical in the developed world and employers are worried about their health. This, however, should not be the only thing to worry about. However, employers should also worry about their successful adaption of technology. Employers need to teach their employees new ways of doing their duties by use of technology to boost productivity. Older employees will remain relevant to the organization if they increase their knowledge and skills in technology to increase productivity.