Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research

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Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
Blurred Lines
ILTA Insight Conference 2013

                     November 14th 2013
                                 London
                      Rohit Talwar - CEO
                    Fast Future Research
                     www.fastfuture.com
                    rohit@fastfuture.com
                      Twitter @fastfuture
Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
Contents

• Presentation              p. 4
• About Fast Future         p. 46
• Image Sources             p. 54
Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
What we do
 Foresight Research
   Helping you explore and understand
   forces and ideas shaping the future

 Consulting
   Enabling you to respond to and create
   future change

 Speaking and Moderating
   Inspiring insights into a changing world
   and how others are responding

 Event Design and Facilitation
   Bringing the future to life and helping
   develop an action agenda
Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
Objectives of ILTA Legal Technology
          Future Horizons Project
•    Identify key business, legal and IT trends and
     developments
•    Build timeline of emerging technologies and IT
     developments with high potential legal impact
•    Explore IT’s transformative role in future legal business
     models and service differentiation
•    Highlight strategic imperatives for effective use and
     management of legal IT
•    Conducted January – November 2013
•    Publication – January 2014
•    6 Sponsors
•    Combined desk research, interviews with managing
     partners, CIO’s, vendors, futurists and technologists,
     global surveys on the business applications of IT (499
     responses) and emerging technologies (223 responses)
•    Key findings are presented on the following pages
     including the highest ranked responses in the surveys
Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
‘Future Proofed’ Organisations
 Work on 3 Horizons in Parallel

1-12 Months       1-3 Years        4-10+ Years

Operational        Drive for       Creating the
Excellence        Innovation         Future
              Efficiency, Growth
Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
Sustainability is the New Priority
Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
Economic and Political Uncertainty
and Turbulence are the ‘New Normal’
Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
Socio-Demographic Trends are
      Reshaping Society
Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
The Biological Era is Emerging
Blurred Lines ILTA Insight Conference 2013 - November 14th 2013 London Rohit Talwar - CEO Fast Future Research
‘Magic’ and Science are Blurring

                     Mapping and
                     Uploading the
                     Human Brain

                      Cognitive,
                      Genetic,
                      Physical and
                      Electronic
                      Enhancement of
                      the Human Body
‘Big Science’ is the Battleground
10 Emerging Challenges –
Embedding IT in the DNA of Tomorrow’s Law Firm
Globalization as a Universal
   Business Challenge
Rise of Emerging Markets
   Driving Greater Reliance on IT (60%) and
Increased Competition for Global clients (56%)
Uncertainty and Efficiency as
     Sector Disruptors
Strategic Wisdom and Insight as
         a Differentiator

                     60%
                      Depth of
                       Client
                     Knowledge
                     and Insight
Redefining Risk – Client Drivers

 67%
  Security
  Concerns

 57%
  Shorter /
   Faster
   Cycles
Developing Magnetism -
Client Acquisition and Retention

                     67%
                     Service Quality a
                     Key Differentiator

                     58%
                     Alternative Fee
                     Arrangements a
                        Disruptor
Disruptive New Entrants

77%
IT Firms Offering
 Direct Delivery

58%
New Entrants =
Biggest Source
 of Disruption
Transformation of Education

                   51%
                  Law schools will
                    increasingly
                    provide legal
                     services to
                    differentiate
                  themselves and
                  generate income
Unleashing Technology

  73%                     88%
Capacity for Rapid IT-     Emerging Tech
 Enabled Innovation:      Integral to Courts
Critical Differentiator
Our Technologies are Evolving
 From Desktop to Mobile ...
...to Wearable...
...to Embedded...
... to Grown and Grafted...
…and totally Connected via
    ‘The Internet of Everything’

“What happens when the smartest thing in the room is the room itself?”
                        Madeleine Albright
Artificial Intelligence is Going
                  Mainstream
                                                                    88%
                                                                  AI advisers /
                                                                  helper apps
                                                                  will structure
                                                                       legal
                                                                   documents
                                                                   and check
                                                                     content
                                                                  generated by
                                                                     lawyers
Speech / gesture / image recognition, integrated analytics, knowledge management,
 image / video / voice mining, client self-service, intelligent documents, expertise
  systems, collaboration, secure email, virtual assistants, intelligent agents and
                               collective intelligence
Technology Timeline (0-12 Months)
Technology Timeline (2-5 Years)
Technology Timeline (6-10 Years)
Technology Timeline (10+ Years)
Repositioning IT Management

  68%                  64%
   Balancing           Aligning IT to
Security / Mobility   Business Need
Turning Insight into Opportunity

Markets   Mastery     Muscle   Magic

Message   Models    Mindset Management
Markets – Do we Understand
      Future Business Drivers?

Leverage Existing            Develop New
                                                        Build Emerging
   Capabilities              Capabilities
                                                        Market Pipeline

                                            Respond to Fast Growth
     Target Growth Sectors
                                                 SME Needs
Mastery – Where do we Need to Excel?
E.g. Collaboration, Service, Managing Change, Operational
 Processes, Technology Planning, Foresight and Insight

Baker Donelson - Client Access to Workflow
Muscle – What New Survival and
 Growth Capabilities do we Need?

                       Never trust a robot lawyer –
                         they only know 3 laws

Bradford Barthel –   Troutman Sanders –
 AI Case Analysis    Emerge Ediscovery
Magic – How to Create ‘Wow Factors’ for
      Different Customer Types?
Message – How do we Align our
Actions with our ‘Brand Story’?

 Bryan Cave - Innovation Department
Brilliant Law – Transparent ecommerce
Models – Asset Finance,
Innovation and Revenue
Mindset – Uncertainty Tolerant, Experimental,
       Curious, Sticky and Magnetic

       Allen & Overy – Technology Fair
Management – What Critical Actions
 can we Take to Drive the Future?

   Reynolds Porter Chamberlain - Edge
Which are we Pursuing?

Markets   Mastery     Muscle   Magic

Message   Models    Mindset Management
Conclusions –
        21st Century Survival Skills

•   Foresight / Curiosity
•   Sense making
•   Accelerated learning
•   Uncertainty tolerant
•   Scenario thinking
•   Embrace complexity
•   Networking
•   IT Innovation
Useful Reference Sources
•   Genetic profiling - https://www.23andme.com/
•   X Prize - Breakthrough innovation projects - http://www.xprize.org/
•   Google brain uploading - http://digitaljournal.com/article/352787
•   Brain mapping projects - http://www.technologyreview.com/news/513011/why-obamas-brain-
    mapping-project-matters/
•   Global Future 2045 (immortality) http://2045.com/
•   Human enhancement - http://en.wikipedia.org/wiki/Human_enhancement
•   Wearable technology – Google Project Glass - http://www.google.com/glass/start/
•   Emotiv Epoc Brain-Computer Interface - http://www.emotiv.com/
•   AI Essay Grading Software - http://www.nytimes.com/2013/04/05/science/new-test-for-
    computers-grading-essays-at-college-level.html?pagewanted=all&_r=0
•   Crypto currencies –
     – http://www.abc.net.au/technology/articles/2013/09/25/3855973.htm
     – http://en.wikipedia.org/wiki/Cryptocurrency
     – http://en.wikipedia.org/wiki/List_of_cryptocurrencies
•   Autonomous cars -
     – http://www.engineering.com/DesignerEdge/DesignerEdgeArticles/ArticleID/6357/Tesla-
        Working-on-Autonomous-Car.aspx
     – http://www.popsci.com/cars/article/2013-09/google-self-driving-car
About Fast Future
Fast Future –
                    Core Services
• Live Events - Speeches, briefings and workshops for executive
  management and boards of governments, investment funds,
  development agencies , companies, airlines, airports, hotels, venues,
  CVB’s and associations
• Future Insights - Customised research on emerging trends, future
  scenarios, technologies and new markets
• Immersion - ‘Deep dives’ on future trends, market developments,
  emerging issues and technology advances
• Strategy - Development of strategies and business plans
• Innovation - Creation of business models and innovation plans
• Engagement - Consultancy and workshop facilitation
Fast Future
•   Research, consulting, speaking, leadership
•   5-20 year horizon - focus on ideas, developments, people,
    trends and forces shaping the future
•   Clients
      – ING, ABN Amro, Laing O’Rourke
      – Marks and Spencer
      – Airports - Aeroports de Paris / Schiphol Group
      – Vancouver Airport Services
      – Industry Associations – ICCA, ASAE, PCMA, MPI
      – Corporates - GE, Nokia, Pepsi, IBM, Intel, Orange,
         O2, Siemens, Samsung, GSK, SAPE&Y, KPMG,
         Amadeus, Sabre, Travelport, Travelex, ING,
         Santander, Barclays, Citibank, DeutscheBank
      – Governments - Dubai, Finland, Nigeria, Singapore,
         UK, US
      – Convention Bureaus – Seoul, Sydney, London, San
         Francisco, Toronto, Abu Dhabi, Durban, Athens,
         Slovenia, Copenhagen
      – Convention Centres – Melbourne,
         Adelaide, Qatar, QEIICC
      – Hotels - Accor Group, Preferred,
      – Intercontinental
      – PCO’s - Congrex, Kenes
Our Services
                                   Bespoke research; Identification &
                                   Analysis of Future Trends, Drivers &
                                   Shocks
  Public Speaking, In-
  Company Briefings,                                Accelerated Scenario
  Seminars and                                      Planning, Timelining &
  Workshops                                         Future Mapping

Personal Futuring for
Leaders and Leadership                              Expert Consultations &
Teams                                               Futures Think Tanks

                                                  Identification of
   Design & Facilitation of                       Opportunities for
   Innovation, Incubation                         Innovation and Strategic
   & Venturing
                              Strategy Creation & Investment
   Programmes
                              Development of
                              Implementation
                              Roadmaps
Example Projects
•   Public and private client research e.g. :

     –    Reinventing the Airport Ecosystem

     –    Development of Market Scenarios, emerging trends and strategies for key clients

     –    Government and OECD Scenario Projects – e.g. Migration 2030, Future of Narcotics, Chemical Sector, Family 2030

     –    Scenarios for the global economy for 2030 and the implications for migration

     –    Designing Your Future (Published August 2008) – book written for the American Society of Association Executives & The
          Center for Association Leadership

     –    Global Economies – e.g. The Future of China – the Path to 2020

     –    The Shape of Jobs to Come – Emerging Science and Technology Sectors and Careers

     –    Winning in India and China

     –    The Future of Human Resources

     –    Exploiting the Future Potential of Social Media in UK Small to Medium Enterprises

     –    Convention 2020 – the Future of Business Events

     –    Future Convention Cities Initiative – Maximising Long-term Economic Impact of Events

     –    One Step Beyond – Future trends and challenges for the events industry

     –    Hotels 2020: Beyond Segmentation – Future Hotel Strategies

     –    The Future of Travel and Tourism in the Middle East – a Vision to 2020

     –    Future of Travel and Tourism Investment in Saudi Arabia
Hotels 2020 – Objectives
• Identify key drivers of change
  for the globally branded hotel
  sector over the next decade
• Examine the implications for:
   Hotel strategy
   Brand portfolio
   Business models
   Customer targeting
   Innovation
Rohit Talwar
•   Global futurist and founder of Fast Future Research.
•   Award winning speaker on future insights and strategic
    innovation – addressing leadership audiences in 40 countries on
    5 continents
•   Author of Designing Your Future
•   Profiled by UK’s Independent Newspaper as one of the Top 10
    Global Future Thinkers
•   Led futures research, scenario planning and strategic
    consultancy projects for clients in telecommunications,
    technology, pharmaceuticals, banking, travel and tourism,
    environment, food and government sectors
•   Clients include 3M, BBC, BT, BAe, Bayer, Chloride, DTC De
    Beers, DHL, EADS, Electrolux, E&Y, GE, Hoover, Hyundai, IBM,
    ING, Intel, KPMG, M&S, Nakheel, Nokia, Nomura, Novartis,
    OECD, Orange, Panasonic, Pfizer, PwC, Samsung, Shell,
    Siemens, Symbian, Yell , numerous international associations
    and governments agencies in the US, UK, Finland, Dubai,
    Nigeria, Saudi Arabia and Singapore.
•   To receive Fast Future’s newsletters please email
    rohit@fastfuture.com
Designing Your Future
           Key Trends, Challenges and Choices

• 50 key trends
• 100 emerging trends
• 10 major patterns of change
• Key challenges and choices for
  leaders
• Strategic decision making framework
• Scenarios for 2012
• Key futures tools and techniques
• Published August 2008
• Price £49.95 / €54.95/ $69.95
• Email invoice request to
  rohit@fastfuture.com
Image Sources
Image Sources p.1
Page:
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23.   Clockwise:
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Image Sources p.3
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