Before he started consulting and speaking as a professional futurist, Richard worked in the investment business as an institutional investor, and earned the Chartered Financial Analyst designation (which The Economist recently called the global gold standard for post-graduate degrees in finance). Because of that background, he knows that talk is cheap, but evidence is critical.
The future is his field of study, which means Richard isn’t a specialist on a single subject, but instead a generalist with a broad knowledge of a wide range of fields. He uses this background to create a big picture of what’s going on around your organization now and in future, ties all the lose ends together, and provides new information and insights that makes the presentation both intriguing and useful to your conferees.
For over 20 years Richard has helped organizations plan and prepare for a more prosperous, more enjoyable future, with senior business leaders, pharmaceutical companies, technology companies, agribusiness and farm groups, health care and medical groups, credit unions, banks, financial advisors, technology companies, life science researchers and investors, alternative fuel and energy groups, government agencies, manufacturers – and lots of others besides.
But what’s important is that he can create a unique, upbeat, candid, and useful presentation, outlined, designed, and fine-tuned specifically for your audience.
- Innovation in Finance: Great Opportunities, Terrifying Challenges
The entire financial industry is undergoing massive changes, with consolidation (to the extent permitted) among the major players, plus the prospects of assaults by fintech and insurtech new entrants. Futurist Richard Worzel is both a business visionary, and a Chartered Financial Analyst. In this overview of the future of the financial industries, he discusses the challenges and prospects for new players including:
- How technology is threatening traditional banking and investment players, including crowdsourced disintermediation for loans, mortgages, and deposits; the application of Artificial Intelligence to investment research and portfolio management, as well as to insurance; as well as the prospects for what happens beyond online and mobile banking.
- The Big Five schedule 1 Canadian banks have seen off all comers, from American commercial banks to niche market domestic upstarts to credit unions. Yet, they are widely disliked by the Canadian banking public. Innovation remains the only way for any new player to seriously challenge them.
- Meanwhile, the same technologies that threaten the financial industry also make it possible for new entrants to move towards friction-free finance for clients, and, if done properly, to create a superior client experience.
Richard shares his insight into creating an innovation organization, where innovation is an every-day thing, rather than a once-in-a-while, when-we-have-time rarity is the crucial task for anyone seeking to overcome the enormous obstacles surrounding finance, and penetrate the lucrative heart of the financial industry.
- Artificial Intelligence and Health Management
Artificial Intelligence (AI) is the hot topic in technologies these days, but even though there’s a healthy dose of hype involved, there are still very good reasons why those involved in health care, but especially in the pharmaceutical industry, need to pay attention to how it is changing the economy, society, and business.
Futurist Richard Worzel is a business visionary as well as a Chartered Financial Analyst. In this presentation, custom-crafted for Pfizer, he provides an overview of how technology generally, and AI specifically is changing all the rules, including:
- Drug discovery – Evolutionary algorithms have the potential to reduce the costs of drug discovery at every stage of research and clinical trials and to rescue drugs that have potential, but might not otherwise make it through clinical trials.
- I excels at multivariate analysis and pattern recognition, both of which are critical to developing new pharmaceuticals, as well as marketing them to the right people.
- AI and automation will be as disruptive to supply chain management and lean operating efficiency as the Internet was, which means that organizations cannot afford to be left behind in adopting it.
- The emergence of personal AIs, today through smartphones, but eventually through virtual assistants, have the potential to revolutionize health assessments, medication management and monitoring, and crisis intervention.
- In combination with Cloud and Fog computing, virtual assistants could lead to the emergence of an integrated, global, health management system that would, among other things, revolutionize drug development, testing, and management.
As well as providing a road map of the future of health care, Richard will also provide insights about tools from the futurist toolkit to help you turn the uncertainty of the future into a competitive advantage.
- Artificial Intelligence and the Future of the Legal Profession
Artificial Intelligence is the technology most likely to provide the next – and perhaps greatest – wave of disruptions in society and the economy. And the legal profession, based as it is on rules and precedents, is particularly susceptible to disruption.
Futurist Richard Worzel is a business visionary as well as a Chartered Financial Analyst with in-depth experience with professional practice, and working history with legal professionals. In this presentation, he outlines what AI is, what practitioners should, and shouldn’t, expect from it, and how it can be used to produce a competitive advantages. Among the topics Richard will explore are:
- What AI is, what it is not, and why it will be so disruptive;
- The three characteristics of AI that are key to understanding its future effects on professional practice;
- Why AI is not a magic formula, and what three things you must have to make effective use of AI in your practice;
- Areas of practice in which AI will have the greatest impact;
- Why AI alone is not enough, and what model legal practitioners should consider in deciding how to adjust to the emergence of AI in the practice of law; and
- How AI will affect staffing, succession, and the business management of legal practice.
“Artificial Intelligence is an absolute game-changer,” says Richard, “and that means it offers the opportunity to pick up market share from slower competitors, as well as the threat of being left behind by those who think they’re immune.”
- Upsetting the Apple Cart: The Future of Food Retailing
The food retailing apple cart has been upset in recent times by the emergence of deflation – something that America hasn’t experienced since the 1930s. Yet, the changes to come will be even more profound, and food retailers that want to defend – or expand – their market share will need to adapt their approach to the trends that are mutating their future.
Business visionary Richard Worzel is a Chartered Financial Analyst as well as one of today’s leading futurists. In this presentation, he analyzes the future of food and food retailing to map out the changes ahead, including:
- What’s causing deflation in food, and will it persist?
- Amazon is nosing around the food industry. Is this a serious threat, or are they entering a market they don’t understand, and that will mousetrap them?
- How will genetics and the rise of food allergies and sensitivities affect what foods people want to buy? And is that a bad thing or a good thing?
- How will technology change society and the economy in general, and food retailing in particular? And are the changes to come going to be more or less dramatic than those we’ve already experienced?
- Is there a secret formula for success in retailing? If so, what is it, and how do you use it?
“Times of turmoil are times when market share is up for grabs,” Richard says. “And change is like a riding a tiger – it’s most dangerous if you let go.”
- Innovation, Foresight, and Leadership in the Insurance Industry: Preparing Your Organization – and Your Clients – for Tomorrow’s World
Technology is producing dramatic changes in business, society, and interpersonal relationships that both threaten a business’ future success, and offer it opportunities that have never existed before. But to avoid the pitfalls and exploit the opportunities, organizations need to innovate, and innovation is a virtue that requires leadership and foresight. More than that, innovation must become an organization’s culture, not a “sometime, when-we-have-time” thing.
Futurist Richard Worzel is a business visionary as well as a Chartered Financial Analyst. In this presentation, specifically crafted for insurers, Richard surveys the future, and talks about how to support and encourage innovation. Among the topics he covers are:
- Emerging technologies and their implications – There are so many new technologies emerging in so many fields that it’s hard to keep track of them, including Artificial Intelligence (AI), Evolutionary Algorithms (EA), Fog computing, the Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), Smart Glasses, Virtual Assistants (VAs), 3D printing, and a panoply of developments in the biosciences that are revolutionizing health care. “Understanding the primary effects of so many technologies is hard enough,” says Richard, “but trying to anticipate the downstream effects, and how they will interact with each other is much, much harder.”
- Creating an Innovation Organization – Even though it’s clear that innovation is critical to the future, there are hidden obstacles that produce a natural avoidance of innovation in every organization. Identifying these obstacles, and then finding ways to help professionals around them is critical to creating a culture of innovation. “Successful innovation isn’t something that happens only at the top, but must become embedded in the mindset of all its people,” Richard notes. “Creating an environment that fosters that mindset – that’s where the hard work is done, but there are tools and techniques that can help.”
- Leadership & Foresight – “There’s a poorly understood relationship between leadership and foresight, but they actually support each other. Better foresight produces better leadership, and vice-versa. And helping organizations improve their foresight is central to my mission,” Richard concludes.
Richard will end by highlighting some of the techniques from the futurist’s toolkit that innovative professionals can use to improve results for their clients, their own organization, and the communities in which they live.