The global COVID-19 pandemic is a historic Black Swan event that offers a Green Swan of opportunities to harvest innovation from 50 years of converging exponential technologies.
According to author Nassim Nicholas Taleb, Black Swans are unexpected, hard-to-predict events that result in extreme, unintended consequences.
To lessen the impact of current and future Black Swan events, we have Green Swan solutions that are ready to deploy on behalf of preparedness and resilience.
Entrepreneurs, new business models and investors will show us the way forward.
We need to encourage and fund new business models that leverage converging exponential technologies.
New business models are quickly emerging based on cloud computing, internet of things, artificial intelligence, blockchain, data analytics, augmented/virtual reality and combinations thereof.
Regulatory barriers for new business models should be eliminated or eased.