Senwes Scenario February / March 2019 | Page 8

Theme: Mindshift INNOVATION THE TECHNOLOGY SHIFT Today's producers will have to make a mindshift in terms of their farming operations with challenges becoming more pronounced. Producers will have to take advantage of new technologies to optimise their farming operations.  By Martin van Zyl Senwes Group Executive: Innovation and Integrated Solutions F or most of the history of business, the world’s leading companies have been industrially-focused. Pioneers like Henry Ford and Thomas Edison inno- vated in the physical realm using atoms – they came up with novel ways to reorganise these atoms to create things like the assembly line and the incandescent light bulb. Then, companies invested massive amounts of capital to build physical fac- tories, pay thousands of workers and build these things. The majority of the great blue chip companies were built this way: IBM, U.S. Steel, General Electric, Walmart and Ford are just some examples. But today’s business reality is very dif- ferent. We live in a world of bytes – and for the first time technology and commerce have collided in a way that makes data far more valuable than physical, tangible objects. The best place to see this is in how the market values businesses. TOP 5 PUBLICLY TRADED COMPANIES (BY MARKET CAP) Tech Other 2013 $416B $404B $257B $255B $246B $851B $717B $703B $701B $508B 2018 06 SENWES SCENARIO | MIND-SHIFT 2019