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ACEC News / Fall Conference

October 28, 2021

Mitch Joel Sees Opportunities for Firms in The Great Compression

Mitch Joel Sees Opportunities for Firms in The Great Compression

All of the disruptions brought on by COVID over the past 18 months were in the works for years, Mitch Joel told the audience at the opening general session at the 2021 ACEC Fall Conference, but the pandemic accelerated their onset.

“It was The Great Compression,” said Joel, a best-selling author on the impact of technology. “The virtual world, remote work, all of that. They were coming. COVID just amplified and distributed them more widely.”

In a wide-ranging address—from Apple to a small guitar store in Tarzana—Joel sought to demonstrate to the audience that innovative leveraging of technology can open up new revenue streams and opportunities.

Applying this concept to engineering, Joel suggested that firms look to develop subscription models for their services and expand their reach into adjunct markets.

Click here to listen to an Engineering Influence podcast episode with Mitch Joel.


All comments to blog posts will be moderated by ACEC staff.

Date

October 28, 2021

Category

ACEC NEWS / FALL CONFERENCE

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