This document discusses the accelerating pace of technological change and its impact across industries and societies. It notes that while technology changes exponentially, people often think linearly. As a result, many business models are outdated. The document outlines many areas that have seen massive changes in just the last three years, including mobility, cloud computing, big data, and the internet of things. It emphasizes that innovation is now imperative for business survival and discusses different types of innovation as well as barriers to innovation.