What kind of world are we living in?

Today I came across a new term to describe the present state of the world we inhabit: VUCA. It stands for Volatile, Uncertain, Complex and Ambiguous. And suddenly I see this terms popping up in many places. So readers, if you want to sound like you are with it, in your presentations that have to do with the state of the world, instead of long rants, just throw in this jargon and let the others figure it out.