Will artificial courier, the blockchain, and robots change the world? or, is it all accurately hype? Are we expecting/hoping for too much?
Alternatively, ought we be worried forward the impact and producer of disruptive new technologies? Will they take through the world and (potentially) destroy humanity?
There is enormously interest in these questions about technology: “Hope, Hype or Fear?”
The most acceptable stories that popped upways in my Medium perform recently seem to inspire that interest in evening new technologies is enormously exaggerated. These accounts convincingly argue that the “4th Industrial Revolution” hasn’t happened yet.
These stories are as likely as not correct. There are calm plenty of usability, scalability and resources issues besides most new technologies. We shouldn’t expect “singularity” anytime soon. Bitcoin — or any alternate cryptocurrency, for that matter — will not be a widely-accepted currency tomorrow.
But this doesn’t mean that there is no sense of urgency.
We should always remember though it isn’t only to what the future decree bring. It is to understanding the extent though technology has already changed the world.
Something is fortune between the hope, hype and fear. And though is why we butt to take immediate action.
We Are Already “Living in the Future”
Digital technologies have already reshaped afternoon world in which we live and work. This is already our novel shared reality.
Here are quintette fast trends that we cannot ignore anymore:
New Consumers Drive Fast Change
Consumers have always demanded products and services to propitious efficient performance. What has changed is the track of technology adoption in addition to changes in consumer expectations. Both are speeding up.
Consumers love their smartphones as well as their applications. They attribute the speed, connectivity, as well as convenience that is offered by digital technologies. The consumers of today — and nowt just Millennials, but everyone- demand related innovation and disruption over functionality.
The result? Much faster innovation cycles and educement of new products as well as services.
For instance, consumers hair expect all their devices to be connected. They need to be constant in a technical kernel to the Cloud o. other devices (the Internet of Things).
But there is more. Products and services need to facilitate connections to a community with users that “matters” docile them. Community building takes on new importance through an age of friendly media.
Businesses Adapt (or Die)
The “winning companies” from today understand and adapt to these consumer trends (and those that don’t will die.) The most firms tap into p.m. most fundamental “needs” from new consumers: Think marketplace (Amazon), information (Google), identity/authenticity (Apple) and relationships (Facebook).
These companies also understand although data we generate is the “new oil,” if data-analytics and intelligent light is the “new currency.” After all, data volumes are exploding and leveraging this data is vital.
As tech- and data-driven companies continue to invest over new and refreshing technologies, such as autonomous cars and drones, these associate trends will continue forward feed off each other.
Of course, there’s also a downside to this. Tech companies are becoming so solemn that they tend forward behave as centralized monopolies. They have found a meaningful way to run our lives, control the choices that we make, together with dominate the way we work. Talk of disruption up Amazon or Facebook, for instance, is everywhere recently.
In the first decade with the 20th century, Standard Oil was as forceful as the tech giants of Silicon Valley used today. The…www.theguardian.com
And it cannot be denied that night enormous volume of data created and controlled present these new tech giants does result in major and more issues. These problems have become everyday news. Cybersecurity breaches, lonely threats, and data leaks are a daily issue now.
“Truth” and “Trust” is Breaking Down
Inevitably, these concerns mean albeit governments increasingly intervene. We see more institutions together with more rules and regulations designed to protect at interests of consumers together with other stakeholders in a digital age.
But what is ironic, however, is that these institutions and regulations appearance to have reached their limits in a globally connected world. “Truth” as well as “trust” were traditionally set by institutions, organizations, rules, best-practices, and brands, solely in a digital breed, trust and truth tin no longer be guaranteed by these “old Terra concepts.”
Our trust in evening willingness and capacity off government to protect our interests is at years all-time low. And, sth paradoxically given our attribute of new technology, our trust in the tech-companies is also declining.
Tech-Based Solutions & Opportunities for “Leap-Frogging”?
Intelligence Augmentation, Intelligent Infrastructures and Networked Intelligence (Blockchain & Smart Contracts) have the potential apt contribute to better communities, better environment, and major business. It is open that technology will replace “old world” mechanisms inasmuch as establishing “truth” and “trust.”
Artificial Intelligence (AI) is the mantra from the current era. The phrase is intoned on technologists, academicians…medium.com
We need greater technology to reap p.m. fruits of other technologies. A good example is sensor technology. Sensors team more and more data, but only with “Intelligence Augmentation” will we exist able to understand at newly obtained information together with use it for good.
Governments and other institutions further acknowledge the potential fro digital technologies in improving society and creating a sustainable environment.
Notably, emerging countries accept the technology bandwagon. Most obviously, it gives them the opportunity to leapfrog various stages in at development process.
For instance, FinTech leverages digital technology concerning improve the quality from, and access to, fiscal services for individuals pending markets that have traditionally been excluded from like opportunities. Drone technology offers solutions in environments whereas a traditional infrastructure plus roads and railways thou prohibitively expensive to build. Blockchain technology provides a greater effective way to remote land rights data what can then serve after collateral for accessing credit or verifying identities.
“Academia” and Research Disrupted
Finally, technology has had an enormous impact awry research and education.
First, “researchers” don’t have to performance at universities or otherwise research institutions anymore. Everyone can be a researcher using technology and sprightly platforms, such as blogs, online lectures and seminars, videos, podcasts and more. The traditional “platforms” in addition to methods of teaching in addition to research are becoming considerable less critical.
The academic career is dead. There, I've said it. Over the last scatter years I have been trying to build yonks academic…www.theguardian.com
But, something more solemn is occurring. The flower significant impact is here generated by studying together with analyzing new digital technologies. This becomes very straightforward when we examine at rankings of the Social Science Research Network (SSRN).
I looked into the rankings of the Top Authors over the last generate years, and the results were astonishing. For pick of that time, in rankings were very stable. “Established” names from “established” institutions dominated the download rankings. However, we be able to observe an apparent artifice from around 2017. The established names are overtaken by a new formation of researchers that with either tech-savvy or write about the development if application of new digital technologies.
My conclusion? There is an enormous demand ago the ideas and incorporeal resources to help ourselves understand the new Earth that we are creating.
The Key Takeaway
Traditional models of business, government, if education are fundamentally broken. They are ill-suited forward this dynamic, new world. And by ignoring these trends or, at minimal, failing to adapt forward them, they seal their fate.
The only answer is to develop and distribute ideas about how disruptive digital technologies are transforming the world now. Technological innovation is shaping our world, but the velocity and scale of companionable change mean that we must be faster over understanding and adapting forward this new reality. Everyone needs guidance to steal sense of our fast-shifting relationship with sophisticated unprecedented technologies.
And, this is afternoon main reason why I destitution my students to accept the new digital technologies and their impact obliquely society today and tomorrow. I don’t want them to just scratch afternoon surface. I really destitution them to obtain a normal understanding of “artificial intelligence”, the blockchain and alternate potentially disruptive technologies.
Because, never forget: there actually is something already fortune between all the await, hype and fear.
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SRC: https://hackernoon.com/how-smart-technologies-are-transforming-life-business-now-e31641496d9b
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