Artificial Intelligence & Technology Megatrends
The sheer scale and scope of technologies today make this megatrend impossible to predict from an investment point of view, and, whether there will be benefits or disruption to the workforce leading to a profound effect around the world. Impactful technologies are broad based: from artificial intelligence to cloud and quantum computing, drones and autonomous vehicles, virtual and augmented reality, 3D/4D printing, robotics, connected devices, Apps, and the internet of things (3).
While being both exhilarating and scary, let’s look at Artificial Intelligence (AI). The impact on society is projected to see it used more in assisting or replacing humans in manufacturing, military, space and transportation sectors, to name a few (2). Fully automated factories are now approaching reality. Sophisticated machines and intelligent robots infused with future technologies will soon allow a plethora of machinery to rapidly manufacture and fabricate products on demand without any human intervention. The trend will see the entire production line configured with AI allowing direct access and control to different machinery in the manufacturing process (5).
Artificial Intelligence is going to have detrimental effects from employment through to how business is invested. Investing in areas of AI such as robotics and battery companies (Tesla) are becoming a common theme and an area to watch. Elon Musk, the founder of Tesla, recently warned about the coming economic disruptions that automation and artificial intelligence will cause. Musk sounded the alarm about the threat AI could pose to human life on Earth! (6).
“When I say everything, the robots will do everything. Bar nothing,” said Musk. “Something like 12% of jobs are transport. Transport will be one of the first things to go fully autonomous” (6).
This is an interesting video illustrating what we could expect in the near future with regards to the latest robotic developments.
|||The speed at which these megatrends are developing will have a major impact on the future of our businesses. This is an important time that sees science and technology at the forefront of all industries in an effort to adapt to changes that could have a detrimental effect if we are not ready for them. We need to invest appropriate plans, money and time into preparing for the future.
PicNet – IT Services
|||References & further reading:|||