These days, I revel in the applause my son Tarun gets when he goes on stage. However, it was not always like this. When I saw him forget his lines and freeze up on the podium at the Economist Ideas Economy Information Summit eight years ago, my heart literally sank. I wanted to rush up and give him a big hug and say “it’s okay son, it wasn’t a big deal, don’t worry about it”. Tarun had worked day and night to be prepared for his first big talk. He memorized every word of a 12-minute long presentation. And then he forgot his lines.
I will never forget the anguish on his face.
Tarun did manage to muddle his way through the talk. The moderator also came to his rescue—knowing that any 23-year old would have difficulty speaking to an audience of 400 business executives and academics at one of the most prestigious conferences in the world.Continue reading
In 1995, the internet exploded with the promise of e-commerce and the digitalization of information. The first keynote speakers talking about the internet were overwhelmingly IT scientists and technology futurists, sharing their insights as to WHAT the technology advancements were.
But after a few years, the business experts emerged, showing WHY it was important and HOW to use it for profit.
The same is now happening with Artificial Intelligence, and related technologies such as autonomous systems, robotics, etc. The fascination is currently on the WHAT, but we are already starting to see a shift toward the WHY and the HOW. This means an eventual shift from computer scientists and futurists, to business strategy experts.
This is when the AI wave will become truly revolutionary for business.
The Key Shifts Include:
Business Strategy: Robert Safian has been exploring what leading companies like Netflix, Amazon, Spotify, Nike, Goldman Sachs and others are already doing with AI to disrupt their industries
Future of Jobs: Vivek Wadhwa is at Harvard University running the first ever global research study on how AI will change how we work and the future of professions.
Disruptive Innovation: Michelle Lee shares the patent trends from the USPTO to learn where companies are making multi-billion-dollar bets on the future of AI.
Financial Future: Nancy Giordano has been diving into the success of blockchain and crypto-currency technologies throughout the world.
Leadership Tools: Rebecca Costa’s latest book looks at how AI and predictive analytics is providing leaders an accurate look into the future, changing how we make decisions and allocate strategic resources.
Medicine and Health: Tarun Wadhwa has drilled down into the fascinating uses of AI that are changing every aspect of the medical and self-healthcare industries.
About the author: Michael Humphrey is a 30-year veteran of the speaking industry and is currently the CEO of Nextup Speaker Management.
In the near future, a young couple in a hospital clinic is going to be presented with a harrowing choice: they can choose to have their baby the normal way, as it always has been done – or they can pay extra to guarantee that their child will have extra intelligence, good looks, and live a life free of disease. Continue reading
At a recent ACG Silicon Valley event, Carnegie Mellon University instructor Tarun Wadhwa discussed the future of bitcoin and the potential power of Blockchain. Blockchain technology has a large potential to transform business, being both a disruptive innovation as well as one of the newest foundational technologies. That potential is already is already bearing fruit in many important industries, along with the growing pains. Tarun touches upon the future possibilities as well as the hurdles.
The biggest story in the ecosystem of blockchain is tokenization – the ability to turn physical and digital objects into a cryptographically secured digital representation of a set of rights. In other words, a string of code that can be tracked, traded, and split up into micro-fractions. We saw the first wave of excitement with ICOs, which are tokenized company equity, but that’s just the beginning.
Tokens will play a critical role going forward in virtually any digital exchange of value. And the implication of this is the creation of massive, entirely new markets. Assets that couldn’t be sold can now become liquid…it will soon be possible to buy shares in a house or an art painting just as you would stock in a company.
Yet to explore the real opportunities, we must also examine the hurdles that might hamper the growth of blockchain use. It is complex by nature, which make it hard for many users to understand. It lacks oversight thru regulation, which makes it risky. It can be an arduously slow system, which makes it less attractive for simple uses. It uses massive computing power for its checks and balances algorithms, which makes it dependent on large amounts of electrical power. And it promises to remove all the middle men, which also discards the value of expertise and dispute resolution that middle men delivered throughout history.
It is important to understand both the possibilities and the hype. While the vast majority of use cases we hear about today are going nowhere, there is something larger going on. Blockchain or some other form of partially distributed ledger, will ultimately be transformative in defining the future of how we own and exchange things.