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"The Next Wave of Tech Disruptions"





  CREATIVITY & INNOVATION
VIVEK WADHWA VIA BIG THINK

Vivek Wadhwa predicts that virtually every major industry will soon be disrupted by technology innovation. He says "An open-minded and diverse population that readily shares information, encourages experimentation, accepts failure and dispenses with formality and hierarchy is what makes Silicon Valley the successful hub that it is."

Wadhwa argues that this decade will be the most innovative in history, predicting that "today’s technology is rapidly catching up to Star Trek" and that in the coming years, 3D printers will make it possible to synthetically produce meat and create an abundance of food, humans will eventually be banned from driving cars, and artificial intelligence will be able to be individual's personal medical assistants. Futurist Vivek Wadhwa predicts change "at a scale which is unimaginable before," thanks to advances in technologies like robotics and 3D printing. "New trillion dollar industries will wipe out out existing trillion dollar industries," he says. "This is the future we’re headed into, for better or for worse."  WATCH NOW THIS VIDEO VIA BIG THINK...


http://ecoworldreactor.blogspot.com/2017/02/the-next-wave-of-tech-disruptions.html 









BY BIG THINK



Directed/Produced by Jonathan Fowler, Elizabeth Rodd, and Dillon Fitton




Vivek Wadhwa is an American technology entrepreneur and academic. He is a fellow at the Rock Center for Corporate Governance (a joint initiative of Stanford Law School and Stanford Graduate School of Business); the Director of Research at the Center for Entrepreneurship and Research Commercialization at the Pratt School of Engineering, Duke University; and the author of the 2014 book Innovating Women: The Changing Face of Technology.




  more information on:
wadhwa.com.com


Wadhwa argues that this decade will be the most innovative in history, predicting that "today’s technology is rapidly catching up to Star Trek" and that in the coming years, 3D printers will make it possible to synthetically produce meat and create an abundance of food, humans will eventually be banned from driving cars, and artificial intelligence will be able to be individual's personal medical assistants...





VIVEK WADHWA SAYS:

 One of the things that has begun to worry me is the fact that I'm seeing change happening at a scale which is unimaginable before and that it's impacting industry after industry after industry. Every industry I've looked at I've seen a trend of major disruption happening. Manufacturing is the most obvious. With robotics and 3-D printing, as of this year, it is cheaper to manufacture in the United States than it is in China. It is cheaper to manufacture in Europe than it is in China. Why is that? Because with automated robots that have two arms, that have screens, which show you their emotion, with the sensors they have around them, I'm talking about Baxter from the Rethink Robotics or Universal. These robots have become very sophisticated. The cost of operation is less than the cost of human labor. So we can now have robots working 24/7 doing the things that human beings did. Give it five years and these robots will become ever more sophisticated. They'll be doing many, many more jobs, which means that the manufacturing industry is going to be disrupted in a very big way. The good news for America is that it's coming back here. The good news for Europe is that it's coming back there. The good news for Asia is that it's also going to become a local industry. Bad news for China because it's no longer going to happen in China.


 "An open-minded and diverse population that readily shares information, encourages experimentation, accepts failure and dispenses with formality and hierarchy is what makes Silicon Valley the successful hub that it is."


So, by the end of the decade you're going to see major upheaval in manufacturing, opportunities and problems. Move into the next decade, these robots will probably go on strike because we won't need them anymore. We'll have 3-D printers now. Within 15 to 20 years we'll be able to 3-D print electronics. So imagine being able to design your own iPhone and print it at home. That is what becomes technically feasible in the 15 to 20 year timeframe. So you're talking about major disruption happening to manufacturing in the short-term and then even greater disruption happening in the long term. Now look at finance. We're seeing the turmoil that Bitcoin is creating. You now have many parties supporting it. Well, you also have crowdfunding shaking up the venture capital industry that they've become less relevant. We'll soon have crowdfunding for loans that in some countries already they're experimenting with taking out loans by if you want to buy a house, if you want to buy a car you simply get it from a large number of people.






You're now moving into cardless transactions for purchasing goods. We may not need the banks anymore. We may not need financial institutions the way we do right now. So there's going to be disruption happening to financial services whether or not financial services realizes it. In the USA they seem to be complacent because they've got laws protecting them. But the same laws don't apply in other countries. We may well have major innovations happening abroad which come now to the United States. Look at healthcare. That already we now have Apple putting a stake in the ground saying we're going to be the platform for health. They basically have announced their health platform. What they want is that all of these new sensor devices that are becoming common, which monitors your blood pressure, which monitors your blood oxygenation, which monitors your heart beats, which monitors your temperature, which monitors your activity levels, and soon which will monitor your blood glucose and monitor your internals. They want all of this data being uploaded to the Apple platform. Do you think Google will be left behind? Do you think Microsoft will be left behind? Do you think Samsung will be left behind? Everyone is jumping into the act. But soon when you have all of this data, we'll be able to transform the healthcare industry because we will be able to predict when someone is about to get sick. We will have AI based physicians that can advise us when we're about to get sick, that can advise us on what we need to do to get healthy.













VIDEO:  Vivek Wadhwa: Get Ready for The Next Wave of Tech Disruptions by BIG THINK via YOUTUBE










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  more information on:
wadhwa.com.com









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