Notations On Our World (Weekly Edition): "The Future is Faster Than You Think"

Our team had the pleasure to join the Irvine Ranch Water District here in Irvine California as they provided a tour of their facility on how they work to create a sustainable strategy for the clients they serve--as part of our Community Engagement Efforts.  It is a window into a future that is truly possible.

We also wanted to note this from Peter Diamandis as he gears up for his new book that comes online next year--we look forward to building up and engaging here in the themes in spite of the profound challenges we face in our World as we look forward to live up to our mission to help change the conversation about our World and to help to create the future:

Over the next three months, I am beyond excited to give you a sneak peek into my new upcoming book, The Future is Faster Than You Think! Co-authored with Steven Kotler, The Future is Faster Than You Think examines the revolutionary changes brought about by convergence: What happens as AI, robotics, virtual reality, digital biology, and sensors crash into 3D printing, blockchain, quantum computing, and global gigabit networks? How will these convergences transform today’s legacy industries? What will happen to the way we raise our kids, govern our nations, and care for our planet?  We have now found clear evidence to believe that the rate at which technology is accelerating, is itself accelerating.  In just the past year, we’ve seen a dramatic rise of the deepfakes, and AIs that surge in capacity week by week. Today’s connected devices market is skyrocketing to a projected US$14.2 trillion economy by 2030. Stanford researchers predict 50 billion connected devices by 2020, and 500 billion just a decade later. Riding massive advancements in hardware, the AR/VR market could feasibly hit a US$767.67 billion valuation by 2025 (CAGR of >73 percent from 2018-2025). Meanwhile, 3D printing is expected to grow at a CAGR of over 29 percent in the next 5 years, surpassing a US$49 billion market by 2024. And in the next half-dozen years, we will begin connecting the globe—all soon-to-be 8 billion of us—at gigabit connection speeds. But these are just to name a few….  (Note: If you like this blog, share it! | LinkedIn | Facebook | Twitter | Read Online | Or send your friends and family to this link to subscribe!) What to anticipate in the book….  A follow-up to Abundance and BOLD, The Future is Faster delves into a host of converging technologies and how they will disrupt businesses, industries, and our lives in the decades ahead. And given the sheer pace of development across these exponentials, it has been a difficult book to write. Everyt ime we think it’s finished, we need to reopen a chapter to update it with what has just occurred.  Yet the bottom line remains the same: today’s emerging technologies are already building upon (and accelerating) each other’s growth. Whether in transportation, retail, advertising, education, health, entertainment, food, or finance, their convergence will have a profound—and irreversible—impact on every aspect of our lives. Offering technical insights from insider sources, The Future is Faster is broken into three parts. To start us off, Part 1 is a deep dive into each of the exponential technologies, what has been going on in the lab, and what is coming to market in the next 2-10 years. Tracking implications, the second part of the book examines all of today’s major industries and how they will transform over the next decade. In particular, we explore transportation, entertainment, education, healthcare, insurance, finance, real estate, energy, advertising, and retail, to name a few. One of the primary trends we address (applicable to everything from insurance to asset management) is removal of the middleman, which not only accelerates benefits to the consumer but newly grants them decision-making power.  Beyond benefits, however, the above exponentials have driven a tremendous amount of anxiety—from technological unemployment to loss of consumer privacy. Touching upon today’s most pressing concerns, The Future is Faster not only assesses risk but explores a range of feasible solutions, applicable in the near future. Finally, Part 3 of the book takes a look at the 5 Great Migrations that humanity will face over the next century.  While today’s greatest population shift involves migrations to inner cities (mainly due to climate change), we will soon witness mass migrations into space, into the virtual world, and finally, into a meta-intelligence, where we are all connected through the cloud.. Brain to brain and to each other.  Final Thoughts  Facing a brave new world, The Future is Faster offers a practical blueprint for the decade ahead, and a visionary’s guide for the coming century.  Our publisher, Simon & Schuster, is calling Abundance, BOLD, and The Future is Faster Than You Think, the “exponential mindset” series all put together.  As we approach the book’s public release on January 28, 2020, we’re excited to share with you a range of snippets in the form of bi-weekly blogs…. and can’t wait for your feedback! Join us in predicting the future… and creating it in the process!

Notations From the Grid (Weekly Edition): On The Future

Please enjoy this perspective on Artificial Intelligence as a new week dawns:

Briefly...on Artificial Intelligence's t on the ace

Above (L to R): Joe LeRoy of Goldman Sachs, Jeffrey Howell of Panasonic Industrial Devices, Richard Hughes of UnitedHealth and Brian Marcotte of the National Business Group on Health How is artificial intelligence shaping the workplace of the future? At the Ayco InnerCircle conference, which brings together practitioners and thought leaders in the human resources industry, Goldman Sachs' Joe LeRoy of Ayco's Institutional Business Solutions spoke with Richard Hughes of UnitedHealth Group, Jeffrey Howell of Panasonic Industrial Devices Sales Company of America and Brian Marcotte of the National Business Group on Health about the role of AI in their businesses. Joe LeRoy: AI is having an outsized impact on companies' human resources departments. According to PwC, about 63% of companies are rethinking the role of their HR department in light of AI's impact. Just how pervasive is it? Jeffrey Howell: From a standpoint of AI, I think the best word that comes to mind would probably be “inevitability.” It is coming whether we like it or not. In 2019, according to one industry stat, an estimated $30 billion to $40 billion will be spent on AI technology in 2019 – that's up about 40% from last year. Richard Hughes: In its current state, AI would be better described as “augmented” intelligence where human engagement is still needed in order for AI to reach its potential. AI is not currently capable of the creative, imaginative thinking we associate with the human mind. Rather, we see it as a system for ingesting human engagement and driving outcomes based on observations. Brian Marcotte: When I think about AI, it's more of an umbrella term that encompasses machine learning, deep learning, natural language processing and other methods to reach smart decisions. It's behind a lot more of what we do and see. In healthcare, for example, it's everywhere. AI is being used in back-end administration, wearables and are helping to steer people to the right physicians. It will revolutionize how healthcare is delivered. But having said that, the level of change in health care is far outpacing the localized and fragmented delivery system's ability to keep up. While there are emerging remedies to integrate these fragmented services, including better data integration and more predictive analytics and actionable messaging to patients, we are in the early stages and they are far from mature solutions. Joe LeRoy: Given AI's ubiquity, can you talk about how it's affecting your recruiting and people strategies? Richard Hughes: AI is already helping our HR professionals at UnitedHealth with employee selection and advancement. We've been using AI for more than three years in our recruiting practice to help connect an applicant's profile with job openings. But we're seeing more potential in applying AI to understand our own workforce. For example, we're applying AI algorithms and leveraging the science of our leadership database to identify the characteristics and profiles that make a great leader. This will allow us to identify and groom future potential leaders earlier in their careers. We've also developed methods for assessing flight risk potential through the data points that trigger turnover, giving us time to introduce proactive solutions to help mitigate attrition. Joe LeRoy: Jeff, as head of Panasonic's industrial sales business, how is AI impacting the business side? Jeffrey Howell: The amount of data that we're getting is permeating every aspect of our business relationships. And data is what's driving the core of AI by giving us the ability to project, interpret and predict. We've been using AI with some of our business partners to obtain more cost transparency and fine-tune our pricing models. We're also using similar predictive analytics to enhance our ability to introduce new products to the market. Historically, we've introduced about 20 new products a year. Next year, we'll launch 140 new products because of AI. Joe LeRoy: And we can't talk about AI without addressing its potential to replace jobs. How are you viewing the impact of AI on the future workforce? Brian Marcotte: In the future, AI will significantly transform many job functions, particularly in the administrative space. Some people are going to lose their jobs in the short term, but over the long term, AI has the potential to create more jobs. We need to reskill and redeploy those people who will be negatively impacted by AI and focus on ways to upskill and develop future workers in the necessary skill sets. Jeffrey Howell: AI is not only automating many of the manual processes, but it's also reducing operational efficiencies. If you want to look at ways to take advantage of AI, my advice is to put someone in place to take advantage of your data, such as a chief data officer. Download conference recap eBook SHARE: