David Espindola - The Exponential Era

Today, the world's fastest supercomputers can perform 1 × 10 18calculations per second, otherwise known as exaFLOPS. They can handle an astonishing amount of data, with bandwidth 24 million times greater than the average home internet connection, and capable of processing 100,000 HD movies in a second.

Figure 1.3 Moore's law: transistors per microprocessor

Source : Our World in Data. “Moore's Law: Transistors per Microprocessors.” https://ourworldindata.org/grapher/transistors‐per‐microprocessor . Licensed under CC BY 4.0

Along with processing speed, as we point out above, the density of storage capacity is also increasing. In just 50 years we have experienced a 25,600 times reduction in size for the same amount of storage. It is the equivalent of taking seven football fields down to the size of a quarter.

Over the first 50 years of Moore's law, we have seen the convergences of technologies create the early stages of exponential change in multiple industries and applications. It is not just a single exponential curve that is creating disruption, but the confluence of interconnected technologies that grow at exponential rates. As digital technologies influence the advancement of other technologies, the exponential nature of Moore's law reaches broader and more impactful significance.

Consider, for example, how global connectivity and the miniaturization of computing devices have converged to revolutionize communications and enable commerce anytime, anywhere. The impact has been nothing short of astounding. We carry in our pockets computers that have a million times more memory than the computers that guided us to the moon. 26We can communicate instantaneously with more than half of the world's inhabitants who now have access to smartphones. Small farmers in Africa can now check market prices for their crops instantaneously, allowing them to better negotiate prices and offer their products to the highest bidders. Our cars can park themselves and soon will be driving on our highways without human intervention or supervision. The entire taxi industry has already been disrupted, and now leading logistics and transportation companies are transforming themselves to become digital behemoths.

What just a few years ago was only possible in the imagination of Hollywood producers is now within our grasp. Neuroscience converging with computer technology now gives us the ability to control objects with the power of our thoughts. The CEO of a Brazilian nonprofit organization has become the first person to drive a Formula 1 racing car using only the power of his mind. Rodrigo Hübner Mendes, a quadriplegic, and the Founder and CEO of the Rodrigo Mendes Institute, used Brain–Computer Interface (BCI) technology, which was developed by Tan Le, Founder of EMOTIV Inc., to pilot the vehicle by thought alone. “Last month I went to a speedway in Brazil and I had the opportunity to drive a racecar using my mind,” Mendes said. “The car, it doesn't have pedals, it doesn't have a steering wheel, it doesn't have anything – it's just him and his mind, driving it forward. It blew my mind,” Le explained. 27

Each new ecosystem created by the convergence of technologies is producing entirely new ways of delivering rewarding experiences and changing behaviors like never before in human history. The exponential era is changing our lives, our businesses, our economy, how our societies function, and our worldviews on civilization.

The future of work is being redefined by the convergence of artificial intelligence and robotics. According to a 2018 McKinsey Global Institute report, it is estimated that as many as 357 million people around the world may need to change their occupations and acquire new skills. 28The socioeconomic implications are dumbfounding.

The adoption of new technologies at exponential rates is also creating new ethical challenges and the need to develop new ethics to deal with technology's restless and unstoppable search for “progress.” We simply have not proven capable of seeing the results of our actions over time. Our current ethics are based on what can be observed. However, the totality of the consequences of our technologies is no longer observable before launch and adoption.

We hope we have impressed upon you that exponential growth is not so obvious in the beginning, but that it has a dramatic finish. The result of exponential growth sometimes has positive consequences, and sometimes not. Therefore, we must reflect upon how we deal with ethics in this era of unprecedented technological, environmental, economic, and societal changes. We will cover this subject in detail in Chapter 10.

In the next chapter, we discuss megatrends shaped by the convergence of several technology platforms that are creating trillions of dollars in economic value. We discuss how these platforms, such as Artificial Intelligence, Blockchain, Internet of Things, Biotechnology, and others are generating new ecosystems and creating unforeseen possibilities for business disruption and wide‐ranging transformations.

Текст предоставлен ООО «ЛитРес».

Прочитайте эту книгу целиком, купив полную легальную версию на ЛитРес.

Безопасно оплатить книгу можно банковской картой Visa, MasterCard, Maestro, со счета мобильного телефона, с платежного терминала, в салоне МТС или Связной, через PayPal, WebMoney, Яндекс.Деньги, QIWI Кошелек, бонусными картами или другим удобным Вам способом.