Technology today is changing faster than ever. How are we going to cope with it? This blog will be updated regularly and will include my thoughts around the future of technology in the present context. The world is fast getting disrupted by technologies like AI, AR/VR, IoT etc. and this blog is about how these technologies are going to impact our daily lives and how do we prepare ourselves for this disruption?
A famous quote by Albert Einstein: “We cannot solve our problems with the same level of thinking that created them”. I am trying to apply this thought of Einstein in the current context. How do we solve problems which have been created by technology itself? We need a new level of thinking to solve these problems and this could be a higher level of technology. For example, let’s take the problem of unemployment due to automation. If more jobs are going to get automated, how do we solve the problem of unemployment? I think the answer lies in creating more automation! Yes, you read it right! More automation can help us create more jobs and there is no better way to achieve this than using AI (Artificial Intelligence). More AI means more automation, which again means more jobs! As an example, let’s look at what Amazon has achieved so far: It uses
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If there is one thing I have learned about technology, it is that it evolves in a disruptive manner. Just when you think you’re safe and secure, you can be blindsided by a new technology that renders your favorite gadget obsolete. Take the evolution of the camera for example: Polaroid to digital to the iPhone. This evolution has been nothing short of amazing! Technology has become so good that it’s almost scary good.
Let’s take a look at the evolution of a series of technologies that are hot right now: AI, AR/VR, gaming, and self-driving cars. You may think these are random choices but they are not. Let’s delve into each one to see what makes them so awesome and what challenges we face as an industry and as consumers.
Let’s start with AI (Artificial Intelligence). It seems like AI has been a dream for decades, but only recently has it become possible and practical due to recent advances in computing power and algorithms. AI is all about applying algorithms to find patterns and insights from data much faster than any human ever could. Today we use AI every day in our phones through facial recognition, emojis suggestions, etc.
In the early days of the personal computer, I was working for a company that made software for the Apple II. And we had a saying about what would happen if Apple were to create a new version of the Apple II: “Apple will kill its children.”
And that was exactly what Apple did. The company dropped development on the Apple II and focused all its attention on the Macintosh. And this is what smart companies do: they concentrate their resources on one thing, because they know they can’t be great at two things.
And so in 1985 everyone assumed that Microsoft would drop DOS as soon as Windows took off. We were wrong. Microsoft didn’t want to kill its children; it wanted to keep milking them. So instead of throwing its weight behind Windows, Microsoft kept working on DOS and added more features in each release. Eventually the product line got so convoluted that even Microsoft couldn’t keep track of it, and it was only when IBM’s OS/2 threatened to make DOS obsolete that Microsoft finally killed it off.
Microsoft has always been extremely good at milking existing products; it has never been as good at creating new ones. And so when a new technology emerges, Microsoft spends years trying to decide whether to take it seriously; then when it decides yes
What is disruptive technology? A disruptive technology is one that displaces an established technology and shakes up the industry or a ground-breaking product that creates a completely new industry. It’s usually inexpensive, simple to use, and accessible to a huge number of people.
A disruptive innovation is one that breaks into an existing market and eventually overturns it, in contrast with a sustaining innovation—an improvement to an existing product or service. Disruption is described by Harvard Business School professor Clayton M. Christensen as “a process whereby a smaller company with fewer resources is able to successfully challenge established incumbents” using technological advancements.
Innovation is a general term denoting the application of better solutions that meet new requirements, inarticulate needs or existing market needs. This is accomplished through more effective products, processes, services and business models that are readily available to markets, governments, and society. The term innovation can be defined as something original and more effective and as a consequence new, that “breaks into” the market or society.
The term innovation can be defined as something original and more effective and as a consequence new, that “breaks into” the market or society. Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. Such innovation takes place through the provision of more-effective products, processes, services, technologies, or business models that are made available to markets, governments and society. An innovation is something original and more effective and, as a consequence, new. It is able to spread (diffuse) among people.
How often do we hear that something is a disruptive technology? The term is used so often that it has lost all meaning. The word “disruptive” was coined by Clayton Christensen, the Professor of Business Administration at Harvard Business School. In his book, The Innovator’s Dilemma (1997), Christensen describes disruptive technologies as those which bring “a very different value proposition than had been available previously”.