- Navigating Technological Change at Light Speed
- How new trillion dollar industries will emerge
- Future of Healthcare
Vivek Wadhwa: Navigating Technological Change at Light Speed
Unprecedented advances in technology have now made science fiction a reality. In only a handful of years, we’ve moved to the near worldwide use of handheld computing, the full mapping the human genome, and the advent of drones and driverless cars, to name just a few life-changing developments. This trajectory of technological advancement is only getting faster.
Based on his critically acclaimed new book The Driver in the Driverless Car: How Our Technology Choices Will Create the Future, Vivek Wadhwa not only explores the amazing technologies that are just now being integrated into our lives and work, but he also shares both the dilemmas and the solutions of technology advancement. Using his wonderfully vivid storytelling skills, he examines how Artificial Intelligence, Autonomous Machines, Robotics, Synthetic Biology, etc. are impacting fields of healthcare, education, transportation, energy development, investment management and more, analyzing the huge benefits as well as the economic and social consequences He shares a three-pronged assessment that gauges whether a new technology will benefit everyone equally; whether the rewards outweigh the risks; and whether it promotes autonomy or leads to dependency.
Alongside a balanced evaluation of the impacts of both recently arrived technology or developments just around the corner, Vivek examines:
How driverless cars are a perfect metaphor for our anxiety over where technology is headed
What conditions make services or sectors ripe for a giant leap into the future
Which industries stand to benefit most, and which will be upended
Why Artificial Intelligence is both the most important breakthrough and the most dangerous technology ever created by man
When, and if, society will accept robotic caregivers, housekeepers , and even warriors
Whether cyber security can begin to keep up with our ubiquitous connectivity
Disruption and Opportunity: How existing industries will be disrupted and new trillion dollar industries will emerge
Not long ago, you could see your competition coming. Management guru coined the term “disruptive innovation” to describe how competition worked: a new entrant attacked a market leader by launching low-end, low-priced products and then relentlessly improving them. Now the frameworks have themselves been disrupted…because you can no longer see the competition coming. Technologies are no longer progressing in a predictable linear fashion, but are advancing exponentially and converging. Fields such as computing, medicine, artificial intelligence, 3D printing, robotics, nanomaterials, and synthetic biology are advancing simultaneously, and combining these allows one industry to rapidly disrupt another, before market leaders even know what has hit them.
Practically every industry will be disrupted over the next few years, including finance, insurance, health care, manufacturing, transportation, education, I.T. services, and communications. Very few of today’s Fortune 500 companies will be on that list by the early 2020s. They will go the way of Blockbuster, Kodak, RIM, Compaq, and Nokia.
This is not all bad news, because disruption creates opportunities. New industries will emerge, and companies that lead the change will have the trillion dollar market capitalizations. Business executives need to understand that:
• trillion dollar opportunities happen at the intersections of exponential technologies
• disruptions are happening in every industry where technology can be applied
• entrepreneurs can now do what only governments and big corporations could do before
• if they don’t disrupt themselves, they will be disrupted by startups from other industries
Businesses must learn the new rules of the innovation game and transform their employees into intrapreneurs who think and act like the Silicon Valley entrepreneurs who are gunning for Goliath.
Vivek Wadhwa will teach the basics of exponential technologies and convergence, provide examples of the disruptions that are under way in several industries, discuss the new rules of the innovation game, and challenge his audience members to think like today’s technology entrepreneurs, and to build the new billion dollar businesses within their companies.
Future of Healthcare
When Apple announced that it was developing a watch that had the functions of a medical device, it became clear that the company was eyeing the $3 trillion healthcare industry; that the tech industry sees medicine as the next frontier for exponential growth. Apple isn’t alone. Companies such as Google, Microsoft, and Samsung and hundreds of startups also see the market potential, and have big plans. They are about to disrupt health care in the same way in which Netflix decimated the video rental industry and Uber is changing transportation.
This is happening because several technologies such as computers, sensors, robotics, and artificial intelligence are advancing at exponential rates. Their power and performance are increasing dramatically as their prices fall and their footprints shrink.
We will soon have sensors that monitor almost every aspect of our body’s functioning, inside and out. By combining these data with our electronic medical records and the activity and lifestyle information that our smartphones observe, artificial intelligence-based systems will monitor us on a 24×7 basis. They will warn us when we are about to get sick, and advise us on what medications we should take and how we should improve our lifestyle and habits. And with the added sensors and the apps that tech companies will build, our smartphone will become a medical device akin to the Star Trek tricorder.
Technologies such as Apple Research Kit are also going to change the way in which clinical trials are done. Data that our devices gather will be used to accurately analyze what medications patients have taken, in order to determine which of them truly had a positive effect; which simply created adverse reactions and new ailments; and which did both.
Combined with genomics data that are becoming available as plunging DNA-sequencing costs approach the costs of regular medical tests, a healthcare revolution is in the works. By understanding the correlations between genome, habits, and disease – as the new devices will facilitate – we will get closer and closer to an era of Precision Medicine, in which disease prevention and treatment are performed on the basis of people’s genes, environments, and lifestyles.
Vivek Wadhwa will give you a crash program in exponential technologies – such as computing, Artificial Intelligence, sensors, synthetic biology, and robotics – and describe how they will converge and help turn our sick-care system into one that can truly focus on health care.
Books by Vivek Wadhwa
- The Driver in the Driverless Car: How Our Technology Choices Will Create the Future
- Innovating Women: The Changing Face of Technology
- Your Happiness Was Hacked: Why Tech Is Winning the Battle to Control Your Brain–and How to Fight Back