The Latest Technological Trends & Innovations You Should Watch (Longread – 3/3)

The biggest thing that’s about to occur will be virtual reality or augmented reality in medical science where it allows doctors to make a better diagnosis and learn more about the function of human being’s organs that are deemed to be vital to doctors — especially in training of trainee doctors. With the power of virtual reality or augmented reality, it will lower cases of medical malpractice. Even VR technology can be used for online shopping and fully utilised in property purchase and tourism as a typical client or tourist could only display their intended products and tourist destination.

Learning about artificial intelligence is going to be magnificent because the ability to enhance intelligence.  With deep learning and artificial intelligence capabilities, Elon Musk seemed to be quite pessimistic as he envisioned judgment day like the 1990s famous science – fiction movie where robots were out on their mission to terminate humans (remember Terminator 2: Judgment Day). Ok, the US government, after all, isdoing R&D on artificial intelligence robots as their soldiers and high, technological defence weapons that may deploy into war in the future to come. Moreover, Google AI managed to defeat a professional Go player and Facebook previous AI technology research did bring some horror to the team by experimented their AI to code a software by automating it.

However, AI is capable of creating its own programming language to replace the programming language that the AI was originally unable to use.  The Facebook research team quickly shut down the experimented programme, prompting fears that something can happen. I think because AI is capable of self-teaching and defeated a professional Go Player that required creative thinking and critical thinking, most importantly, humans were biologically programmed genetically as a risk.  That’s what makes us unique and different from AI and other deep learning machines.

All isn’t lost with hope because PwC did research that AI is capable of creating many jobs for people to earn an income, despite many jobs becoming automated.  Many opportunities are already being laid on the table, provided we have the necessary skills to make ourselves employable once again. The real big thing will be the law of singularity which means the AI and the human brain would eventually merge and become known as the neutral link. Many futurists already foresaw it since the internet boom and being depicted by a Hollywood science-fiction movie where it was known as the human hybrid which you conversing with. A couple of years ago, despite Elon Musk’s pessimism about the AI, but, amazingly, he was interested to merge both the human brain built out of biological tissue with a supercomputer.

It is interesting to know about all these predictions by futurists, technologists, business leaders and venture capitalists. All I can say is that we are living in an exciting era that just like our great grandparents and our forefathers had witnessed the twi Industrial Revolutions in the late 18th century and the early 19th century, till the dawn of the 20th century where Henry Ford managed to master the production lines that were so perfect that he managed to increase his factory’s output and his workers’ productivity. This managed to bring these people from their farms and stuck in poverty into great urbanisation and ushered the new era of the 20th century and the 21st century as an age of the rise of Middle Class and Upper-Middle Class.

It is truly a good time to be alive to see history in the making once again and live with history. The Millennials, like me, are already the pioneer of a new way of doing things that don’t need to lock up in the old way of building a business and working place by leveraging the power of the interconnection and globalisation. This allows us to work with others through collaboration, to build new things, and bring social changes that are truly making a great impact as long as the Roman writer once said as he wrote Aeneid by Virgil “Fortune favours the bold….”

The Latest Technological Trends & Innovations You Should Watch (Longread – 2/3)

The future trend that many people need to keep up with will be data science because the world is moving towards digitization; a world where many users would give their data in return for better services. Therefore, Deloitte suggested that data needed to be free and shouldn’t be like Orwellian like the dystopian novel ‘1984’ that popularised the word ‘big brother’; scrutinizing everyone’s daily lives.  Even giving up on too much information could wipe out the concept of privacy which Deloitte called ‘data sovereignty,’ which encourages the government and technological companies to conserve their users and the government to protect the data privacy by freeing up data. The advantages of using data would make marketing agencies and enterprises become more competitive so they can know more about their customers. As the saying goes, ‘customer is king’ because the market will become more customer-centric and social.

Furthermore, the power of data would make products and services become more customer-centric where it allows the products and services to be customisable as sellers and buyers will be moving and incline towards marketplaces. Chelsea Rustrum once said ‘the future of economy will be the marketplaces as the economy is inclining and becoming more like a big marketplace.’  Therefore, as an employer, you need to empower your employees and give up your rights by giving rights them to your employee. This kind of trend was known as the “sharing economy” or “sharing capitalism” because of Airbnb and Uber, which pioneered giving and sharing. Also, the second generation of startups fully utilised the crowds for funds to kickstart a project  known as crowdfunding.  I still remember my short mentorship with the founder of Crowdsourcing Week, Epi, who showed me the future of crowd-basedbecause of the sharing economy like Airbnb and Uber and the p2p money network, Bitcoin, and its heart of technology that powered Bitcoin and other cryptocurrencies, blockchain, really revolutionised the status quo so that we can do things at a lower-cost and eliminate fixed costs.

This type of trend would disrupt traditional supple-chains where it used to be based on pickup and transporting goods. However, a data-driven supply chain would make things easier and sufficient as customers would pay for goods and services through online payment since there are many financial technologies like Venmo and PayPal (the company that pioneered online payment system), but with the blockchain, which could revolutionise the internet into the internet 2.0, it would make payment systems safer and more trusted by consumers as it would be more safe and unable to be compromised by hackers. Also, blockchain would possibly make huge disruptions to health services. A good example will be Estonia, a real futuristic e-Governance in the making and attracted many digital nomads and global citizens with their e-residency. It was a real inspiration for the Singaporean, Australian and New Zealand governments to have their own e-passports being issued by the government. At the end of the day, data and the cyberspace will be democratised and citizens would fully own their own data and the cyberspace through its decentralised framework of the blockchain.