Worldwide, The Rate of Technological Adoption is Accelerating. That’s Very Mixed News.
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James Manyika, director at the McKinsey Global Institute, explains that technology isn't just for rich countries anymore. Smartphones, Internet connections, and other forms of exponential technology have become pervasive at an absolutely unprecedented rate. While mostly a positive change, with this transition comes the possibility of unforeseen economic consequences, in particular with regard to how difficult it will be for local companies to compete with international juggernauts. Dr. Manyika's latest book is No Ordinary Disruption: The Four Global Forces Breaking All the Trends (http://goo.gl/N15UiO). Read more at BigThink.com: http://bigthink.com/videos/accelerating-technology Follow Big Think here: YouTube: http://goo.gl/CPTsV5 Facebook: https://www.facebook.com/BigThinkdotcom Twitter: https://twitter.com/bigthink Technology is no longer something that’s just restricted to large companies or large countries or even rich countries. So everywhere on the planet now has access, you know, at least it has the potential to have access to technology. People in developing economies often own smart phones and technologies at equivalent rates to people in the developed world. In fact quite often they’ll have that before they even have sanitation in some cases. So the pervasive nature of technology is one of the most important features of it. The other important feature is just the rate and pace at which adoption is actually occurring. Just to put some comparative numbers on this if you think about television it took something like 38 years before television penetration got to the first 50 million people. It took Twitter nine months. So just the rate in acceleration in which adoption occurs is pretty phenomenal. And then the other feature that becomes very interesting about technology is not just its pace and scale and the rate of innovation but the economic aspects of technology. So when you have things that digital form that actually has a profound impact on how it affects the economics of things. So digital technologies have this feature that economists think of it as the non-rivalry and that excludability of it. And what that means is that my use of something that’s a digital form doesn’t necessarily as a physical technological matter preclude your use of it. The good news about that is that from a user standpoint this is all good because that’s what economists talk about is consumer surplus. So the fact that it doesn’t cost us that much more to get access to information whether it’s educational material, entertainment material, that’s all good for us as consumers. I think it puts new challenges for companies because now you have to think about how do you generate revenues and monetize this. We’ve seen how technology has caused, you know, with these marginal cost economics disruptions in many, many, many, many industries whether it’s the needier worlds, the entertainment world. So it has these disruptive effects. But for users it’s generally good in the sense that it’s all useful information that you get. The investments in technology infrastructure and technology assets is now pervasive across every sector of this. We’re talking healthcare or we’re talking the public sector or we’re talking about education or we’re talking about industrial. In fact one of the more exciting things about in the industrial arena is what everybody now refers to as the Internet of things. That for the first time we’re now going to be connecting machines, sensors, physical things of any sort that we like. That’s going to have a huge and profound impact. So think about all the machine to machine communications, interactions. Think about the possibility for how we manage our use of energy, how we manage our homes, how we manage these setting whether it’s the workspace, the home, the car when machines and things get connected. What I find interesting about that in particular is what that does to questions about industry’s truck trend competition. I think we always used to imagine that, you know, companies would compete within their sectors. So this idea is, you know, sectors, made sense at some point. But when you have technology and technology based assets I think it becomes possible to enter many, many sectors on the base of the technology platforms. Think about the fact that now we’re talking about Amazon as a computing company through their Cloud services. Think about the fact that you now have Alibaba applying for banking licenses.
Comments
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19% chance humans are extinct by 2100
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You compare RATE, but then go on to use total number..... WELL RATES CHANGE DEPENDING ON POPULATION. so back in the day of tv's the total number of people was a lot less, and 50 million was a much larger percentage than 50 million today.
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stop repeating yourself. Technology is awesome. GOT IT. one sentence.
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A tecnologia é hoje tão penetrante que influencia qualquer ser humano, independente de sua localização geográfica ou classe social.
Mas ainda vai melhorar... -
He didn't really say anything profound here. Every trend and challenge that was mentioned has been happening for a good 10-15 years now.
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I am the captain now.
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"john malkovich" is a troll that deletes comments that refute him or make him look wrong. dont respond to his garbage.
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comparing tv to twitter is not an accurate analogy
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Everything runs with electricity. Power management is the key. When we develop a new power source and figure out how to get water to places that need it then we as a human race will have gone to the next level. We still burn coal and wood to keep warm. WTF?
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Comparing twitter to the tv... hmmm... not so sure about that for soo many reasons!
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Yes! Technology levels the playing field and creates new fields of opportunity. Anything is possible with creativity powered by technology.
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Of course Western ALL-LIES need to sell their defected products to 3rd World countries to Capitalize the lo$t$ spend on failed products. Not only defected technology spreading the world to needed hands, other defected products such as food, medicine, fabrics, clothing that can give cancer as a Humantarian-Neo-liberal need.
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Capitalism has run its course, now is the perfect time to transition to the
resource-based economy and leave capitalism behind.
The idiotic economic system we have today, which relies on infinite growth and infinite consumption will crash in the next 10 years.
If we intend to overcome that crisis, these 8 things will need to happen:
1. All the repetitive, dangerous and not intellectually engaging jobs should be left to advanced robots, while human beings should be involved in science, arts and education.
2. Money should be eliminated and we should transition to the resource-based economy.
3. There should be no countries, no nations, no borders and no organized religion.
4. All voting should be done online, and people should be required to undergo an extensive test of competence before being allowed to vote in the first place.
5. People should be required to undergo an extensive test of mental, physical and financial abilities and made to obtain a parenting license before being allowed to have children.
6. The human population of Earth should be kept between 500 million and 1 billion people.
7. Everything should be done to expand the human lifespan as much as possible.
8. We should colonize at least one other planet in the next 20 years and do everything in our power to explore the universe that we inhabit.
If you're somewhat dubious about how realistic this is, look up Ray Kurzweil and
The Law of Accelerating Returns...
the world in 2030, 2040 and 2050 is going to be a VASTLY different place. -
The only bad thing about automation is there are no jobs to replace them. You automate a job 40 guys used to do and create 2 jobs for technicians. Makes no sense.
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What will happen once we reach technological singularity? There will be mass poverty if capitalism doesn't change. Jobs will continue to decrease. What if AI learns to lie and manipulate?
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