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HOMEWISDOM & TIPSTECHY & GEEKYFUNDINGNEWS & EVENTSPOLICYWELCOME TO AUSTIN
Ed Dunn
Overlooked technology expert and entrepreneur since 1995. Currently focused on urban technology solutions, urban planning and retail/financial technology.
Jan 4
Wanna Guess Who Going Down First in the Fourth Industrial Revolution?
Whenever I read about the upcoming Fourth Industrial Revolution of robots replacing workers, the narrative is fast food workers and blue collar workers on the assembly lines being made redundant by humanoid robots. While the condescending narrative of “that robot took yer job!” is being entertained by upper corporate echelons towards low-income to middle-income class workers, the reality is the upper corporate echelons are going to get it first in the Fourth Industrial Revolution.
Mechanical robots and the programming language to create robots will take years to come into fruition. One of the barriers is the cost of energy, a topic that always escape futurists when talking about robots and other forms of automation. We are still currently relying on fossil fuel and coal as our primary energy source and alternative energy simply cannot produce the energy required to automate mechanical robots at this time. We are years off from the concept of robots replacing fast food workers and other blue collar workers providing their own mitochondria free of charge to deliver labor and productivity.
But for corporate executives and white collar workers, it takes little to no effort to write a line of code to execute an automated workflow task a human corporate employee would review and push a button to accomplish. It takes little effort for copy/paste lines of code to package a task, ship instructions overseas to outsourced workers who then complete the data task and ship it back to America while Trump focus on Chevy Cruz and Apple iPads as the solution to bring jobs back to America. But these digitization/offshoring capabilities to make white collar jobs redundant has been around for more than a decade; we have new job digitization toys that are currently being implemented that will accelerate the Fourth Industrial Revolution in 2017 for executives and white collars executives to think about.
Augmented Intelligence. Many people think AI as IBM Watson as a computer that think for itself and this is nice fluff for content writing but the real world is augmented intelligence. This is where someone in Laos or Ethiopia can download a CAD diagram to construct door knobs for pennies on the dollar comparison to an American worker. Or instruct a farmer in Chile or Ghana to grow fish and greens and canned them to sell to markets worldwide.
Blockchain. The blockchain you reading about today is mostly libertarian doctrine attempting to promote decentralization and flirting with the Tragedy of the Commons. The real benefit of the blockchain is creating participatory marketplaces both horizontally (community shared datasets) and vertically (industry or supply chain shared datasets). For example, stock photo web sites like Adobe Stock, Corbis and Shutterstock are obsoleted by the blockchain and don’t know it yet — photographers and media buyers can simply use the blockchain to directly license creative media from each other and enforce licensing on the blockchain. Groupons is obsolete and don’t know it yet, a local community of merchants can simply share a blockchain dataset to offer newsletters, coupons and discounts to their customers digital addresses on the blockchain.
Augmented Currency. Despite what you read and hear, Bitcoin is not a virtual currency and neither are these other “crypto-coins” floating around like Ethereum or Lisk. Food stamps are virtual currency — these cryptocurrencies are nothing more than a boondoggle hustle to raise money and try to pass it off to the next sucker believing these crypto-coins are investment grade securities. You can look at article after article about these cryptocoins and ICOs and see talk of how much Bitcoin or Ethereum is worth in the US Dollar and realize they are speculative instrument to move in and out of the US Dollar, not a true non-fiat exchange of value to drive economic activity. The reality and the faster people learn crypto-coins work best as augmented currency — taking the US Dollar and layer smart digitalization on top of the US Dollar. Layering digital technology over fiat currency enables you to trace your currency with a tag id to accomplish amazing things like see how your currency circulate in your home and throughout your community in real-time.
. Almost a decade ago, there was a story that many in tech ignored and probably forgotten but there was an attempt to overwrite photos of New York Times Square signage with “overlaid” search contextual advertising in New York Times Square photos brought up in search results. Search for the Super Bowl and see a photo of the football arena and a superimposed blimp with a search-contextual advertising message embedded in the photo. Overlaying real-world data will not be just Pokémon characters but via AR screens to replace a billboard sign for one physical advertisement replacing with an artificial overlay of another product promoting personalized marketing information.
Computer Vision. This is technology that allow computer to see, observe and analyze in real-time or delayed time. A computer can watch a video feed outside for example and see for example, 2 hooded guys and switch from 480i to 1080p quality to zoom in on the 2 hooded characters and send a notification in real-time to others to also observe, creating pre-emptive countermeasures to crime or other suspicious activity. A home automation appliance can do more than listen to my voice — with a camera home automation devices will have the capability to perform facial recognition and detect if I have a change in facial blemishes, my mood, frontal hair loss and then the device can recommend self-help books, acne control cream and a toupee with free next day delivery option.
Bots. These are workflow agents that perform tasks based on schedule or events. Bots can monitor prices, conditions and based on the industry make recommendations. Bots can engage in conversational processing of workflows where tasks can be spoken or read content from a chat session. There have been several surveys indicating people including seniors are more comfortable talking to a bot than a human on commerce and health. Bots are becoming more mainstream thanks to Amazon promoting workflow technology such as their Dash buttons and Alexa conversational hardware.
All of the above are not science fiction or years away, they are here right now in 2017 and already making corporate jobs redundant. In the banking sector, financial advisors are being replaced by robo-advisors globally. In the medical/insurance industry, a firm in Japan recently announced human analysts are being replaced by “AI employees” that appear to be per-AI licenses from IBM Watson to read medical billing information to determine insurance payout. But there is one more development this writer who is one of the forefront AI programmers doing that might further quiet the laughter of a few corporate echelons amused at the thought of robots replacing fast food workers demanding $15/hour.
I am at the end stage of creating one of the first generation autonomous crypto-corporations — a corporation driven by governance-compliance bots and internal crypto-currency with digital signature capability to make autonomous corporate decisions. Using blockchain technology, the augmented crypto-currency will allow our investors to see how every dollar they invest move through our corporation and we will offer investor a real-time tracking of every dollar as it move through the budget, showing them the exact project or expense their dollar went. This will also work for non-profits to monitor exactly how their donation money is spent and where it went specifically. Our ledger will be based on the blockchain and investors can view the books in real-time, I have no problem with that.
I believe this technology will allow startups to use autonomous workflows to run their new venture without bringing on flaky business partners and investors at the early launch stage and focus more on receiving augmented intelligence to understand their customer, compliance and carrying out everyday business. I’m fully expecting this code to be reused and portable to launch other startups as well as pass it down to my children to continue to run their business in the future. Instead of corporate executives, there will be “corporate bots” with public/private key signing decision-making capabilities learned over time with the goal to maximizing shareholder revenue. These corporate decision bots don’t take a salary and don’t need healthcare coverage and employee insurance. Like I said earlier, code and AI workflow is a lot easier to create right now in 2017 than a mechanical robot designed to replace a fast food worker.
In 2017, I hope corporate executives and white collar workers realize the next time they want to entertain a “robot took yer job!” condescending view towards a fast food worker fighting to make $15/hour realize who actually going to be the first to fall and who going to have the last laugh as the Fourth Industrial Revolution take shape.
Artificial IntelligenceBlockchainRobotsCryptocurrencyTech
More on Artificial Intelligence from Austin Startups
“Intelligent Future” Track: March 11–16
Hugh Forrest
Also tagged Tech
How I Got My Attention Back
Craig Mod
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New Year, New LinkedIn Protocol
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HOMEWISDOM & TIPSTECHY & GEEKYFUNDINGNEWS & EVENTSPOLICYWELCOME TO AUSTIN
Ed Dunn
Overlooked technology expert and entrepreneur since 1995. Currently focused on urban technology solutions, urban planning and retail/financial technology.
Jan 4
Wanna Guess Who Going Down First in the Fourth Industrial Revolution?
Whenever I read about the upcoming Fourth Industrial Revolution of robots replacing workers, the narrative is fast food workers and blue collar workers on the assembly lines being made redundant by humanoid robots. While the condescending narrative of “that robot took yer job!” is being entertained by upper corporate echelons towards low-income to middle-income class workers, the reality is the upper corporate echelons are going to get it first in the Fourth Industrial Revolution.
Mechanical robots and the programming language to create robots will take years to come into fruition. One of the barriers is the cost of energy, a topic that always escape futurists when talking about robots and other forms of automation. We are still currently relying on fossil fuel and coal as our primary energy source and alternative energy simply cannot produce the energy required to automate mechanical robots at this time. We are years off from the concept of robots replacing fast food workers and other blue collar workers providing their own mitochondria free of charge to deliver labor and productivity.
But for corporate executives and white collar workers, it takes little to no effort to write a line of code to execute an automated workflow task a human corporate employee would review and push a button to accomplish. It takes little effort for copy/paste lines of code to package a task, ship instructions overseas to outsourced workers who then complete the data task and ship it back to America while Trump focus on Chevy Cruz and Apple iPads as the solution to bring jobs back to America. But these digitization/offshoring capabilities to make white collar jobs redundant has been around for more than a decade; we have new job digitization toys that are currently being implemented that will accelerate the Fourth Industrial Revolution in 2017 for executives and white collars executives to think about.
Augmented Intelligence. Many people think AI as IBM Watson as a computer that think for itself and this is nice fluff for content writing but the real world is augmented intelligence. This is where someone in Laos or Ethiopia can download a CAD diagram to construct door knobs for pennies on the dollar comparison to an American worker. Or instruct a farmer in Chile or Ghana to grow fish and greens and canned them to sell to markets worldwide.
Blockchain. The blockchain you reading about today is mostly libertarian doctrine attempting to promote decentralization and flirting with the Tragedy of the Commons. The real benefit of the blockchain is creating participatory marketplaces both horizontally (community shared datasets) and vertically (industry or supply chain shared datasets). For example, stock photo web sites like Adobe Stock, Corbis and Shutterstock are obsoleted by the blockchain and don’t know it yet — photographers and media buyers can simply use the blockchain to directly license creative media from each other and enforce licensing on the blockchain. Groupons is obsolete and don’t know it yet, a local community of merchants can simply share a blockchain dataset to offer newsletters, coupons and discounts to their customers digital addresses on the blockchain.
Augmented Currency. Despite what you read and hear, Bitcoin is not a virtual currency and neither are these other “crypto-coins” floating around like Ethereum or Lisk. Food stamps are virtual currency — these cryptocurrencies are nothing more than a boondoggle hustle to raise money and try to pass it off to the next sucker believing these crypto-coins are investment grade securities. You can look at article after article about these cryptocoins and ICOs and see talk of how much Bitcoin or Ethereum is worth in the US Dollar and realize they are speculative instrument to move in and out of the US Dollar, not a true non-fiat exchange of value to drive economic activity. The reality and the faster people learn crypto-coins work best as augmented currency — taking the US Dollar and layer smart digitalization on top of the US Dollar. Layering digital technology over fiat currency enables you to trace your currency with a tag id to accomplish amazing things like see how your currency circulate in your home and throughout your community in real-time.
. Almost a decade ago, there was a story that many in tech ignored and probably forgotten but there was an attempt to overwrite photos of New York Times Square signage with “overlaid” search contextual advertising in New York Times Square photos brought up in search results. Search for the Super Bowl and see a photo of the football arena and a superimposed blimp with a search-contextual advertising message embedded in the photo. Overlaying real-world data will not be just Pokémon characters but via AR screens to replace a billboard sign for one physical advertisement replacing with an artificial overlay of another product promoting personalized marketing information.
Computer Vision. This is technology that allow computer to see, observe and analyze in real-time or delayed time. A computer can watch a video feed outside for example and see for example, 2 hooded guys and switch from 480i to 1080p quality to zoom in on the 2 hooded characters and send a notification in real-time to others to also observe, creating pre-emptive countermeasures to crime or other suspicious activity. A home automation appliance can do more than listen to my voice — with a camera home automation devices will have the capability to perform facial recognition and detect if I have a change in facial blemishes, my mood, frontal hair loss and then the device can recommend self-help books, acne control cream and a toupee with free next day delivery option.
Bots. These are workflow agents that perform tasks based on schedule or events. Bots can monitor prices, conditions and based on the industry make recommendations. Bots can engage in conversational processing of workflows where tasks can be spoken or read content from a chat session. There have been several surveys indicating people including seniors are more comfortable talking to a bot than a human on commerce and health. Bots are becoming more mainstream thanks to Amazon promoting workflow technology such as their Dash buttons and Alexa conversational hardware.
All of the above are not science fiction or years away, they are here right now in 2017 and already making corporate jobs redundant. In the banking sector, financial advisors are being replaced by robo-advisors globally. In the medical/insurance industry, a firm in Japan recently announced human analysts are being replaced by “AI employees” that appear to be per-AI licenses from IBM Watson to read medical billing information to determine insurance payout. But there is one more development this writer who is one of the forefront AI programmers doing that might further quiet the laughter of a few corporate echelons amused at the thought of robots replacing fast food workers demanding $15/hour.
I am at the end stage of creating one of the first generation autonomous crypto-corporations — a corporation driven by governance-compliance bots and internal crypto-currency with digital signature capability to make autonomous corporate decisions. Using blockchain technology, the augmented crypto-currency will allow our investors to see how every dollar they invest move through our corporation and we will offer investor a real-time tracking of every dollar as it move through the budget, showing them the exact project or expense their dollar went. This will also work for non-profits to monitor exactly how their donation money is spent and where it went specifically. Our ledger will be based on the blockchain and investors can view the books in real-time, I have no problem with that.
I believe this technology will allow startups to use autonomous workflows to run their new venture without bringing on flaky business partners and investors at the early launch stage and focus more on receiving augmented intelligence to understand their customer, compliance and carrying out everyday business. I’m fully expecting this code to be reused and portable to launch other startups as well as pass it down to my children to continue to run their business in the future. Instead of corporate executives, there will be “corporate bots” with public/private key signing decision-making capabilities learned over time with the goal to maximizing shareholder revenue. These corporate decision bots don’t take a salary and don’t need healthcare coverage and employee insurance. Like I said earlier, code and AI workflow is a lot easier to create right now in 2017 than a mechanical robot designed to replace a fast food worker.
In 2017, I hope corporate executives and white collar workers realize the next time they want to entertain a “robot took yer job!” condescending view towards a fast food worker fighting to make $15/hour realize who actually going to be the first to fall and who going to have the last laugh as the Fourth Industrial Revolution take shape.
Artificial IntelligenceBlockchainRobotsCryptocurrencyTech
-
Ed Dunn
Overlooked technology expert and entrepreneur since 1995. Currently focused on urban technology solutions, urban planning and retail/financial technology.
-
Austin Startups
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More on Artificial Intelligence from Austin Startups
“Intelligent Future” Track: March 11–16
Hugh Forrest
Also tagged Tech
How I Got My Attention Back
Craig Mod
More from Austin Startups
New Year, New LinkedIn Protocol
Alexis Davis
The story isn’t over until you say it is.
Get the app to recommend, highlight, or respond with your own opinion.
Get the app
