Posted April 8, 2016
Hello fellow ERA Chicagoland/Wisconsin Chapter members. I recently heard a very interesting radio show about new technologies here in the 21st century and how these technologies will affect our lives and our business. I thought you might enjoy a paraphrased summary of the radio program.
Martin Linke, Dytec-NCI, Inc., ERA Chicagoland/Wisconsin Chapter – VP of Education
Source; Rick Edleman – Edleman Radio show, 2-27-16~~
Contributor: Marty Linke, Dytec-NCI, Inc., 847-980-8077
“The future ain’t what is used to be.” Yogi Berra *
Rapidly changing influential technologies in a wide variety of areas including big data, 3d printing, nanotechnology, robotics, medicine & Nero-science, Bioinformatics**, energy & the environment, machine learning, material science, artificial intelligence, educational advancement technologies will greatly alter our future.
• A simple example, have you taken a cab ride using Uber? Using cellular smart phone devices puts you in direct contact with the vehicle driver. No dispatch in required. Old fashion taxi cab companies are finding themselves on the short end of technology. For example, the largest taxi company in San Francisco has filed for bankruptcy. The price of a taxicab ‘medallion’ [the license required to be a taxi driver] has been reduced by 35%. The consumer is deciding not to use the traditional cab services in favor of Uber. Why, the cost of taking an old dirty cab in a typical big city ½ hour drive might be $45.00, whereas the same trip with a Uber GPS enabled clean late model car might cost ~$12, tip included. The traditional taxicab driver career is disappearing because of technology. Retraining for these traditional drivers is the mantra of the day, focusing on technology.
• Research is going on right now in Switzerland where (took out “has”) scientists are doing trials injecting Nano-robotic molecules into mice that will drill into the affected tissue, deliver drugs, and break up the hardened tissue. The goal, treating and perhaps eliminating the number one killer of Americans, heart disease. Human trials are expected in 2019.
• In the meantime, researchers at the Mayo clinic have discovered a way to remove aging cells in mice thus extending the life of the rodent by 35%. A drug could be developed creating better functioning organs like the heart, liver and kidneys. This could extend the human life to 100 years of age easily.
• Disney researchers have created a 4 wheel robot that can climb walls. The robot uses propellers that create enough thrust to allow the robot to climb walls. A fantastic Disney ride might be in the offing but imagine the commercial and industrial uses for such a robot.
• The Italian Institute of Technology has developed a robot that can be used for disaster relief and can navigate unpredictable environments. If it falls over, it corrects itself to an upright position. This device may replace search and rescue teams in disasters thus eliminating the need for dogs or humans to go into dangerous situations where they themselves could be hurt.
• Kodak, a 20th century firm in business for 135 years with over 100,000 employees, went broke because nobody is taking film pictures. That same year Instagram, a 2 year old company with 13 employees, gets bought for a $1B using technology that Kodak invented. This is the difference between a 20th century and a 21st Century Company.
• Google has invented a way to provide internet service to the island country of Sri lanka.*** By floating a balloon [project Illume] into Sri lanka airspace at a height of 60,000 feet for months at a time, Google will beam down internet service. Bringing modern technology to this island puts the country in a position to encourage business and grow their economy with technology. This technique could be used anywhere on the planet where surface internet technology may not be practical. Google plans to implement hundreds of the internet service balloons across the planet to provide free internet access to people who would not otherwise have it. Their goal is to increase their market.
Google is not alone. Facebook has a program that will launch solar powered aircraft with wingspans twice the size of a Boeing 787 that will be able to stay aloft for months beaming free internet down to the planet. Space One, another technology company, is launching hundreds of micro satellites around the globe beaming internet service to people around the world. Right now there are 7 billion people on the earth. 4 billion have no internet service. Imagine bringing internet service to an additional 4 billion people. What could they do with the internet and what could they learn? The gathering of knowledge and education could be limitless. One possibility might be to bring an entire population up into a higher status of living and create a new level of consumer and growing the world economy. Long term technology is the way.
• MIT media lab researchers a few years ago created a camera that can see around corners. The product rolled out with a price tag of $1/2m. With technology development you will soon see this camera on the market for ~$100.00.
• HRL Laboratories^ has a process to 3D print flawless ceramics. These components can be used in severe environments like car brakes, jet engines and other high pressure high temperature applications.
• Scientists have developed “phony” cement that will revolutionize how we set and treat broken bones or treat osteoporosis. Instead of a bulky cast, a bone filling glue is injected directly into the affected area where it quickly sets and supports the surrounding area.
• A Ukrainian startup company has created a device that can charge your cell phone, tablet, PC or other device 16 feet away. The antenna is small enough to fit inside your smart phone.
• Vinli^^ is a company that can turn any car into a Wi-Fi hot spot. With a smart phone connection, speeds are generally better that home internet connections. You may have seen recent car ads touting this new technology.
• The American Wind Energy Association says there are now 50,000 wind turbines in 40 states providing power for 19 million homes. This is 5% of the total power consumption in the USA creating 73,000 jobs. That is five times more jobs than just 9 years ago.
• Northwestern University researchers have created concrete that uses material commonly found on Mars. Sulfur when heated to 240deg.C liquefies. When mixed with material like Martian soil, it cools and hardens like concrete. We will use this process to build cities on waterless planets.
• Penn State researchers have designed a way to detect contaminates diseases and explosives from a single molecule. A process to perhaps thwart terrorism.
• A French retailer has devised a way to re-brand imperfect produce and sell it to consumers at a reduced price thus creating a new market. A huge reduction in food waste.
• Drones are now being used on farms to evaluate water needs and pest control greatly improving crop yields.
• At the international space station, astronauts ate food they grew in space making long space travel possible.
• In Japan during an in store promotion when consumers touched a piece of produce they got a pre-recorded message from the grower. Sales of produce were up 250%.
• In Ethiopia where it might not rain for 6 months at a time, they developed a greenhouse process for harvesting dew. They gather and store water from the morning mist, a precious commodity there.
• In Australia a new grade school curriculum means children will be thought computer coding and programming in place of history and geography. A questionable direction but the focus there is on the future of exponential technology.
• Audi has built a self-driving race car that beats race car drivers. The self-driving car beat all track speed records. This brings a question, do or will we really need race car drivers anymore?
• A robot named LDRIC made by Golf Labs designed to test golf clubs sunk a hole in one at the 163 yard 16th hole a PTC Scottsdale. It can mimic any golfers swing. It was programmed with the swing from several top golfers and the robot made a hole in one. 5 swings later LDRIC did it again. It makes you wonder who we will be rooting for at sporting events in the future, human athletes or robots.
• In the financial world, there are many technological innovations such as the new digital currency called ‘Bitcoin.’ ^^^ The underlining technology behind the Bitcoin is ‘Blockchain.’ ^^^^ Currency as we know it will be affected by this new technology and change the way we handle our purchases and money. Also, many industries may/will be affected. For example, many world banks are investing in blockchain technology because of encryption for safety and decentralizing of transaction confirmations. Benefits would include instantaneous low fee transactions, reduction of hacking because the entire human element is removed from the transaction with settlements taking place at the moment the transaction is made.
This technology could reshape the way we make payments for mortgages, utilities and real estate transactions just to mention a few.
• In academia, schools will be able to authenticate transcripts thus student will not be able to claim credit for courses they did earn and diplomas they did not achieve. Also included will be voting. Students at West Virginia University are looking at using the blockchain as a platform for school elections. Voting will be done on handheld devices and the votes can never be deleted or changed. It is possible for the next USA presidential election you will not go to a voting booth. For car sales and leasing, Visa and DocuSign formed a partnership and are looking at using the blockchain for streamlining the financials surrounding transactions. It may become a “click, sign and drive” procedure that includes insurance all in a sign transaction. For the internet of things, Samsung and IBM formed a partnership and have developed a program using a blockchain decentralized network which will allow devices to be able to communicate autonomously. Your refrigerator will tell your supermarket to deliver milk. Smart contracts may also be affected. A computer that performs functions based on the actions of another object. Items like executing automatic mortgages ass the years go on. Even marriage contracts will be uploaded using the blockchain. Regarding forecasting, research, industry analyses, consulting and forecasting industries could be affected. Online crowd funding programs will offer services that look like betting exchanges. You will be able to bet not only on sports and stocks, but where the next earthquake will occur, other natural disasters and even elections. The idea is to create a predictions market. For online music, artists will have users pay them directly for the download and use of their music without using a middle man. This will be a system where music will be cheaper for the consumer and the artist will make more money. Regarding ride sharing, a new Israeli service called LaZooz++ wants to be the anit-Uber. They will connect people going to the same places and just exchange money for the rides. “Need to get to Indianapolis for the day, here is a system designed to get you there.” Stock trading. The blockchain process will make the selling and buying of stocks easier. Broker free trades equals even lower transactions costs.
• Finally, researchers at Boston University School of Law released the results of a study of government data showing the impact of computer automation from 1980 to 2013 and how it affected 317 different occupations. One conclusion found was that employment grows significantly faster in occupations that used computers more. Yes, automation does loose some jobs typically lower lever dangerous, repetitive, labor intensive and otherwise less desirable jobs but overall it creates far more new jobs then it eliminates. We do not need to fear the technology but might want to re-think the concept of womb to tomb employment. Getting a job right out of school and staying at one employer until retirement at the age of 62 and then dying at age 65 no longer exist as a rule. One job, one career does not happen anymore. According to the U.S. Department of Labor, today’s 35 year olds have already had 8 jobs in just 15 years. That equals a new job every 2 years. This may mean that the notion of getting a college degree to get the knowledge to be productive for the next 40 years to earn a good living may no longer be necessary. The college degree may be replaced by a new phrase, ‘lifelong learning.’ George Washington University now has 1000 full time student over the age of 50. People are recognizing the need and desire for advancing their education and lifelong learning. Another observation, especially for people in their 30s now, the idea of retiring at age 65 may no longer exist because people are living longer. Current life expectancy for those in their 30s may easily exceed the age of 90 or beyond.
I hope you find this information regarding Exponential Technology interesting and that you will consider how these amazing advancing technologies may affect your life, your family and your business as the 21st century continues to move forward and an ever increasing pace.
ERA Chicagoland/Wisconsin Chapter – VP of Education
*Lawrence Peter “Yogi” Berra was an American professional baseball catcher, manager, and coach who played 19 seasons in Major League Baseball, all but the last for the New York Yankees. Wikipedia
** Bioinformatics is the application of computer technology to the management of biological information. Computers are used to gather, store, analyze and integrate biological and genetic information which can then be applied to gene-based drug discovery and development.
*** Sri Lanka (formerly Ceylon), a tiny island nation south of India in the Indian Ocean, is a rugged land of rainforest, diverse wildlife and endless beaches. It’s famed for its ancient Buddhist ruins, including the 5th-century citadel Sigiriya, with its palace and frescoes, and the sacred city of Anuradhapura. Its flavorful cuisine reflects its history as a maritime hub and cultural melting pot.
^HRL Laboratories, LLC, Malibu, California (www.hrl.com) is a corporate research-and-development laboratory owned by The Boeing Company and General Motors specializing in research into sensors and materials, information and systems sciences, applied electromagnetics, and microelectronics. HRL provides custom research and development and performs additional R&D contract services for its LLC member companies, the U.S. government, and other commercial companies.
Bitcoin[note 5][note 6] is a digital asset and a payment system invented by Satoshi Nakamoto,[note 7] who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer; users can transact directly without an intermediary.:4 Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed.[note 8] Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.
A block chain or blockchain is a distributed database, introduced in Bitcoin, that maintains a continuously-growing list of data records that each refer to previous items on this list and is thus hardened against tampering and revision.[disputed – discuss].The initial and most widely known application of block chain technology is the public ledger of transactions for Bitcoin, which has been the inspiration for other cryptocurrencies and distributed database designs.