New Technologies

Re: New Technologies

Postby winston » Wed Apr 27, 2016 8:27 am

I Want Me Some of This (You Should Too)

By Ben Benoy

Here’s a riddle for you…

What touches 17 different sectors and is being called the next Industrial Revolution?

OK. That’s an easy one. It’s the Internet of Things, of course!

This hot industry is expected to grow from $10 billion to $34 billion by 2020, so you might want to break out your notebook and jot down these key points.

What exactly is the Internet of Things, or “IoT” for short?

It’s a network of physical objects that are embedded with electronics, sensors, and, most importantly, network connectivity that enables those objects to collect and exchange data.

And now explained in English: the Internet of Things is all about taking the things we already use every day and making them smart enough to talk to one another. In some cases, we’re making them smart enough to make intelligent decisions for us.

You’re probably already using some of this stuff without even knowing it. Do you use any of these...?

A house thermostat connected to your smart phone (Nest Thermostat).

A doorbell camera security system connected to your smart phone (Ring).

Fitness data from your smart watch, smart phone, or fitness tracker sent in real time to your physician or health insurance provider.

Home speaker with virtual personal assist connected to the Internet (Amazon Echo with Alexa).

A built-in GPS and cellular service (OnStar) that transmits if you’ve been in a crash and automatically calls for emergency assistance. It even sends your maintenance status to the dealership to schedule that pesky oil change!
If you nodded even just once when reading that list, congratulations! You are part of the revolution.

But this is only the beginning. The best Internet of Things technology is yet to come. As Harry says, truly revolutionary technology is the kind that helps us exponentially lower costs and increase productivity… and most importantly, is cheap enough to be adopted on a massive scale. When average Joes can afford these things, and use them, things get REAL!

And we’re certainly heading towards mass adoption. Business Insider estimates that nearly $6 trillion will be spent on Internet of Things solutions over the next five years alone. Yes, that’s trillion with a “T.”

On the commercial side, everything from basic manufacturing to farm equipment will be fully loaded with sensors to take key pieces of data into vast online analytics clouds.

On the business side, office buildings will be made smart enough to manage themselves, from electricity usage to maintaining the ambient temperature and even opening and closing the blinds for maximum sunlight exposure.

On the consumer side, people will never have to touch their thermostats again, or their door knobs for that matter. They’ll be able to unlock and open the door using their cell phone. Their refrigerators will tell them when it’s time to restock… they may even place the orders with a delivery service independently.

The options are limitless.

Companies like Amazon (Nasdaq: AMZN) and Alphabet (Nasdaq: GOOG) will leverage their massive computing infrastructure to crunch the data, and provide real-time insight and intelligence back to the machines that are hard at work efficiently carrying out their tasks.

And these big companies, and others like Microsoft, are racing to get the admiral’s share of this market. They’re taking no prisoners, and in true Alphabet fashion, they’re acquiring the little companies that are making this all possible.

So expect novel start-ups to crowd the market, and be snapped up by the big boys fighting for the top spot in this race. These small-fry companies will provide everything from innovative sensors to new machine-to-machine communication infrastructure, and even algorithms to make everything run more efficiently.

For now though, I want you to pay particular attention to just one of those start-ups. It’s already making a splash in the Internet of Things home automation and robotics industry, with its family robot/personal robot butler.

NXROBO has created a personal home robot butler called BIG-i, which is fully mobile, and can perform automated home tasks like playing music, security alerts, and making video calls.

The coolest part is that BIG-i actually recognizes your face, learns your behavior, and establishes a hierarchy of relationships with people around you. It does this through natural language voice programming, face recognition, and motion tracking.

BIG-i is constantly learning and can do more and more things as it studies your patterns of behavior.

For example, BIG-i can be programmed to spot your child picking up a piece of fruit and then remind them to wash their hands first! How amazing is that!?

Another example: if BIG-i sees a family member leaving the kitchen, it can remind them to turn off the oven!

Expect even more capabilities out of BIG-i as this revolution connects more and more objects in our homes to the Cloud.

I don’t know about you, but I’d buy BIG-i… if for no other reason than to keep my kids out of my stash of Cheez-It crackers!

Source: BioTech Intel Trader
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: New Technologies

Postby winston » Fri Sep 23, 2016 9:31 am

Big Changes Ahead

In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt.

What happened to Kodak will happen in a lot of industries in the next 10 years - and most people won't see it coming. Did you think in 1998 that 3 years later you would never take pictures on film again?

Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a long time, before it became way superior and got mainstream in only a few short years.

It will now happen with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs. Welcome to the 4th Industrial Revolution. Welcome to the Exponential Age.

Software will disrupt most traditional industries in the next 5-10 years.

Uber is just a software tool, they don't own any cars, and are now the biggest taxi company in the world.

Airbnb is now the biggest hotel company in the world, although they don't own any properties.

Artificial Intelligence: Computers become exponentially better in understanding the world. This year, a computer beat the best Go player in the world, 10 years earlier than expected.

In the US, young lawyers already don't get jobs. Because of IBM Watson, you can get legal advice (so far for more or less basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans.

So if you study law, stop immediately. There will be 90% less lawyers in the future, only specialists will remain.

Watson already helps nurses diagnosing cancer, 4 times more accurate than human nurses. Facebook now has a pattern recognition software that can recognize faces better than humans. In 2030, computers will become more intelligent than humans.

Autonomous cars: In 2018 the first self driving cars will appear for the public. Around 2020, the complete industry will start to be disrupted. You don't want to own a car anymore. You will call a car with your phone, it will show up at your location and drive you to your destination. You will not need to park it, you only pay for the driven distance and can be productive while driving. Our kids will never get a driver's license and will never own a car.

It will change the cities, because we will need 90-95% less cars for that. We can transform former parking spaces into parks. 1.2 million people die each year in car accidents worldwide. We now have one accident every 60,000 mi (100,000 km), with autonomous driving that will drop to one accident in 6 million mi (10 million km). That will save a million lives each year.

Most car companies will probably become bankrupt. Traditional car companies try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels.

Many engineers from Volkswagen and Audi; are completely terrified of Tesla.

Insurance companies will have massive trouble because without accidents, the insurance will become 100x cheaper. Their car insurance business model will disappear.

Real estate will change. Because if you can work while you commute, people will move further away to live in a more beautiful neighborhood.

Electric cars will become mainstream about 2020. Cities will be less noisy because all new cars will run on electricity. Electricity will become incredibly cheap and clean: Solar production has been on an exponential curve for 30 years, but you can now see the burgeoning impact.

Last year, more solar energy was installed worldwide than fossil. Energy companies are desperately trying to limit access to the grid to prevent competition from home solar installations, but that can't last. Technology will take care of that strategy.

With cheap electricity comes cheap and abundant water. Desalination of salt water now only needs 2kWh per cubic meter (@ 0.25 cents). We don't have scarce water in most places, we only have scarce drinking water. Imagine what will be possible if anyone can have as much clean water as he wants, for nearly no cost.

Health: The Tricorder X price will be announced this year. There are companies who will build a medical device (called the "Tricorder" from Star Trek) that works with your phone, which takes your retina scan, your blood sample and you breath into it.

It then analyses 54 biomarkers that will identify nearly any disease. It will be cheap, so in a few years everyone on this planet will have access to world class medical analysis, nearly for free. Goodbye, medical establishment.

3D printing:The price of the cheapest 3D printer came down from $18,000 to $400 within 10 years. In the same time, it became 100 times faster. All major shoe companies have already started 3D printing shoes.

Some spare airplane parts are already 3D printed in remote airports. The space station now has a printer that eliminates the need for the large amount of spare parts they used to have in the past.

At the end of this year, new smart phones will have 3D scanning possibilities. You can then 3D scan your feet and print your perfect shoe at home.

In China, they already 3D printed and built a complete 6-storey office building. By 2027, 10% of everything that's being produced will be 3D printed.

Business opportunities: If you think of a niche you want to go in, ask yourself: "in the future, do you think we will have that?" and if the answer is yes, how can you make that happen sooner?

If it doesn't work with your phone, forget the idea. And any idea designed for success in the 20th century is doomed to failure in the 21st century.

Work: 70-80% of jobs will disappear in the next 20 years. There will be a lot of new jobs, but it is not clear if there will be enough new jobs in such a small time.

Agriculture: There will be a $100 agricultural robot in the future. Farmers in 3rd world countries can then become managers of their field instead of working all day on their fields.

Aeroponics will need much less water. The first Petri dish produced veal, is now available and will be cheaper than cow produced veal in 2018. Right now, 30% of all agricultural surfaces is used for cows. Imagine if we don't need that space anymore. There are several startups who will bring insect protein to the market shortly. It contains more protein than meat. It will be labeled as "alternative protein source" (because most people still reject the idea of eating insects).

There is an app called "moodies" which can already tell in which mood you’re in. By 2020 there will be apps that can tell by your facial expressions, if you are lying. Imagine a political debate where it's being displayed when they’re telling the truth and when they’re not.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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