HOW TECHNOLOGIES ARE CHANGING SOCIETY and ECONOMY

WE AND THE FUTURE

Those who don’t know history are doomed to repeat it:George Santayana

If you do not think about the future, you cannot have one:

John Galsworthy

To understand changes and create our own scenarios of the future

WE AND THE FUTURE

IDĖJA LIETUVAI

FUTURE ACCORDING TO GOOGLE

Android Pay (digital money)Boston Dynamics (robotics)

Deep Mind Technologies (AI)Calico (longevity research)

Verily (cancer immunotherapy)Loon (stratosphere internet)

Self driving carsQuantum computingTango platform (AR)

ROLE OF GOVERNMENTTheresa May announces a newly formed

DEPARTMENT FOR BUSINESS, ENERGY AND INDUSTRIAL STRATEGY

US White House: THE NATIONAL ARTIFICIAL INTELLIGENCE RESEARCH AND

DEVELOPMENT STRATEGIC PLAN Executive office of the President National Science

and Technology Council. Washington, October 12, 2016

“The idea is to get government working closely with businesses to achieve more

rapid and appropriate growth.”

Dani Rodrik, an economist at Harvard’s John F. Kennedy School of Government

HOW TECHNOLOGIES ARE CHANGING HUMAN NEEDS

SELFIES !

SELFIES !

TECHNOLOGIES FOR HUMAN NEEDS

SMART BENCH, LONDON

CREATING FUTURE: HOT IDEAS, TECHNOLOGIES AND DISRUPTIVE

INNOVATIONS

Big data analysis (medical diagnostics, law); deep learning and artificial intelligence; neuromorphing

computing; virtual reality technology; digital money; 3D printing and nanoprinting; gene editing (CRISPR) and

reprogramming cells (cancer immunotherapy); robotics and automation (robotization of writing); social media

platforms; platform and circular economy; cryptoeconomics; DNA app store; nano-architecture;

brain organoids; reusable rockets, drones etc.

3D PRINTING OF ORGANS

HOW IT‘LL AFFECT OUR WORKPerson’s future – creation of a portfolio of passive and active income generation through monetization of excess capacity and marketable

talents.„The Third Great Wave“, The Economist, October 4th, 2014

Erik Brynjolfsson and Andrew McAfee, The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies, 2014

HOW IT‘LL AFFECT BUSINESSRetailers have been shifting from brick-and-mortar stores to online outlets.

Payment cards are moving from our wallets to our smartphones.Publishers have ditched paper and are now sending content in real time.

Every brand wants it’s “LEGO moment”.Tech giants are replacing our PCs with mobile devices.

BUSINESS INSIDER, 2016

TRENDS IN SOCIETY AND TECHNOLOGY

World population and connected devices

TRENDS IN SOCIETY AND TECHNOLOGY

Exponential development

Moore‘s Law works for

nearly everything

TRENDS IN SOCIETY AND TECHNOLOGY

Emerging Internet of Things is speeding us to an era of nearly free goods and services. Communication

Internet is converging with a nascent Energy Internet and Logistics Internet to create a new technologyplatform that connects everything and everyone.

Prosumers can connect to the network and use Big Data, analytics, and algorithms to accelerate efficiency,

dramatically increase productivity, and lower the marginal cost of producing and sharing a wide range of

products and services to near zero.

Jeremy Rifkin, The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism, 2014

THREE REBALANCINGS

Machine learning complements or supplants human minds.

Platforms drive the selection, production and distribution of products and services.

On-line crowds increasingly augment or surpass the core functions of companies.

EXPONENTIAL BANKING

Using exponential technologies to exponentially expand the area of contact with customers and information about them.

mobile computing: smartphones are becoming customers’ preferred means of accessing their banks;

biometrics: permits secure identification without need for documentation or physical presence;

cloud computing: possible to offer scalable, efficient computer services to everyone;

blockchain: allows to automate banking processes that currently require intensive human involvement.

KEY COGNITIVE TECHNOLOGIES for the development of banking:conversational interfaces, automated complex reasoning (decision

making), deep learning (fraud spotting)

CHANGING HUMANS AND SOCIETY

3RD INDUSTRIAL REVOLUTION –NEW CONNECTIONS

RISE OF PROSUMERS

NOT ONLY THINGS ARE BEING CONNECTED

WE ARE BEING CHANGED BY TECHNOLOGIES: physically,

mentally and socially

VISIONS

HER: IN LOVE WITH AI

REALITY

THERAPEUTIC ROBOT PARO

COMPONENTS OF HUMAN 2.0

Cell engineering: fighting cancer and aging (gene- and immunotherapywith CRISPR)

Body update ir new organs:implants, organs from stem cells and 3D printing (biohacking)

Superbrain:Artificial intelligence, brain implants

NEUROIMPLANTS & CYBORGS

electronic telepathy

electronically enhanced

memory

computer games

manipulated mentally

NEUROIMPLANTS & CYBORGS

Mark Zuckerberg is working to make a brain interface that will let people communicate via their thoughts. Bryan Johnson created Kernel and invested $100 million to make our neural code programmable.Elon Musk founded Neuralink to correct traumatic brain injuries and increase human intelligence. 2017.04

BIONIC MAN

Les Baugh with dual robotic prosthetics, controlled by thought

https://youtu.be/-v0FkIxmnCA

LIVING IN THE INFOSPHEREDigital online world is spilling over into the analogue-offline world and merging with it: ubiquitous computing, ambient

intelligence, IoT, web-augmented things

AUGMENTED REALITY SYSTEMS

Lego AR kiosk (2010)

AUGMENTED REALITY SYSTEMS

AR for smart cities

ABOUT DISRUPTIONAGE CORE TECHNOLOGY CORE DISRUPTION

INDUSTRIAL AGE STEAM ENGINECOMBUSTION ENGINEELECTRICITY

ALL ABOUT MASS + INFRASTRUCTUREIndividual trades to produce goods in favor of factory processes

SPACE AGE JET AIRCRAFTS, ATOMIC AND SOLAR ENERGY, TELEPHONE

ALL ABOUT SPEEDSlow production processesTransport and communication systems

INFORMATION AGE COMPUTERS, INTERNET ALL ABOUT THE DATAManual record keepingPhysical distribution and products

AUGMENTED AGE A.I., SMART INFRASTRUCTURE

ALL ABOUT EXPERIENCEExperience and advice

HUMANS VS AI

IBM Watson (processes 10 mln books/sec):better medical diagnostics, better financial advice

DISRUPTION TRENDS: FINTECH

“The products we currently get from a bank (debit card, account, mortgage, car loan etc.) will disappear. Payments, value stores, credit lines will be utility featured in distributed, embedded experiencesbuilt around your money and your life”.

Brett King, founder of Moven, first mobile downloadable bank account, 2016

BUSINESS TRENDS: E-COMMERCEFacebook - key enabler of commerce

(bot store: personal finance chatbot Trim)Facebook allowed more brands and retailers to use its platform

for selling merchandise. Facebook integrated transportation services with Messenger, allowing users to reserve Uber

DISRUPTIVE TECHNOLOGY: BLOCKCHAINCommonwealth Bank's Cotton Bale Blockchain ExperimentThe Sydney Morning Herald, 2016, October 24

Digital-ledger technology encrypts and stores the parameters of the contract, ensuring all parties are working off the same synchronisedversion, which cannot be unilaterally altered or tampered with.

Problem: $US4 trillion trade-finance industry suffers from high-profile fraud cases.

Annual budget for blockchaininitiatives hits $1.3 billion in 2016Greenwich Associates

MOBILE PAYMENT EXPERIENCE

MOBILE PAYMENTS: Android Pay, Samsung Pay, Apple Pay.Companies focus on building out commerce experiences around their

payment products, which will include an increased emphasis on loyalty, store cards, and coupons. Including an instore beacons to push offers to customer's

phones

BUSINESS TRENDS

AI INVESTMENT

SMARTEST COMPANIES 2017

NVIDIA (chips for Deep learning & autonomous driving)SPACEX (rockets)AMAZON (AI powered stores)23 AND ME (diagnostics)ALPHABET (AI research)iFLYTEK (deep learning in speech recognition, natural-language processing, machine translation and data mining)KITE PHARMA (immunotherapy)TENCENT (chat platform)REGENERON (biotech)SPARK THERAPEUTICS (gene therapy)

MIT Technology Review

BIG BROTHERS

Windows 10 is constantly watching us

Joe Belfiore, Microsoft

We know where you are. We know where you‘ve been. We can

more or less know what you‘re thinking

about

Eric Schmidt, Google, 2010

BIG BROTHERSGoogle controls 2/3 of US search market

¾ of all Internet users have Facebook accountsSmartphones and tablets now account for nearly 60% of time

spent shopping online in the US

Personal data is a new economic asset class recognized by the World Economic Forum as early as 2011

NEOFEUDALISM:We are PRODUCTS these companies sell to their real customers

We no longer control our data and computing environment (cloud computing)

Data is the pollution problem of the informational age, and protecting privacy is the environmental challenge

Bruce Schneier, “Data and Goliath”, 2015

CONCLUSIONS