innovation reborn -...
TRANSCRIPT
Digital Singularity:
Innovation Reborn
Avasant
Kevin S. ParikhGlobal CEO & Senior Partner
Kevin S. Parikh
SIG Summit Spring 2018
Digital Singularity Innovation Reborn
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Two World Views
in Conflict
Digital Singularity will free humankind to achieve greatness and reach our true potential
Digital Singularity will unleash artificial intelligence that will grow at an exponential rate, and ultimately surpass humanity
Digital Singularity
The point where
technological
omnipresence
and human
experience
converge.
Sto
ne
Ag
e
Success determined by resource control.
Plow and early tools begin to disrupt labor, but free humankind to develop and advance.
Technology is still external to us . . . It is a “thing.”
Ind
ust
ria
l Ag
e
Automation speeds human advancement and mass consumption.
Introduction of automation further drives the Master/Slave relationship with technology.
Info
rma
tio
n A
ge
Technology becomes a physical extension of humanity.
Shift from traditional industries to economy based on information and data.
Dig
ita
l Ag
e
Rapid adoption of disruptive technologies begin.
Opportunity for people to reinvent themselves in the face of despair and uncertainty.
Dig
ita
l Sin
gu
larity
Technology is ubiquitous. It is everywhere.
Gift of more free time and innovation is born again. With additional time people can innovate and create new realities.
Humanities Relationship with Technology through the AgesDigital Singularity: The New Human Renaissance
Master/Slave Symbiosis Singularity
The New Human Renaissance
Journey to Digital Singularity: Technology Prerequisites
Hig
h
Low
Technological Omnipresence
Java Development
Testing
Low
Hu
ma
n E
xp
erie
nc
e
Global Networks
Conveyer belt
Artificial Intelligence
IoT
Cloud
Sensors
PCs and Tablets
Machine Automation
High
Hig
h
Radio, telegraph and television
World Wide Web
Mobile Phones
Robotic Process Automation
Blockchain
Centralized Electric Power and Utilities
Fossil Fuel and Steam Engines
The Four Indicators of Digital Singularity
Hyper-Convergence
Digital Moments
Digital Twins
Augmented Reality
How will we live and work in this Digital Singularity?
Barrier-free Access
Democratized Egalitarianism
The Sharing Economy
Digital
Singularity
Transboundary Community
Bringing multiple technologies
to create something new
A transaction within a
transaction
Multi-sensory, real-time data
that enhances experiences
A real-time virtual model
of your physical self
Digital Singularity Achieved
Avasant RadarViewTM
Technology Prerequisites
Four Pillars of Digital Singularity
Rules of the New Economy
Barrier-free Access
Democratized Egalitarianism
The Sharing Economy
Digital
Singularity
Transboundary Community
Bringing multiple technologies
to create something new
A transaction within a
transaction
A real-time virtual model
of your physical self
Internet of Things
Cyber Security
How will we live and work in this Digital Singularity?
Multi-sensory, real-time data
that enhances experiences
Digital Singularity Achieved
The concept of bringing two or more independent technologies to create something with a whole new purpose and function.
Hyper-Convergence
Image Credit: https://www.behance.net/gallery/48161423/XXL-FYOUTURESource:Millenial expectations as per AutoTrader 2016 Cartech Impact Study
Summon transportMillennials love their
Smartphones – ‘Smartphone
Never Leaves My Side’
Millennials expect vehicle
technology to do everything a
smartphone can 46%
87%
Barrier-free Access
Democratized Egalitarianism
The Sharing Economy
Digital
Singularity
Transboundary Community
Bringing multiple technologies
to create something new
A transaction within a
transaction
A real-time virtual model
of your physical self
Internet of Things
Cyber Security
How will we live and work in this Digital Singularity?
Multi-sensory, real-time data
that enhances experiences
Digital Singularity Achieved
A transaction within a transaction. Digital Moments can happen anywhere, in the background, and simultaneously with other activities.
Retail sales are influenced by Digital interactions
Growth in number of marketing technology companies between 2015 and 2016
86%
87%
Digital Moments$21.99
$74.99
$64.99
Live Pause
360O
Visit Store
Interactive ‘Live Pause’ with 360 degree
view and customized offers on screen
Convergence of content, services, and
product over interface (TV)
Barrier-free Access
Democratized Egalitarianism
The Sharing Economy
Digital
Singularity
Transboundary Community
Bringing multiple technologies
to create something new
A transaction within a
transaction
A real-time virtual model
of your physical self
Internet of Things
Cyber Security
How will we live and work in this Digital Singularity?
Multi-sensory, real-time data
that enhances experiences
Digital Singularity Achieved
Digital TwinsA real-time virtual model of your physical self that is transacting and acting on your behalf through automation without rest.
Growth in personal data points
per person100x
2.5Quintillion bytes of data
generated everyday
US Individuals whose location is
known via mobile phones95%
Purchasing
Transactions
Work and School
Life
Relationship
Management
Social Communities
Financial
Management
Security
Management
Digital Twins
Barrier-free Access
Democratized Egalitarianism
The Sharing Economy
Digital
Singularity
Transboundary Community
Bringing multiple technologies
to create something new
A transaction within a
transaction
A real-time virtual model
of your physical self
Internet of Things
Cyber Security
How will we live and work in this Digital Singularity?
Multi-sensory, real-time data
that enhances experiences
Digital Singularity Achieved
Augmented RealityMulti-sensory and real-time data that is designed to enhance analog experiences.
Education: K-12 using AR in learning programs
90%
People willing to pay more for a product they can experience in AR
40%
Digital Singularity and ValueMaslow proposed that as basic needs are met, a person may focus on higher order endeavors. Technology offers the levers to push human endeavor upwards.
Chart is representative only, based on Avasant estimates(Sources: IMF, World Bank and UN World Happiness Index Statistics)
Maslow’s
Hierarchy
Esteem
Belonging
Safety
Physiological
Self
Actualization
1997 2007 2017 2027
40%31%
22%
10%
36%
25%
22%
16%
11%
18%
21%
24%
8%
15%
20%
30%
5%11% 15%
20%
Digital
Singularity
Barrier-free Access
Transboundary Community
The Sharing Economy
Democratized Egalitarianism
Bringing multiple technologies
to create something newA transaction within a
transaction
A real-time virtual model
of your physical self
Internet of Things
Cyber Security
How will we live and work in this Digital Singularity?
Multi-sensory, real-time data
that enhances experiences
Digital Singularity Achieved
Digital
Singularity
Barrier-free
Access
Transboundary Community
The Sharing Economy
Democratized Egalitarianism
Blo
ckc
ha
in
3D
Prin
ting
Transboundary Communities
Augmented human interactions, occurring in real time, utilizing, sensors, wearables, and holographic projections designed to converge digital with real world experiences.
Number of people globally
engaged in the “gig
economy” by 2020
% of workforce in
Freelance mode by 202050%
2.2B
Digital EnterpriseThe Digital Enterprise is driven by specific needs and demands. It can adapt to the personalized requirements of its partners, stakeholders, employees, and customers.
Traditional
Value
Chain
Digital Enterprise
Value
Chain
Enterprise Digital Transformation
Initiatives involve executives other
than the CIO
Executives undergoing formal digital
transformation efforts in 2017
Business Processes automated by
transformation-focused
organizations in 2016
88%
78%
59%
How will life change in 2027?The Social Imperative: We will work differently . . .
Barrier Free Access
Democratized
Egalitarianism
Sharing
Economy
Any individual
regardless of economic
and social status or
country has access to
the global economy
Individual voices are magnified
and social movements are born
via digital social platforms. The
power of one to make a
difference
Communicating with a group
of people in a real-time, that
utilizes our five senses where
distance and location is of no
consequence
Digital Singularity
Transboundary
Communities
Skills, resources and
capabilities can be
shared to develop
new products,
services, and
solutions
How will life change in 2027?The Digital Business Imperative: Businesses must . . .
Individualized
Demand
Digital
Currencies
Digital
Infrastructure
Personalize products, services,
and solutions and deliver them
directly to individuals and
customized to their needsUtilize and invest in
platforms that accept
cryptocurrency and
digital payment methods
Prepare for changes in
regulations that will impact
their digital business models
Digital Singularity
Government
Regulations
Invest in the
“Technology
Prerequisites” to drive
their success on the
new digital economy
How will life change in 2027?The Establishment of Enlightened Regulatory Frameworks: Governments will . . .
Regulation of
Digital Transactions
Protect people from abuses
and runaway technologies
(e.g. fake news, self driving
cars, and genetic
technologies)
Regulate digital
transactions to minimize
tax evasion
Extend individual
protections of data and
personal information
Digital Singularity
Regulation of Privacy
Regulate digital
payment methods
and cryptocurrencies
New Taxation
Regulation
Consumer
Regulation
We will solve the grand challenges.
87% 100%65%% of population in developing
countries with access to food
86%
79%
90% 96%
85% 100%
1997 2007 2017
% of population in developing
countries with access to water
% of population in developing
countries with access to utilities
2037
59%
65%
64%
We will live in a different world.
We will solve the grand challenges.
$113 billion
68years
$169 billion
72years
$200 billion
plus
78years
1997 2007 2017 2027
$96 billion
62years
Global Life
Expectancy
Global spend on
Life Sciences R&D
Full E. coli genome
sequenced with high-
throughput systems
DNA colony
sequencing
patented
Tens of millions of
human genomes
sequenced &
digitized
Billions of human
genomes
will be sequenced,
digitized
We will extend life.
27
Tectonic shift in US
Administration
Brexit: The Exit Process Intelligent Automation + Cognitive Takes off
Level 3 Autonomous Vehicles Hit the Road
Augmented Reality for B2B becomes a
Reality
Platforms become a commodity
Emergence of the Cognitive Era
Connected Living Transforms the Home
Mainstreaming of the AI Personal Assistant
Drones Take Off
3-D Printing disrupts supply-chain/logistics
The Industrial Internet Play
Media Democratization
IOT Pivots To Sentient Tools
Rise of the Alternate Economies
Increasing Insularity, Nationalism, and
Protectionism
Data as a Service explodes
Socio-Economic Advanced Technology Business & Industrial Personal & Consumer
Disruptive Trends for 2018 and Beyond
“The future promises a world where we have more people than jobs. This will free us to explore intellectual pursuits….”
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Avasant
Kevin S. Parikh
Global CEO & Senior Partner
310.643.3030
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Digital Singularity: Innovation Reborn
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