The Next Phase of Technology in Business– AI?

The Next Phase of Technology in Business– AI –

AI? What is AI anyways?

It stands for artificial intelligence, and many humans fear these advanced

computer systems may beat out humankind one day.

However, as adaptable and evolutionary as humans are, there will be other

avenues for collecting resources to make a living.

 

Technology in Business?

Technology in Business? – This can be documented with so many past innovations,

from electricity to vehicle transportation. So, with every new change, a learning curve

will be in place, user ability rate and success will be measured, and future development and

advancements will be made to the technology, to help improve the overall performance.

According to the New York Times, it would be hundreds of years before

computers could beat humans, if not longer.

So, this is encouraging news to those who fear their current work situation,

thinking one day they will be replaced by a robot.

 

 

 

AI and Technology in Business?

The world of Artificial intelligence has made very rapid

progressions just in the past decade alone.

Think of all the algorithms and the massive amount of computer data

and processing power computers now have.

It is quite a bit!

Many large profitable online organizations are experiencing

the rewards of such advancements in technology.

It has decreased their workload, streamlined their internal operations,

and allowed for a better functioning online organization to

meet more demanding and growing online users.

So, with all these computing changes, made to both search engines, and online databases, the time for AI, is beyond ripe.

That is because now, artificial intelligence can

be applied to almost any field or industry.

• Insurance
• E-commerce
• Military
• Government
• Technology and Software Companies

 

Case Example:

We can use a simple example for illustration purpose.

So, let’s use the photography business.

Now, with the help of Artificial intelligence and advancements in this new technology,

a technique called, “artistic style transfer” will transform a picture into the style the painter provided.

This new technology in business will help provide an alteration

of the business picture with the style theme of the painter.

For example, if you were to change an image, to another painter type, the outcome for the original

the photo would also be altered.

This technology could not be made possible if it were not for the help of Artificial Intelligence.

 

Google and Artificial Intelligence?

Of course, Google is involved in this process of new technology.

Google has already built an Artificial Intelligence system of their own.

This system will control the data center power systems, which in turn can save

hundreds of millions of dollars by reducing energy costs.

 

Grand Scale of Technology Use in Business

This new technological advancement can help people on a larger scale, through energy cuts.

This powerful technology not only streamlines businesses for smoother operations,

and customer fulfillment orders, but also for humanitarian issues plaguing many

Americans and people worldwide.

So, finding ways to save people on their utility bill is only another way

how technological integration can assist on many scales and levels.

 

Liberation through Technology?

Of course, there have been many broad statements, of this technology is liberating, but is it?

If you look at the promise of Artificial intelligence,

it is to help people reduce the menial tasks they do daily.

This means, the same repetitive tasks done either in your work performance or home.

According to Kevin Kelly, on the future of Artificial Intelligence in industries,

and our economy, look no further to his quote:

“If AI can help humans become better chess players, it stands to reason that

it can help us become better pilots, better doctors, better judges, better teachers.” — Kevin Kelly

 

 

 

Negative Side of AI – Artificial Intelligence

Now, this is the positive notion of AI or Artificial Intelligence.

But there does exist a group of people who worry that Artificial Intelligence will destroy jobs.

That means, they worry, that this new technology will replace them,

at a more reduced cost, that is labor cost.

History has indicated that even if new technology in business, like AI, does eliminate jobs,

it is also responsible for creating new and better jobs.

This is because these jobs are now being formed and based around new technology

not formally introduced to the marketplace at the time of your initial employment date.

However, with new technology, so does more efficient software programming

and streaming techniques to help reduce the mundane and ritualistic behaviors of work tasks.

 

Technology in the Workplace

As an example, think of all the jobs that computers and the internet have taken away.

However, the upside is, there have also been new fields of industries being created,

as these products enter the marketplace.

For example, before the age of internet and computers, the occupation of SEO,

or search engine optimization was nonexistent.

Makes sense. Why would anyone need to be the first page of a search engine, if no search engine even existed?

This example, drawn out yes, does show the historical roots

and the formation of new and emerging jobs.

 

Education and Technology Growth

The field of technology and computers is exploding.

Look at the degrees now offered from Colleges and Universities across the United States.

Many new programs and degrees have surfaced because of this new advancement.

• Computer Programming
• Technical
• SEO – Internet Marketing

 

You can see fields and college majors, that was not even conceptualized due to the lack of technology.

However, once technology took root, and shaped how we transact business

operations and work operations, more jobs were created to meet this need.

So, a typographer or a person writing on typewriters for a living

would have needed to evolve his or her work into the more updated system of computers.

In doing so, new markets started to trend and evolve.

As in this example, many graphic designer jobs started to emerge

and replace the typographer jobs that were dropped during

this technological transition to acritical intelligence.

 

Technology Concentration in Business

As with many things in life, it is sometimes easier to concentrate on the

negative of an issue or topic, instead of looking at the added benefit it

may have not just on you, as an individual, but for the entire process of system development.

This system development is one that we depend on, and why we should focus

the attention to some positive outcomes with these new job market trends.

For example, there are many people that can work from home,

invest in building a home-based business,

or just operating from a remote office location.

 

Business Technologies and Functionalities

These functionalities and utilities were not imaginable until the invention of this new technology.

So, as you can see, if this new advancement never existed,

just think of all the jobs that would not

be in business or on the marketplace for sale.

 

That figure would include some of the following jobs:

• Social Media Marketers
• PPC Manager
• SEO
• Website Design and Graphics
• Computer and Programming
• Drone Operators,
• Ride-sharing drivers
• Software Application Developers

 

Technology Advancements – Pocket Supercomputers

Ready for some staggering results and numbers, well here it goes.

By the year 2020, it is measured that at least 80 percent of adults living on planet earth will have some form of

an internet-connected smartphone.

Yes, this means the iPhone is here to stay! The new technology of phones today,

for example, the iPhone has many more transistors than the 1995 Intel Pentium computer.

Therefore, these small devices are considered to be the smallest supercomputers available.

Of course, this statement can change with the advent of new technology and devices.

If technology has already drastically improved in functionality and operationality,

then imagine how it will appear in a decade after 2020, and beyond.

 

Increased Usage of Technology in Business

All kidding aside, you can see the increased use of technology from the audience members from the year 2013.

You can see the magnitude of smartphone technology being integrated into the way of life.

It makes you wonder how engagement has been affected by these two images.

For example, since there are many smartphones capturing this event, regardless of its message.

This message can now be shared instantly with family and friends,

and reach an unimaginable number of people, all from the seat within the auditorium.

 

Access to Technology in Business

Internet-connected smartphones and devices were the luxuries of the elite until prices became more affordable.

There are still people that cannot afford such technology,

but that margin has been slowly diminishing as

new advances in technology have reduced the cost of production.

Thus, the reduction in the cost of production is carried over to the consumer,

making its reach larger and more widescale.

This can be reiterated through a quote from Peter Diamandis,

who believes we focus too much on the negative news.

“Right now, a Masai warrior on a mobile phone in the middle of Kenya has better

mobile communications than the president did 25 years ago.

If he’s on a smartphone using Google, he has access to more information

than the U.S. president did just 15 years ago.” — Peter Diamandis

 

Currency Development – Cryptocurrencies and Blockchains

This has been a conversation and discussion on many news channels,

and other alternative sources of information.

Even though this new industry of currency has been in development,

there is still a large number of people who are not necessarily familiar with its process and internal system.

This is because this new way of currency exchange is a series of internet protocols,

that may affect certain industry groups or businesses.

The purpose of this new money or currency exchange is to basically decentralize

the network of information nodes. That means, making it available without 3rd party regulation, through other means.

This will be explained in further detail but view the quote below from Farmer and Farmer.

It will provide historical insight into today’s new technology while making the key point.

 

“If you asked people in 1989 what they needed to make their life better,

it was unlikely that they would have said a decentralized network of information

nodes that are linked using hypertext.” — Farmer & Farmer

 

 

Understanding of Technology in Business

In order to have a better understanding of this new currency system,

it is helpful to look at the protocols surrounding this technology.

This is because internet protocols are the mainframe of this operation,

and have been in the works for many years, decades in some cases,

depending on specific technology integration.

For example, think of protocols as the plumbing of the internet,

it helps as a visualization for imagery demonstration purposes.

Most of these protocols are found in institutions such as academia and government.

However, currently, protocol development has mostly stopped due to energy shifting and new development.

This new development has shaped proprietary systems, such as:

• Messaging apps
• Social networks

Without even knowing it, the same technology used to send

your friend a message also has the same

technology for cryptocurrency and blockchain technologies.

 

 

New Business Model?

A new business model is on the rise because of this new

technology advanced by cryptocurrency and blockchain.

Just in this year alone, hundreds of millions of dollars have been raised for

innovative blockchain-based protocols.

These protocols are being based on blockchains with previous compatibilities that the original protocols didn’t offer.

Ethereum is an example of this breakthrough.

This new blockchain based protocol is used to create smart contracts, with trusted databases.

Security and protection is everything with this type of industry, and business operation.

This is because these databases were created for the immunity

of outside or internal corruption, as well as any censorship.

 

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