Tag: Artificial Intelligence

The Rise of a Superpower

Over the past two decades China has successfully transformed itself into a global technology superpower. It now accounts for 20% of total world R&D spending, publishes more academic papers than any country apart from the United States, and is home to the world’s most valuable unicorn.

 

Amidst China’s technology boom a list of titans have emerged including Tencent, Alibaba, and Baidu. China’s Titans’, although dwarfed by the US Tech Giants in terms of revenue and users, continue to post exceptional growth figures with much potential still to fulfil. In this article, we explore China’s technology ecosystem, the infrastructure and how some of China’s most promising companies compare to those in the US.

 

AR Hololens

In decades past, virtual reality (VR) was often thought to be the next big thing. Except it wasn’t. Despite previous attempts to produce ‘killer’ products, mainly in the gaming domain, it ultimately didn’t take off. At least not yet.

However there are signs that the hype is returning as major technology companies are again placing their bets in this space. In 2014, Facebook purchased VR company Oculus Rift for $2bn, a company founded only two years earlier.

Along with VR, interest is also picking up in another form of reality - augmented reality (AR). Google (Glass) and Microsoft (HoloLens) have both developed and publicised new hardware products in this area.

Whilst on internship from the University of Leeds, 2nd year student George Travell explored the potential policy prescriptions for the 4th Industrial Revolution.

We’re in the midst of a technological revolution but have we been here before?

The fourth industrial revolution is well on its way to remove 20% of UK workers from the job market by 2030 - a report by McKinsey Global Institute has found. In their study of 46 countries they predicted job loss to be 800m by 2030 whilst still concluding that more jobs will be created than destroyed. Rising consumption particularly from developing economies is one source of new demand which could create approximately 280m jobs globally. Development and deployment of technology itself could create up to 50m.

China is currently piloting a vast ranking system using big data and AI processes to monitor citizens’ behaviour. The social ‘Sesame credit’ system was first announced in June 2014 by the governing State Council of the People’s Republic of China and will be mandatory for all businesses and citizens once fully operational by 2020.

 

Facial recognition is often being talked about as one of the next big things but where can it be used and how secure is it? While on work experience, Sam Shelton (Yr10 student) from The Bishop's Stortford High School looked into the subject.

I was delighted to present at this year’s Futurefest event last week-end (17th Sep 16) and participate in a panel along with Brigitte Minamore, Melody Hossaini and Cindy Gallop.

Here’s a brief synopsis of what I said including some of the statistics I referred to: 

While on work experience, Henry Walton of Hockerill Anglo-European College looked into the growing Smartwatch phenomenon.

Is now the time of the Smartwatch?

Growth of the Industry

2012 saw the rise of a new industry following the success of the newly founded smartwatch company Pebble. The company pitched their e-ink display smartwatch to crowdfunding platform Kickstarter in April that year and received $100,000 in the first 2 hours after the project went live. The project went on to raise over $10,000,000 from 70,000 backers, demonstrating the substantial demand for intelligent wearable technology.

pebble

The Pebble Watch

Although fitness bands and simplistic smartwatches have been in existence for almost 10 years, it was Pebble’s success that acted as the catalyst for the smartwatch industry’s growth. Other major brands such as Samsung, LG and Motorola quickly followed suit and released their own products across 2013/14.

The huge impact of e-Commerce and home deliveries are revolutionising the retail industry and radically changing our shopping habits. Rose Nott from Birmingham City University has written an article on the future of the online shopping experience.

 

These are the key technology themes we will be watching closely during 2019:

 

1. #Techlash - tech builds a conscience

By 2020, it is forecast that 1.7MB of data will be created every second for every individual on the 

planet. Managing data properly must be a top priority for companies in 2019. If they do not have

robust procedures in place to ensure that data is managed, stored and utilised appropriately, they

will run the risk of being caught in the #techlash epidemic.

 

2. #5G – the race has begun

5G will open up significant opportunities across industries by increasing reliability, saving time, 

money and dramatically enhancing the final user experience. Three key reliability improvements 

over 4G will be a 1,000 times speed increase, improved latency and high precision connectivity due 

to the ultra-high frequencies. IDC predicts more than 30 billion devices will be connected to networks globally by 2020. 

Data will continue to be the fuel of the digital economy and this year it underpins all our tech themes. We believe blockchain technology has only just started to revolutionise industries, IoT adoption will surge as it drives productivity and government regulation will have to move fast to catch up with past innovation. A year on from our Ten Tech Trends for 2017 - A quantum leap the digital revolution continues to displace and disrupt. 

 

 

 

‘The digital revolution is the new industrial revolution’. Digital disruption continues to shape our world of today and our future of tomorrow. Following on from our research on Ten Technology Themes to watch in 2016, here are the ten tech trends we shall be tracking in 2017.


Phoebe Seymour (Yr12 student) from The Bishop's Stortford High School researched the topic of Artificial Intelligence (AI) to understand why fewer women are pursuing AI careers when the majority of the constructed AI personalities are female.

It is common knowledge within the tech world that there is a severe lack of women in the artificial intelligence (AI) field. Statistically, 50% of all A-Level physics classes in the UK do not contain girls according to Sherry Coutu, and women received just 18% of undergraduate computer-science degrees in 2011 (National Centre for Education statistics). 

SAGE podcasts and vodcasts span a wide range of subject areas including business, humanities, social sciences, and science, technology, and medicine. 

 

Therefore I was delighted to be a guest on the @SageNAmerica Advice Podcast with @edkless to talk about why I invest in early stage growth companies.

The translation and interpretation industry has doubled in the past seven years, advancements in translation technology have enabled translators and interpreters to improve their performance. While on work experience, Wendy Cowen (Yr11 student) from The Bishop’s Stortford High College explored how translation technology is breaking down language barrier

 

Companies from all industry sectors understand the importance of investment in Artificial Intelligence (AI). It has the potential to transform the way we live and the ability to tackle inherent societal challenges. Whilst on work experience from the Herts and Essex High School, Yr10 student Emily Hollins explored its future impact and opportunities.