Tuesday, December 27, 2016
15 predictions that were a tad off the mark
Friday, December 23, 2016
5 Recommendations Australian Government suggested to boost Innovation
An innovation report was published by the Australian Government, Senate Economic References Committee, in December 2015. It would be cool to measure activities against policy recommendations
In the report innovation is described as “ideas applied successfully”.
Recommendation 1 paragraph 2.32
The Government target and build policies to lift investment in research and development to three per cent of GDP.
Recommendation 2 paragraph 2.32
The establishment of an independent government agency responsible for maintaining a continuous and consistent approach to innovation policy across the whole of government.
Recommendation 3 paragraph 2.4
Develop policy to enhance collaboration and the free flow of knowledge between the university system and the private sector; increasing the size of the research and development workforce employed in industry; and ensuring that public funding to support science, research and innovation is long- term, predictable and secure.
Recommendation 4 paragraph 2.57
Develop a range of measures to support the role of local and regional innovation ecosystems.
Recommendation 5 paragraph 2.66
Focus on the education system acknowledging the central importance of the interplay between innovation, the STEM subjects and the humanities, social sciences and creative industries.
Full report and response to recommendations:
Inspired by Lynn Wood
5 Tech Predictions for 2017 - from TIME
Tuesday, December 20, 2016
Who is the 27 year old Mathemetician building a Bitcoin Empire?
Since being introduced by Satoshi Nakamoto in 2008, Bitcoin has swiftly evolved to transform the way we imagine global currency in a digital world. Developed by programmers and released as open-source software in 2009, Bitcoin is credited as the first decentralized digital currency, commonly referred to as cryptocurrency, serving as an alternative peer-to-peer payment system.
Deviating from traditional payment methods, transactions are direct between users, without the need for third-party systems, such as physical dollars, coins or credit cards. Additionally, bitcoins can be exchanged for other forms of currency, products or services.
Bitcoin transactions are verified by a network of nodes, then recorded in a publicly distributed ledger known as a “blockchain”, which authenticates bitcoins as monetary units of measurement – or money. Bitcoin mining refers to bitcoins created as a reward in which users verify and record transactions in the blockchain. Users who mine successfully receive fees per transaction in the form of new bitcoins.
In 2015, the total number of merchants accepting bitcoins as currency surpassed 100,000 -- with users being charged less than 2% per transaction, as opposed to the 2-3% processing fee assessed by credit card companies. Even with the impressive strides made, the Bitcoin space has a lot of room to grow.
Much like Gold, bitcoins can be used to store value, minus being a tangible form of currency. Yet, Bitcoin currently has a market cap of around $12.5 billion, while the market cap of gold is $7 trillion. Noticing the potential of the emerging marketplace, one young entrepreneur stepped away from a promising career path to focus on building a bitcoin empire.
Founded in 2013 by 27-year-old Marco Streng, Genesis Mining stands as the largest bitcoin cloud mining company in the world. Boasting more than 300,000 daily customers, the startup has grown to become a global power that employs over 100 full-time staffers from all parts of the world.
Prior to developing the idea for Genesis Mining, Streng was on pace to become a mathematician, dropping out of college amidst his training to pursue his business idea full-time. Strong would eventually team up with two unlikely entrepreneurs and began incubating a concept that would eventually reshape how today’s digital generation makes purchases and accumulates wealth.
"In 5-10 years, Bitcoin, or one of the other cryptocurrencies, will be well established and accepted as a currency." - Marco Streng
Boot-strapping from the start, as the growth of the company began to accelerate, venture capitalists began expressing interest in funding the startup, but the founding team decided against taking outside investment. Instead, the team turned to using profits to fuel growth, which is a very uncommon tactic for hyper-growth startups.
In March, the Genesis team adjusted their strategy by launching Logos Fund, an investment fund catering to top-tier venture capitalists. To date, the fund has raised a reported $100 million in assets. which went on to raise a reported $100 million in assets under management. Now, Genesis Mining is respected as one of the few companies within the Bitcoin industry that has created a highly profitable and sustainable business model.
I spoke with Marco Streng about the vision behind his company, battling the skepticisms surrounding the changing industry, and his ambitious plan for reshaping global currency.
What specific void or opportunity did you discover that inspired the idea to launch Genesis Mining?
Marco Streng: We found that there was a lack of trustworthy mining companies in the altcoin market. Not enough providers were enabling users to mine the coins they were most interested in. After establishing our brand and a reputation as a reliable and trustworthy mining company, we also entered into the Bitcoin mining space.
With the space developing so rapidly -- What have been the biggest challenges or surprises you’ve experience while building your business?
Marco Streng: The cryptocurrency world as a whole moves at an incredible speed. Almost on a daily basis, something in the market changes, and we have to adapt our strategy and business accordingly. If you are not smart and fast in the cryptocurrency world -- you are out.
Each co-founder comes from a very interesting background — How did the three of you come together and what does each member bring to the table the gives the company an edge in the space?
Marco Streng: Two of us have a background in mathematics and physics; one already had experience in running a company. Also, everyone brought in good and valuable contacts, such as our entire legal team. The vibe between us is very good, and 99% of the time we quickly reach consensus about how to go forward. We all also share the same goal: making this world a better place by spreading the idea of cryptocurrencies.
How do you see the Bitcoin industry evolving in the next 5-10 years and where does General Mining fit into your vision of the future?
Marco Streng: It is hard to forecast what is going to happen in the next five days in crypto-land. In 5-10 years, Bitcoin, or one of the other cryptocurrencies, will be well established and accepted as a currency. Smart contracts and second layer technologies like lightning will play an important role in some parts of the financial industry. Mining and proof-of-work will probably still be used for some major cryptocurrencies such as Bitcoin, but the industry will be more settled and the product cycles will be much longer. Cloud computing is still in the the early stages of its development, and due to its enormous computational power, we will probably be able provide services beyond mining.
Describe the potential in the Bitcoin space and how you believe people should be looking at the industry?
Marco Streng: Bitcoin has the potential to become the most important non-government form of money, or even the one and only form of money. In other words: if Bitcoin succeeds in becoming a good store of value the Bitcoin price can easily go up by a factor of 500. This would just take into account being used only as store-of-value. However, Bitcoin is so much more: with second layer technologies it could facilitate very fast and cheap payments all over the world. Projects like Rootstock would allow Bitcoins to be used in smart contracts and so on. So the potential is enormous, which is why Bitcoiners often encourageone another with the phrase "to-the-moon!”
Bitcoin is understood as a form of currency for the future — But what other functions does Bitcoin serve and what added value does the industry add to the new economy?
Marco Streng: Bitcoins are durable, divisible, easy to transfer and Bitcoin is a scarce commodity. Because it is easy to divide, simple and cheap to transfer and almost impossible to counterfeit one could argue that Bitcoin are a better store of value than gold. Global micropayments - with 2nd layer technologies like Lightning, it would be possible to transfer even the smallest amounts from one person to the other in almost no time and at almost no cost. Bitcoin could then be used for micropayments of any sort around the world. Complex contracts can be written and their execution can be guaranteed on a blockchain (called rootstock); Bitcoin would be the currency used for such smartcontracts.
How do you see the growth of the Bitcoin industry shaping the global economy and impacting politics, social enterprising, e-commerce, etc. ?
Marco Streng: The world is getting smaller every day. Traveling by airplane became relatively cheap, and technologies like the internet, email and skype allow people from distant places to work together. For example, programmers in San Francisco and Armenia can work together without ever meeting. But, how do they get paid? With the legacy of the financial system, it takes a long time to make wires, and they are expensive too. How is it possible to tip someone who created great content? Bitcoin and other cryptocurrencies will allow all of that. Not only will we be able to easily move around the world and share information, but we will also be able to transfer value between each other quickly and almost no cost. This will allow us to create many new solutions for consumers. Crowdfunding of projects becomes a lot easier, workers that work abroad to earn money for their families can be paid without delay. Smartcontracts will replace expensive third parties and will make businesses between entities easier and safer. But these are just the simple obvious low-hanging fruits. The interesting question is what people will come up with going forward. The technology is young. It's reminiscent of the early days of the internet where no one had youtube, wikipedia and online universities in mind. You could speculate about the future but no one new exactly what shape the tech would take.
You travel at least 30 weeks per year all around the world to expand the business — Describe what your hustle is like and how you balance the different demands of the job?
Marco Streng: We have teams all around the world working to innovate and improve our services, so one of my chief goals as we travel is to make sure those teams are empowered to stay innovative and delivering top of industry services for our customers. I also believe strongly in the fact that the success of Cryptocurrency and fintech rely on community support and innovation. That's why all of our leadership regularly attends and speaks at industry conferences to help imagine the future with other leaders in these efforts.
Follow me on Twitter to share your comments and continue the conversation @Allthingsmitch
This story was originally published onForbes.com
Sunday, December 18, 2016
19 Disruptive tech trends in 2017
As an amateur futurist I'm always watching the trends of innovation, here are some technology trends I'm keeping a close eye on as we approach 2017. Now we are entering a period where the convergence of multiple technologies and integrations results in an exponentially increasing potential for disruption in the future of work, commerce, manufacturing, Bigdata and AI.
1. Blockchain
Distributed ledger technology that are decentralized databases that are hacker and fraud proof don't just have the potential to impact Banking and FinTech, but transform how our digital identity and customer reviews work. In an era where trust in at an all-time low between citizens and institutions, the blockchain can give the fallen credibility of various institutions a new measure of legitimacy.
2. The AI Smart Speaker
You would not have thought Amazon's 9-inch tall cylinder speaker controlled by a cloud-based voice assistant that goes by the name Alexa would change the world, but it's becoming increasingly apparent this product is a deal-breaker that not only tap into chatbots, product search and ecommerce but the future of how apps work together via a personal assistant. I think Google Home and Apple's Competitor pushes innovation in this ecosystem to such an extent voice search begins to take traffic from mobile search.
3. Analytics of Everything
As the IoT matures it actualizes the Big Data era with predictive analytics that alters how the world interacts with our physical presence. An increasingly multi-layered digital mesh and new channels such as chatbots, AR, VR and mixed reality means our data is used in new ways that goes beyond what we now call the internet and digital or mobile influence. With graph databases and the convergence of many new technologies, such as AI and IoT produces an analytics of everything that's actionable, personalized and ubiquitous.
4. Automation Economy
Forget the information or digital economy, the automation economy increasingly scales machine learning, algorithms and AI to the point where many of our jobs are affected. A visible impact of the automation economy are fully autonomy vehicles and self-driving cars. Apply this same principle to nearly every field, and you have a very disruptive trend. This includes robotics, drones, 3D-printing, fully responsive chatbots, the smart home, Dash like shopping agents and so many other trends.
5. Mobile Ubiquity of Personalization
As mobile devices continue to replace PCs and secretaries, he devices mesh, smarter apps and innovation in IoT and new more powerful wearable devices means sensors in the IoT device mesh become more accessible. 2017-2020 is a period of integration, resulting in a greater mobile ubiquity of experience that's personalized, customizable and reacts to the individual. The emergence of a winning personal assistant is a key component of this process that can and will increasingly filter the notifications, emails, communications, our calendar, our search and access to the information and our professional and social lives.
6. The Chatbot Interface
Before human beings are able to directly find a neural interface to the internet and each other, there is a period of the chatbot interface that helps train AI to become smarter and that enables human beings to become more accustomed to living digitally expanding our speed, efficiency and removing own own bottlenecks while increasing our bandwidth. Chatbots that can help us organize our lives and humanize technology are absolutely necessary, these will take many forms but ultimately enable us to interact with an evolving AI.
7. Collaborative Innovation
The way companies such as Amazon, Facebook, Google and others crowd-source innovation moving towards a software of everything is crucial to how technology accelerates into the 2020s. Amazon's Alexa Skills Kit that lets you teach Alexa new skills is an example of this. Eventually, this is not a question of APIs and devs, but human beings helping machine learning self-learn. Tech companies become ecosystems and platforms while morphing into something else, anticipating and driving innovation, but this means the exponential evolution of technology takes on a more human AI hybrid environment, and collaborative process.
8. Biometrics and Digital Wallets
A digital wallet that's attached to our digital identity on the blockchain with payments made via biometrics is very interesting. The Apple pays, Android Pay and Paypals of this world are just the beginning. In an era of severe disruption, human beings will have access to a universal basic income and "payments" will be made via sophisticated digital wallets that do not require external verification such as cards, a mobile device or some physical proof of verification.
9. 3D-Printing
3D printing is set to disrupt manufacturing and as it enters the smart home, it disrupts retail and e-commerce. Additive manufacturing impacts not just mass production, but how we are able to personalize and customize products all in the comfort of our homes for cents per pound. Machines that build other machines in fact is a major trend, Elon Musk's ideas on how smart factories will scale with the "machine building the machine" is a precursor to self-replicating robotics, drones and self-repairing home systems. An intelligence of everything armed with 3D-printing will alter how we build and maintain infrastructure after all.
10. Video of Everything
Snapchat Spectacles are the precursor of ocular implants that will be able to record our experiences, replay and share memories and experience a new immersive depth of our own key moments. As video content increases in preference to written content on the web, how we experience media and news has already changed considerably and will continue to evolve. Facial recognition, drones, wearables and new kinds of VR, AR and mixed reality mix with video to create new modes of expression and social interaction.
11. Rise of Cyber Terrorism
The prevalence and scale of cyber hacking, corporate (government) espionage and using IoT to coordinate cyber attacks is set to increase creating a new kind of cyber politics, crime, warfare and of course terrorism.
12. Quantum Computing
Google, IBM and others are experimenting with Quantum computing it can be leveraged to create a whole new architecture and paradigm of computing, software and apps.
13. The Experience Economy
As products become no longer the center of capitalism, it will transition to the "experience" economy. This is already readily visible in how the customer experience is a key component to how brands sell products and services.
14. The Sharing, On-Demand and Gig Economy
Three different ecosystems, all becoming more relevant with each passing year. How we share, move and work are all set to change. The future is more like an Airbnb and WeWork of everything, than it is an Uber of everything.
15. Skills Gap Training
As the future of work is in flux, how citizens re-educate themselves to adapt to changing jobs, professions and career-paths means lifelong education is a must. Significant skill gaps and skill shortages in some industries will lead to new innovations that hasten the advent of the automation economy.
16. Corporate Renaissance
Just as cloud computing enabled and facilitated millions of new startups, new trends in corporate technology, culture and AI will continue this trend. Sales and marketing will become easier to automate, and how we replicate innovation, remain agile and pivot will evolve for every size of company and every kind of product.
17. Exascale Super Computing
With faster super computers, reaching the processing power required to simulate the human brain is within reach, with predictive modeling capable of not just simulating but reaching deeply into data and applying cognitive approaches (AI capacity).
18. Post App and Post Mobile Disruption
2017 is the year we realize mobile devices and apps are the past and no longer represent necessarily viable future products. Human beings don't really want to be tethered to their phones, they want a better experience of digital that's not so cluttered, impersonal, inefficient, wasteful and un-integrated. As VR, AR, mixed reality and 5G manifest, we'll have more options.
19. Biological Engineering & Augmented Self
Nanabots, biotech and human enhancements will radically change health monitoring, reverse aging, family planning and human leadership, among so many other things.
Like these insights, share this article.
What disruptive tech trends and innovations stand out to you as being relevant to watch in 2017 and beyond?
This article is part of the LinkedIn Top Voices list, a collection of the must-read writers of the year. Check out more #BigIdeas2017 here.
Friday, December 9, 2016
Welcome to 2030. I own nothing, have no privacy, and life has never been better
Written by https://www.weforum.org/agenda/2016/11/shopping-i-can-t-really-remember-what-that-is/
Ida Auken, Member of Parliament, Parliament of Denmark (Folketinget)
Friday 11 November 2016
Welcome to the year 2030. Welcome to my city - or should I say, "our city". I don't own anything. I don't own a car. I don't own a house. I don't own any appliances or any clothes.
It might seem odd to you, but it makes perfect sense for us in this city. Everything you considered a product, has now become a service. We have access to transportation, accommodation, food and all the things we need in our daily lives. One by one all these things became free, so it ended up not making sense for us to own much.
First communication became digitized and free to everyone. Then, when clean energy became free, things started to move quickly. Transportation dropped dramatically in price. It made no sense for us to own cars anymore, because we could call a driverless vehicle or a flying car for longer journeys within minutes. We started transporting ourselves in a much more organized and coordinated way when public transport became easier, quicker and more convenient than the car. Now I can hardly believe that we accepted congestion and traffic jams, not to mention the air pollution from combustion engines. What were we thinking?
Sometimes I use my bike when I go to see some of my friends. I enjoy the exercise and the ride. It kind of gets the soul to come along on the journey. Funny how some things seem never seem to lose their excitement: walking, biking, cooking, drawing and growing plants. It makes perfect sense and reminds us of how our culture emerged out of a close relationship with nature.
"Environmental problems seem far away"
In our city we don't pay any rent, because someone else is using our free space whenever we do not need it. My living room is used for business meetings when I am not there.
Once in awhile, I will choose to cook for myself. It is easy - the necessary kitchen equipment is delivered at my door within minutes. Since transport became free, we stopped having all those things stuffed into our home. Why keep a pasta-maker and a crepe cooker crammed into our cupboards? We can just order them when we need them.
Have you read?
This also made the breakthrough of the circular economy easier. When products are turned into services, no one has an interest in things with a short life span. Everything is designed for durability, repairability and recyclability. The materials are flowing more quickly in our economy and can be transformed to new products pretty easily. Environmental problems seem far away, since we only use clean energy and clean production methods. The air is clean, the water is clean and nobody would dare to touch the protected areas of nature because they constitute such value to our well being. In the cities we have plenty of green space and plants and trees all over. I still do not understand why in the past we filled all free spots in the city with concrete.
The death of shopping
Shopping? I can't really remember what that is. For most of us, it has been turned into choosing things to use. Sometimes I find this fun, and sometimes I just want the algorithm to do it for me. It knows my taste better than I do by now.
When AI and robots took over so much of our work, we suddenly had time to eat well, sleep well and spend time with other people. The concept of rush hour makes no sense anymore, since the work that we do can be done at any time. I don't really know if I would call it work anymore. It is more like thinking-time, creation-time and development-time.
For a while, everything was turned into entertainment and people did not want to bother themselves with difficult issues. It was only at the last minute that we found out how to use all these new technologies for better purposes than just killing time.
"They live different kinds of lives outside of the city"
My biggest concern is all the people who do not live in our city. Those we lost on the way. Those who decided that it became too much, all this technology. Those who felt obsolete and useless when robots and AI took over big parts of our jobs. Those who got upset with the political system and turned against it. They live different kind of lives outside of the city. Some have formed little self-supplying communities. Others just stayed in the empty and abandoned houses in small 19th century villages.
Once in awhile I get annoyed about the fact that I have no real privacy. No where I can go and not be registered. I know that, somewhere, everything I do, think and dream of is recorded. I just hope that nobody will use it against me.
All in all, it is a good life. Much better than the path we were on, where it became so clear that we could not continue with the same model of growth. We had all these terrible things happening: lifestyle diseases, climate change, the refugee crisis, environmental degradation, completely congested cities, water pollution, air pollution, social unrest and unemployment. We lost way too many people before we realised that we could do things differently.
Linked On and Microsoft can make such a positive difference to the future of constructive employment
Jeff Weiner shares Microsoft's and Linkedin's next "play" of their merger.
Exciting stuff!!!.
There is so much opportunity for Microsoft and LinkedIn to make a major shift in creating jobs and enhancing collaboration and connection - from the disruption of AI, robotics and machine learning.
As a major user of LinkedIn and Microsoft - the biggest bang for the buck for me - will be the integration of Linked in and Microsoft Dynamics, and adopting the vision of Microsoft to being an "open sourced" technology company with a mindset of abundance, vs a company that was paaanoid about the competition. The reality is that there is no competition - only potential alliance partners! Onwards and upwards! Ivan Kaye https://members.referron.com/bsivc
From Jeff Weiner
As we closed LinkedIn's acquisition by Microsoft today, I sent the following to our team. Publishing it here on the network for those interested in learning more about where we'll be focusing our integration efforts. For additional context, here is a link to my original post at the time of the initial announcement.
Team,
Six months ago, we announced our intention to be acquired by Microsoft. At the time, Satya and I shared the background of the deal and our joint vision for changing the way the world works. Today I’m pleased to announce that we’ve just officially closed the acquisition. I’m more confident than ever that our move to join forces with Microsoft will accelerate our mission to connect the world’s professionals to make them more productive and successful, and ultimately help create economic opportunity for every member of the global workforce.
Over the past few months, the LinkedIn and Microsoft leadership teams have been meeting to understand and prioritize the opportunities ahead. We’ve been able to see first-hand the level of innovation being driven at scale -- in artificial intelligence, machine learning, the cloud, devices, and more. We’ve also had the chance to build a deeper relationship with Satya and the Microsoft leadership team, and to witness the strategic and cultural shifts they are driving, and the impressive traction they are seeing as a result.
As we move forward, our day-to-day operations will essentially remain unchanged: We’ll continue to have the same mission and vision, the same culture and values, the same brand, and the same leadership team.
Our members still come first. Our commitment to privacy and security will not change. And our partners are still core to our business. We’ll continue to remain focused on growing LinkedIn and creating value for our members and customers. Over the coming months we’ll start sharing more about how we’re integrating products, especially in areas where we can leverage Microsoft’s scale, e.g.,
- LinkedIn identity and network in Microsoft Outlook and the Office suite
- LinkedIn notifications within the Windows action center
- Enabling members drafting résumés in Word to update their profiles, and discover and apply to jobs on LinkedIn
- Extending the reach of Sponsored Content across Microsoft properties
- Enterprise LinkedIn Lookup powered by Active Directory and Office 365
- LinkedIn Learning available across the Office 365 and Windows ecosystem
- Developing a business news desk across our content ecosystem and MSN.com
- Redefining social selling through the combination of Sales Navigator and Dynamics 365
Getting to this point wouldn’t have been possible without the teams who have been working tirelessly on the close since we announced the deal in June. I’d like to thank them for all they’ve done to set us up for success as we begin our next chapter.
In so many ways we’re just getting started, and I couldn’t be more excited about the future.
Next play.
Jeff