Now seven years into an annual review process, Kevin Bloch, Chief Technology Officer for Cisco has seen technology advancing from the driver’s seat. Cisco is a company spending $6 billion a year on development, so they need to understand what the micro transitions are and then look from the outside in, as well as to customers and partners. Such as why is Cisco making investments in some areas and not others. It’s not just about the technology, it’s also about the timing.
So, with technology continuing to transform a complex world environment, here is Kevin Bloch’s top 10 technology trends for 2017:
#1 Business transformation
The world is moving from a ‘world of data’ to a ‘data driven world’ – there is a clear divergence occurring from the ‘old world’ to a new world of digital platforms, data intensive +AI (artificial intelligence), global scales and innovation investment in what is a boundary-less market. There is also a second order effect of digital, such as industry transitions from retail to media, a prominent example being Amazon winning an Oscar.
The other key transformation is moving from the human scale to machine scale, which is getting some profound capability. Cisco forecasts there will be 500 billion devices connected to the Internet by 2030, though Chris Dedicoat suggested 10 years at CiscoLive!. Much of the devices will be data driven and predominantly based on AI, thereby likely to cause economic dislocation. A US White House paper found that 83 per cent of people who are earning less than $20 per hour will have their jobs automated, with 2-3 million jobs at risk. Truck and taxi drivers are an example. The risk to this trend is cyber security. The value of intellectual property is estimated at $6 trillion and alongside value is trust. The application of trust in a digital world can be referred to ‘algorithmic accountability’, as we move into AI and self-service on the internet. The Centrelink Robo-debt crisis may come to mind…Click HERE to read full article.
