Data is eating the world
Envisioning the future
To understand the future, look at weak signals with exponential growths.
What are those weak signals ?
Cheap computing
Computing power per $ = x2 every 18 months
Ubiquitous computing
Transistors per human = x10 every 5 years
Growing data
Data stored = x5 every 4 years
400 exaBytes = 40 GB/human
40 000 exaBytes = 4 TB/human
Slow growth of IT jobs
Slow growth of number of technologists in the population.
Non-exponential !
Big data is eating the world
IT & Engineering departments are forced to get into cloud, big data and machine learning.
Information brings value by improving decisions
A weather forecast is not valuated the same by a citizen and by a wine producer.
The assessment of oil reserves is not valuated the same by a citizen and by a trader on the commodity market.
AI creates information which is exploited through decisions.
You can't leverage AI without understanding decision making !
š Information + ā Decision = š° Value