The rate of change today is the slowest you will ever experience. It’s true! Think about how much things have changed this century, now imagine how vastly different things will be by 2025. Here are three reasons why is the rate of change getting faster. Exponential growth is visible in:
- Ubiquitous devices – smartphones, consumer products and appliances, cars and trucks, vending machines, agricultural, mining, industrial and utility equipment, aircraft engines and components, defence “assets”, 3D printers, sensors this is the Internet of Things (IoT). Today billions of devices are connected to the Internet. Some forecast as many as 100 billion devices will be connected by 2025
- Hyper connectivity – world population growth, the rise of the middle classes, the Internet and IoT have all contributed to the extraordinary take up of wifi and dramatic increase in fixed and domestic mobile networks, international cable connectivity and satellite systems. The Next Generation Mobile Networks Alliance are presently developing standards for 5G to support even faster mobile speeds and increased business and consumer demands
- Supercomputing – advances in computer chip technology with smaller, faster and cheaper computer components, as described by Moore’s Law, have been relied upon since the 1960’s. Now chip manufacturers are reaching their limits manipulating material as small as atoms. Concurrently, demands to store and analyse the tsunami of data created by ubiquitous devices, manage and control faster networks and support new capabilities in e.g. Agritech, Fintech, Medtech, Nanotech continue to grow. The International Roadmap for Devices and Systems has been launched to facilitate a way forward and quantum computing the “new space race” is anticipated by Michelle Simmons, UNSW Australia quantum physicist, to have a role.
In the meantime, supercomputing is available to us all via search services like Google and Baidu and cloud services from the massive Amazon Web Services and its competitors. The former democratising access to information and the last crashing barriers to entry for new businesses and providing a low cost platform for businesses and government alike.
Evidence of these rapid advances, robots and artificial intelligence are all around us. Some are calling this the Fourth Industrial Revolution.