Comments
JohnBarnes
6/11/2017 11:00:02 PM
User Rank Platinum
Re: Virtualization connecting with AI and Big Data
srufolo1,
From what I see in labs and in tech reports, it's not a long way away. It's already here. What's missing is the capital and decision-making to move into deployment.
JohnBarnes
6/11/2017 11:04:54 PM
User Rank Platinum
Re: Virtualization connecting with AI and Big Data
Srufolo1,
If there's anything in the long-wave cycles in economics (Kondratiev and his descendants), the pattern seems to be that tech develops in fits and starts over long periods of time, but then deploys in short very intense bursts (like the 1900-20 burst that brought out automobiles, movies, airplanes, sound recordings, radio, or the 1950s burst that brought satellites, computers, television, nuclear power, the beginnings of modern DNA-based genetics, industrial plastics and ceramics, and so on). All those things were possibilities on the "tech shelf" for a long time; the right combination of politics and economics suddenly started them all jumping off the shelf at once.
Just now the shelf is getting very full.
srufolo1
6/12/2017 12:25:26 PM
User Rank Platinum
Re: Virtualization connecting with AI and Big Data
The technology shelf is plenty full with things like VR and AI, including smart cars and smart cities. We drag our feet mainly because of politics. For example, Elon Musk of Tesla recently resigned from Trump's advisory council. Companies such as Tesla are talking about flights to Mars carrying people. How long do you think that will take? I'm sure the technology is in place.
JohnBarnes
6/17/2017 7:41:36 PM
User Rank Platinum
Re: Virtualization connecting with AI and Big Data
srufolo1,
Economic historians quarrel a lot about whether there even is a technological shelf (I think there is, but some very smart people would disagree), and of the ones who think there is, there's even fiercer disagreement about why the shelf suddenly empties into the market after years of filling up. Kondratiev himself, and after him much more Schumpeter, both leaned to the explanation that you needed "creative destruction" to do the job -- i.e. massive disinvestment from existing industries, either because profits had fallen too low or because something like a major depression or war had dislocated everything. Kondratiev thought such tech booms happened mostly in the aftermath of depressions/wars, but given that he was a Marxist trying to figure out when the Revolution would finally happen, maybe that was just his bias. Right-wingers Schumpeter and Hayek both thought that the tendency of profits to fall in industry over time (as price competition erodes revenue down toward costs) eventually created a pool of desperate-to-invest money. Keynes would have split the difference and said that depressions are periods of longterm low-to-no profits, wars are times of restricted demand, and the necessary low priced capital for a tech surge piles up until it gets released, at which point the pile of accumulated cheap investment cash tips over the tech shelf, to mix us some metaphors in a major way.
Given that we are now coming out of the Great Recession with employment close to full (i.e. high demand) and interest rates close to zero, maybe that shelf is already tipping over. That might explain why there's so much new tech news to cover here at TT!
freehe
6/18/2017 12:25:12 PM
User Rank Platinum
Virtualized Cloud
Great article but it neglected to mention security measures for virtualized clouds. In the healthcare patient example they should have provided an example of how virtualized clouds, AI and big data will secure a patient's health information.
freehe
6/18/2017 12:27:38 PM
User Rank Platinum
Re: Virtualization connecting with AI and Big Data
@afwriter, I agree. It will impact the job market. It has already started with automation in manufacturing companies using robotics and self-service checkouts at convenience stores and grocery stores.
I hope that instead of laying off employees companies will retain employees to transition to other jobs in the automation field.
freehe
6/18/2017 12:30:06 PM
User Rank Platinum
Re: Virtualization connecting with AI and Big Data
@srufolo1, LOL! That is too funny. I agree. You cannot make fast food any faster, at least you shouldn't. Then the lines get blurred between what is food and something other than food.
freehe
6/18/2017 12:32:23 PM
User Rank Platinum
Re: Virtualization connecting with AI and Big Data
@mhhf1ve, I agree. I have used self-checkout at grocery stores and convenience stores and at least 50% of the time required human assistance. I only used self-checkout at grocery stores because the line was shorter. They will always require human intervention because eventually the computer will fail or malfunction or a code or price will be entered incorrectly.
freehe
6/18/2017 12:33:01 PM
User Rank Platinum
VIrtualized Cloud AI and Healthcare
I prefer going to healthcare providers that still use paper. When health information is digitized the potential for identity theft and healthcare fraud increases exponentially.
afwriter
6/23/2017 12:31:27 AM
User Rank Platinum
Re: Virtualization connecting with AI and Big Data
I have yet to come in contact with any of these robotic vendors, though I have read about them. I would be interested in trying one out.
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