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FUTURE TECHNOLOGY
nipper
post Posted: Nov 5 2017, 01:50 PM
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Second order effects
QUOTE
Consider a simple change in technology, the automated checkout, such as in Woolworths and Coles in Australia. Walmart started rolling out these automated checkouts in around 2010 at scale and the other major retailers started doing the same. The first-order effects were a loss of jobs of the people working the checkouts, and retailers reduced their costs. And if one major competitor does that, other competitors follow, otherwise their cost structure is out of line.

But what of the second-order effects? Chewing gum sales have lost 15% of their volume since the introduction of automated checkouts in the US. The checkouts have disrupted the business model of impulse purchases. People do not drive to the supermarket to buy chewing gum, but when you used to stand in those checkout lines, you would pick up some chewing gum. I think mobile phones have had a bit to do with it too, because you now do other things when you’re standing there.

.. In 1999, at the peak of the technology bubble, Warren Buffett was asked by a group of students why he doesn’t invest in technology. He said he could not predict where the internet was going but investing in a business like Wrigley will not be disrupted by technology. And look what’s happened. Wrigley sales had gone up for 50 years, every year, before this change happened.







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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: triage  
 
nipper
post Posted: Nov 1 2017, 01:13 PM
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Science-Driven Innovation Can Reduce Wind Energy Costs by 50% by 2030

https://www.nrel.gov/news/program/2017/scie...nt-by-2030.html

QUOTE
With science driving wind-technology innovations, the unsubsidized cost of wind energy could drop to 50% of current levels, equivalent to $23 per megawatt-hour, by 2030, according to a report released by the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL).
(don't forget the DoE has a Republican chair)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 14 2017, 02:13 PM
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The Seven Deadly Sins of AI Predictions
QUOTE
A lot of AI researchers and pundits imagine that the world is already digital, and that simply introducing new AI systems will immediately trickle down to operational changes in the field, in the supply chain, on the factory floor, in the design of products.

Nothing could be further from the truth. Almost all innovations in robotics and AI take far, far, longer to be really widely deployed than people in the field and outside the field imagined.

Rodney Brooks is a former director of the Computer Science and Artificial Intelligence Laboratory at MIT and a founder of Rethink Robotics and iRobot

https://www.technologyreview.com/s/609048/t...ai-predictions/



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Sep 27 2017, 02:26 PM
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AI for Energy: A Huge Opportunity, but Still Early Days
AES and others are actively exploring how artificial intelligence can improve the electricity system.

by Katie Fehrenbacher
September 26, 2017
https://www.greentechmedia.com/articles/rea...days#gs.di7scBk



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Sep 15 2017, 11:47 AM
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QUOTE
Government stumbles out of the innovation slow lane with crowdfunding

You may have missed the news on Thursday that the government has introduced new equity crowdfunding legislation, which will enable businesses of all sizes (but mainly start-ups,) to raise funds off a multitude of investors via specialised online platforms.

It is the kind of news that would have been unveiled with a great deal of fanfare a couple of years ago, when Prime Minister Malcolm Turnbull was spending $14.9 million to promote an "Ideas Boom" that attempted to bring the country along for a ride on his Innovation Agenda.

But these days the reality of tech-led innovation is treated very much like an embarrassing nuisance by a government that has retreated dramatically from its progressive tendencies.

The new laws will update and replace a half-baked initial plan from March, which excluded a huge proportion of the organisations that would want to use it, by insisting that only public companies could apply....

Read more: http://www.afr.com/technology/government-s...6#ixzz4shxCaf1G




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Aug 9 2017, 07:27 PM
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Posts: 6,791
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The 'digital mine' is here as technology gallops ahead
ABC Rural
By Babs McHugh
Posted about 3 hours ago
extract
QUOTE
The so-called 'digital mine' is no longer a future prospect.

It is already well and truly a fixture of the Australian mining landscape, and operators large and small, from front-end mining companies to the service industries, are a vital cog in the extractive industries supply chain.

The mining and resources sectors have undergone more change in the past 10 years than in the past 100 years.

Terms such as real-time data capture, automation and autonomous vehicles, wearable technologies and digital-twinning are part of the mining and METS sector lexicon in the 21st century.

But as Australian mining races to be at the forefront of a global trend, there are concerns about not only workforce availability and skill sets, but the traditional approach to tertiary education that is not necessarily geared towards the requirements of modern mining needs and practices.

What is the 'digital mine'?

see link for full details including video of the Airobotics drone demonstration
http://www.abc.net.au/news/rural/2017-08-0...way-now/8786194



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Jul 21 2017, 12:10 AM
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Some interesting Infographic from Visualcapitalist looking into the future blink.gif

QUOTE
A Timeline of Future Technology

Making predictions about future technology is both fun and notoriously difficult.

However, such predictions also serve a very practical purpose for investors and business leaders, since failing to adapt to changing industry paradigms can completely decimate a business venture, turning it into the next Blockbuster, Kodak, or Sears.

Today’s infographic from Futurism rounds up some of the most interesting predictions about the future, from trusted sources such as Scientific American and The National Academy of Sciences.


http://www.visualcapitalist.com/timeline-future-technology/

QUOTE
MACHINES, BIG AND SMALL

The confluence of robotics, artificial intelligence, and increasing levels of automation is a prevailing trend throughout the projected timeline of future technology.

In less than 10 years, we will be able to control machines based on eye movements, while ingesting nano-sized robots to repair injuries from within our bodies. Later on, it’s also expected that the next wave of AI will be a reality: by 2036, predictive AI will be able to predict the near-future with impressive precision. Elections, weather, geopolitical events, and other dynamic systems will be analyzed in real-time using thousands or millions of data streams.

Even further down the line, human brains and machines will be continue to become closer to interfacing directly, creating all kinds of possibilities.


http://www.visualcapitalist.com/visualizin...ost-automation/

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THE ENERGY REVOLUTION CONTINUES

If you think the current progress in clean energy is exciting – wait until you see the technologies in the queue.

The future of battery technology will include carbon-breathing batteries that turn CO2 into generate electricity, as well as diamond-based “nuclear batteries” that run off of nuclear waste.

Meanwhile, solar power will be even cheaper as cells operate at near 100% efficiency, and commercial fusion power will be available by 2044. Climate change will also be tackled by interesting techniques, such as geoengineering with calcite aerosols, and carbon sequestration.


http://www.visualcapitalist.com/future-battery-technology/

QUOTE
MORE ON FUTURE TECHNOLOGY

Want to see more bold predictions about the future of technology?

Check out the future of alternative energy, the military, or the futuristic tech that could be inside your home.

Lastly, check out some very speculative predictions about what the world could look like, 100 years from now


http://www.visualcapitalist.com/alternativ...sources-future/

http://www.visualcapitalist.com/future-of-...ary-technology/

http://www.visualcapitalist.com/interactiv...side-next-home/

http://www.visualcapitalist.com/prediction...0-years-future/




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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