How do we prepare for the rise of Artificial Intelligence?

At the recent Davos 2017, Klaus Schwab, the founder of the World Economic Forum in conversation with Sergey Brin, co-Founder of Alphabet Google, described his book the 4th Industrial Revolution (1) published just a year ago, as rapidly evolving with the rise of artificial intelligence (2). While this revolution in fusion of physical, digital, and biological worlds from 3D printing, additive manufacturing, and net shape processing to nanotechnology, bioengineering to deep neural networks were. Underpinned by hyperscaling of infrastructure and advances in consumerization and embedding technology. Most commentators and governments are looking at the positive and negative consequences of these changes both in terms of direct human work impact and indirect associated activity that may be impact from automation and a society with AI.

While this next fourth industrial revolution had described AI as one of many shifts in decision-making it has become rapidly apparent that its pervasiveness into potential. Andrew Ng recently said there was little if any industry that could not be impact by AI in some form (3),(4) and described “AI was the new electricity”. Yet in this popular culture AI and new terms have been overblown in their relation to practitioner reality today. But conversely, the potential change in employment, productivity and automation brought about by algorithms and robotics is real and present transforming connected things, security and privacy to social and economic wellbeing through a rise in machine intelligence driven transformation.

• How do we see past the Hollywood myths of the rise of machine intelligence?

• What are the key practical terminology and meanings behind concepts of Intelligence, Artificial Intelligence, and reasoning?

• How are industries that are emerging as first impacts in AI seeing its impact in greater insights, new experience and potential?

• What are the future consequences of this new race in intelligence?

Revolutions

The early revolutions of Industry, agrarian, political and social dislocations that started in the West and East at different times is now a global phenomenon. Has the Adam Smith (6) economics of the 18th century that defined the basis of the wealth of Nations as economic wellbeing now needs to change to account for new value as parts of society, aging populations, and increasing limitations of global resources, pollution and greenhouse gases create new challenges?

AI can change the dynamics of demand and supply cost, profit, and equity sharing through automation but it also changes experience and the role of humans. How will it create new jobs is also mixed with the social balance of equality in which the value of work is distributed differently. Pursuing laissez-faire economic policies with minimal intervention on people’s rights and wellbeing will change as the very mechanisms of wealth creation and sharing are integrated and even controlled by machine automation.

Forthcoming book: The Fourth Industrial Revolution: An Executive Guide to Intelligent Systems , 2017 Palgrave Macmillan. Professor Mark Skilton, Dr Felix Hovespian.

Prof. Mark Skilton

Professor of Practice, Information Systems and Management, Warwick Business School, University of Warwick Global Head of Digital Strategy Center of Excellence , Enzen.

I am a +30 Experienced Professional Consultant with a track record in top 1000 Companies in over 20 countries and across multi public, private and start-up sectors. I've direct Industrial experience of commercial practice leadership, boardroom and investor strategy to program team and transformation management at scale. I'm a recognized International thought leader in Digital, company strategy, Telecoms, Digital markets and M&A strategies, CxO practices and Author of books and International papers. My work and views have been published in the FT, NYT, WSJ, Washington Post, Bloomberg, AP, Mail, NewScientist, Nature, Scientific American and many channels around the world, TV and Radio including BBC, Sky, ITV, Al Jazeera and many others, I support Warwick with Industrial Best Practice in my interests and expertise areas. I am also currently Head of Digital Strategy for Enzen Global, a leading Energy & Utilities premium international consultancy. For further details please contact me or follow me on Twitter @mskilton or Facebook and LinkedIn.

Email: Mark.Skilton@WBS.ac.uk, Twitter: @mskilton Mobile: +447766148432

Personal Blog : www.markskilton.com, LinkedIn: https://uk.linkedin.com/in/markskilton1

Dr. Felix Hovsepian

I am a consulting CTO and a mentor. I have a solid academic background in mathematics, systems engineering with a PhD in Computer Science (Computational Intelligence). At the start of my academic career, I spent 4+ years undertaking research in AI and Automated Reasoning, then almost 10 years as a Professor of Informatics. In terms of software & systems development, I have designed and built enterprise-level imaging systems for multi-national engineering companies, x-ray imaging systems for dentists, a fingerprint recognition system and various flavors of eLearning systems.

Email: felix@bluemanifold.com Twitter: @bluemanifold

Mobile: +447926818236 LinkedIn: www.linkedin.com/in/felixhovsepian

1. Klaus Schwab, The 4th Industrial Revolution, World Economic Forum, 2016 ISBN-13 978-1-944835-00-2

2. The future of AI and google 2017 , Davos 2016 https://www.youtube.com/watch?v=jBLN1UJbiyw&feature=youtu.be&a

3. Dr Andrew Ng, VP & Chief Scientist of Baidu; Co-Chairman and Co-Founder of Coursera; and an Adjunct Professor at Stanford University

4. Andrew Ng: Artificial Intelligence is the New Electricity, January 25 2017. Standford MSx Future Forum https://www.youtube.com/watch?v=21EiKfQYZXc&feature=youtu.be&a

5. Should Baidu be your AI and machine learning platform?, Dec 1, 2016, ZDnet, http://www.zdnet.com/article/should-baidu-be-your-ai-and-machine-learning-platform/

6. Adam Smith: The Father of Economics, Sept 7 2016 , Investopedia http://www.investopedia.com/updates/adam-smith-economics/

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