Right now, we’re still processing the 2016 US Presidential election, and focusing on blue-collar job losses that led to Trump’s victory.
But the truth is, within the next election cycle or two, we will see the pain being felt not only by blue-collar workers, but also white-collar folks.
Inequality: Technology & Automation: In the 30-50 year timeframe and beyond, technology and automation will create tremendous disruption. 60-80% of ALL jobs will, likely, get automated.
We hear a lot about deep learning algorithms and their applications on very large data sets. This interview delves into a company and its customer base that works in that area.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to the company.
Jack Porter: I’m the CEO of Razorthink. We provide a specific segment of artificial intelligence called machine super intelligence, which is the intersection of advanced deep learning and high-performance computing. Our customers are some of the largest customers in the world. We sit on top of their big data stack and we track patterns. >>>
India’s development over the last two decades owes a lot to globalization and IT outsourcing from the West.
Today, the Indian IT-BPO industry employs 3.7 million people.
A large portion of this is relatively low skilled, or at least mid-range skilled positions.
Artificial Intelligence, it seems, will deliver on its promise on many vectors. Low-skilled tasks that can be automated WILL be automated. This will start showing impact relatively soon. Some analysts like HfS research have projected a job loss of 640,000 by 2021.
Virtual Marketing Assistant sounds like a dream. Signpost is making it real. This is a great story about a very promising company.
Sramana Mitra: Let’s start with introducing our audience to Signpost. What do you do? What kind of customers do you work with? What trends do you align with?
Stuart Wall: Signpost is an artificial intelligent CRM. The idea is that tools like Salesforce provide a very important function, i.e. how can companies keep track of their customers and prospective customers. The problem is a lot of marketing technology, including that of Salesforce, is way too hard to use. It’s difficult to set up and is very manual. >>>
According to a MarketsandMarkets report, the global artificial intelligence (AI) market is estimated to grow at 53.65% annually from $419.7 million in 2014 to $5.05 billion by 2020. The growth in the industry is attributed to the deployment of AI technologies in retail, finance, and healthcare sectors. IBM (NYSE: IBM) is targeting this high growth market with added focus on Watson through acquisitions and strategic tie-ups.
According to a report by Digi-Capital, the augmented and virtual reality market is estimated to grow to $120 billion by the year 2020, compared with the forecast of less than $10 billion in 2016. In 2020, virtual reality (VR) is expected to account for $30 billion of the market while augmented reality (AR) will account for the remaining $90 billion. Billion Dollar Unicorn player Blippar is focused on making a mark in this high growth industry.