The Next Tech Boom

I-Robot's New Remote Dr. Robot

I-Robot’s New Remote Dr. Robot

Not only has the tech sector been relatively recession proof, but the next monster tech wave is on its way. There are a number of trends coinciding that should give the tech sector, yet, another boost. While this is good for Silicon Valley and the other tech hubs, it doesn’t necessarily mean that it’s a signal of health in the economy but rather a shifting of efficiencies. The next boom will continue to sharpen the stark contrasts between unskilled and highly specialized elements of the labor force.

I-Robot’s  Remote Dr. Robot
health care costs,  higher tax rates, reductions in across-the-board government spending, expanded oversight and federal regulation all create fertile ground for squeezing even more efficiencies out of every corner of the economy. And those efficiencies are going to come from productivity gains from the tech sector. At the root of it is tech’s deeper reach into automation and ability to cut overhead by getting more humans out of the loop or multiply the efforts of humans who are in short supply, such as Long Island Jewish Medical’s Center’s use of a mobile tele-robot to make doctor visits when the doctor is away from the hospital. More hospitals are turning to advanced robotics for pharmaceutical inventory control and data management, as well as basic functions for monitoring patient care. Mobile apps connected to telematics applications are eliminating city parking meters and allowing remote monitoring of parking spaces. Small satellite imaging from space is creating mountains of data that can now be used for monitoring crops, writing home insurance policies, and monitoring pipelines. As the economy bumps along into 2014, the next wave of worker automation is likely going to build momentum. As technology keeps reaching down and eating more layers of the workforce, it becomes apparent that the workforce will be sharply divided between no tech and high-tech. Workers with only rudimentary technical skill sets are a target for automation. Technologies that have been in the pipeline and not quite ready for prime time will be dressed up and sent to market. Think PRODUCTIVITY. The next tech boom will be enabled by expansion of enhanced broadband and smart sensor applications with back end “big data” functionality. Both Silicon Valley and retail got a boost from automation in the 90’s by inventory control tagging and software. Next generation advanced will draw the product and consumer even closer and reduce even more humans and middlemen. RFID and Near Field communication (NFC) have had mixed results in bringing drive through check-out to carts full of groceries in the U.S. But next generation automation has a stronger wave behind it, as more earnings pressures befall major industries. Improvement in security, sensitivity, and performance of short range radio frequency chips, like Near Field and RFID will usher in another mass adoption, as wireless broadband expands and M2M (machine to machine) proliferates. Retail, healthcare, automotive, banking, and energy are examples of a few sectors that will be pressured by deeper automation due to cost and regulatory impacts.
Here‘s a list of just a few of the technologies that we believe will help heat up the next tech boom.
There are a lot more companies that will benefit from the coming wave. For a more detailed analysis, contact us at: TD

Copyright Trends Digest 2016

“Big Data” for Small Organizations — Coming Soon…

landsat imageHave you heard the words “big data” tossed around like a football during Super Bowl season? The idea of “big data” is really about using powerful processing algorithms to link lots of disparate pieces of information and then string them all together into a big picture. Right now federal law enforcement agencies like DEA and the FBI have powerful databases and data mining toolsets that can link all sorts of data repositories, such as satellite images, vehicle ownership, federal, state, local, and many other data banks and create assumptions based on analytical associations. IBM has been on the forefront of this business for a long time and has spent many years developing semantic research and continually improving the art of data mining. Several very important technology trends are beginning to intersect that will change how, where, and how fast we can move data: 1) High performance computing speeds of processing power will soon be available to everyone via cloud computing; 2) Powerful data mining tools made to interact with high speed processing are moving at a fast clip; 3) Cognitive computing analytical tools (artificial intelligence that can think and make associations like a human) are one of the tech by-products of the War on Terror; 4) Advanced broadband that can stream data back to the end user is on its way via LTE; and 5) New business models that move software away from the “per server” model to hosted “per user” applications in the cloud will soon be the new norm. Many people watched the “intellect” of computing as IBM’s Watson, the computer, played Jeopardy.

The marriage of big data with artificial intelligence and cognitive capabilities has massive implications for public safety and society. Over the next decade, technologies will likely rapidly disseminate and enhance advanced data sharing among local, state, and federal public safety organizations as cost models continue to scale and broadband availability and cloud computing bring applications closer to the user. It’s going to be a very different world!

Copyright Trends Digest 2013 – All rights reserved

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