311 Institute - The Future of Insurance 2020 &Beyond
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MACHINE SYSTEMS<br />
ACHINE SYSTEMS is arguably today’s most<br />
powerful technology category, and its power has<br />
Mbeen significantly multiplied by the emergence and<br />
adoption <strong>of</strong> new cloud computing services and the network<br />
effect. As new technologies, such as Artificial Intelligence<br />
(AI), Blockchain and Quantum Computers are <strong>amp</strong>ed up at<br />
the center <strong>of</strong> the cloud everyone with an internet connection<br />
and a modicum <strong>of</strong> skill has access to technologies that even a<br />
decade ago were beyond even the most optimistic individuals<br />
wildest dreams. And we are just at the beginning.<br />
Indeed, not a day goes by now when there isn’t news <strong>of</strong> a<br />
significant breakthrough or development, whether that’s news<br />
<strong>of</strong> AI’s building new AI’s, AI’s that can code and design their<br />
own programs, and create their own secret languages, or<br />
new advances that put human skills and capabilities in the<br />
shade, such as their ability to learn new skills without being<br />
specifically trained, as well as their ability to understand and<br />
translate natural language conversations into over a hundred<br />
alternative languages at better than human levels <strong>of</strong> accuracy,<br />
and outperform the world’s best doctors and investors,<br />
create, operate and scale fully autonomous multi-national<br />
organisations, and much more.<br />
Suffice to say, the advances in this sector are too numerous for<br />
these scant pages, and by the time I’d written a book covering<br />
them it’d be out <strong>of</strong> date.<br />
Today this category is being driven, primarily, by advances<br />
in ten significant and ascending technology fields, namely<br />
Artificial Intelligence, specifically in the areas <strong>of</strong> Cognitive<br />
Computing, Deep Learning, Machine Learning and Machine<br />
Vision, Blockchain, which is starting to slowly find its way into<br />
production systems, Fog Computing, Micromotes, Quantum<br />
Computing and Swarm Intelligence.<br />
In this category there are eighteen significant emerging<br />
technologies:<br />
1. 3D Chips<br />
2. Artificial Intelligence<br />
3. Blockchain<br />
4. Chemical Computing<br />
5. Cognitive Computing<br />
6. Deep Learning<br />
7. DNA Computing Systems<br />
8. Fog Computing<br />
9. Machine Learning<br />
10. Machine Vision<br />
11. Memresistor<br />
12. Micromotes<br />
13. Neuromorphic Chips<br />
14. Optical Computing<br />
15. Quantum Computing<br />
16. Reconfigurable Electronics<br />
17. Sentient S<strong>of</strong>tware<br />
18. Swarm Intelligence<br />
Primary global development areas:
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