Podcast ¦ RO-AR.com: Forecasting the Future Assessing new Technologies

Key Take Aways

1. Be Curious: Engaging with thought leaders and exploring the latest technologies can help identify emerging trends early.
2. Celebrate Wins: Recognizing and celebrating incremental innovations, such as developments in quantum computing, is essential for motivating progress.
3. Balance Horizons: Companies should focus on all three horizons of innovation: incremental improvements, the introduction of new technologies, and disruptive innovations.
4. Use AI Strategically: The emphasis may shift to smaller, customized AI models that operate on-premises to enhance productivity without sharing sensitive data.
5. AI Governance: Establishing a governance framework for managing AI technologies is critical for organizations, especially in regulated industries like finance.
6. Combine Technology: The intersection of various technologies, such as AI and quantum computing, can lead to groundbreaking innovations and applications in many fields.
7. Future Implications: The future of AI, quantum computing, and the space economy are areas to watch for significant impacts in the next decade.
8. Addressing AI Fatigue: While AI has faced some backlash, its potential to revolutionize workflows is just beginning to be realized; ongoing education is vital.
9. Technological Complexity: Companies need to manage the complexity arising from multiple AI systems, creating a centralized oversight structure to ensure coherence and efficiency.
10. Human Ingenuity: The creativity of individuals in applying technologies collectively drives advancements in various sectors.
11. Environmental Considerations: Advanced technologies such as quantum computing could significantly reduce energy consumption in industries like agriculture.
12. Opportunities in Space Economy: A growing focus on the space economy presents unique opportunities for innovation and resource utilization beyond Earth.

Key Statistics

• Approximately 1.2 to 1.5% of the world’s energy is used to create ammonia, primarily for fertilizer production.

Key Discussion Points

• The need for ongoing curiosity and interaction with tech leaders to stay ahead of trends.
• Importance of celebrating incremental wins in innovation forward movement.
• The three horizons of innovation explained: incremental, new technology, and disruptive.
• Upcoming advancements in quantum computing and their expected impacts.
• The role of AI in revolutionizing productivity through personalized models.
• The necessity of AI governance amidst increasing complexity in technology integration.
• Exploring the synergy between diverse technologies for transformative solutions.
• Addressing the prevalent AI fatigue and focusing on practical applications of technology.
• The significance of human creativity in realizing new opportunities through technology.
• The potential environmental benefits of utilizing quantum technologies.
• The emergence of the space economy as a new frontier for innovation.
• The rapid pace of technological advancement and its implications for various industries.

Podcast Description

This podcast features an insightful conversation with Steve Suarez, CEO of Horizon X Consulting, as he explores the future of technology trends, particularly in AI and quantum computing. Steve shares his expertise on recognizing emerging innovations, discusses the importance of curiosity and active engagement with thought leaders, and examines the potential impacts of these trends across industries, especially financial services. The discussion delves into the necessity for effective AI governance, the role of human creativity in technological advancements, and the exciting opportunities presented by the evolving space economy. Tune in to gain valuable perspectives on how to navigate the complexities of innovation in today’s fast-paced technological landscape.