- Thursday, November 03, 9:00 AM - 9:45 AM
It is widely recognized that global growth opportunities for the next several decades will be in Latin America, Southeast Asia and Africa. Africa is expected to account for more than half of the world’s population growth between 2015 and 2050. The population of Nigeria is projected to surpass that of the U.S. by about 2050, at which point it would become the third most populous country in the world.
Developing economies need infrastructure: power, water, agriculture, transportation, construction, healthcare and telecommunications. Will this infrastructure be built the 20th century way? Or, as we’ve already seen in China, will developing economies leapfrog and move to 21st century cellular technology and never use 20th century landlines?
This talk will first describe a simple framework for IoT, which can be used by both software developers and business people. Next we’ll discuss the three business model implications to enterprises that build machines, e.g. wind turbines, gene sequencers, scissor lifts or combine harvesters. Finally, we’ll cover the benefits of those precision machines on the fundamental infrastructure for the planet: power, water, construction agriculture, transportation and healthcare.
The machines of the future are going to be composed of sophisticated sensors, powerful software and a range of actuators. New features in these machines will arrive with a simple software release. Just look at a Tesla to see an early example. By connecting these machines to the cloud we’ll be able to apply advanced artificial intelligence that today helps Facebook recognize people or Google to beat the best Go player, to the challenges of providing the essential backbone services for the planet. Software truly has the potential to change the world.