...by Daniel Szego
"On a long enough timeline we will all become Satoshi Nakamoto.."
Daniel Szego

Sunday, April 3, 2016

The four horsemen of the IT (R)evolution

"Forget offshoring or near-shoring, machines and algorithms'r gonna be always cheaper...."

1.  TAXING Systems: The taxing systems actually punish pretty much the live work comparing to the capital gain. On the other hand there is no such "taxing" punishment for the industrial achievements. It Implies that software, machines, computers and algorithms will be always much cheaper than having live labor force and due to the taxing system and capitalistic competition, these solutions will be preferred.  

2. AUTOMATION and Robotisation: Every physical work that can be done by machines will be done by machines. Considering the current trends, automation, robotisation and internet of things, it can be pretty much.

3.  ARTIFICIAL Intelligence: Artificial intelligence has been evolving from decade and actually till this point we did not reach the level that can be seen in the science fiction movies. Despite there is a huge development, the go world champion has been beaten from algorithms, a digital assistant called Cortana is installed on each mobile device and AI support getting to be part of our daily life. It is of course questionable what can be exactly automatized, but it is sure everything that can be covered by AI algorithms will be covered by  AI algorithms.

4. THE Blockchain: The previous trends will be summarized by difference manifestations of the blockchain that enables automatic cache-flow systems, practically automatic companies or corporations, running hundred percent without humans.