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But we need to control it!
In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide.
Within just a few years, their business model disappeared.
Recently, I’ve been impressed by a vision of the future as shared by serial entrepreneur and CEO Udo Gollub. He has noted that what happened to Kodak will happen to many industries in the next 10 years. But most don’t see it coming. Did you think, in 1998, that 3 years later you would never take pictures on film or paper again?
Digital cameras were invented in 1975. The first models had only 10,000 pixels of image resolution, but followed Moore’s law (like transistors, we’ve doubled the number of pixels per square inch every year). Similar to many exponentially growing technologies, it was a disappointment for a long time, but grew progressively more superior and went mainstream in only a few short years.
Welcome to the 4th Industrial Revolution. Welcome to the Exponential Age.
Software will disrupt most traditional industries. Uber, for example, is just a software tool. They don’t own cars, but are now the biggest taxi company in the world. Airbnb is now the biggest hotel company in the world, although they don’t own any properties.
And then there’s Artificial Intelligence. Computers are becoming exponentially better at understanding the world. In 2016, a computer Article source: https://www.forbes.com/sites/rodnturner/2017/04/19/entrepreneurs-how-to-define-your-future-in-the-exponential-age/