Why Innovation Isn't Dead: A Look at Our Technology Future
There is a lot of pessimism about the future. Some people argue that, other than advances in computer-related fields, technological progress has actually stalled: the internal-combustion engine, invented in 1876, still rules our highways; the cancer death rate has barely changed since 1971; today’s Internet was actually designed in the 1960s. There are fears that world wars will break out over water and energy shortages and that our standards of living will fall.
These perceptions couldn’t be further from the truth.
Vivek Wadhwa will discuss why he believes that this will be the most innovative decade in human history. He will explain how exponentially advancing technologies—in fields such as robotics, A.I., computing, synthetic biology, 3D printing, medicine, and nanomaterials—will enable us to start solving humanity’s grand challenges.
These technologies will disrupt entire industries, provide opportunities to create new ones, and help solve humanity’s grand challenges. For example:
These advances aren’t going to come from governments and large research labs but from small groups of motivated people. Wadhwa will give you a tour of the Star Trek future
Disrupted Industries and Trillion-Dollar Opportunities
Not long ago, you could see your competition coming. Management guru Clayton Christensen coined the term “disruptive innovation” to describe how competition worked: a new entrant attacked a market leader by launching low-end, low-priced products and then relentlessly improving them. Now Christensen’s frameworks have themselves been disrupted—because you can no longer see the competition coming. Technologies are no longer progressing in a predictable linear fashion, but are advancing exponentially and converging. Fields such as computing, medicine, artificial intelligence, 3D printing, robotics, nanomaterials, and synthetic biology are advancing simultaneously, and combining these allows one industry to rapidly disrupt another—before market leaders even know what has hit them.
Practically every industry will be disrupted over the next few years, including finance, insurance, health care, manufacturing, transportation, education, I.T. services, and communications. Very few of today’s Fortune 500 companies will be on that list by the early 2020s. They will go the way of Blockbuster, Kodak, RIM, Compaq, and Nokia.
This is not all bad news, because disruption creates opportunities. New industries will emerge, and companies that lead the change will have the trillion-dollar market capitalizations. Business executives need to understand that:
Businesses must learn the new rules of the innovation game and transform their employees into intrapreneurs who think—and act—like the Silicon Valley entrepreneurs who are gunning for Goliath.
Vivek Wadhwa will teach the basics of exponential technologies and convergence, provide examples of the disruptions that are under way in several industries, discuss the new rules of the innovation game, and challenge his audience members to think like today’s technology entrepreneurs—and to build the new billion-dollar businesses within their companies.
How America is Reinventing Itself and Innovation is Globalizing
A common belief is that the sun is setting on the U.S. empire and that China is about to leapfrog the U.S. in economic terms—and in innovation. In addition to economic disadvantages, naysayers have long cited graduation data purporting to show that the U.S. is falling behind in mathematics and science education and have predicted that the U.S. will lose it global advantage because China and India graduate more engineers than does the U.S. China, India, and the rest of the world are now innovating as never before. But it isn’t their governments or education systems that are giving them the advantage—it is their nascent entrepreneurs. They are leading the way in innovation and helping the countries transform themselves. And contrary to popular belief, America is getting further ahead in innovation, it isn’t lagging. The U.S. is reinventing itself, just as it does every 30 or 40 years.
In this talk, Vivek Wadhwa will explain how exponential technologies are about to cause major disruption in several U.S. industries—but they will wreak havoc on the economies of countries such as China and Russia and the Middle East. That is because manufacturing is once again becoming a local industry and is coming back to the U.S., thanks to robotics and 3D printing; because energy prices, which fell temporarily because of fracking, will fall permanently because of advances in alternative, clean energies such as solar, wind, and geothermal; and because advances in artificial intelligence and computing are automating knowledge work.
Some countries will win in a big way and others will lose. Wadhwa will discuss his research on education and innovation in countries such as India and China and put this in the context of today’s exponential technology advances. He will discuss the opportunities and perils for countries that these technologies are introducing.
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Vivek Wadhwa Articles
Vivek Wadhwa is a prolific writer and contributor to The Washington Post and other media. Read his columns and follow his exceptional and researched insights to stay ahead of disruption.Find his articles here > >
Technology is creating the most exciting innovations the world has ever seen. It is also causing anxiety about our future. Navigating technological change at light speed is much harder if you don't have a trusted Sherpa to be your guide. Vivek Wadhwa has become a globally respected voice on advancing technologies and innovation.
Vivek's background is impressive -- an Entrepreneur, Academic, Author, Keynote Speaker wrapped into a wonderfully vibrant and charismatic package. His research is focused on the critical advances in robotics, artificial intelligence, computing, synthetic biology, 3D printing, medicine, and nanomaterials, and how these advances are creating disruptive changes for companies, industries, governments and the culture at large.
A Distinguished Fellow at Carnegie Mellon University's College of Engineering, he teaches on CMU's Silicon Valley campus about the latest exponential technologies; technology convergence and industry disruption; risks and regulation; and the new rules of innovation. Vivek was also a Director of Research at Duke University's Pratt School of Engineering, Vice President of Innovation and Research at Singularity University, and Fellow at Stanford University's Rock Center for Corporate Governance, Harvard Law School, and Emory University. Remarkably, he has held as many as six simultaneous appointments at top universities.
Vivek's syndicated column for The Washington Post is one of the world's most popular columns on all things technology and innovation. In addition to his newest book, The Driver in the Driverless Car: How Our Technology Choices Will Create the Future, he also wrote The Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent, which was named by The Economist as a Book of the Year of 2012, and Innovating Women: The Changing Face of Technology, for which the Financial Times named him #2 on its global list of the top ten men worth emulating.
This talent for communicating the complexities of global technological advancements in simple, almost poetic ways have made Vivek one of the most in demand keynote speakers in the world. He gives more than 100 talks every year to the most prestigious and powerful audiences, including world leaders, CEOs, industry organizations, universities, entrepreneurship groups, and a multitude of national science and engineering academies.
He started his career as a software developer and gained a deep understanding of the challenges in building computer systems. His experience as Vice President of Information Services at investment banking powerhouse CS First Boston (CSFB), spearheading the development of technology for creating computer-aided software-writing systems, was so successful that CSFB decided to spin off that business unit into its own company, Seer Technologies. As its Executive Vice President and Chief Technology Officer, Wadhwa helped grow the nascent startup into a $118 million publicly traded company.
The explosive growth of the Internet afforded Vivek with an even greater opportunity to help businesses adapt to new and fast-changing technologies, and founded Relativity Technologies. As a result of his vision, Forbes.com named Wadhwa a Leader of Tomorrow, and Fortune declared Relativity one of the 25 coolest companies in the world.
In 2012, the U.S. Government awarded Wadhwa distinguished recognition as an "Outstanding American by Choice", for his "commitment to this country and to the common civic values that unite us as Americans". He was also named one of the world's "Top 100 Global Thinkers" by Foreign Policy magazine in that year; in June 2013, he was on TIME's list of "Tech 40", one of forty of the most influential minds in tech; and in September 2015, he was second on a list of "ten men worth emulating" in the Financial Times.