As such, they are simultaneously transparent and secure without the need for a central controlling entity. It is a decentralized ledger of records that are secured using cryptography. The now-common big-tech controversies are a constant reminder of these problems.īlockchain technology promises to change that. Facilitated by a lagging legal framework this has jeopardized pillars of our society like privacy, authority, and information reliability. The growth of these companies led to the consolidation of huge amounts of information into privately controlled centralized systems. They helped us transition to the digital age and transform the way we live our daily lives. The past two decades witnessed a rise in powerful corporations that built world-changing products and services. What defines human nature and our role in a society where machines can substitute us for most of our activities? But there are also deeper philosophical questions. Massive job losses may lead to wide financial problems and social instability. Lifestyle changes may disrupt our daily routines and large parts of our activities. The benefits of these technologies can be multi-dimensional but their impact could also fundamentally shake society. When combined with AI, it can create machines that can not only make calculations and decisions but also act on them just like us humans. Robotics allows machines to interact with the physical world. AI is powerful but confined within a computer. AI systems can calculate driving directions, come up with new inventions, play video games like humans, manage entire cities, diagnose diseases, create new drugs, find hidden patterns in data, and much more. In the past years, they have both experienced accelerating growth and in the new decade, their impact in our life is going to be far-reaching.ĪI gives computers the attribute of intelligence - it is the brains in the machine. One of the most significant developments of our time is in the fields of artificial intelligence and robotics. There are some key technologies that are set to dominate the new decade and it will be interesting to see how their impact unfolds. This can lead to unforeseen side effects and to outcomes that fall short of their initial lofty promise.Įvery technology can come with its own set of boons and curses. As it evolves faster, it becomes more challenging for humanity to adapt to the changes. At the same time, it becomes more and more obvious that technology can be a double-edged sword. In recent decades the pace of progress has accelerated leading to many important breakthroughs. Technology has influenced our course and revolutionized the way we work and live in a persistent manner. Our human civilization has been built on the foundation of consistent scientific and technological progress.
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February 2023
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