Future Today Institute's 2020 tech trends report

Key takeaways of this report:

  • Welcome to the Synthetic Decade.
  • You’ll soon have augmented hearing and sight.
  • A.I.-as-a-Service and Data-as-a-Service will reshape business.
  • China has created a new world order.
  • Home and office automation is nearing the mainstream.
  • Everyone alive today is being scored.
  • We’ve traded FOMO for abject fear.
  • It’s the end of forgetting.
  • Our new trust economy is being formed.

 

Why law librarians are so important in a data-driven world — from Oxford University Press (blog.oup.com) by Femi Cadmus

Excerpt (emphasis DSC):

Looking ahead, the integration of technology in the work of law librarians will only increase. Over 90% of government law library employees say that artificial intelligence or machine learning has already affected their workflow by automating routine tasks. Over a quarter of law firms or corporations now have at least one active artificial intelligence initiative. Of those, more than half involve the library. It is therefore not surprising that the skills law library employees plan to develop in the next two years include artificial intelligence or machine learning, data analytics, and blockchain (in that order).

 
 

ACE receives ED funds to explore blockchain’s potential — from campustechnology.com by Rhea Kelly

Excerpt:

“This work is about exploring the potential of blockchain technology to give learners greater control over their educational records,” said Ted Mitchell, president of ACE, in a statement. “It’s about enabling more seamless transitions between and across K-12, higher education and the workforce. This initiative will explore how this nascent technology can break down barriers for opportunity seekers to fully unlock their learning and achievement.”

 

Deloitte Legal to work with academic tech venture group — from artificiallawyer.com

Excerpt:

Deloitte Legal is to collaborate with Conception X, a nine-month programme designed to train PhD students in technology entrepreneurship and to support them in building ventures based on their original research during their degree.

Conception X accepts applications across several research areas including artificial intelligence, machine learning, genetic engineering, blockchain and quantum computing. The first two cohorts, prior to the link-up with Deloitte, have seen the start-ups incorporated by PhD teams collectively raising a total of £5m and generating revenues of £2m.

 

 

How Blockchain’s ‘paradigm shift’ puts more pressure on legal’s tech evolution — from law.com by Rhys Dipshan
As part of the Legalweek 2020 Q&A series, Legaltech News speaks with blockchain researcher and entrepreneur Bettina Warburg on blockchain’s potential disruption in the legal space, what attorneys most misunderstand about the technology, and more.

Excerpt:

Artificial intelligence may still take up much of spotlight these days, but it’s far from the only technology that can fundamentally alter how the legal industry, and the broader economy, operates.

Blockchain technology, for instance, has wide-reaching consequences for record keeping, contracting, data governance and identity management. And beyond that, it may even change how the digital economy functions and work as underlying driver for integrated, autonomously running machines. What all this means for attorneys is that specialization, technical skills, and more technology knowledge will likely become even more important than it is today.

We are not just in the days of Bitcoin, where one user transfers bitcoin to another user’s account. Instead, blockchain should be understood as part of an evolution toward a third generation Web (called Web3) that provides us with virtual machines that are stateful.

Web3 will be the basis of our transition from a digital economy to a decentralized economy. The economic opportunities of the decentralized economy can include wholly new business models: everything from fractionalized ownership and rights to assets that are secured digitally, to new kinds of verifiable and unique assets (such as virtual world avatars), to the ability for machines to transact with one another autonomously. A stateful virtual machine essentially allows us to have a shared verified reality upon which to transact digitally.

While it may sound futuristic, it is also the most obvious use for a digital infrastructure that can verify the transaction of value.

 

5 lessons from the 2020 US Department of Education Blockchain Summit — from linkedin.com by Johanna Maaghul

Excerpts:

1. Interoperability is the Word of the Day
2. My Diploma is on the Blockchain! Now What?
3. Who Owns My Data? Well, it’s Not Just You
4. It’s only Legit if I am Legit
5. Consensus is Good, but Action is Better

 
 

Companies Say Blockchain Could Have Prevented College Admissions Scandal — from edsurge.com by Jeff Young

Excerpt:

One of the most eye-catching aspects of the recent Varsity Blues admissions scandal was that fake athletic profiles were created for students to help them get into highly-selective colleges through so-called “side doors.”

Now, several companies that sell student-record systems based on blockchain—the technology behind Bitcoin—are pitching their products as a way to prevent that kind of fraudulent record tampering in the future.

 

7 Artificial Intelligence Trends to Watch in 2020 — from interestingengineering.com by Christopher McFadden

Excerpts:

Per this article, the following trends were listed:

  1. Computer Graphics will greatly benefit from AI
  2. Deepfakes will only get better, er, worse
  3. Predictive text should get better and better
  4. Ethics will become more important as time goes by
  5. Quantum computing will supercharge AI
  6. Facial recognition will appear in more places
  7. AI will help in the optimization of production pipelines

Also, this article listed several more trends:

According to sources like The Next Web, some of the main AI trends for 2020 include:

  • The use of AI to make healthcare more accurate and less costly
  • Greater attention paid to explainability and trust
  • AI becoming less data-hungry
  • Improved accuracy and efficiency of neural networks
  • Automated AI development
  • Expanded use of AI in manufacturing
  • Geopolitical implications for the uses of AI

Artificial Intelligence offers great potential and great risks for humans in the future. While still in its infancy, it is already being employed in some interesting ways.

According to sources like Forbes, some of the next “big things” in technology include, but are not limited to:

  • Blockchain
  • Blockchain As A Service
  • AI-Led Automation
  • Machine Learning
  • Enterprise Content Management
  • AI For The Back Office
  • Quantum Computing AI Applications
  • Mainstreamed IoT

Also see:

Artificial intelligence predictions for 2020: 16 experts have their say — from verdict.co.uk by Ellen Daniel

Excerpts:

  • Organisations will build in processes and policies to prevent and address potential biases in AI
  • Deepfakes will become a serious threat to corporations
  • Candidate (and employee) care in the world of artificial intelligence
  • AI will augment humans, not replace them
  • Greater demand for AI understanding
  • Ramp up in autonomous vehicles
  • To fully take advantage of AI technologies, you’ll need to retrain your entire organisation
  • Voice technologies will infiltrate the office
  • IT will run itself while data acquires its own DNA
  • The ethics of AI
  • Health data and AI
  • AI to become an intrinsic part of robotic process automation (RPA)
  • BERT will open up a whole new world of deep learning use cases

The hottest trend in the industry right now is in Natural Language Processing (NLP). Over the past year, a new method called BERT (Bidirectional Encoder Representations from Transformers) has been developed for designing neural networks that work with text. Now, we suddenly have models that will understand the semantic meaning of what’s in text, going beyond the basics. This creates a lot more opportunity for deep learning to be used more widely.

 

 

The 10 vital skills you will need for the future of work — from Bernard Marr

Excerpt:

Active learning with a growth mindset
Anyone in the future of work needs to actively learn and grow. A person with a growth mindset understands that their abilities and intelligence can be developed and they know their effort to build skills will result in higher achievement. They will, therefore, take on challenges, learn from mistakes and actively seek new knowledge.

Start by adopting a commitment to lifelong learning so you can acquire the skills you will need to succeed in the future workplace.

 

INSIGHT: Permanent verification — the best blockchain use case for lawyers — from news.bloomberglaw.com by Holly Urban

Excerpt:

In the legal sphere, many articles have addressed the ways blockchain systems can be used for “smart contracts,” financial transactions like with Bitcoin or Facebook’s Libra, or other more complex scenarios.

However, a frequently overlooked use case for blockchain in the legal industry is actually much more commonplace—the ability to use blockchain technology as a means to allow permanent verification of legally significant documents and data.

Using blockchain technology, lawyers can prevent fraud, alteration, or forgery of documents, contracts and other legal instruments, copyrighted materials, photographic or video evidence, and much more.

Traditional document verification methods relied almost exclusively on the slow, costly, and insecure use of third party verifiers. The advent of blockchain technology is primed to make these outmoded verification methods a thing of the past.

 

FTI 2020 Trend Report for Entertainment, Media, & Technology [FTI]

 

FTI 2020 Trend Report for Entertainment, Media, & Technology — from futuretodayinstitute.com

Our 3rd annual industry report on emerging entertainment, media and technology trends is now available.

  • 157 trends
  • 28 optimistic, pragmatic and catastrophic scenarios
  • 10 non-technical primers and glossaries
  • Overview of what events to anticipate in 2020
  • Actionable insights to use within your organization

KEY TAKEAWAYS

  • Synthetic media offers new opportunities and challenges.
  • Authenticating content is becoming more difficult.
  • Regulation is coming.
  • We’ve entered the post-fixed screen era.
  • Voice Search Optimization (VSO) is the new Search Engine Optimization (SEO).
  • Digital subscription models aren’t working.
  • Advancements in AI will mean greater efficiencies.

 

 

A fresh look at blockchain in higher ed — from insidehighered.com by Ray Schroeder
Blockchain is advancing in higher education, as it is in all of society, with some interesting new applications and ramifications.

Excerpt:

Perhaps more importantly, blockchain will facilitate the difficult shift in higher education that we are now navigating. We are moving from a degree-centric environment in which the university is engaged in the life cycle of the student while on campus to one that is more of a supply-chain design providing lifelong learning. In the emerging mode, the university will engage the student prior to their first arrival on campus (or online) through their degree experience and far beyond. Michael Matthews of the Tambellini Executive Advisory Council suggests the magnitude of the impact is akin to other seismic changes we have seen in recent decades:

Just like the iPod, iPad, and smart phone revolutionized the music industry, blockchain technologies will eventually break apart the systems we have been using. The ability to put purchased data such as music in the hands of users eventually changed the systems and devices that were once needed. The whole music industry shifted the way songs were purchased and delivered once the supply chain was created to accommodate the devices.

 

 

Are smart cities the pathway to blockchain and cryptocurrency adoption? — from forbes.com by Chrissa McFarlane

Excerpts:

At the recent Blockchain LIVE 2019 hosted annually in London, I had the pleasure of giving a talk on Next Generation Infrastructure: Building a Future for Smart Cities. What exactly is a “smart city?” The term refers to an overall blueprint for city designs of the future. Already half the world’s population lives in a city, which is expected to grow to sixty-five percent in the next five years. Tackling that growth takes more than just simple urban planning. The goal of smart cities is to incorporate technology as an infrastructure to alleviate many of these complexities. Green energy, forms of transportation, water and pollution management, universal identification (ID), wireless Internet systems, and promotion of local commerce are examples of current of smart city initiatives.

What’s most important to a smart city, however, is integration. None of the services mentioned above exist in a vacuum; they need to be put into a single system. Blockchain provides the technology to unite them into a single system that can track all aspects combined.

 

From DSC:
There are many examples of the efforts/goals of creating smart cities (throughout the globe) in the above article. Also see the article below.

 

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