The cost of AI technology is declining dramatically, with a predicted annual reduction of 85% in inference costs, enabling advanced models to become compact enough for everyday devices. This shift signifies a transformative difference between digital and industrial age innovations, as digital tools can minimize capabilities into smaller forms, allowing for their distribution throughout the economy. Consequently, digital technologies facilitate value creation that is increasingly aligned with immediate demand and situational needs.
In this episode of FYI, Brett Winton, ARK’s Chief Futurist, engages in a compelling conversation with Rob Wolcott, author of Proximity: How Coming Breakthroughs Will Transform Business, Society, and Daily Life. They explore how digital technologies are pushing production and value creation closer to the moment of demand, reshaping industries from manufacturing to healthcare. Rob discusses the concept of proximity and its implications for business strategy, resilience, and customization, offering insights into the future of technology and its impact on our daily lives.
"In the future, all content will be produced in real time for an audience of one." - Rob Wolcott
Key Points From This Episode:
- Introduction to Rob Wolcott and his book, Proximity: How Coming Breakthroughs Will Transform Business, Society, and Daily Life.
- The fundamental differences between digital and industrial-age technologies.
- How proximity can predict the future direction of industries.
- The impact of proximity on manufacturing, including the role of additive manufacturing.
- The role of AI in enhancing proximity by providing real-time, customized content.
- The implications of proximity for healthcare, particularly in early diagnosis and personalized treatments.
- Discussion on the economic and strategic benefits of reshoring and localized production.
- The potential societal effects of increased atomization through technology.
- The role of humanoid robots and autonomous vehicles in a proximate world.
- Predictions on how proximity will continue to evolve and influence various sectors.