Are We Keeping Up?
Through this series, we will explore 4 key disruptors changing the way that we live and work in Singapore, and around the world.
The plurality and diversity of technological innovations have driven the global economy to new heights over the years. Technological advancement continues to evolve and redefine the society that we live in. In the past decade, for example, the sharing and on-demand economy, which has increased transportation efficiency and reduced asset reliance, has penetrated and disrupted the transportation and hospitality industry in Singapore. The impending rise of the blockchain, a revolutionary technology promising increased security and transparency, threatens the make and structure of the financial services industry as we know it.
Four Key Disruptors in the World Today
Automation and Machine Learning
Logistics and Transportation: Tesla Autopilot, Google Self Driving Cars, nuTonomy
Accessible Machine Learning: Google Cloud, Amazon Web Services, Microsoft Azure
Consumer AI: Apple Siri, Google Now, Microsoft Cortana
Enterprise AI: Google Deepmind, IBM Watson
The Sharing Economy
Logistics and Transport: Uber, Grab
Food and Beverage: DineInn
Hospitality: AirBnB, Homeaway
Skills: Taskrabbit, Fiverr
Currencies: Bitcoin, Ethereum, Ripple, Ardor
Financial Services: Digital Trade Chain (Formed by Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit), BCS Information Systems (Partnered with OCBC)
Decentralized Financial Services: The DAO
A Decentralized and Sustainable Energy Grid
Solar Energy: SolarCity (Now Tesla), SunPower, First Solar
Others: Bloom Energy
These technological disruptions will fundamentally shake up the way our economy and society operates. Over the next few weeks, we will explore these innovations with our students in detail, helping them develop a more coherent and rigorous understanding of the world around them.