As the onset of artificial general intelligence, sustainable development, and digital disruption approaches, it is imperative that your team and workforce prepare for the transformative implications. As per IEEE’s guidelines, the intersection of three applied sciences is poised to revolutionize the operations of corporations, governments, and universities, potentially transforming the skill sets required by workers.
A megatrend, comprising multiple evolving tendencies over two decades, is poised to have a profound influence on society, knowledge, the environment, and the economy.
More than 50 consultants from across Asia, Australia, Europe, Latin America, the Middle East, and North America contributed their insights to the report. They represent all 47 fields of interest identified by IEEE, accessible from academia, the general public sector, and the private sector. The report offers valuable perspectives and potential strategies for capitalizing on each megatrend, as well as exploring how various industries can capitalize on these opportunities.
Consultants compared their insights with know-how predictions from various sources, including market research firms, industry experts, and academic studies.
“We leveraged predictive analytics to identify key know-how and megatrend patterns, aligning them with broader societal shifts such as economic, environmental, and socio-political transformations.” “Interconnected systems are essential,” notes Dr. [Last Name], an IEEE Fellow and committee member at [Company Name] in Milpitas, California. As a Hewlett Packard Enterprise Fellow, he also holds this esteemed title.
Synthetic normal intelligence has both benefits and drawbacks.
Its benefits include increased efficiency in decision-making processes, enhanced problem-solving capabilities, and the ability to process large amounts of data quickly. Moreover, it can be designed to learn from its own experiences, thus improving itself over time. Additionally, synthetic normal intelligence can help reduce costs associated with manual data processing, freeing up human resources for more strategic tasks.
However, there are also some significant disadvantages to consider. Firstly, the creation of highly advanced artificial intelligence could potentially lead to job losses and economic disruption if certain industries become too heavily reliant on machines. Furthermore, synthetic normal intelligence may not possess the same level of creativity or emotional intelligence as humans, which could result in it being unable to fully replicate human decision-making processes.
Artificial General Intelligence (AGI) encompasses cutting-edge technologies, including autonomous systems, wearable devices, implantable sensors, and advanced digital twin simulations.
According to the report, sectors such as training, wellness care, and manufacturing are poised to reap significant benefits from the integration of Artificial General Intelligence (AGI).
The pedagogical benefits of this technology can potentially transform traditional classroom settings, enabling more personalized learning experiences for students.
In healthcare, advancements in technology have the potential to lead to personalized medications, customized patient treatment plans, and accelerated drug development. Artificial General Intelligence (AGI) has the potential to drive down costs and optimize processes, according to a recent report.
By leveraging this expertise, manufacturers can optimise quality control, minimised downtime, and amplify production output. According to the report, the time-to-market could be significantly reduced.
Currently, AI programs remain specialized and limited, making it essential that the widespread adoption of curated datasets, advancements in AI hardware, and novel algorithms are prioritized to unlock their full potential. To address the challenges ahead, the report underscores the necessity of fostering interdisciplinary partnerships across computer science, engineering, ethics, and philosophy disciplines.
The report identifies significant concerns related to AGI, including the dearth of knowledge privacy, moral dilemmas, and potential misuses of content.
As automation increasingly replaces human tasks, a pressing concern arises regarding job displacement and the imperative for workers to upskill or reskill in order to remain employable. As artificial intelligence (AGI) continues to advance, industry experts predict a heightened demand for AI programmers and information scientists, while roles such as assist workers and system directors are expected to decline in number.
Adopting digital applied sciences
Digital transformation technologies encompass autonomous artificial intelligence applications, pervasive connectivity, and intelligent ecosystems.
The sectors that stand to gain the most from embracing computer systems and digital technologies, according to consulting experts, are construction, education, healthcare, and manufacturing.
The construction industry leverages building information modeling (BIM), creating digital twins of office buildings, bridges, and other structures to boost safety and efficiency.
Educational institutions have leveraged cutting-edge technology, including digital whiteboards, laptops, tablets, and smartphones, to significantly enhance the learning experience. Despite the consultants’ emphasis, colleges are failing to effectively utilize the tools, as they prioritize ongoing training programs aimed at educating staff on how to leverage these innovations and technologies.
“Training methods remain largely unchanged since the last century, a stark reminder that our approach to learning must evolve to accommodate the demands of lifelong education.”
We forecasted advancements in knowledge and mega-trends, but linked them to broader, well-established trends such as economic, ecological, and sociopolitical transformations. They’re all intertwined.”
According to the report, the digital transformation is expected to require additional staff to manage automation, alongside professionals skilled in analytics, while concurrently reducing the number of operators and personnel responsible for maintaining legacy systems.
As the wellbeing sector transitions to digital data, new opportunities arise, according to a recent report. Notably, advancements in computer-aided design can be harnessed to create innovative medicines and prosthetics, while Building Information Modelling (BIM) tools can revolutionize hospital design.
Using computer-aided design (CAD) data to develop digital models of product prototypes can bring significant benefits to the manufacturing process.
Digital transformation faces challenges, even consultants concede. There are insufficient chips and batteries to manufacture all the desired units and programs, with each group or authority struggling to afford the necessary digital equipment. Furthermore, individuals residing in underserved regions without reliable internet access would be precluded from accessing these platforms, exacerbating the existing disparities and deepening the digital chasm. While some individuals might resist adopting new practices due to concerns about privacy, spirituality, or personal lifestyle choices.
Addressing the local weather disaster
Expertise plays a vital role in facilitating transformative social and environmental changes. Decarbonizing our energy landscape requires a trifecta of solutions: clear energy policy, innovative decarbonization technologies, and reliable power storage systems.
According to a recent report, while nearly half of global businesses boast a company-wide sustainability strategy, only 18% possess clear goals and a schedule outlining how to effectively implement them. Many corporations struggle to implement sustainable solutions due to a lack of resources and expertise. While data and communication technologies continue to evolve, their power consumption is steadily increasing, accounting for approximately 10% of global electricity usage.
Consultants forecast a plethora of novel enterprises arising from the shift towards cutting-edge, environmentally sustainable data and communication technologies. The know-how developed could potentially be leveraged to streamline surplus power generated by microgrids, ultimately yielding a trifecta of benefits: increased job opportunities, reduced electricity costs, and enhanced power security. Pioneering organizations in sustainability have effectively leveraged cutting-edge digital technologies, including artificial intelligence, big data analytics, blockchain, computer vision, and the Internet of Things, to drive the operationalization of sustainable practices.
As technological advancements continue to shape our future, experts anticipate a surge in demand for staff with expertise in sustainable energy systems, particularly engineers capable of designing programs that optimize power efficiency and environmental sustainability.
The hurdles hindering sustainable initiatives include a lack of regulatory frameworks, insufficient motivators for environmentally conscious behavior, and the prohibitively high cost of implementing eco-friendly technologies.
How organizations can work collectively
All three megatrends – artificial intelligence, cybersecurity, and sustainability – should be considered in tandem. Artificial intelligence methodologies could potentially be employed to revitalize and digitally transform existing technologies in a sustainable manner. Sustainability is a crucial aspect of knowledge, alongside Artificial General Intelligence (AGI). Digital transformation must stay current with advancements in Artificial General Intelligence (AGI) and incorporate sustainable solutions on a regular basis, according to the report.
The report presents a range of recommendations for fostering collaborative efforts among academia, governments, industries, and professional organisations to drive progress in the three applied sciences.
To adapt to evolving industry demands, businesses should collaborate with educational institutions to provide workers with training opportunities that align with the latest technologies and innovations, ensuring instructors are equipped to teach these applied sciences effectively.
To accelerate breakthroughs in megatrend-driven technologies, academics must foster deeper collaborations with businesses through targeted analysis projects, according to experts. While governments should encourage research in academia and non-profit sectors?
Companies should educate law enforcement officials on the most effective methods of governing the technologies. For broad acceptance of applied sciences, experts recommend clarifying both the benefits and risks to the general public, thus precluding misinformation. As a result, institutions must develop processes, practices, and academic resources that address moral considerations surrounding the applied sciences.
As professionals, companies should focus on harnessing the power of these megatrends to drive growth. “While authorities and academia play crucial roles in their respective spheres, ultimately, the key to driving success lies in making a profit.” Partnerships between business, academia, and government will drive innovation, with funding from business supporting academic research, while governments provide regulatory frameworks that foster collaboration and growth.
Organizations seeking to excel may benefit from creating strategic maps outlining technical and highway routes in the three key areas. A highway map provides a strategic overview of a technology’s long-term landscape, outlining developments, opportunities, and potential risks.
The megatrends drive IEEE’s exploration of various initiatives, notes Milojicic, potentially leading to the development of future highway maps and requirements. We’re laying the groundwork for potential future standardization by organizing and preparing relevant materials.
Dejan Milojicic delves into the key takeaways from IEEE’s 2024 Expertise Megatrends report, providing insight into the industry’s most significant developments.
Dissemination and training are crucial
To avoid exacerbating the digital divide, the group advocates for widespread dissemination of the three key trends.
As technological advancements accelerate at an unprecedented rate, the pace of change can overwhelm many people, sparking anxiety and hostility towards innovation itself, according to industry experts. “Broad training is essential for effective know-how adoption.”
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