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Machines will Rule … Soonest?
[By Dr. David Edward Marcinko MBA CMP™]
Machines beat humans at chess. Machines can pilot airplanes to land at O’Hare; or on Mars. There is now a machine that beats the best of us at Jeopardy.
And, many predict that an Artificial Intelligent medical clinician is ten years away.
Just think tele-medicine and tele-health.
And, no one will use a biological doctor in twenty five years. Then, of course, enter the singularity*.
Innovation
I’m not sure who said it first, but this quote has been floating around Twitter lately:
“In 2015 Uber, the world’s largest taxi company owns no vehicles, Facebook the world’s most popular media owner creates no content, Alibaba, the most valuable retailer has no inventory, and Airbnb, the world’s largest accommodation provider owns no real estate.”
Assessment
Fundamental assumptions about what is needed to be a successful doctor, financial advisor, or other business has changed in just the last few years.
So – I ask MD and FA colleagues – will you keep up professionally, or fall behind? What are the ethical implications of these technology innovations; if any?
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[Vanguard’s “Robo Advisor” – Good for Clients but Bad for Advisors?]
***
More:
- Are MDs and FAs being Replaced by Robotic Technology?
- Tele-Medicine is Growing
- About Tele-Health and Medicare
- How (Human) Advisors Might Adopt Robo-Advisors – Client Segmentation, Trading Tools And Indexing 2.0, And Full Stack Solutions
- The Advisor Of The Future Is Not Human Nor Robot, But Cyborg
- Technology Will Improve Financial Planning And Augment Planners, But It Won’t Replace Them
- LearnVest – A Glimpse Of Financial Planning’s Future Serving The Masses In The Digital Age?
Even More:
Note: From Wikipedia, the free encyclopedia.
The Singularity
The technological singularity is the hypothesis that accelerating progress in technologies will cause a runaway effect wherein artificial intelligence will exceed human intellectual capacity and control, thus radically changing civilization in an event called “the singularity”.[1] Because the capabilities of such an intelligence may be impossible for a human to comprehend, the technological singularity is an occurrence beyond which events may become unpredictable, unfavorable, or even unfathomable.[2]
The first use of the term “singularity” in this context was by mathematician John von Neumann. In 1958, regarding a summary of a conversation with von Neumann, Stanislaw Ulam described “ever accelerating progress of technology and changes in the mode of human life, which gives the appearance of approaching some essential singularity in the history of the race beyond which human affairs, as we know them, could not continue”.[3] The term was popularized by science fiction writer Vernor Vinge, who argues that artificial intelligence, human biological enhancement, or brain–computer interfaces could be possible causes of the singularity.[4] Futurist Ray Kurzweil cited von Neumann’s use of the term in a foreword to von Neumann’s classic The Computer and the Brain.
Proponents of the singularity typically postulate an “intelligence explosion”,[5][6] where superintelligences design successive generations of increasingly powerful minds, that might occur very quickly and might not stop until the agent’s cognitive abilities greatly surpass that of any human.
Kurzweil predicts the singularity to occur around 2045[7] whereas Vinge predicts some time before 2030.[8] At the 2012 Singularity Summit, Stuart Armstrong did a study of artificial general intelligence (AGI) predictions by experts and found a wide range of predicted dates, with a median value of 2040. Discussing the level of uncertainty in AGI estimates, Armstrong said in 2012, “It’s not fully formalized, but my current 80% estimate is something like five to 100 years.”[9]
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Conclusion
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OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- PRACTICES: www.BusinessofMedicalPractice.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
- Dictionary of Health Economics and Finance
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
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