Rohit Talwar, Futurist and CEO of Fast Future Research, will deliver this year's CommunicAsia2017 Summit Visionary Address titled "Artificial Intelligence vs. Genuine Stupidity - Navigating Exponential Technologies to Create a Very Human Future", on 24 May at Marina Bay Sands, Singapore.
"AI coupled with the other rapidly accelerating fields of science and technology will drive large-scale change and transformation of existing businesses and industries while also enabling the creation of entirely new sectors," says Talwar.
He also predicts that the pace of development and potential of AI means that it is perhaps the most important area of decision making that business leaders will face over the next few years, and the effective implementation of AI will be a crucial differentiator between success and failure of firms in a fast changing world.
Artificial intelligence coupled with other key science and technology developments will help transform the US$78 trillion global economy1. Fast Future estimates that by 2025, the economy could grow to US$120 Trillion - with over half coming from AI-enabled industries that either do not exist today or are in their infancy, such as autonomous vehicles, self-replicating machines, and adaptive, personal health management systems.
"The core challenge is to help organizations embrace and adapt to accelerating change and prepare for a world that we can't yet see but is just around the corner," adds Talwar. "We will see AI being used for product design, pricing decisions, marketing strategies, training and recruitment. We are already witnessing the emergence of entirely automated 'employee-less' AI-based decentralized autonomous organizations (DAOs)."