We’re heading towards a world of perfect knowledge.
Soon you’ll be able to know anything you want, anytime, anywhere, and query that data for answers and insights.
Why is this happening? And what are the implications? These are the questions this blog will explore. It’s also one of the meta-trends I’m discussing with my digital mastermind group (Abundance 360 Digital).
The first digital camera built by Kodak in 1976 was a 0.01 Megapixel camera.
It was the size of a toaster and cost thousands of dollars.
Today’s digital cameras are 1 billion times better.
In a decade, they will be 1 trillion times better.
Where is ubiquitous imaging/sensing heading?
Image Above: LiDAR imagery from Google’s autonomous car project
NOTE: These are examples just from the realm of ubiquitous imagingsensors. Beyond this, there will be an explosion of audio/vibration, genomics and biometrics sensors, to name just a few.
In the decade ahead, we’re heading towards a trillion-sensor world. In 2013, we generated 4 zettabytes (4x1021bytes) of data. Data generation is doubling every two years and accelerating. By 2020 we’ll be up to 44 zettabytes (i.e. 44 trillion gigabytes).
Then, with the power of machine learning, data science, increased computational power, and global connectivity we can process, learn from, explore, and leverage that information to ask and answer almost any question.
Who caused that accident? While autonomous cars are unlikely to crash (bad news for the insurance industry), accidents caused by human-driven cars on the road will never be mysteries again. Imagery from LIDAR or equivalent sensors will tell you exactly who caused the accident and how.
How’s my competitor performing? Orbital satellite imaging can tell you exactly how many cars were in competitor’s parking lot last weekend. Which locations attract more shoppers? What is the status of your competitor’s supply chain – raw materials in, and finished products out?
Where did that gun-shot come from? ShotSpotter, a gunfire detection technology gathers data from a network of acoustic sensors placed throughout a city, filters the data through an algorithm to isolate the sound of gunfire, triangulates the location within about ten feet, then reports it directly to the police. It’s more accurate than info from 911 callers.
What is the most popular dress color Friday night in Manhattan?Want to know the fashion trends in your city? You will be able to gather images and mine them to determine the most popular colors and fashions on any street, mall or borough.
What is the prevalence of heart disease or Alzheimer’s in my neighborhood? This may sound disgusting, but imagine sampling the sewage coming out of your neighborhood. By analyzing the DNA in biological waste in those pipes, you can tell the prevalence of one disease over another in that community. Do you think that might be of interest to a health or life insurance company?
Who are the happiest people in the U.S.? Researchers from the University of Vermont used Mechanical Turk to rank thousands of words by “happiness” levels. They then wrote an algorithm that analyzed 10 million tweets, used the Mechanical Turk data as a training set, and determined which are the happiest U.S. states (Hawaii) and the saddest (Louisiana). They could even explore semantic trends down to the zip-code.
Image Above: Show’s Happiness by Geography for U.S. and Chicago, IL
I think about this stuff a lot.
We live in the most exciting time ever.
As we move towards a world of perfect information, we are going to be disrupting many industries and creating even more entrepreneurial business opportunities.
Which industries are going to change because of this data revolution?
All of them.
I have a team that works with me to research and study these meta-trends. For the last three years, we’ve presented our insights and data to a very select group of 250 CEOs in my Executive Mastermind calledAbundance 360 (A360).
A360 is now full. In fact, it’s oversubscribed.
For that reason, I’ve decided to create a scalable digital Mastermind group called Abundance 360 Digital (or A360D).
A360D is developed specifically for entrepreneurs (like you), to provide you with monthly access to the knowledge, resources and tools resulting from exponential technologies, moonshot and abundance thinking and crowd-related tools (incentive competitions, crowdfunding, etc.). A360D will aim to connect you with other bold and abundance-minded entrepreneurs, and to connect you with me on a monthly basis for discussion around these topics.
If you’d like me to send you more info on A360D, submit your name and email here.