A New Innovation Model: Amazon Evolved from Books to Cloud and Groceries & Meal Delivery
Data, AI, Automation, Quantum Computing and the Post-PC Revolution
IDC projects that total worldwide data will be 163ZB (that is a trillion gigabytes) in five years. The power to transform our world is locked up, unused and unstructured, in this data. Fully a third of business leaders say they cannot access their own data in meaningful ways, let alone discover all new insights from it.
A strategic cluster of technologies will take a fast-growing flame of human knowledge and accelerate it into a chain reaction, immeasurably larger and hotter than anything imagined today.
Innovation in cloud, data and analytics have lit a fuse. EDM and machine learning added fuel and commercial AI and Quantum Computing will launch self-fueling chain reaction.
Cloud accelerated data, data accelerated analytics, analytics accelerated automation, EDM accelerated analytics, AI accelerates automation. Quantum computing will supercharge the whole ecosystem.
AI Growth Accelerating Past 300% a Year
Forrester says businesses investment in machine learning and artificial intelligence (AI) will increase 300% in 2017 than in 2016. Current generations of Machine Learning technologies allow us to analyze data at scale and will ’drive faster business decisions in marketing, e-commerce, product management, and other areas of the business by helping close the gap from insights to action.’ AI will be used to automate discovery, experimentation and even coding and further AI. It is a self-fueling technology with no practical limit in scale.
Rose’s Law of Quantum Computing is Moore’s Law on Steroids
Rose’s famed predictions for Quantum Computing tell us that we are about to break Moore’s Law forever. For all our technology improvements, we compute much like we did decades ago. We don’t know when we will get commercial devices that use quantum states in place of binary values. But we know when we do it will change everything. Quantum devices will allow AI to solve problems and innovate, manage data and develop insights at orders of magnitude greater than imagined today.
The End of Tools
Computers, data, cloud services, analytics tools and so on are tools. Better, more powerful, easier to use tools. AI fuels automation and, when hyper-charged with quantum computing power, takes the tools out of our hands. The chain reaction of all this means innovation at speed and scale that will require new terms for measurement.
The Amazon Innovation Model
This means that humans will primarily contribute principles, strategies and vision to the next revolution. Those who don’t focus on building strategy and capabilities now will be left behind. Companies of all sizes and in every industry need to develop a strategic road map. Innovation will come to every industry and from unexpected directions. The model that took Amazon from books to challenge cloud computing and retail food and meal services is the future of innovation. Their strategic competitive driver is data and computing power. They didn’t expand or pivot into new businesses, these businesses were exposed to disruption by anyone who could innovate using this new model.
Contact us today. CCC helps business and technical leaders to develop these strategies and capabilities to ensure more than their survival.