The investment opportunities for growth in AI, Robotics and Automation will be greater than that of the internet companies like Facebook, Google or Amazon. This was the position of William Studebaker, President, Chief Investment Officer, and Managing Partner at ROBO Global, LLC. He was a featured speaker at the ACG event hosted at the Windows over Minnesota on the 50th floor of the IDS building in downtown Minneapolis.
Minnesota DEED Trade Office hosted a Smart Water Round Table event at the Uponor corporation on May 10th, 2018. Featured were a host of IoT companies showcasing their work in smart water solutions. The audience and speakers who attended came from as far away as Europe and South America. This event came on the heels of the Minnesota IoT Fuse conference. The solutions they covered spanned a vast array of topics including: precision agriculture, water treatment, smart cities, transportation, city infrastructure optimization, etc. The companies also represented specializations in hardware & sensors, data aggregation and analytics, and business model development.
The 2018 IoT Fuse Conference was an amazing event to participate in. It featured a large roster of speakers and covered all layers of IoT stack from hardware, platform, and industry companies. Minnesota is one of the largest and fastest growing IoT ecosystems in North America and is positioned to become a global center of IoT expertise. The opportunity at hand is for Minnesota to recognize the lead it currently has and begin a larger regional initiative to develop it the ecosystem to systematically build, support and attract each layer of the industry by creating true regional advantage for the industry to flourish. It must also understand the growth opportunities of both the immediate horizontal or cross sector integration opportunities to existing industries , in addition, to the vertical sector develop that will eventually occur as IoT itself becomes its own complete sector. Global competition and other US cities are not sitting still and may be more aggressive in their attempts to become a global leader.
Understanding the new frontiers in corporate strategy and innovation was a key theme University St. Thomas Spring Seminar focusing on Risk Leadership. The event was hosted April 25, 2018 on the UST campus located in downtown Minneapolis Minnesota. The event featured keynote speakers and several breakout tracks focusing on Risk Leadership and Risk Managment. The attendees were primarily senior practitioners from twin cities corporations, as well as, SMEs from consulting firms and university students are in the UST Risk Management programs.
The Alliance for Corporate Growth hosted their monthly lunch at the Hilton Gallery on April 17th, 2018. This event was focused on several local companies that specialized in advanced food technologies. Their stories on how they are revolutionizing the food industry and paving the way for an entirely new age of healthy food was inspiring.
Some of the major challenges facing society is the level of overall illness that has been created by the current agriculture and food industries that are more focused on profits than actually on the nutrition and health of their products they are selling to consumers. Another global challenge is the exponential population growth rates in many countries around the world. This increase places huge food production and transportation issues for the industry. One statistic shared stated that in the next 40 years we will have to grow 4000 times the amount of food that we have in the past just to feed the world’s population. The talk also covered more Trends that are impacting the food industry overall. Continue reading “ACG – Food Technology”
As Technology continues its rapid innovation the leading trends all suggest massive opportunities for nations and companies that can harness the potential of the new capabilities. While most of the trends listed are sure to progress rapidly, there is a cautionary tale underneath each for the impacts to society that will be incurred. It will take time to understand each one and it may not be able to be undone once certain abilities are unleashed and entrenched into global business and governments that have control.
Top Tech Trends:
- Artificial Intelligence:
- Artificial Intelligence will drive a new level of deep learning and ability to approach new levels of big data analysis.
- New graphic data and forms of linguistics research will also enhance the transfer of knowledge.
- Algorithms for dealign with noise to signal ratio or pattern anomaly recognition will be a competitive advantage.
- Machine vision spanning facial recognition, security or any detailed oriented visual task will transform how we can approach new sources of information.
- Increased pattern and trend recognition will drive profiling and personalization of services.
- Decision support systems will gain a new level of insight and sophistication driving a more data driven decision approach.
- AI chip design and manufacturing will expand but like CPUs only the best will survive long term.
- Human to Machine Interface
- Multi-model interaction include touch, audio, visual and facial recognition will evovle.
- Ethics based interfaces will grow as AI develops
- Natural language processing will increase in accuracy and should surpass the quality of touch interaction within the next 5 years.
- Quantum Computing
- The ability to process entire new sets of problem spaces beyond the traditional computer architectures
- The ability and speed in which variable scenarios can be processed expands exponentially
- The predictability of random events can be better modeled.
- Internet of Things
- A world of sensors and new data sources exists that can provide new insights about systems and society.
- The security for such a world of data represents a monumental challenge.
- The network and bandwidth demands for an IoT world may not be able to keep pace with the volume of data generated.
- Digital Currenies
- Standardization on platforms and protocols will lead the experimentation.
- The definition, depth and authorization around digital identies.
- Demonstrable security and indemnification of transactions
- The ability to have cross national law and regulation is instrumental in its long term viability.
- Oversight and monitoring protocols for regulatory bodies.
Source: MIT, Alizila, Berkely
- Ocean Supercluster (based in Atlantic Canada)
- SCALE.AI Supercluster (based in Quebec)
- Advanced Manufacturing Supercluster (based in Ontario)
- Protein Industries Supercluster (based in the Prairies)
- Digital Technology Supercluster (based in British Columbia)
Together the superclusters represent more than 450 businesses, 60 post-secondary institutions and 180 other participants in sectors covering 78 percent of Canada’s economy.