As the leader of crypto exchange Kraken, Jesse Powell is bound to be bullish on Bitcoin. Yet he’s projecting a disruptive future that would stretch the imagination of even the most ardent crypto fans. In a Bloomberg Television interview, Powell said Bitcoin could reach $1 million in the next decade, adding that supporters say it could eventually replace all of the major fiat currencies.
The machines are rising! Robots are stealing our jobs! AI is making us obsolete! Maybe it’s inherited trauma from the Industrial Revolution, but in recent years people’s concerns about artificial intelligence have heightened, especially anxiety that the technology will replace human workers throughout the economy. It was even the basis of one 2020 presidential candidate’s campaign. Well, I bring a message of optimism. While AI will dramatically transform how work is done and who does it, its overall impact won’t be to displace humans but to augment them. And the myriad, miraculous ways that this technology will be able to improve people’s lives should excite and inspire.
The Covid-19 pandemic has brought massive and unexpected life twists, but it did not grind everything to a halt. While it is true the coronavirus has caused catastrophic health, social and economic effects, we are still fortunate that technology has advanced so much that we can continue communicating and working with one another, albeit only virtually.
The promise of a self-healing IT environment has arrived—if your CIO is willing to make the journey.
Self-healing. The term itself borders on magical. No wonder a self-healing IT environment has long been the holy grail for enterprise CIOs.
Why? Because CIOs today are strategically responsible for delivering digital products and driving innovation. At the same time, their teams oversee hundreds or thousands of applications, resources, and data sources. A self-healing IT environment would automatically predict issues and then automatically apply the fix.
Self-healing IT has, for the most part, been unattainable—until now. Today, true prediction can finally be reached with the help of AIOps, while remediation can be automated with digital workflows.
The current pandemic has had a tremendous effect on global markets as many companies have been forced to close, temporarily halt their operations or attempt to work from home. Additionally, it has revealed the weaknesses in the daily operations of companies across the world, namely in supply chain management, resource allocation and data security and sharing.
Paper: it’s not a very efficient way to store data, it’s not good for the environment, and it’s not cheap. It can rip, decay, get misplaced, and just a few rogue coffee drops can obscure its contents forever. It’s also expensive. According to Aragon Research, paper-based processes remain one of the largest cost centers in the enterprise, eating into 1-2% of overall revenues.
Last year was an annus horribilis for most business executives, but for CIOs the dark cloud of economic chaos had a distinctly silver lining. The response to the pandemic highlighted just how central technology—and the teams that shape and manage it—have become to companies’ fortunes. By tapping cloud computing, mobile platforms and other capabilities, CIOs helped millions of people shift to remote work almost overnight and quickly built a plethora of new digital commerce channels to keep companies connected to their customers.
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