Ant Hive Media - Alec Ross the Industries of the Future Summary

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Overview

The book aims to provide a perspective fromthe inside of rising digital industries. What was once regarded asscience fiction, technologies such as robotics, digital currency(i.e. Bitcoin), genomics, Big Data processing, etc., are now areality after the growth of the telecommunications and personalcomputer industry, in the late years of the twentieth century.Soon, emerging technologies like enhanced robotics and genomicswill be a part of the American lifestyle. Their economic potentialis so massive, that genomics is projected as a potential rivalindustry to the internet, economically speaking. Also,cybersecurity will have to evolve along with these industries.

Globalization and the uprising of economicpowerhouses such as China and India caused recession in places likethe American Rust Belt and Appalachia. Cheap labor on theseeconomic poles led to massive loss of jobs in America. Now,emergent digital industries promise to change the planet's economicgeography entirely, and we all should be ready for it. Basicprogramming skills and proficiency in several languages will becrucial in the future job market.

ImportantPeople

Once Hillary Clinton's senior advisor forinnovation, Alec Ross also worked as advisor to Barack Obama, thena Senator, during his presidential campaign in 2008. Ross alsoserves in Johns Hopkins University as Distinguished VisitingFellow.

The former U.S. first lady also worked as asenator for New York and as Secretary of State.

Lukas Wartman, a leukemia survivor, dedicateshis work to cancer genomics (assistant director to the program) atWashington University in St. Louis. Wartman is known for usingtechnology as means to comprehend DNA analytics.

Marc works as a software engineer and venturecapitalist, played a crucial part in developing Netscape andMosaic. Andreessen was inducted into the World Wide Web Hall ofFame, along with only other five inductees.

The developer responsible for the technologythat enabled Bitcoin's existence is also suspected of being apseudonym. Many believe he may even be several people, as Nakamotois yet to be identified.

CEO and co-founder of Twitter, also serves asCEO for Square. Dorsey was appointed by the Wall Street Journal asInnovator of the Year in the technology industry.

An emerging technologies expert, he oncemanaged Microsoft's corporate strategy. Songhurst is a co-founderof hedge fund Katana Capital, which focus on the emergingtechnologies industry.

A former Illinois senator was elected the44th U.S. president. He used Big Data processing extensively duringhis presidential campaign in 2008.

A former diplomat and now the 4th Estonianpresident, advocates for technology matters since elected in2006.

The president of the Republic of Rwanda seeksto keep Rwanda among the cyber-innovative countries in Africa.

Summary of Core Concepts

1. The opportunities created in the last tenyears by the Human Genome Project.

2. Ten years from now, robots should take alarge role in world economies

3. Virtual encrypted currencies like Bitcoinwill grow to a large role in modern economy.

4. Big Data will beneficiate from digitaltechnologies and be a great part of economy in the 21stcentury.

5. Cybersecurity may struggle to keepup-to-date with digital transactions and data.

6. Economic geography may chance as the worldgrows towards new digital developments.

7. Governments will struggle to regulatemodern digital economy in the 21st century.

8. Societies will have to adapt so everydemographic group is taught the necessary skills to thrive in themodern economy.

Analysis of Core Concepts

Core Concept1

The opportunities created in the last ten years by the HumanGenome Project.

Scientific research was helped a great dealwhen the human genome was decoded in 2003. At its time, in 1984,the human genome mapping project was the biggest of its kind.Before completing ten years, the project employed over 310,000people in the U.S.

By 2020, the genomics industry is anticipatedto surpass the $22 billion mark. The Asian market should be thefastest growing one. Decoding the brain and its functions hasproven to be genomics' next challenge.

Pharmaceutical drugs to specific DNA groupswill be possible with modern genomic research. These designer drugsshould start expensive, but other nice benefits should beaccessible. From using your smartphone to get accurate diagnosis orthe taboo subject of the "designer babies", modern genomics haveplenty to work with.

Core Concept2

Tenyears from now, robots should take a large role in worldeconomies

Robots have overgrown many technologies overthe years. Robots are expected to take on a larger role withinhouseholds in the near future. Robot designers face limitationswith electricity consumption and size, but achieving not only highlevels of artificial intelligence, but complex communicationdevices, which may overgrow artificial intelligence itself.

Western culture likes to fantasize withartificial intelligence systems gone wrong, with its sci-fistories. But robots are relied upon more and more relied upon.Their potential to spare hours of human labor and save lives makefor a very compelling argument.