“Year 2025� Our
Changing World Technical, Digital Cultural Ecosystems Are Evolving (faster-than-ever)
Reflections Mike Edwards • Iterate.ai advisor • new (NASDAQ) $38.67 • FLXS (NASDAQ) $50.02 • Drexel University Board of Trustees • eBags CEO (acquired by Samsonite for $105 million) • Staples EVP • Borders CEO, Board • Lucy CEO (acquired by VF for $110 million)
Presentation by Mike Edwards mje1960@gmail.com
game-changer
Reflections & Projections ^ • Smaller, faster, cheaper • Decentralized, distributed, connected • All at once
Presentation by Mike Edwards mje1960@gmail.com
2017
A retailer?
No other retailers on the list
#10
#25
Presentation by Mike Edwards mje1960@gmail.com
https://www.techinasia.com/amazon-vs-alibaba-the-innovation-spending-war
2017
The question is, “Why? Why $16 billion per year?� Presentation by Mike Edwards mje1960@gmail.com
Startups invest billions (plus passion), too Investment in Innovation into the Startup community
Disrupters
Bootstrappers
Passion | Belief
76% of acquired tech companies
The question is, “Why? Why $16 billion per year?� Presentation by Mike Edwards mje1960@gmail.com
Source: Lou Kerner, TEDx
Unstoppable Techno-Trends
1. 2. 3. 4. 5. 6. 7. 8.
Gargantuan (Steams of) Data (“Big” is too small + it flows like rivers) AI and Deep Learning Internet of Things Rise of Robotics (spybots to cyberbots, nanobots to humanoids) Autonomous Ground Vehicles Autonomous Air Vehicles Blockchain Quantum Computing
The question is, “Why? Why $16 billion per year?” Presentation by Mike Edwards mje1960@gmail.com
SCIENCE FICTION COMING TO LIFE
Presentation by Mike Edwards mje1960@gmail.com
Presentation by Mike Edwards mje1960@gmail.com
One advancement enables the next Blockchain
(Bigger than the Internet?) (Two way street for data and capital)
Gargantuan Data (“Big� is too small + it flows like rivers)
Internet of Things
AI and Deep Learning
Presentation by Mike Edwards mje1960@gmail.com
Autonomous Ground Vehicles (including HyperloopOne)
Rise of Robotics
Spybots to cyberbots, nanobots to humanoids
Autonomous Air Vehicles
(+ SpaceX & BlueOrigin)
Quantum Computing
Big, Gargantuan (Flowing) Data
79.8%
often Streaming in Real-Time
Growing 42.5% per year
20.2%
More data produced in 2017 than the prior 5,000 years Presentation by Mike Edwards mje1960@gmail.com
Growing 22.4% per year
Big Data fuels
and opens the door for
Deep Learning
Source: Lumascape
.
Credit: Shutterstock Max Krasnov
Deep Learning AI that tests, learns, adjusts (all by itself) Where it’s working: • • • • • •
Web personalization engines (Amazon DSSTNE, Reflektion) Image recognition in visual search (PCSSO) Self driving cars (Google, Tesla, Mercedes) Drones (Amazon) Voice recognition and natural language processing Advanced medicine and diagnoses
Possible due to: • • • •
Chip processing power Computer speeds Massive volumes of data Unstructured data processing capabilities
Picture Source:
Presentation by What Is Deep Learning in Artificial Intelligence? Mike Edwards GeekBoy mje1960@gmail.com
Deep Learning makes the Internet of Things smart and interactive
Photo Source: crtlabs.org
Internet of Things Amazon’s IoT devices include voice recognition and output (which is AI) and web plus video response (which also involves AI)
Presentation by Mike Edwards mje1960@gmail.com
Internet of Things Will make Smarter Cities Involving buildings, transportation security, energy, and more www.iotamy.com
Presentation by Mike Edwards mje1960@gmail.com
Deep Learning and the Internet of Things breathe life into Robots
Presentation by Mike Edwards mje1960@gmail.com
Rise of the Robots: Spybots #BUSINESS NEWS MAY 9, 2017 / 11:17 PM / 5 MONTHS AGO
Presentation by Mike Edwards mje1960@gmail.com
Rise of the Robots: Cyberbots
Presentation by Mike Edwards mje1960@gmail.com
Rise of the Robots: Nanobots Swimming in our bloodstreams
Presentation by Mike Edwards mje1960@gmail.com
Nanobots
DNA nanobots will attack cancer cells; blood bots will swim inside us and clear our arteries
Presentation by Mike Edwards mje1960@gmail.com
Rise of the Robots:
Humanoids Working in our factories and defending our country
Click on video to see the video, or go here: https://www.youtube.com/watch?v=M8YjvHYbZ9w
Rise of the Robots: RoboPizza (Zume) Raised $48 million in October 2017 ROBOT PIZZA COMPANY ZUME CAN CREATE 372 PIZZAS PER HOUR USING ‘DOUGH BOTS’ AND DELIVER IT IN 4 MINUTES
Presentation by Mike Edwards mje1960@gmail.com
Autonomous Ground Vehicles (AGVs)
Presentation by Mike Edwards mje1960@gmail.com
Autonomous Ground Vehicles (AGVs)
Presentation by Mike Edwards mje1960@gmail.com
Autonomous Ground Vehicles (AGVs) X 2 RoboVan by Mercedes + Startups
Source:
Presentation by Why Mercedes Is Betting on Drones and Self-Driving Robots Mike Edwards Fortune Magazine mje1960@gmail.com
Autonomous Ground Vehicles (AGVs) + Air Drones
Source: Mercedes delivery van and drone system: PHOTOS, Presentation by FEATURES ... Business Insider Mike Edwards mje1960@gmail.com
Blockchain
is a bigger deal than
(far, far bigger)
Blockchain Web to Blockchain Analogy
Parallels to the internet Blockchain = 90’s Internet
• Similar investment levels • Similar excitement levels • Similar visions for potential use cases
History rhymes … expect similar …
• Path to maturity • Adoption curve • Evolution of protocols built on Blockchain
More Profound Impact Source: Presentation by Software Infrastructure Mike Edwards https://www.slideshare.net/IBTSMG/blockchain-67620150 mje1960@gmail.com
• Computationally-based society has less need for brick-n-mortar institutional footprint
Blockchain • “Blockchain and Bitcoin have created technology that is open and transparent, frictionless and secure.”
• “This technology is bigger than the Internet.” • “While the Internet transformed music, communications, information, entertainment and transportation … • ... “blockchain and Bitcoin will allow governments to be virtual, banks to be unnecessary, ownership to be ironclad, insurance to be frictionless, and we all know who owns that.” • Hackers will be out of business. This will be tremendous.”
Presentation by Mike Edwards mje1960@gmail.com
Tim Draper
Draper Associates and DFJ
Quantum Computing
Presentation by Mike Edwards mje1960@gmail.com
Summary
Unstoppable Techno-Trends 1. 2. 3. 4. 5. 6. 7. 8.
Gargantuan (Steams of) Data AI and Deep Learning Internet of Things Rise of Robotics Autonomous Ground Vehicles Autonomous Air Vehicles Blockchain Quantum Computing
Noteworthy Honorable Mentions 1. 3D Printing 2. AR and VR 3. Magic Materials like Graphene 4. Cryptocurrencies
The question is, “Why? Why $16 billion per year?� Presentation by Mike Edwards mje1960@gmail.com
positive or negative
Impacts on retail ^ Cultural and Social A. Commercial tech is advancing in lockstep with Military B. More Peer-to-Peer behavior bypassing central authorities C. More open and collaborative ecosystems D. More collective creation
E. Business Models will be challenged and evolve F. Growing importance of a plethora of (creative) startups • Cost of digital startup has declined $5 million to $5 thousand
Presentation by Mike Edwards mje1960@gmail.com
Mike Edwards • Iterate.ai Advisor • Two Directorships • eBags CEO (acquired by SAMC) • Staples EVP • Borders CEO • Lucy CEO (acquired by VF)
Advice
V
take it or leave it
1. Your people (employees, advisors, consultants, board, partners)
• will determine your success • need many to be technical or be open to tech • need to be forward-thinking and open-minded • need to understand data and be comfortable with uncertainty
2. Know your assets will be
driven by data
3. Jump into Big Data and AI, ASAP 4. Make sense of the emerging tech (Iterate) Presentation by Mike Edwards mje1960@gmail.com
Mike Edwards • Iterate.ai Advisor • Two Directorships • eBags CEO (acquired by SAMC) • Staples EVP • Borders CEO • Lucy CEO (acquired by VF)
Advice
V
take it or leave it
5. Consistently monitor developments in: • blockchain, IoT, 3D printing … • evaluate from merchant and ops points-of-view • leverage Iterate for this ongoing activity, perhaps
6. Embrace: • tech that supports your customer experience • tech that increase your efficiencies
7.
Be: • a retail innovation machine • experimental and modular
8. Build experience and inspiration centers that include B&M, IoT, smartphones, PCs, and more Presentation by Mike Edwards mje1960@gmail.com
Mike Edwards • Iterate.ai Advisor • Two Directorships • eBags CEO (acquired by SAMC) • Staples EVP • Borders CEO • Lucy CEO (acquired by VF)
Advice
V
take it or leave it
1. Shift to online 2. Re-urbanization 3. Global access 4. Mobile = retail-relevance • Service, omni-channel, pricing at new levels
Presentation by Mike Edwards mje1960@gmail.com
Mike Edwards • Iterate.ai Advisor • Two Directorships • eBags CEO (acquired by SAMC) • Staples EVP • Borders CEO • Lucy CEO (acquired by VF)