Week One - Technological Advancement PDF

11/12/2024, 15:57 OneNote Week one Sunday 8 December 2024 2:07 p.m. Pace of technological advancement Modern social media was born in 2006 Technological treads...

11/12/2024, 15:57 OneNote Week one Sunday 8 December 2024 2:07 p.m. Pace of technological advancement Modern social media was born in 2006 Technological treads 1. The AI revolution 2. Gen AI 3. Applied AI 4. Industrialising machine learning 5. Building the digital future 6. Next generation software development 7. Digital trust and cyber security 8. Compute and connectivity frontiers 9. Cloud and edge computing 10. Quantum technologies 11. Cutting-edge engineering 12. Future of robotics 13. Future of mobility 14. Future of space technologies 15. A sustainable world 16. Electrification and renewables 17. Climate technologies beyond electrification and renewables The digital journey 📌 Digital revolution; the change from mechanical and analogue electronic technology to digital electronics ○ Marked the beginning of the Information Age ○ Mass production and widespread use of digital logic circuits, and its derived technologies, including; The computer The cellular phone The internet Evolution of IT infrastructure 1959-present -> general purpose mainframe and minicomputer era 1981-present -> personal computer era 1983-present -> client/server era 1992-present -> enterprise computing era 2000-present -> Cloud and mobile computing 📌 Convergence; when 2 or more things come together to form a whole new Moores law Predicts that the number of transitory fitting on a computer chip will double every 1-2.5 years ○ Makes smaller cheaper processors ○ Bigger more valuable networks ○ Eg. IPhone is 100x faster and 500x smaller than then first phone Metcalfes law Value of a network is proportional to the square of the number of connected users - a networks value grows exponentially ○ Effects of Metcalfes law; Smaller cheaper processors Growth of software Bigger and more valuable networks The more users, cheaper connectivity More applications & growth of industry Difference between moores and metcalfes Moores - size of the chip technology - assures us the technology will be there to support our growth Metcalfes - the social networking - shows us the real challenge is getting people to use a network 📌 Digitalisation; mass adoption of connected digital services by consumers, enterprises and governments Has emerged in recent years as a key driver that accelerates growth and facilities job creation Characteristics of digital products; Expensive to produce but close to zero cost to replicate Borderless Indestructiblility Public good (everyone can use without effecting availability to others) ICT- key enabler of socioeconomic progress and development, enhancing productivity and economic growth… Revolutionising production processes, access to markets, and info sources together with social interactions Drucker(1999) The most important contribution management needs to make in the 21st century is to increase the productivity of knowledge work and the knowledge worker Knowledge is a lifelong process of keeping abreast change - most pressing task is to teach people how to learn ○ Knowledge has to be improved, changed, challenged and constantly increased or it vanishes Today knowledge has real power - it controls access to opportunity and advancement Creative distruction and disruptive technologies https://ulcampus-my.sharepoint.com/:o:/r/personal/24430455_studentmail_ul_ie/_layouts/15/Doc.aspx?sourcedoc=%7BFE236E87-93F9-41E5-8545-702424EA… 1/2 11/12/2024, 15:57 OneNote 📌 Creative distruction; process of industrial mutation that incessantly revolutionises the economic structure for, within, incessantly destroying the old one, incessantly creating a new one 12 most impactful disruptive technologies Mobile internet Automation of knowledge work Internet of things Cloud Advanced robotics Autonomous / near-autonomous vehicles Next-generation genomics 3D printing Advanced materials Advanced oil and gas exploration and recovery Renewable energy Future-proofing the organisation; Through Digitalisation and computerisation https://ulcampus-my.sharepoint.com/:o:/r/personal/24430455_studentmail_ul_ie/_layouts/15/Doc.aspx?sourcedoc=%7BFE236E87-93F9-41E5-8545-702424EA… 2/2