Tech Trend Pointing To DotCom Crash 2.0

01.06.2016 • Investing

From Revolutionary Tech Investor (AUSTRALIA)-

On Thursday and Friday last week I was at The Next Web conference in Amsterdam. It’s where some of the best tech companies, entrepreneurs and innovators come together to discuss the future of various technologies.

Everything from Artificial Intelligence (AI) to ‘Fast Money’ and Cyber Security was on the agenda.

I spent the bulk of my time in the ‘Disruptive Machines’, ‘Digital Innovation’ and ‘Fast Money’ streams. The speakers included Nell Watson from the Singularity University, Mikko Hyppönen, the CRO of F-Secure [HEL:FSC1V], Kees Koolen, an angel investor and former CEO of Booking.com (now owned by Priceline Group [NASDAQ:PCLN]), and Dr Werner Vogels, the CTO at Amazon.com [NASDAQ:AMZN].

It was an eye opening conference on a number of fronts.

First, the content.

As you know, we’re seeing an incredible shift in industries like financial services towards automated systems. This includes everything from payments, to customer service and advice. It’s incredible the investment and research that’s going into creating smarter, more ‘intelligent’ machines.

Of course, this isn’t anything new. As Werner Vogels explained, ‘machine learning’ is a decades-old concept. In fact, it’s been around since the early days of computing. You are simply teaching a machine to behave in certain ways with certain inputs.

Today, though, the inputs are more complex and, hence, the machine’s decision-making is too. All of this is driven by data…hordes and hordes of data. And as our world becomes more complex, personal and intuitive, it will all be thanks to ever more data.

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