The technology supercycle refers to the convergence of three general-purpose technologies: artificial intelligence, advanced sensor technology, and biotechnology. These technologies are improving each other in a flywheel effect, leading to profound economic and societal impacts.
Biotechnology can revolutionize materials and food production. For example, it can create synthetic materials like nitrile gloves without traditional supply chain issues and produce lab-grown meat, addressing global protein shortages and environmental concerns.
Advanced sensors provide real-world data that AI models like large language models lack. This sensor data, which is not publicly available, helps create richer, more predictive models, enhancing AI's ability to understand and predict human behavior.
The living intelligence framework helps organizations track technological convergences, benchmark their progress, and prepare for future disruptions. It involves identifying signals, trends, and uncertainties to map out scenarios and make informed strategic decisions.
Regulation often reacts to past events and can lead to lawsuits rather than compliance. It may also be too broad or difficult to enforce, especially for rapidly evolving technologies like AI and biotechnology. Instead, she suggests alternative frameworks like data trusts to manage these technologies.
She suggests using relatable examples, like explaining climate change through weather apps, to make abstract concepts more understandable. This approach creates a sense of urgency and relevance, making it easier for people to grasp and act on the information.
She advises leaders to track signals and trends, embrace uncertainty, and develop foresight capabilities. By mapping out scenarios and staying adaptable, organizations can navigate uncertainty and position themselves for growth.
She is excited about the potential for new innovations and the fact that the future is not predetermined. She believes that strategic planning and adaptability will allow individuals and organizations to thrive in an evolving landscape.
As the founder and CEO of the Future Today Institute, Amy Webb helps global companies and governments see what comes next. She’s an expert in strategic forecasting, NYU business school professor, and popular author and speaker on tech and trends. She sat down with host Jeff Berman to share her insights on how every business can better prepare for the future.
Check out Amy Webb's latest tech trends report) to go deeper on the topics discussed in this episode.
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