As the population of the elderly increases, the need for technology has been steadily progressing to assist those who need it. The basic categories that affect these people are healthcare and lifestyle. For healthcare, there are medical technologies that have been introduced to assist. These tools will most likely require the help of an elderly person’s children or caregiver, so there are some barriers to entry. Additionally, there will not be as many private care options, as explained by the “caregiving cliff”, but AI could offer a cheaper alternative to some of the technological issues that occur. For example, the 3506 project, Memory Lane is a product that is geared to those with memory loss, and specifically the elderly. Although these technologies may be difficult for the elderly to understand, it can bring families together and create stronger bonds and connections. A drawback of these applications is also the cost of the products. This can create a socioeconomic divide between those who can afford it and those who cannot. Do you think that the elderly will be able to overcome the AI learning curve? Will caregivers be replaced by AI in terms of technological advances? How do you think AI will advance in the future to aid the younger population?
It is well known that the increase of the cryptocurrency, Bitcoin has made remarkable changes to the banking industry, but are those changes so remarkable that they were disruptive? Bitcoin would probably be an example of new-market disruption because although there are already monetary products available, the nature of the game is changed to be something intangible. There are also some concerns due to the authenticated cryptology that is used in the transactions, specifically the ability to ask for a refund in the case of fraud. Additionally, the places that accept Bitcoin is very low compared to traditional stores. This creates a barrier to entry due to the need for an increased knowledge of the technology related to the cryptocurrency. I do not believe that Bitcoin is a true example of disruptive innovation, but I do believe that with the addition of block-chain technology, the banking industry could be changed. Is Bitcoin disruptive innovation? Will block-chain technology change how we view the banking industry? Will Bitcoin overtake the banking industry or not due to barriers to entry?
With the rise of car-hailing services like Uber and Lyft, the cities with these services are now looking for the next “big thing”. Through systems thinking, Ford has created a product called C-V2X which “will enable our cars and cities of the future to share fast, safe, and secure communications”. This product will enable an increase in traffic flow and will open up more curb space within cities. Since the product uses data to determine these functions and changes, there will not need to be a change in city infrastructure. This will also increase safety on the streets by allowing other vehicles know of certain hazards. Currently, the navigation company, Waze, does have similar features, but they are elementary compared to the data that this product will provide. On the other hand, systems thinking is being discussed in Barcelona through the idea of “superblocks”. This plan has a goal to reduce traffic, pollution, and noise by redesigning traffic flow and restricting certain vehicles in certain areas. While both of these ideas implement systems thinking and redesigns, they are completely different in regards to the process taken to get to the same shared goal. What do you think about these two ideas? Will they work? Is one idea more viable than another? Are these ideas feasible at all?