Arthur Hanson
Well-known member
The big question that is being overlooked in the financial community is the impact of inflation to drive a technological surge that could radically alter almost all business decisions. Technology has the power to automate many tasks at the lower end, but the real payoff would be to automate high end tasks using AI/ML coupled with big data, just like Tesla uses the data feedback from its fleet to help automate and improve its self-driving functions and systems. Automating low end tasks is a given, but automating even the high end professions to an even greater degree than it is now will come into play with the use of big data combined with AI/ML on platforms that are curated by a few and greatly leverage the productivity of people working in the professions. EDA is an ideal example of this and much of this structure could be applied to numerous fields, like medical where forty percent of a doctors time is spent on diagnostics, an area that could be greatly automated with low cost sensors of numerous types tied to a smartphone, not only improving diagnostics greatly but constantly accelerating advancements from the constant accumulation of more data. This is just a thumbnail brief of a trend that could propel the semi and tech sector even faster than it is already advancing. 5G worldwide will only accelerate these trends. It might even to drive down costs in many more areas than it has already done and reverse inflation as it has done with cell phones, led lighting, the reliability and increased fuel efficiency of autos, to name just a very few of the examples already out there. All this could actually greatly accelerate the semi/tech sector even faster than it is moving now with an ever greater impact on the world's finances and even social structure. The accelerating Any thoughts, comments, or additions solicited and welcome.
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