A joke circulating in the WhatsApp circuit these days is that Amazon knows when a girl is expecting a baby well before her parents know, because of all the data on the products she suddenly takes an interest in. And of course, Facebook probably knows when she is likely to become pregnant almost before she thinks about it! One wonders whether this will be truly something to “like”. Nothing is private anymore and while the unseemly eyeball to eyeball confrontation that Facebook and Cambridge Analytics are having with governments in the USA, the UK, Singapore and India will die down at some point, it has raised fundamental issues of “who owns my data” that will rightly worry policy planners in the government and the entire digital society for much more time to come.
Illustration by Binay Sinha
There are many forts of our thinking from yester-years that will crumble under the relentless assault of artificial intelligence, deep learning and prescriptive analytics in the years to come. Speeding down the Lincoln Tunnel between New Jersey and New York with a friend last month, I was surprised he let his Tesla car take over the driving for a few minutes while he showed some features of a software product we were discussing. Robotic advisory tools have already taken the analytical pain out of investment decisions and become invaluable assets for private bankers and wealth management advisors. The expertise of medical diagnostics and even a majority of operations are being taken over by digital tools and robots and the march of cyber-physical systems as a key driver of manufacturing, shopfloor systems, warehousing and logistics have been discussed earlier in this column as some of the key pillars of Industry 4.0.
The virtuous circle of Artificial Intelligence (AI) and natural learning will continue to change the way humans acquire skills and manage their learning processes as well. Already, digital platforms are providing AI assistants that enable corporate executives to assess their career options, mine for skills that would help them to progress from one level of expertise to the next in a chosen skills path and even choose the learning style and content which suits their own cognitive styles. In a future experiment we will be trying at Pune City Connect and Social Venture Partners in the skills development lighthouses for rural and underprivileged youth, an AI “dost” will be assigned to a person during the counselling phase, play the role of companion for blended learning during the skills acquisition process and be available even after the person gets on the job to search and schedule mentors and provide remedial learning on the job. If somebody was looking for the value additions that AI bots can provide in future, this would surely be one of the most valuable.