LA Voice: Insights From EO University Portugal On How Technology Intersects with Entrepreneurship
July 10, 2019
This article features snippets of the full story written by Jeanette Ipapo-Tuason for Lifestyle Asia’s July Edition titled, “Visionaries in their Own Right.”
An Oxford University research paper says that almost 50% of jobs will be obsolete in less than 25 years because of Automation. What is the significance of this information? This supposes that artificial intelligence (AI) will surpass human capacity in doing not just manual labor, but analytic work as well eventually. What does this mean for the future of businesses?
I am a learning junkie. In fact, in my Clifton Strengths Finder evaluation, Input is one of my strongest suits. So, for the past 5 years that we have been part of the Entrepreneurs Organization, we have been chasing all their once-in-a-lifetime learning experiences all over the world. The latest one we attended made a meaningful impact on me—EO Portugal University’s education on New Horizons.
The changing industries
Some countries have legalized drone delivery. Amazon and Google are in a head to head battle on this technology that experts are predicting the disruption on the home appliance business. There was a point in time that GE was the biggest company in the world before being surpassed by Microsoft and Amazon. With drone delivery, who would need a refrigerator or a cooking range if they can deliver healthy homecooked meals from Wholefoods market on demand? Imagine how much electricity and time we will save.
For me, the most unsettling is the rise of AI, maybe because I lived in the era of Terminator movies where AIs are depicted as beings that can bring about the next apocalypse. But looking at it from a more rational point of view, what is the purpose of these inventions? Is it not to remove the human factor in all business processes? To make more efficient and cost-effective production lines? So, what will people do, now that technology is aiming to replace them?
My key takeaway from EO Portugal University is that we have the power to create our own narrative. We must move past our limited mindset; fenced by our history, education, and what we see… We have the capacity to create or harness technology and calibrate efficiency of this invention to life, to solve the big problems in front of us.
Read the full article of Jeanette Ipapo-Tuason on Lifestyle Asia’s July Edition titled, “Visionaries in their Own Right.” Download your digital copy on Magzter and Flip 100, or purchase your print copy on Lazada, Shopee or your nearest bookstore. For orders, email [email protected]