Digital assets are disrupting finance – the world’s largest industry. All assets, intellectual property, and even currency can now be digitized, and anyone can access anything from anywhere. The finance industry is being this intermediated and globalized, economic development and policy will be forever changed.
Transformation, Valuation, Employment, and Deflation
Disruption to some of the world’s most important industries, deflationary pressure caused by scaling lower-cost businesses, and sustained low interest rates challenge traditional valuation models. Technological platforms, from blockchain-based businesses to energy storage to DNA sequencing, enable unprecedented disruption to business and economic models.
Interest rates will remain low, equity values will remain high, innovation will drive deflationary pressure, and volatility will be intense and frequent. A new approach is required to understand dynamic global competition and sustainable value.
Over the last decade, the dramatic rise of deep learning has led to stunning transformations in dozens of industries. It has powered our pursuit of self-driving cars, fundamentally changed the way we interact with our devices, and reinvented our approach to cybersecurity.
In health care, however, despite many studies showing its promise for detecting and diagnosing diseases, progress in using deep learning to help real patients has been agonizingly slow. All this could change with distributed learning.