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Ray Kurzweil to open SIMposium 2014

from SIM

The opening keynote from Ray Kurzweil will set the stage for SIMposium 2014 — it's all about innovation. The democratization of innovation is a turbulent process with rapid creation, violent destruction, many winners and many losers. Despite the apparent chaos, we can discern predictable patterns. The pace of innovation itself is doubling every decade. The overall price-performance and capacity of every form of information technology grows exponentially, generally doubling in a year or less. As information technology achieves each new level of price-performance and capacity, new applications become feasible and existing business models lose their viability. Another implication is that the tools of disruptive change have been democratized. A couple of students created Google on their thousand-dollar laptops. A few years later, a couple of undergraduates created Facebook with tools that everyone has. The rate of change is now so rapid that even three- to five-year business plans need to consider that every level of an industry will undergo major changes during that period. It’s not just the devices we carry around that are influenced by these exponential changes.

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