August 2018 Disruption Report Flip Book

AUGUST 2018
does not exist in a vacuum – its capabilities
Emerging technologies are mutually reinforcing and the abilities of any one new technology are
ment of all other technological innovations
influenced by its interactions with other technologies.
s of any one new technology are influenced by its interactions with other technologies
MUTUALLY REINFORCING TECHNOLOGY INTERACTIONS
Source: The New Physics of Financial Services, World Economic Forum
The New Physics of Financial Services | 12
Focus on AI alone is not sufficient to understand the myriad ways in which it could be used within financial institutions. Much like other disruptive technologies, AI is not a panacea, and must be understood within the context of all other technologies that will affect how businesses operate.
Advances in any one technology will increase the capabilities of all other technologies that interact with it. For example:
Several examples of mutually reinforcing interactions
Block- chain
Decision-making for smart contracts
AI
Quantum
Data
Processing power
New computational capabilities
Cloud
h | AI and other technologies
t to understand that AI
Supercharging
ined with the develop
blockchain
s are mutually reinforcing, and the abilitie
technology
ficient to understand the myriad ways in which it
al institutions. Much like other disruptive
acea, and must be understood within the context of
ill affect how businesses oAperattiefi. cial logy will increase the capabilities of all other
th it. For example:
Intelligence
e of immutable data that does not require hich could be critical for identity management
g holds the potential to break many encryption
so bring new and even stronger techniques that will ecure
omputation methods provided by quantum tackle new problems that were previously
y complex and automated smart contracts to be blockchain use-cases to enter the mainstream
vide both the data storage and the processing power I models, in turn making cloud infrastructure a
ns
ons is endless, and will continue to develop and mature and new disruptive technologies come to
with
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