There are exciting things happening in the field of artificial intelligence. One promising approach is reverse engineering of the brain in order to emulate biology.
Contrast this technological wonderland with the linear perspective of the driving forces in business and the economy, measurements such as energy costs, commodity prices, and capital investment.
The linear view and the projections that stem from it assume that the pace of change will continue at the current rate or adhere to historical patterns. There are other factors, often overlooked or set aside because they are difficult to measure, such as intellectual property, computational memory and bandwidth, and knowledge.
The history of the impact of innovation on business and the economy is cluttered with examples of companies that dominate their industry and then get blindsided by somebody with a bright idea working in a garage.
There lurks the possibility of entire industries being obsoleted by the exponential pace of science and technology, and the notion that even exponential is becoming exponential.
