Peggy and Eric Schaeffer, senior managing director, Accenture, talk about how digital technologies are changing the entire experience and that today consumers and businesses are more interested in the outcomes, rather than the features of the product. He says we are at the beginning of the journey and recommends the steps for manufacturers to take. He suggests that a key component is to partner. Peggy and Terri Lewis, director of digital for power generation, Caterpillar, talk about connecting product with people. She shares that the transformation is in the process and changing business. Further, she says Caterpillar spends a lot of time watching how people operate and identify the transformation in the process. She also talks about her experience visiting a diamond mine.
Peggy says 5G is going to support the growth of the IoT (Internet of Things) in sectors like retail and manufacturing. She explains how 5G is going to disrupt manufacturing and help the factories of tomorrow derive insights from operational intelligence, pointing to specific examples of how 5G can help.
Peggy says the growing demand for low latency is not the only reason we need 5G. It will add jobs, add to the GDP, and lower latency by a factor of a 100 over the current 4G. However, there are going to be many hurdles that need to be overcome like hardware, infrastructure, and software. She says to make the move we have to start taking the steps now.
Peggy says safety has to be a priority when creating AVs (automated vehicles) and partnerships are focused on shortening the time between now and the age of autonomy. She shares examples of partnerships and projects that are going to help put more AVs on the road. She adds that we need to talk about new ways to test the technology and work together as a community to bring it to fruition safely.
Peggy gives some examples of how smart-city competitions can open the doors for greater ideas. She shares how the IoT (Internet of Things) can go a long way in helping cities address pain points and enable better decisionmaking. She also identifies how partnerships are key in furthering the reach in smart cities.
Peggy talks about urbanization and how technology is going to support population growth, pointing to examples such as monitoring water quality, air quality, and pollution level. She digs into a movement called Cittaslow, which is the idea that slowing down is better when it comes to quality of life in a city. She explains that we need to deploy purposeful solutions that keep the end goal in mind and that for smart cities, the end goal is creating livable places where people can thrive.
Peggy shares that the percentage of people clustered around urban centers is globally going to grow from 55% to 68% by 2050—which is going to bring new and exacerbated transportation challenges. She explains how one DOT (Dept. of Transportation) is developing relief plans to address congestion issues with the IoT (Internet of Things). She says technology is opening the door for new types of traffic-management solutions.
Is 5G connectivity necessary for an autonomous future? Peggy explains that 5G is going to be something to watch, as solutions are developed leveraging its power and speed. Still, she asks: Is 5G here? It depends on your definition of here. If you’re saying 5G is here is that the hardware is here, then yes. She says we can potentially do a lot of things quickly, but we have to think about what we are doing and how we want to do it.
Peggy begins the show by highlighting the changing relationship between humans and machines. She talks about the increase in autonomous and intelligent systems in the workplace. She encourages a public discussion, which confronts ethical questions. She brings up the IEEE, which recommends a set of principles when implementing AI (artificial intelligence) and machine learning into a worksite. Tech giants show support for ethical conversations, but Peggy asks: how much is their concern for show, and how much of their support sincere?
Peggy Smedley starts the show by presenting the preparations the U.S. DOT (U.S. Dept. of Transportation) is making to inform the nation on AV (autonomous vehicles). She points out the evolution of technology, marking the transformation of transportation. She acknowledges the significance in talking about the autonomous future, and the collaborative effort it will take to arrive at an autonomous future soon. She asks business owners to consider their company’s position in an autonomous environment.