Seemingly a third exponential shift between businesses and technology has just started and is gaining momentum incredibly fast hence shuttering the first two principles, namely Moore’s Law and Metcalfe’s Law. Now, Watson’s Law — meaning the convergence of data and artificial intelligence which is believed to unlock new opportunities for “incumbent disruptors” has popped out strong.
“This moment that happens after probably 25 years is about to happen. It is an exponential moment because it happens when business and technology architectures change at the same time,” Ginni Rometty, Chairman IBM during the ongoing IBM THINK 2018 Event, in Las Vegas, Nevada.
She continued to say, “Think about the last 60 years, and in that time there has probably been two times when technology caused businesses to grow in an exponential curve and not in a linear curve. One was during the Moore’s Law and the second phase was during the Metcalfe’s law that actually saw the birth of companies like Facebook.”
Ginni Rometty, Chairman IBM
She added that the business world is about to experience a moment of the third exponential shift caused by the convergence of Big Data and AI through which automated data will lead to exponential learning. As a result businesses that adopt this will out run the rest.
“ If you allow me to take a little licence here because every law is named afterwards, maybe the convergence of data and AI will be named as the Watson Law,” she said.
She further explained that in this new era and contrary to before, is that companies and businesses will be the winners.
“You ask why?” she paused “ 20% of data is searchable but 80% of data lies within businesses making business owners incumbent disruptors. This is an era that we just might say that it will favour those with history of their data.”
Rometty also called on customers to go on the offense — empowering people to unlock digital opportunities, while growing and learning exponentially. She added that in the new era people will see a shift to man plus machine as opposed to man versus machines.
IBM THINK is the flagship IBM Conference built up to helps business owners modernize and secure their entreprises. The event unites multiple events that were previously held on separate dates. PartnerWorld is one of the key events within the broader conference.