The True Meaning of Industry 4.0 for Manufacturers

Germany has been bandying about the slogan Industry 4.0 for about 10 years now, yet most people still don’t know what it is all about.  It is an excellent piece of marketing slang, both extremely complicated to understand and yet brilliantly simple. Even those who get it, however,  mostly fail to grasp the implication ofContinue reading “The True Meaning of Industry 4.0 for Manufacturers”

Forget Fake News – Here Comes Fake Data

AI voice assistants will cause a flood of fake data Everyone and their grandma are now working on algorithms to fact-check news. But as manufacturers, marketers and especially as consumers, we are facing a much bigger enemy. It is called artificial intelligence. This is the present: you run out of milk and go to theContinue reading “Forget Fake News – Here Comes Fake Data”

The Fall of the Language Barrier Brings Huge Cultural Challenges

The time has come when machine translation, first conceptualized in the 1960s, is finally useful. Google and hundreds of smaller companies have developed algorithms, mined data, used human translation examples and employed syntactic and contextual analysis and every tool in the book to come up with software that essentially breaks down the language barrier completely. YouContinue reading “The Fall of the Language Barrier Brings Huge Cultural Challenges”

Practical Blockchain Applications Are Taking Off

In my first article on the blockchain I listed some random ideas for non-financial blockchain applications based on my own preliminary vision of the technology. The post received a lot of attention. Many people messaged me saying that I was overestimating the potential or misunderstanding the technology. Some of the reactions were constructive criticism. InContinue reading “Practical Blockchain Applications Are Taking Off”

Deflating Towards Utopia

Politicians and bankers still seem to think that low inflation is a temporary problem. It is not. We are quickly moving towards a complete deflation of the economy. Central banks have inflation targets. We want inflation, because with inflation, money is more expensive in the future, thus better spent today. Inflation means growth, deflation meansContinue reading “Deflating Towards Utopia”

Blockchain Is the Most Disruptive Invention Since the Internet

By now you are sure to have heard of Bitcoin and the blockchain technology. Even so, very few people seem to realize that the blockchain won’t just kill banks, brokers and credit card companies. It will change every transactional process you know. Simply put, blockchain eliminates the need for clearinghouse entities of any kind through the principle ofContinue reading “Blockchain Is the Most Disruptive Invention Since the Internet”

Are We Facing a Deluge of VR Disorders?

Psychological disorders caused by prolonged exposure to PC games are already a serious issue. In 2015, two Taiwanese men died from marathon gaming binges within three weeks of one another. Deaths have also been reported in China, Korea, the USA, and Vietnam. Excessive gaming reportedly causes problems with logical thinking and the ability to interactContinue reading “Are We Facing a Deluge of VR Disorders?”