Preparing for artificial intelligence, or the fourth wave of industrialisation

This article was originally published on Xero Blog on 5th September 2018

It’s Day 1 of Xerocon, and the Brisbane Convention and Exhibition Centre is buzzing with excited accountants and bookkeepers as they explore what’s on offer.

Anthropology professor and futurist Genevieve Bell, known for her work at the intersection of culture and technology development, took the stage today and shared with us her vision of how artificial intelligence, or AI, will shape our lives.

“AI is nothing more and nothing less than the steam engine of the 21st century,” said Professor Bell. “Steam engines were originally used to power mining operations. But over the next 100 years, they changed the ways we live in ways far beyond the mines – enabling us to build railway systems.”

We are now on the cusp of a fourth wave of industrialisation, says Professor Bell. The first wave, in the 1800s, was about mechanisation using steam power. The second wave was about the electrification of mass production, which gave us the assembly line in the 1900s and electricity in the home. The third wave, starting in 1946, was about computers.

Now, we are entering an era of cyber-physical systems – drones, robots and self-driving cars powered by artificial intelligence. They will change how we live in ways we can’t anticipate today, just as no one envisioned the railways and automated factories that would spring from the first steam engines, said Professor Bell.

As we enter this age, we need to consider five issues about AI:

  1. The question of autonomy

  • Are these machines really going to be autonomous? And if so, what do we mean by that? Are they really running around with complete free will?

  • To make a machine autonomous you need AI technology.

  1. The nature of agency

  • What are the rules? Someone is going to have to determine what those rules are. Someone has to decide how many rules there are and what rules this system should follow.