In certain publications we see a lot of mentions of industrial revolutions. You wait millennia for one to come along then all of a sudden you are well into the fourth.
The first Industrial Revolution centred around the mechanisation of processes by harnessing steam power. The second Industrial Revolution revolved around electrification with the advent of practical electrical availability. The third Industrial Revolution involved digitisation with the dawn of modern day computing. Today, according to the World Economic Forum, we are in the midst of the fourth Industrial Revolution - one that brings together diverse technologies such as the Internet of Things (IoT), Augmented Reality (AR) and Artificial Intelligence (AI) into areas that fit around human augmentation.
Why should we care? There is a clue in the name. These events were and are revolutionary for industry. The fourth Industrial Revolution is upon us and history has proven that ignoring an Industrial Revolution is not a viable option. In 1770 - during the first Industrial Revolution, James Hargreaves invented a water powered textile making machine, which automated the textile making process. The invention met resistance from textile workers. The name of a group of those that famously smashed the machines has become synonymous with backward thinking and not embracing the future - the Luddites.
The fourth Industrial Revolution is powered by a huge collection of independently developing technologies far too broad to tackle in one blog series so we will look at one significant component - Artificial Intelligence.
During the decades that passed from 1956 to the present, progress was undoubtedly made on the ‘algorithms’ that support Artificial Intelligence but two big gaps remained. The missing ingredients were very large quantities of curated data and very powerful computational resources. Cloud Computing delivers the powerful computational resources whilst increasing adoption of digital services from Social Networks to E-Commerce provides the very large quantities of curated data. It should be little surprise then that Salesforce, a Cloud native company that has been gathering large quantities of curated data for decades, should have an important view on Artificial Intelligence.
Salesforce has access to the computational power and large quantities of curated data - the last ingredient is the ‘algorithms’. As mentioned, the algorithms have progressed over time and the number and complexity of these algorithms is growing at an astounding rate. To use these technologies, typically practitioners need skills such as advanced applied mathematics and statistics plus knowledge of programming languages such as Python and R. Individuals with these skills are few and far between. High demand and low supply drive a hefty premium to hire such skilled personnel.
If only Salesforce, masters of low code/declarative, business friendly solutions, had an answer to this challenge...