As many business leaders and government officials are debating on the potential impact of Artificial
Intelligence on their cost and profit structure, they actually may already be late to the party.
Forward thinking companies in financial services, high tech and telecommunication are re-thinking their
business process to boost productivity. According to Accenture the growth of profits dropped from 25
percent in 2010 to -3% in 2015. On the other hand, there is a potential to boost profitability an average
of 38% by 2035. This will lead to the creation of $14T across 16 industries in 12 economies by 2035
(Source: The impact of AI on profits by industry – Accenture and Frontier Economics).
So, it is here, and it will create massive changes in our economies. No doubt. What most people see is
the impact on their job. As productivity changes scale, millions of people need to be redeployed on
additional and new added value activities. The need for re-training for both the workforce and our
government and business leaders is certainly one of the first priority. In this early 2018, the initiatives
to fully embrace this new digital frontier should be at the top of all leaders’ agendas.
The classic People, Process and Technology is a rational way to address the topic.
As far as the Process is concerned, identifying how millions of tasks can be automated and how
decisions can be made based on successful patterns is a first step that can lead to significant
improvement. As an example, in the supply chain world, newly created platforms unify procurement,
logistics, manufacturing, and inventory operations in real time and provide early warning of potential
problems and propose alternative solutions; thanks to processes retooled with AI they analyze tens of
millions incidents per day and US$ trillion worth of products in real time.
The People aspect will be the north face for most businesses. According to Michael Chui from McKinsey
Global Institute, half of our workforce activities can be automated. But on the other hand, the world will
welcome millions of people coming from India, China, Indonesia, Africa and others. These populations
are entering the consuming age with needs for a better efficiency energy mix and will create enough
new jobs to offset the cut in traditional economies.
Then Technology. There is so much to say here. So, in a nutshell the first vital technology need is a
new automation protocol that fully leverages artificial intelligence and allows businesses and individuals
to fully develop their potential. The blockchain was the first step since it provided a decentralized ledger
to transfer and store information safely. But the reality is that it is still a heavy process to approve the
blocks (transactions). The concentrations of approvers (miners) in a few countries/hands is a complete
paradox to the original spirit of the Blockchain and the energy needed to power the server farms is just
impossible to scale to the level needed to rethink entire economies.
What is coming next?
NeuroChain (the “Company”) is the best answer available since it is a brand new protocol based on a
new consensus that does not give the priority to the biggest computation capacity or the wealthiest
approvers, but rather the best behaviors (entropy, enthalpy and integrity, see below, or in our blog for
scientific whitepaper for further technical descriptions).
With NeuroChain intelligent bots can evolve thanks to machine learning and benefit from the collective
improvement made by other providers in the system. This new protocol, an open source language, can
be deployed safely and benefit from the collective intelligence created by the network of contributors.
This is a very disruptive way to address technology since it is based on a rapidly evolving language that
is accessible by all. Pioneers for sure will be the first to benefit from these new productivity boosts.
Nobody can afford to be left behind.
NeuroChain will propose the protocol that will securely help to augment business processes with AI.
Business leaders have the expertise in their field, with NeuroChain, they will also have the best strategy
to stay ahead of the pack.