Last year when I attended the World Economic Forum in Davos, I was struck by the number of people talking about data. This year, the conversation has shifted...a lot! Most people I came across at the WEF and in the weeks following are now talking about cognitive computing. People readily accept now that we can mine large data sets of structured and unstructured data for new insights. This is no longer a debate about false correlations and getting the questions right (although still an important consideration).
The discussion has shifted to the power of cognitive computing, and the ability of the "machine" to think through problems it could only "search on" before. Things like IBM's Watson has changed the way we think about using computers. And this is only the beginning.
The rise of cognitive computing will have massive impacts on the business world as we know it. Jobs will change materially over the next decade. Some skill sets will no longer be needed. The debate is around when and to what degree, not whether it is possible.
Autonomous cars, 3D printing, drones, Artificial Intelligence and robotics will all impact our daily lives. But what about insurance? What impacts will we feel? Which ones will we embrace and drive, and which will we resist? And most importantly, can we adapt fast enough?