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MIKE LYNCH

Thought Leader: Data analytics and entrepreneurship

MIKE LYNCH
Thought Leader: Data analytics and entrepreneurship

Big Innovation Centre THOUGHT LEADER: DATA ANALYTICS AND ENTREPRENEURSHIP

Founder of Autonomy, UK – sold to HP

 For the Thought Leadership meeting on March 10th 2015, Mike Lynch's reflexion:

On faster and more intelligent solutions

“Being in technology is always interesting, and almost always exciting, but we are at a particularly intense moment now, as we almost have a perfect storm of situations: processing speed has, well… sped up; battery life is constantly improving, hardware is shrinking before our eyes, and the cost of development has also reduced considerably. Add to this recent advances in mathematics and machine learning, and we are on the cusp of another giant leap in technology that will have far reaching implications for our society. On the positive side, we will benefit from faster, more intelligent computers. We might not see driverless cars in Trafalgar Square by next summer, but many of the features will be incorporated into our everyday cars to make our roads safer. The promise of personalised medicine is within reach as the field of bioinformatics matures, with huge impact in the fields of oncology and congenital diseases. Speech and audio recognition are improving, which will influence a very broad range of services, from Siri to call centres and enhancing security from video cameras, etc.” 

 

On the over-hyped

“And as for over-hyped: I think the threat of machines destroying humans is somewhat exaggerated. I don’t think it is something I need to worry about in my lifetime.” 

 

On the under-hyped

“There is big talk of unicorns in tech at the moment, with sky high valuations for Silicon Valley companies that have no revenue but multi-billion dollar valuations. If nothing else, these unicorns bring into focus the value of data and user information. I can’t tell whether Snapfish or Pinterest or even Uber will live up to the expectations, but they do highlight the perceived value of consumer data.

I am no longer intrigued by the behaviour of investors in Silicon Valley, I am grateful that they don’t create the same bubble over here,  but I remain somewhat mystified that they can’t see the power of the great tech in the UK because we remain unable to market it adequately. So I would argue that British technology continues to be under-hyped, even with the tremendous advances we have made in the past decade. “

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