Monday, 13 February 2017

Black Swan Technology

The few large impact technologies (versus slightly incremental advances in technologies) that occurred in the past 10 years were black swan technologies. In his book, Nassim Taleb defines a Black Swan as an event of low probability, extreme impact, and with only retrospective predictability. 

Conventional wisdom would say to make incremental improvement to maximize the potential of the existing infrastructure. The fundamental flaw in the conventional wisdom is the failure to acknowledge the possibility of a black swan. I believe the likely future is not a traditional econometric forecast but rather one of today's improbable becoming tomorrow's conventional wisdom! With a black swan technology shot you need not be constrained with the limits of the current infrastructure, projections or market. You simply change the assumptions.

Philosophical prediction of problem by Black Swan Technology 

Your Black Swan idea to bring technology to this balkanized, archaic industry.

For that we must look for and invest in quantum jumps in technology with low probability of success; we must create in Black Swan technologies. We must enable the multiplication of resources that only technology can do.

You can say it Ultra technology?

So what are these next generation technologies, these black swan technologies of energy? Consider 100 percent more efficient vehicle engines, ultra-cheap energy storage, and countless other technological leaps that we can't yet imagine.