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The Most Important Democrat in the 2020 Race

Andrew Yang Sees the Future

He’s right, and he’s good for the 2020 race.

Odds are decent that you’ve never heard of Andrew Yang. I don’t think he can win, but I do think he’s talking about the most interesting political issue of the next 20 years.

The 2020 election is a long way away. I’m not here to make predictions, but the 2018 midterm and Trump’s approval ratings suggest that the Democratic nominee already has an advantage. But looking to 2020 and beyond, as the country continues to diversify and Trump’s base, along with conservatives, broadly, die at a faster rate than Democratic voters come of age, the electorate is shifting blue and our elected representatives will soon better represent it.

I don’t want to go down this prediction rabbit hole except to suggest that certain items we view as politically contentious will, I believe, be put to bed soon, including:

  • Climate change – It’s real and we need to take it more seriously.
  • Universal healthcare – We long ago codified universal access to care. Now we need a better way to pay for it.
  • Immigration – We need more of it and a better process.
  • Debt – It’s hard to see how we could do worse than we’re doing today.

I have confidence that we are entering a political climate wherein we can address all of these issues. And while the work will last decades, and perhaps centuries, with a shared understanding of the problems and a commitment to solving them, we will make tremendous progress on all fronts.

Which brings us to the next major political issue of the coming 20 years, Universal Basic Income.

 

Universal Basic Income – a Social Imperative.

As we enter an age of AI-driven automation, UBI is inevitable. According to AI expert Kai Fu Lee, 40% of jobs are at risk in the next 15-25 years. PWC projects 30% of jobs will be lost. These are huge numbers that are not likely to be overcome through jobs gained in AI.

Further, according to McKinsey, there will be significant skill mismatches in the labor force. All of this coincides with an accelerating trend of separating labor from economic output.

 

We Can Afford It.

The impact of automation on the labor force is foreseeable and it may well come rapidly. This will shock the labor force and has the potential to hurt our consumer-driven economy in the short run.

The upside is that productivity will continue its acceleration. While stocks markets may oscillate, the next technological revolution will power long term economic growth. We are a rich country that will keep getting richer. We should raise taxes on the rich (not 70%, but higher than 37%) and we may need to tax the output of robots and automated systems.

It’s in this context, where millions, maybe tens of millions, will find it near impossible to find work, that we’re going to need to rethink how we provide for the basic needs of large swaths of the population.

UBI is a solution for this high automation, low labor economy. Andrew Yang knows this. He’s right, and he’s ahead of the curve on this topic. I’m glad he’s bringing this important issue to light.

See more about him and his campaign.

Anomaly Detection in Video & Image Classification

We’re seeing and doing all sorts of interesting work in the image domain. Recent blog posts, white papers, and roundtables capture some of this work, such as image segmentation and classification to video highlights. But an Image area of broad interest that, to this point, we’ve but scratched the surface of is Video-based Anomaly Detection. It’s a challenging data science problem, in part due to the velocity of data streams and missing data, but has wide-ranging solution applicability.

In-store monitoring of customer movements and behavior.

Motion sensing, the antecedent to Video-based Anomaly Detection, isn’t new and there is a multitude of commercial solutions in that area. Anomaly Detection is something different and it opens the door to new, more advanced applications and more robust deployments. Part of the distinction between the two stems from “sensing” what’s usual behavior and what’s different.

Anomaly Detection

Walkers in the park look “normal”. The bicyclist is the anomaly. 

 

Anomaly detection requires the ability to understand a motion “baseline” and to trigger notifications based on deviations from that baseline. Having this ability offers the opportunity to deploy AI-monitored cameras in many more real-world situations across a wide range of security use cases, smart city monitoring, and more, wherein movements and behaviors can be tracked and measured with higher accuracy and at a much larger scale than ever before.

With 500 million video cameras in the world tracking these movements, a new approach is required to deal with this mountain of data. For this reason, Deep Learning and advances in edge computing are enabling a paradigm shift from video recording and human watchers toward AI monitoring. Many systems will have humans “in the loop,” with people being alerted to anomalies. But others won’t. For example, in the near future, smart cities will automatically respond to heavy traffic conditions with adjustments to the timing of stoplights, and they’ll do so routinely without human intervention.

Human in the Loop

Human in the loop.

As on many AI fronts, this is an exciting time and the opportunities are numerous. Stay tuned for more from Doctrina.ai, and let’s talk about your ideas on Video-based Anomaly Detection or AI more broadly.

Artificial Intelligence Will Take Jobs

A few months back, Treasury Secretary Steve Mnuchin said that AI wasn’t on his radar as a concern for taking over the American labor force and went on to say that such a concern might be warranted in “50 to 100 more years.” If you’re reading this, odds are you also think this is a naive, ill-informed view.

An array of experts, including Mnuchin’s former employer, Goldman Sachs, disagree with this viewpoint. As PwC states, 38% of US jobs will be gone by 2030. On the surface, that’s terrifying, and not terribly far into the future. It’s also a reasonable, thoughtful view, and a future reality for which we should prepare.

Naysayers maintain that the same was said of the industrial and technological revolutions and pessimistic views of the future labor market were proved wrong. This is true. Those predicting doom in those times were dead wrong. In both cases, technological advances drove massive economic growth and created huge numbers of new jobs.

Is this time different?

It is. Markedly so.

The industrial revolution delegated our labor to machines. Technology has tackled the mundane and repetitive, connected our world, and, more, has substantially enhanced individual productivity. These innovations replaced our muscle and boosted the output of our minds. They didn’t perform human-level functions. The coming wave of AI will.

Truckers, taxi and delivery drivers, they are the obvious, low-hanging fruit, ripe for AI replacement. But the job losses will be much wider, cutting deeply into retail and customer service, impacting professional services like accounting, legal, and much more. AI won’t just take jobs. Its impacts on all industries will create new opportunities for software engineers and data scientists. The rate of job creation, however, will lag far behind that of job erosion.

But it’s not all bad! AI is a massive economic catalyst. The economy will grow and goods will be affordable. We’re going to have to adjust to a fundamental disconnect between labor and economic output. This won’t be easy. The equitable distribution of the fruits of this paradigm shift will dominate the social and political conversation of the next 5-15 years. And if I’m right more than wrong in this post, basic income will happen (if only after much kicking and screaming by many). We’ll be able to afford it. Not just that — most will enjoy a better standard of living than today while also working less.

I might be wrong. The experts might be wrong. You might think I’m crazy (let’s discuss in the comments). But independent of specific outcomes, I hope we can agree that we’re on the precipice of another technological revolution and these are exciting times!

Programmatic Video Highlights

AI Video Classification

For many years, and with rapidly accelerating levels of targeting sophistication, marketers have been tailoring their messaging to our tastes. Leveraging our data and capitalizing upon our shopping behaviors, they have successfully delivered finely-tuned, personalized messaging.

Consumers are curating their media ever more by the day. We’re buying smaller cable bundles, cutting cords, and buying OTT services a la carte. At the same time, we’re watching more and more short-form video. Video media is tilting toward snack-size bites and, of course, on demand.

Cable has been in decline for years and the effects are now hitting ESPN, once the mainstay of a cable package. Even live sports programming, long considered must see and even bulletproof by media executives, has seen declining viewership.

 

So what’s to be done?

To thrive, and perhaps merely to survive, content owners must adapt. Leagues and networks have come a long way toward embracing a “TV Everywhere” distribution model despite the obnoxious gates at every turn. But that’s not enough and the sports leagues know it.

While there are many reasons for declining viewership and low engagement among younger audiences, length of games and broadcasts are a significant factor. The leagues recognize that games are too long. The NBA has made some changes that will speed up the action and the NFL is also considering shortening games to avoid losing viewership. MLB has long been tinkering in the same vein. These changes are small, incremental, and of little consequence to the declining number of viewers.

Most sporting events are characterized by long stretches of calm, less interesting play that is occasionally accented by higher intensity action. Consider for a moment how much actual action there is in a typical football or baseball game. Intuitively, most sports fans know that the bulk of the three-hour event is consumed by the time between plays and pitches. Still, it’s shocking to see the numbers from the Wall Street Journal, which point out that there are only 11 minutes of action in a typical football game and a mere 18 minutes in a typical baseball game.

 

A transformational opportunity

There is so much more they can do. Recent advances in neural network technology have enabled an array of features to be extracted from streaming video. The applications are broad and the impacts significant. In this sports media context, the opportunity is nothing short of transformational.

Computers can now be trained to programmatically classify the action in the underlying video. With intelligence around what happens where in the game video, the productization opportunities are endless. Fans could catch all of the action, or whatever plays and players are most important to them, in just a few minutes. With a large indexed database of sports media content, the leagues could present near unlimited content personalization to fans.

Want to see David Ortiz’s last ten home runs? Done.

Want to see Tom Brady’s last ten TD passes? You’re welcome.

Robust features like these will drive engagement and revenue. With this level of control, fans are more likely to subscribe to premium offerings, offering predictable recurring revenue that will outpace advertising in the long run.

Computer-driven, personalized content is going to happen. It’s going to be amazing, and we are one step closer to getting there.