The Industries of the Future | Book Series

Overview: 

In The Industries of the Future, Ross provides a “lucid and informed guide” (Financial Times) to the changes coming in the next ten years. He examines the fields that will most shape our economic future, including robotics and artificial intelligence, cybercrime and cybersecurity, the commercialization of genomics, the next step for big data, and the impact of digital technology on money and markets. In each of these realms, Ross addresses the toughest questions: How will we have to adapt to the changing nature of work? Is the prospect of cyberwar sparking the next arms race? How can the world’s rising nations hope to match Silicon Valley with their own innovation hotspots? And what can today’s parents do to prepare their children for tomorrow?

Ross blends storytelling and economic analysis to show how sweeping global trends are affecting the ways we live. Sharing insights from global leaders—from the founders of Google and Twitter to defense experts like David Petraeus—Ross reveals the technologies and industries that will drive the next stage of globalization. The Industries of the Future is “a riveting and mind-bending book” (New York Journal of Books), a “must read” (Wendy Kopp, Founder of Teach for America) regardless of “whether you follow these fields closely or you still think of Honda as a car rather than a robotics company” (Forbes).

Author:  

Alec Ross

Published In:

07 February 2017

Bernoulli trial | Glossary

Definition: 

Bernoulli trial is also known as binomial trial where only two outcomes of a given experiment is possible. If a flip a coin, only two outcomes are possible, that is, head and tail. Hence, flipping of coin is a Bernoulli trial. If we roll a dice six outcomes are possible, that is, 1,2,3,4,5,6 and hence, rolling of a dice is not a Bernoulli trial. To get the probability of the outcomes of a Bernoulli trial, binomial probability formula is used. Some real life examples of a Bernoulli trial are if a bulb is on or off, if a question is answered correctly or not, if a student has passed or failed. 

Further Reading: 

Book: Playing to win by A. G. Lafley and Roger L. Martin