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Abundance: Harnessing Technology, Ethics, and Human Ingenuity

BW Businessworld

|

October 05, 2024

AS THE WORLD GRAPPLES with an era of intensifying geopolitical tensions, we find ourselves at a crossroads, where the risks of traditional power struggles and the promises of emerging technologies intersect.

- Srinath Sridharan & Shailesh Haribhakti

Abundance: Harnessing Technology, Ethics, and Human Ingenuity

Yet, amid these global uncertainties, there is a powerful reason for optimism. Technological breakthroughs are unlocking slowly but steadily new ideas of abundance, suggesting that the future may hold a world where scarcity is no longer the norm. This can be further catalysed with global political will.

Recent advancements are nothing short of revolutionary. The use of entangled photons for secure communication over the quantum internet is setting a new standard for data security in our increasingly digital lives. The prospect of human settlements on Mars and the moon, once confined to the imagination of science fiction, seems now within human reach, and in the next couple of decades, could be cost effective too. Innovations like ultra-fast charging for phones and electric vehicles, in-memory computing that drastically improves efficiency, and quantum-safe navigation systems utilising Earth’s electromagnetic fields, are redefining the possibilities for human progress.

However, these technological marvels are not ends in themselves. For them to truly enhance our lives, the modern industrial society must actively engage with them, embracing the joy of experimentation with safe boundaries and the spirit of collective learning and access for all. Only when we share technological advancements widely, can we ensure that more people can participate in and benefit from them. This democratisation of technology is essential; it transforms what might seem extraordinary into something accessible and beneficial for all.

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