Saman: Hello and welcome to the first module. In this module, I'll talk about how Cloud technology is changing just about everything. I'll cover innovations throughout history that led to paradigm shifts in business and human life. Then how Cloud technology is enabling a new wave of digital transformation. Next, I'll break down the trends in compute power and data processing capabilities, and finally, I'll show you how cloud computing uses industrial scale compute power and vast amounts of data to create exponential value for businesses. Let's begin. Innovation doesn't come in a linear way, it comes in waves, and each of these waves is powered by a breakthrough technology. There was the age of the printing press, the steam engine, electricity, the transportation age, the first computers, and today, data science, also known as the age of cloud technology. Each of these inventions triggered thousands of innovations in what are called Kondratiev Waves or innovation waves. Consider the invention of the printing press. It was revolutionary because it gave everyone access to books, encyclopedias, and even playing cards in their day to day lives. It also led to a broader recognition of intellectual property through widely distributed patents, which in turn paved the way for the first industrial revolution. There was no turning back. Steam powered engines brought us cars and trains, which then radically transformed the transportation industry, allowing businesses to produce and transport goods at scale. The entire industrial revolution resulted from new technologies that came together, enabling new ways of working. In the same way, electricity brought us the light bulb, household appliances, and eventually the computer. These waves all have one thing in common, they transform both the supply and the demand at the same time. Let me explain. On the supply side, the new technology can dramatically improve productivity. At the same time, the new technology can increase consumption, which generates more demand. Let me give you a specific example. With electricity, factory managers were able to operate during the day and at night. They could also share information instantly via telegrams, organization suddenly became much more productive. At the same time, electricity created new value that didn't exist before. It gave birth to consumer goods that were then advertised on the radio and on television, which in turn significantly increased the demand for those consumer goods. What the printing press, the steam engine and electricity all have in common, is that they're all examples of a paradigm shift. A fundamental and irreversible change in the way that humans work and engage with the world. Now, how does this relate to current technology? You guessed it, we're right in the middle of another paradigm shift. Cloud technology is transforming how businesses create value, how people work, and ultimately how people live. As with any other innovation, wave Cloud technology is generating thousands of new innovations such as chat bots and predictive medicine. This is a branch of medicine that aims to identify patients at risk of developing a disease, thereby enabling either prevention or early treatment of that disease. What is the Cloud or Cloud technology exactly? How has it created a paradigm shift? I'll cover that next.
