Artificial Intelligence (AI) and other disruptive technologies such as the Internet of Things (IOT) present significant challenges for risk practitioners and those responsible for organizational governance. AI and IOT are driving technology innovation at unprecedented levels. The rate of change as well as the degree of change are occurring faster that we have ever seen before.
The dramatic rate of change is best illustrated by Buckminster Fuller’s knowledge doubling curve. Buckminster Fuller was an American futurist, prominent author, and university professor. Fuller developed the knowledge doubling curve in the 1980s to illustrate how the collective knowledge of humankind was changing. Knowledge is defined as information and skills acquired through experience or education and Fuller’s knowledge doubling curve is intended to measure the knowledge rate of change in the modern world. Fuller determined that knowledge doubled every century until 1900.