Page 21 - DIY INVESTOR MAGAZINE - NOVEMBER 2018
P. 21

   At times like these, it is nearly impossible to know how profound technology change will prove. While those living at the time of the printing press would have felt its impact on their daily lives, they would have had trouble predicting the societal shock-waves created by mass communication and the democratisation of knowledge.
Similarly, it is not possible for us today to know the scope of internet-fuelled disruption but history as a guide suggests we are barely scratching the surface. Gutenberg’s invention saw printed volumes increase tenfold during the first century after its introduction, a similar experience to the growth in internet users during the past 18 years. However, technology does not stand still and in the case of printing it was the use of steam power and cylinders that made newspapers and the mass production of printed works possible.
The internet may currently be fuelled by smartphones and the app economy but there is a plethora of emerging technologies that are likely to dramatically increase both its breadth and depth, not to mention its power as an agent of social change.
In the future, smartphones are likely to prove a small minority of connected devices as imagined by the so- called internet of things (IoT). Algorithms that augment decision-making today are likely to give way to true
AI where machines are able to act with increasing autonomy (albeit within a narrow field of decision- making).
In time, there can be little doubt that AI will do to today’s rules-based computing what steel did to iron.
  Click to visit
Polar Capital Technology Trust plc An introduction to PCT
Disclaimer
All opinions and estimates in this report constitute the best judgement of Polar Capital as of the date hereof, but are subject to change without notice, and do not necessarily represent the views of Polar Capital. Polar Capital is not rendering legal or accounting advice through this material; viewers should contact their legal and accounting professionals for such information. This document does not constitute a prospectus, offer, invitation or solicitation to buy or sell securities and is not intended to provide the sole basis for any evaluation of the securities
or any other instruments, which may be discussed in it. This is not a financial promotion. Past performance is not indicative of future results. A list of all recommendations made within the immediately preceding 12 months is available upon request. This document is not a personal recommendation and you should consider whether you can rely upon any opinion or statement contained in this document without seeking further advice tailored for your own circumstances. The law restricts distribution of this document in certain jurisdictions; therefore, persons into whose possession this presentation comes should inform themselves about and to observe, all applicable laws and regulations of any relevant jurisdiction.
Polar Capital LLP is a limited liability partnership number OC314700. It is authorised and regulated by the UK Financial Conduct Authority and registered as an investment adviser with the US Securities & Exchange Commission. A list of members is open to inspection at the regis- tered office, 16 Palace Street, London, SW1E 5JD
--
https://www.statista.com/statistics/237974/online-advertising-spending-worldwide/ From Polar powerpoints.
Euromonitor, y/y in USD terms
Polar strategy
   21 DIY Investor Magazine | Dec 2018


















































































   19   20   21   22   23