Data Takes Center Stage
at the Samsung CEO Summit
The Samsung CEO Summit brought together a stellar, invitation-only group of entrepreneurs, investors, and thought leaders to explore “The New Data Economy”: what it is, what it means, and the opportunities it presents to create innovations designed to help humanity to thrive.
On Wednesday, October 11, 2017, San Francisco’s historic Palace of Fine Arts was buzzing with lively discussions on everything from robotics, AI, and IoT to exciting new ways that data is reshaping digital health, transportation, cyber security, athletic performance, food preparation, entertainment, and more.
A full program of speakers — executives from Samsung and from Samsung Catalyst portfolio companies — took the stage to present a range of perspectives relating to The New Data Economy. Here’s a recap of what the speakers talked about, with links to the videos so you can watch them yourself:
Young Sohn, President & Chief Strategy Officer of Samsung Electronics, made a compelling argument for why data is the new oil. Just as the oil economy drove the 20th century, the data economy is driving the 21st century. And we are now embarking on the Data Age, the 4th wave of innovation following the Personal Computer Era, the Internet Era, and the Mobile Era.
- Shankar Chandran, Vice President & Managing Director of Samsung Catalyst, introduced the Summit’s Future Data Infrastructure track. Expanding on the ‘data is the new oil’ theme, he pointed to how car, office, and other environments will become their own data centers.
- Pradeep Sindhu, CEO of Fungible, a stealth startup creating a hardware + software platform for data centers, spoke about trends in new data. Sindhu previewed how key trends — our hyperconnected world, the data explosion, AI and machine learning, the end of Moore’s Law, and cyber security — are propelling big changes in the IT industry.
- Nigel Toon is CEO and co-founder of Graphcore, makers of intelligence processor platforms. Toon talked about the new kind of Compute 2.0 technologies being developed to support the new data, including Graphcore’s Intelligence Processing Unit (IPU), the first processor designed specifically for machine intelligence workloads.
- Francis Ho, Head of Digital Health for the Samsung Strategy & Innovation Center (SSIC) and Vice President & Managing Director of Samsung Catalyst, introduced the speakers in the Summit’s Future Data Applications track. The question he addressed was, once you have data, what do you do with it? What are the killer apps for new, big data?
- Ricky Hudi, Founder & Managing Director of FMT – Future Mobility Technologies GmbH, presented the smart car as an important future data application. Hudi described how the smart car of the future would be essentially a data center on wheels, creating the biggest disruption in the automotive industry since the invention of the car.
- Scott Phoenix, CEO of Vicarious, an AI research company building general intelligence for robots. Stating his belief that every interesting company exists to make a prediction come true, Phoenix explained that the prediction Vicarious is working toward is for there to be more robots than cell phones within 15 years.
- Mounir Zok, Director of Technology & Innovation for the U.S. Olympic Committee, talked about how data is improving athletic performance and creating data-empowered superhumans. Data from technologies such as smart sensors, smart fabrics, computer vision, AR/VR, AI, and IoT is creating new sports, revolutionizing old ones, and even enabling new paradigms for watching sports.
- Brendon Kim, Vice President & Managing Director of Samsung Next, introduced the Summit track on Data Security & Trust. If data is the new oil, he asked, how do we stop the leaks, spills, and illegal siphoning of data that we hear so much about?
Nicole Eagan, CEO of Darktrace, discussed a fundamentally new approach to cyber defense: the enterprise immune system. She addressed how cyber-immune intelligent systems can more effectively defend enterprises against ransomware, trust attacks, insider threat, and AI attacks.
- The Samsung CEO Summit presentations ended with a conversation on security policy and regulations between David Eun, President of Samsung Electronics and Head of Samsung Next, and Terry Halvorsen, EVP & CIO of the Mobile IT & Mobile B2B group at Samsung Electronics. Halvorsen, who previously served as the CIO for the U.S. Department of Defense and for the Department of the Navy, provided a technology and warfare perspective on both attack and defense vectors. The conversation included examples of some differences between how governments and private companies are able to respond to aggressive cyber attacks.