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Innovation

Innovation

Technology changes our lives day by day, offering us capabilities that were unimaginable just yesterday, but also complex challenges and potentially frightening conflicts. In other words: the perfect raw material for the best TV comedy and drama, which has found fertile ground in anti-establishment hackers, genius programmers, start-ups in distress, indolent IT guys or dystopian visions that seem a little too much like the world we live in.

Gesturing to the mint colored typewriter on the table, BBVA US Director of Risk Technology and Productivity Amory Booher said, “Technology has a lifecycle with a start and end date. For instance, the computer changed how we interacted with typewriters. Similarly, artificial intelligence and cognitive capabilities are changing how we interact with computers. We don’t know if these technological advancements will be as significant as going from the typewriter to the computer, but it’s incumbent on us to understand how these technologies are being applied so we can use them to make our lives better.”

Digitalization encompasses both a process and a habitat. As a process, digitization transforms analogue content. For example, converting the 1604 edition of 'Quijote' printed by Juan de la Cuesta into a digital 'Quijote'. The content that was drawn, printed, or typed is input into a computer via numeric codes. The result can even simulate the original typography. But the letters that appear on the screen are, in reality, digits that the computer converts into images.