Summary and themes explored in this episode:
Introduction:
* The Modern Industrialist podcast focuses on Industry 4.0, exploring advancements in the era of IoT and artificial intelligence. The hosts, Jason and Turley, recently attended the Applied Intelligence Live! Austin 2023 conference, which merged IoT World and the AI Summit.


Conference Overview:
* The conference covered a wide range of topics crucial to Industry 4.0, including wireless connectivity, quantum computing, smart cities, and digital twins.
* Notable organizations such as Shell, AT&T, Google, Nvidia, and John Deere participated, contributing to the diverse agenda.
* The hosts appreciated the manageable size of the conference, allowing for meaningful interactions and easy access to speakers.


Key Themes of the show:
* Digital Twins:
   * Detailed discussions on digital twins, emphasizing practical applications beyond flashy 3D renderings.
   * Insights into graphical representations that effectively simplify real-world processes.
* Generative AI Impact:
   * Highlighting the tangible impact of generative AI and its crucial role in managing the exponential growth of data from IoT devices.
* Connectivity and 5G Insights:
   * Exploration of the role of 5G and edge computing, providing insights into the current status and potential future challenges.
* AI in the Workforce:
   * In-depth discussions on the social divide in AI adoption, emphasizing the potential for AI tools to bridge gaps and enhance workers' skills.
* AI Research as a Service:
   * Focus on startups like Multi AI, offering autonomous AI research as a service, automating ongoing research and statistical analysis tasks.
* Standards Development:
   * Recognition of the Digital Twin Consortium's work in setting standards to bring coherence to the evolving concept of digital twins.


Future Trends (Predictions for the Next Year):
* Anticipation of more concrete and distinct impacts in AI applications, moving away from speculative discussions.
* Expectation of a closer alignment between IoT and AI trends, resulting in more integrated solutions.
* Foreseen emergence of clearer stories and practical use cases from the healthcare sector.
* Increasing awareness of the ecological impact, including E-waste and energy consumption.
* Proprietary LMs becoming more prevalent, with organizations building their own models for specific applications.
* Quantum computing discussed as a prominent topic, but still considered to be in the early stages of mainstream adoption.


Conclusion:
* Jason and Turley expressed optimism about the future of Industry 4.0, expecting continued growth and evolution in the discussed trends. The comprehensive overview of the conference provided valuable insights into the current state and potential future developments in the industry.