Could AI And Big Data Help Create This 'Luxury For All' Utopia?

As someone who watches technology trends closely as part of my business, I have been thinking about the future impact of all the technology innovations and automation we are currently experiencing and on the cusp of achieving. Many of the headlines I read about these trends -- and even some I write -- predict some pretty negative consequences right along with the monumental achievements and improvements. While improvements in machine learning, artificial intelligence, big data, and robot automation could mean huge advances in medicine, science, commerce and human understanding, it's also undeniable that there will be consequences as well. These technological advances represent a significant challenge to capitalism. Together, they are poised to potentially create jobless growth and the paradox of an exponentially growing number of products, manufactured more and more efficiently, but with rising unemployment and underemployment, falling real wages and stagnant living standards.