Change is the only constant in the world...The fate of all present industries and ALL present jobs, and the way of doing virtually all things in the world, will be eliminated in short order.
As change accelerates, all industries and all knowledge will have a shortened life.
Think of this! Consider the following example of an industry giant’s demise and apply the lesson to everything you know, do, and learn.
In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide.
In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide.
Within just a few years, their business model disappeared and they went bankrupt.
What happened to Kodak will happen in a lot of industries in the next 10 year - and most people won't see it coming.
Did you think in 1968, for example, that in 3 short years, you’d never take pictures on paper film again?.
In the future, real nostalia will be derived from remembering the artifacts of the last few years. Think I'll go hug my few antique typewriters from the 1890's as I think of the disappearance of everything I know in this accelerating world!
MORE ON THIS FROM A FUTURIST!
MORE ON THIS FROM A FUTURIST!
What happened to Kodak will happen in a lot of industries in the next 10
years. Digital cameras were invented with
poor picture resolution in 1975, but as with all exponential technologies, development quickly
followed Moore's law, and picture resolution became superior in a few short years. The same will
now happen with Artificial Intelligence, health, autonomous and electric cars,
education, 3D printing, agriculture and jobs. Welcome to the 4th Industrial
Revolution. Welcome to the Exponential Age.
Software will disrupt most traditional industries in the next 5-10
years.
Uber is just a software tool, they don't own any cars, and are now the
biggest taxi company in the world. Airbnb is now the biggest hotel company in
the world, although they don't own any properties.
Artificial Intelligence: Computers become exponentially better
in understanding the world. This year, a computer beat the best Go player in
the world, 10 years earlier than expected. In the US, young lawyers
already don't get jobs. Because of IBM Watson, you can get legal advice (so far
for more or less basic stuff) within seconds, with 90% accuracy compared with
70% accuracy when done by humans. So if you study law, stop immediately. There
will be 90% less lawyers in the future, only specialists will remain.
Watson already helps nurses in diagnosing cancer, 4 time more accurate
than human nurses. Facebook now has a pattern recognition software that can
recognize faces better than humans. In 2030, computers will become more
intelligent than humans.
Autonomous cars: In 2018 the first self-driving cars will appear
for the public. Around 2020, the complete industry will start to be disrupted.
You don't want to own a car anymore. You will call a car with your phone, it
will show up at your location and drive you to your destination. You will not
need to park it, you only pay for the driven distance and can be productive
while driving. Our kids will never get a driver's licence and will never own a
car. It will change the cities, because we will need 90-95% less cars for that.
We can transform former parking space into parks. 1,2 million people die each
year in car accidents worldwide. We now have one accident every 100,000km, with
autonomous driving that will drop to one accident in 10 million km. That will
save a million lives each year.
Most car companies might become bankrupt. Traditional car companies try
the evolutionary approach and just build a better car, while tech companies
(Tesla, Apple, Google) will do the revolutionary approach and build a computer
on wheels. The traditional car companes are completely terrified of Tesla.
Insurance companies will have massive trouble because without accidents,
the insurance will become 100x cheaper. Their car insurance business model will
disappear.
Real estate will change. Because if you can work at home or while you
commute, people will move further away to live in a more beautiful
neighborhood.
Electric cars will become mainstream until 2020. Cities will be less
noisy because all cars will run on electric. Electricity will become incredibly
cheap and clean: Solar production has been on an exponential curve for 30
years, but you can only now see the impact. Last year, more solar energy was
installed worldwide than fossil. The price for solar will drop so much that all
coal companies will be out of business by 2025.
With cheap electricity comes cheap and abundant water. Desalination now
only needs 2kWh per cubic meter. We don't have scarce water in most places, we
only have scarce drinking water. Imagine what will be possible if anyone can
have as much clean water as he wants, for nearly no cost.
Health: The Tricorder X price will be announced this year. There will be
companies who will build a medical device (called the "Tricorder"
from Star Trek) that works with your phone, which takes your retina scan, you
blood sample and you breath into it. It then analyses 54 biomarkers that will
identify nearly any disease. It will be cheap, so in a few years everyone on
this planet will have access to world class medicine, nearly for free.
3D printing: The price of the cheapest 3D printer will come down from 18,000$ to
400$ within 10 years. In the same time, it will become 100 times faster. All major shoe companies will start printing
3D shoes. Spare airplane parts are already being 3D printed in remote airports.
The space station now has a printer that eliminates the need for the large
amount of spare parts they used to have in the past.
At the end of this year, new smart phones will have 3D scanning
possibilities. You can then 3D scan your feet and print your perfect shoe at
home. In China, they already 3D printed a complete 6-storey office building. By
2027, 10% of everything that's being produced will be 3D printed.
Business opportunities: If you think of a niche you want to
go in, ask yourself: "in the future, do you think we will have that?"
and if the answer is yes, how can you make that happen sooner? If it doesn't
work with your phone, forget the idea. And any idea designed for success in the
20th century is doomed in to failure in the 21st century.
Work: 70-80% of jobs will disappear in the next 20 years. There will be a
lot of new jobs, but it is not clear if there will be enough new jobs in such a
small time.
Agriculture: There will be a 100$ agricultural robot in the future. Farmers in 3rd
world countries can then become managers of their field instead of working all
days on their fields. Aeroponics will need much less water. The first petri
dish produced veal is now available and will be cheaper than cow produced veal
in 2018. Right now, 30% of all agricultural surfaces is used for cows. Imagine
if we don't need that space anymore. There are several startups who will bring
insect protein to the market shortly. It contains more protein than meat. It
will be labeled as "alternative protein source" (because most people
still reject the idea of eating insects).
There is an app called "moodies" which can already tell in
which mood you are. Until 2020 there will be apps that can tell by your facial
expressions if you are lying. Imagine a political debate where it's being
displayed when they are telling the truth and when not.
Bitcoin will become mainstream this year and might even become the default
reserve currency.
Longevity: Right now, the average life span increases by 3 months per year. Four
years ago, the life span used to be 79 years, now it's 80 years. The increase
itself is increasing and by 2036, there will be more that one year increase per
year. So we all might live for a long long time, probably way more than 100.
Education: The cheapest smart phones are already at 10$ in Africa and Asia. By
2020, 70% of all humans will own a smart phone. That means, everyone will have
the same access to world class education. Every child will be able to access world
class instruction for everything learned in schools worldwide.
No part of the human condition will remain untouched!
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