THE FUTURE AND ITS EFFECT ON INDUSTRIES AND PEOPLE
In 2006, three of the world`s six most valuable public firms were oil companies, and just one technology company. By 2016 only one oil company remains in the top six. The rest were tech giants.
THE WORLD HAS CHANGED
Where is Kodak? Gone. 170,000 employees out of a job. No more film cameras in public use and this happened since 1998.
Software will disrupt most traditional industries in the next 5-10 years.
Uber is a software tool. They own no cars, but are now the biggest taxi company in the world, just as Airbnb owns no property and is the biggest hotel.
In the U.S. young lawyers cannot get jobs because IBM`s Watson can look up law. There will be 90% less lawyers in the future. Watson can help diagnosing cancer. Its 4 times more accurate than human medical staff.
Facebook has a pattern recognition software that can recognize humans. Doors will be locked and opened by face recognition.
In 2018 the first self-driving cars will appear for public use. People will not own cars, but will phone for a car to pick them up and drop them off. You pay only for the trip. There will be many fewer cars and cities will change completely. Nobody will have a driver`s licence. 1.2 million people die each year from car accidents world-wide. There will be 1 accident every 6 million miles. Most car companies will change or go bankrupt. Car insurance companies are headed for the to the dust-bin of history. All cars will be run by electricity. No noise!
Electricity will become cheap and clean. With cheap electricity there will cheap and abundant water because of desalinization.
Health care will change. With the phone you can do a retina scan, check your blood and then analyses 54 bio-markers that will identify a disease. There will be access to world class medical analysis for nearly free. Goodbye the medical establishment.
3D printing: The price of the cheapest 3D printer went from $18,000 to 400 dollars. All major shoe companies have already started 3D printing shoes.
In China, they already 3D printed a complete 6-story office building. by 2027 10% of everything produced will be by 3D printing.
If it doesn’t work with the phone, forget the idea. Any idea designed for success in the 20th century is doomed for failure .
Work: 70-80% of jobs will disappear in the next 20 years. There will be a lot of new jobs for a short time. We will require a rethink on wealth distribution.
Agriculture: there will be a $100 agricultural robot .Farm work will be reduced a great deal.
Aeroponics will need less water. The first petri dish producing veal is now available. 30% of agricultural space is used for cows. Imagine if we don`t need that space.
There are several start-up companies that will bring “insect protein” to market. It will be called “alternative protein source” (because most people abhor the idea of eating insects).
And last but assuredly not least there is an app called “moodies” which can tell what mood you are in, and by expression, if you are lying. Imagine a political debate or a law court with that app. This in my estimation can create the most turmoil .
Edited Jan 23 2017 I decided to add this little bit that will change the way humans live. Cars and their uses have been instrumental in how are cities are designed. Do you realize how much space is taken up by parking lots because most adults in the western world own a car? Apartment buildings have space for the inhabitant`s cars. In the future when a person wants to go anywhere they will call up a driverless car and be picked up and brought home in this way. All buildings that cater to many people must have space to accommodate their cars. This will end and the spaces now used for parking will be free for other purposes, such as playgrounds, parks etc. One thing will not change or so I believe. The number of rides will remain static and we will still need the roads. But hey, what about traffic police. Forget it not necessary The way our cities run will be changed forever. Not really, who knows what is next. And by the way, where will these electric cars park. Not in the city for sure!