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 years - and most people don't see it coming. Did you think in 1998 that 3 years later you would never take pictures on paper film again? Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a long time, before it became way superior and got mainstream in only a few short years.

 

It will now happen with Artificial Intelligence, health, autonomous and electric cars, education, 3-D printing, agriculture and jobs. WELCOME TO THE 4 TH INDUSTRIAL REVOLUTION. Welcome to the Exponential Age. Software will disrupt most traditional industries in the next 5-10 years.

 

Uber Uber | Sign Up to Drive or Tap and Ride 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.

Vacation Rentals, Homes, Apartments & Rooms for Rent - Airbnb

 

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:

http://www.ibm.com/cognitive/outthink/?S_PKG=&S_TACT=C34403XW&campaign=IBM%20Cognitive_BR&group=Watson%20Cognitive_BR&mkwid=6da1a150-7426-4a1a-a2e1-b0c34405d1bd|447|2846208261&ct=C34403XW&iio=CHQ&cmp=C3440&ck=ibm%20watson&cs=e&ccy=US&cr=google&cm=k&cn=Watson%20Cognitive_BR

 

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 diagnosing cancer, 4 times 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 license 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 100,000 km, 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.

 

I spoke to a lot of engineers from Volkswagen and Audi; they 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 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.

 

WATER: 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. Qualcomm Tricorder XPRIZE Home Page

 

3D PRINTING: What is 3D printing? How does 3D printing work? The price of the cheapest 3D printer came down from $18,000$ to $400 within 10 years. In the same time, it became 100 times faster. All major shoe companies started 3D printing shoes. Spare airplane parts are already 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 smartphones 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-story 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 than one year increase per year. So we all might live for a long long time, probably way more than 100.

 

EDUCATION: The cheapest smartphones are already at 10$ in Africa and Asia. Until 2020, 70% of all humans will own a smartphone. That means, everyone has the same access to world class education. Every child can use Khan academy https://www.khanacademy.org/ for everything a child learns at school in First World countries. We have already released our software in Indonesia and will release it in Arabic, Swahili and Chinese this Summer, because I see an enormous potential. We will give the English app for free, so that children in Africa can become fluent in English within half a year.......

This was a chain email of sorts. I am not sure if it is all correct information or not but a lot of it sounds in the ballpark.

Its pretty close. It amazes me how technology has decimated long standing billion dollar companies.

 

My boss came from Blockbuster. How he didn't see it coming is beyond me. There isn't a business out there that I can think of that is technology proof. The trades are going to be more important going forward as they're going to be one of the few that still will require manual interference.

 

I'm going to tell my son to be a barber.

 

I do 100% agree with the above, If I were a doctor or lawyer, I would be TERRIFIED. Those seem to be targets of technology and I assure you, tech will not lose that battle. Robots are already performing surgeries.

Traditional "service industries" still safe? Physical and mental health; food service, hospitality, tourism, etc.

Traditional "service industries" still safe? Physical and mental health; food service, hospitality, tourism, etc.

Physical, no chance. Food service, see ya. Look at Japan, everything is already on a conveyer belt over there.

 

Hotels need maids to clean up and electricians to make sure it doesn't burn down and to make sure they virtual concierge is plugged in. Trade. That's it.

If machines and computers replace millions of workers how will the everyday Joe make a living in the future?

Even us IT folks need to worry. With Cloud servers, even massively large businesses can run their entire enterprise without owning one piece of physical server hardware, just a modem and a router. All they need is an internet connection.

 

Thin clients are making a comeback, too. With Office 365 online, there is no need for a full PC as a workstation anymore. The bad thin clients can be pitched and replaced for less than keeping IT staff in house, full time.

John Connor says when all these machines rise up and take over the world, don't come crying to him. :smug:

The only thing holding back many of the developments from being a part of every day life now is the expense of the new tech. The economy of not just the US but the world will be the determining factor as to how fast all of this rolls out. Average person in the world just can't afford all or even a portion of the tech available.

Spot on @swamprat , the one thing with tech folks though is the ability to adapt quicker. We have always had to do it. At some layer there will always have to be IT support. Right now my company is ahead, we've invested heavily in datacenter, our cloud, computing and it's paying off.

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.

Can you say Zombie Apocalypse? Seriously engineered foods such as this could lead to serious immunity issues for humans.

Just had this one sent to me the other day....

 

 

Who Is Ready for Baseball’s Robot Umpires? - WSJ

I have a very good buddy who is set to retire from teaching and he's of the opinion that there will be a greatly reduced need for teachers in the future since you can get almost any information you need within seconds, or less.

John Connor says when all these machines rise up and take over the world, don't come crying to him. :smug:

 

There you go again...

I have a very good buddy who is set to retire from teaching and he's of the opinion that there will be a greatly reduced need for teachers in the future since you can get almost any information you need within seconds, or less.

 

Right, all you are going to need is a maybe a beefed up version of Kahn Academy and some Jack of All Trade teachers and boom!

 

And eventually you won't even need brick and mortar schools, it will all be done from home meaning educators will be almost completely wiped out.

 

And for the joke that is most college campuses, bye Felicia.