It's 1st January 2020 and tech predictions are getting published by big tech VCs and technology enthusiasts. From smart toilets to smart mirrors and from bitcoins to engineered meats, all have an opinion and I too have my own thoughts about where tech is heading and how do I see tech evolving in the next 10 years.
Here are my 10 things that I see shaping up in the next 10 years:
1. Voice becomes transparent - Today we have Alexa and Google Assistant and devices around it that makes voice assistant possible, but I believe a device is a hindrance and I do see a path where the device fades away in the background and focuses on tasks. Saying a hot word to call up an assistant might fade away in the rest of the world, but might face privacy challenges in Europe and US. How will it play out?
If you are driving your self-driving electric car and ask it to order your coffee from Starbucks, the car will drive to the location (smart enough to figure out the best location) and you can pick-up the coffee from the drive-thru location. The assistant will do all the back-end services, including payments to make transaction possible.
2. Plant based meat and eating less meat goes mainstream - This will happen sooner rather than later with the amount of capital that is been poured into making it a reality. It's sustainable, it's economical, and the biggest reason is that it is the right choice for saving the planet from Global warming. The meals will be packaged and it will cater to each individual person and their body composition. The catering to individual will take time to get to every economic level.
3. Smart Data driven services and products and Subscriptions - The first thing a person do today is get up in the morning is look at their smartphone for messages and things that they missed from the time they slept. In the next couple of years, it will tell you your smart sleep, your vitals when you were sleeping. By middle of next decade, when you head to the toilet, the smart toilet will examine (Rich folks to begin with) your urine and stool samples to get additional vitals from your body like blood sugar levels or other vitals that might become a problem in the future. The food package for the day (tied with point#2) will be catered based on this vitals. A smart mirror will be your calendar and ToDos that will be AI based. We won't own more things, but paying for subscription will be the most prominent thing that will shape this decade. From music services, to video services, to owning iPhone, they all will be subscription based. An average US person will end up paying more than $500/month just on subscriptions. This is happening sooner rather than later and gaming it will be a fools errand.
4. US becomes stagnant and China will be the driver of the decade - You don't need a economist to tell you this, but I sincerely believe that China will overtake US this decade and US will be stagnant as it moves more inwards rather than outwards in it's outlook towards emerging trends. Be it solar, or crypto-currency or the flexibility to move quickly from a bad decision, China has all the tools to tackle a problem or a blip in their pursuit to be a super-power.
5. Fossil Fuel finally sees a steep decline - The solar farms will power most of the countries going forward and the dependency on the fossil fuel finally sees a steep decline. This will take a massive social and economical tasks by government across the globe to re-train the workforce.
6. Plastics are the new thing - I know what the world wants is less of plastic, but the amount of money that is poured to solve the plastic crisis will result in a new product that will hit mass market in the next 2-4 years. A plastic that will dissolve itself in 90-120 days is where the focus is right now. There are many countries in China and far east that are focused on solving this issue and they have a working product at this point.
7. Bitcoin and Block-chain and Services- China will lead the crypto-currency segment and that will lead to bitcoins and cashless transactions that will integrate services across the supply chain with block-chain architecture.
8. Automation and Jobs - Automation will continue to displace jobs and industries and that will lead to enormous stress on governments and maintaining their debt limits. It was just published today that AI from Google is better in identifying a Breast Cancer patient better than a doctor. This will continue in all scientific fields.
9. Space the next frontier - More private companies will enter the space game and more services will be offered to affluent few. Space travel and Intra-planetary travel will take shape in this decade.
10. OK Boomer, Bye - This decade will see the rise of Gen X and Gen Y in the most important positions in all sectors. Gen Y will start phasing out Gen X at the end of the decade as the need to move faster takes shape.
There are many that didn't make the list and there are many that I am not that optimist about (Healthcare cost), but having said that, I do see the above 10 points shaping up 2030.
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