Rohit Talwar from Fast Future Research outlines five trends that will have a major impact on business, society and life over the next 10 years. Rohit is one of the world’s leading futurists and will be presenting the afternoon keynote at this year’s Kent 2020 Vision LIVE on Wednesday 13th May.
The world is being transformed by rapid advances in science and technology that are touching every aspect of society. So what changes could these developments bring about for life as we know it? We only have to look around us to see just how much can change in a relatively short space of time.
Already, our lives have been shaped by many developments which most of us couldn’t have imagined a decade ago. For example, handheld devices such as smartphones and tablets now allow us to have live video conversations with our friends, translate instantaneously between multiple languages, watch full length videos and monitor diverse aspects of our health from blood pressure to oxygen flow and stress levels. 3D printers are appearing in everyday homes and have the potential to create everything from blood cells to entire houses, while new aircraft such as the A380 can carry over 800 passengers on a single flight.
As we look ahead, the next decade will be shaped by dramatic advances in nanotechnology, information technology, vertical farming, artificial intelligence, robotics, 4D printing, super-smart materials, neuroscience, the biological sciences and genetics.
Here is a quick look at just five emerging scenarios that are already closer than you may think:
1) National Sovereignty
The map of the globe will change – driven by economic forces.
Many smaller and poorer countries will find it impossible to cope on their own with the accelerating pace of change and the cost of keeping up to speed with a globally connected planet. By 2025, we could see 20-25 country mergers as ‘at-risk’ nations seek to come together to build critical economic strength and attract the investment required to serve their populations and compete in the hyper-connected era.
2) Corporate Giants
50% of the Fortune 500 index of the largest publicly listed companies in 2025 are likely to be firms that were not even born in 2014. We will see an ever-increasing number of so called ‘exponential companies’ that achieve rapid rates of growth by using science and technology to disrupt old industries and create new ones.
For example, the taxi app Uber didn’t even exist in 2008 and is now valued at over $40 billion, while a number of new technology-based businesses such as AirBnB and Snapchat are already valued at over $10 Billion. Many more mega-growth players will emerge in sectors such as driverless cars, 3D and 4D printing, genetics and web-based applications and services that we can’t even imagine today. Some argue that the notion of public stock markets will have been transformed by more efficient online crowdfunding platforms and the widespread use of digital currencies that effectively create a single global monetary system.
3) Financial Services
By 2025, the financial services landscape will have been transformed by digital currencies like Bitcoin, open markets and a wave of new providers – offering crowd-based solutions for everything from insurance to equity investment and commercial financing. These community platforms will let us lend to and invest in each other – bypassing the existing providers of saving, business investment, loans and personal insurance.
4) Internet of Life
Over the next decade, upwards of 100 billion objects from smartphones to street lamps and our cars will be connected together via a vast ‘internet of everything’.
This will impact every aspect of our lives – for example it could transform the criminal justice system. By 2025, evidence in a court case will include data taken from body-worn cameras and microphones and sensors in everyday objects such as clothing, furniture and even our coffee cups – proving exactly what happened and who was present at the scene of a crime.
5) Human 2.0
Human augmentation will accelerate in the next decade. By 2025 we will be witnessing a new breed of human 2.0 and 3.0 who have “hacked” their own bodies.
Mind-enhancing drugs are already a reality and we can now have super-smart prosthetic limb replacements that have greater functionality than the ones we were born with. Both fields will continue to progress and we will see genetic treatments to eliminate conditions such as rage and obesity.
All of these enhancements will be monitored and managed 24/7 by a variety of wearable technologies and devices implanted into our bodies. These will help us track every vital sign and link directly to both our own hand held devices and to monitoring services provided by our healthcare providers. 3D printing already allows us to create replacement body parts and the evolution to 4D printing will enable the manufacture of body parts that can self assemble and adapt their shape and properties over time – giving us limbs that could reinforce themselves as we age.
Find Out More…
Come along to this year’s Kent 2020 Vision LIVE to hear how these trends and technologies are already starting to shape the business environment and what you need to know to avoid getting left behind.
Register now to reserve your free place at our 10th Anniversary event on 13th May 2015.
Rohit Talwar is CEO of Fast Future Research, presenting the afternoon keynote at 1pm.