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.
Interestingly the inventor of digital
photography in 1975 Steven Sasson worked for Kodak but Kodak ignored
the new technology and in the process ignored their future!!
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, 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% fewer 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.
By 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% fewer 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 may 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 won’t
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: There will be companies that will build a medical device
(called the "Tricorder" from Star Trek) that works with your phone,
which takes your retina scan, your blood sample and you breathe 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 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 number 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. Agroponics 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 that 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 call "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 2030, 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. By that time the elites will have a
secondary Brain embedded close to both sides of their fronto-temporal
scalp it stores information about their experiences books they read what
they heard etc through a High Def Camera just below their eyelids. For
those who can afford it forgetfulness will be a forgotten phenomenon.
Advanced stem cell technology will allow you to " make " your own
organs or replace defective ones early. Life expectancy will be around
115 to 125 yrs in most of developed world and around 100 years in the
rest of the world.
Education: The cheapest smart phones are
already at $10 in Africa and Asia. Until 2020, 70% of all humans will
own a smart phone. That means, everyone has the same access to world
class education.
Are you ready for the future.
celebrating a birthday.
