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Changing face of established industries - futurism
#1

Changing face of established industries - futurism

One of my friends posted one of those viral things on my fb wall but for once it wasn't about ice bucket challenge or Harlem Shake. It was actually quite interesting;


FUTURE PREDICTIONS:
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, 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 time 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 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 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.

Robert M. Goldman MD, PhD, DO, FAASP
http://www.DrBobGoldman.com
World Chairman-International Medical Commission
Co-Founder & Chairman of the Board-A4M
Founder & Chairman-International Sports Hall of Fame
Co-Founder & Chairman-World Academy of Anti-Aging Medicine
President Emeritus-National Academy of Sports Medicine (NASM)
Chairman-U.S. Sports Academy’s Board of Visitors

End quote


Personally, my own take on this is eventually people will pay a premium to have interaction with other humans. Either that or the robots will come and kill us all. To this end I regret the loss of NASA Test pilots 'go bag' thread. [Image: smile.gif]

Technology certainly seems to have the potential to make our life significantly easier and the tech seems to be driving prices down but how does that square with modern capitalism and the endless need for the corporations that sell us so much that we rely on and the profits that they need to make?

I am not sure that the work of a ski instructor can be replaced by a robot but then maybe people won't bother skiing at all, especially if you can do it from the comfort of your own bed in a VR mask.

I would be interested to hear what the wise heads of the forum think of this and how things will pan out in the future.

SP
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#2

Changing face of established industries - futurism

Quote: (06-05-2016 10:08 AM)Ski pro Wrote:  

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.
I can see this being a huge game changer. This article from Harvard Business Review on 3D printing is very interesting.

To sum it up, 3D printing changes the whole logistics of making products - no need to transport them anymore, just send the printing plans through the web and "make" the product on location. No more stocks, just on demand local production.

It's already possible to print anything from toys to prostethic limbs to clothes to food to car and airplane parts to weapons.

To use a dumb example, let's say there's a big war and soldiers need more guns. You can put a few printers on the back of trucks and print machine guns from scratch according to needs. It's a factory on wheels and can be moved frontwards or backwards according to the needs. When the conflict is over, the same printers can be used for different purposes. You can print bombs on one day and Hello Kitty dolls on the next. To what sector does a flexible company like this belong to? Legally it will be a fuckfest.

It's also a big new market for people - both designers and entrepeneurs - who make the 3D plans that will be used to print this stuff. Maybe we'll see the rise of a new online marketplace (think Amazon.com) but it's all models of whatever you want to make, from silverware to RC airplanes and so on.

[Image: mindblown.gif]
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#3

Changing face of established industries - futurism

How about the nasty social ramifications of these technologies? Look at the effect of social media on women's behaviour?
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#4

Changing face of established industries - futurism

Great video on the subject - https://www.youtube.com/watch?v=7Pq-S557XQU
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#5

Changing face of established industries - futurism

Currently, and possible for the foreseeable future(5-10 years) the tech isn't yet there for fluid machine to human interaction. Computers are terrible at subjectively interpreting things, which is why the last bastion of job security is in human related jobs. Think healthcare as in social workers, mental health etc. That will change of course, but there will always be a need for people to maintain, oversee and write the code for said robots.

This is a key reason why I got out of finance and into tech. You automate or be automated out.

Quote: (06-05-2016 02:55 PM)Herr Lucifer Wrote:  

How about the nasty social ramifications of these technologies? Look at the effect of social media on women's behaviour?
Get the fuck out of here troll.
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#6

Changing face of established industries - futurism

I think about 95% of the article is wrong to varying degrees. The author does not understand the technology he's talking about, or how it relates to our modern technology. He also seems to lack understanding of human nature, because few people will give up the ability to drive their own cars or eat real meat in favor of having to call a robo taxi or eat ground up grasshoppers. Utility is not the only reason people buy things.

However, I don't think a concern over the social ramifications of technology is misplaced.
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#7

Changing face of established industries - futurism

Quote: (06-05-2016 04:06 PM)weambulance Wrote:  

I think about 95% of the article is wrong to varying degrees. The author does not understand the technology he's talking about, or how it relates to our modern technology. He also seems to lack understanding of human nature, because few people will give up the ability to drive their own cars or eat real meat in favor of having to call a robo taxi or eat ground up grasshoppers. Utility is not the only reason people buy things.

However, I don't think a concern over the social ramifications of technology is misplaced.
The article is a little confused - for example his line about insurance is just silly... premiums will fall and so will payouts, but the companies will still remain.

However, its surprising how quickly the younger generation adapt to new paradigms... they will not only happily order robo-taxis and eat insect-burgers, they will think its cool and feel the old-fashioned ways are just foolish.
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#8

Changing face of established industries - futurism

Understand that I'm not saying that the article is perfect or this is definitely what is going to happen. I just thought it was interesting and debate provoking.

It also seems quite urban centric. For example, I can't see automated robo taxis struggling to get me to work on time when there is a foot of fresh snow on the ground.

In addition, another favourite topic of mine is primal health and how to eat better to promote optimum gene expression. I can't see that movement being swayed by the prospect of eating processed insect burgers.
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#9

Changing face of established industries - futurism

Great article.

For more on this see Kevin Kelly's new book "The Inevitable". There are shit loads of weird, interesting and scary things that will happen at the confluence of these technologies. Will be alot of spurts of progress and jumps in quality of life, and occasional catastrophes (which hopefully can be contained such that they don't derail the whole thing)

BTW why is primal health at odds with eating insects? I guess we didn't historically, but insect protein is really just amino acids right? As long as it's pure, digestable and not full of any other nasties, ingesting insect protein should just be like eating chicken breast which is basically just water + amino acids.

The main problem with processed foods is not the protein quality but all the other crap they do to it and put in it. E.g. burgers are full of preservatives, bad oils, toxins, etc. But the pure beef protein itself is OK. AFAIK
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#10

Changing face of established industries - futurism

So basically, technology is going to make everyone lose their job, and because no one will have jobs, no one will have money to pay for the products that the technology creates, meaning that the untold trillions of investment put into all these autonomous robots and algorithms will never be recouped. As a result, infrastructure will crumble, civilization will collapse, humans will go extinct from starvation and 'Islamics' will inherit the earth [Image: confused.gif]
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#11

Changing face of established industries - futurism

Quote: (06-05-2016 10:08 AM)Ski pro Wrote:  

The price for solar will drop so much that all coal companies will be out of business by 2025.

Coal is 33% where 33% of our electricity comes from. Solar provides 0.2%.

That's a bold prediction.

It's a nice idea, but the article...I just skimmed it, but why do people who write articles like this make such ridiculous claims. The article probably makes good points, but statements like this make me not read it...not because they say something wrong, or that I might disagree with, but that it's so removed from reality, and something you can google in a couple seconds and figure out it's far-fetched.

“Until you make the unconscious conscious, it will direct your life and you will call it fate.”
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#12

Changing face of established industries - futurism

Quote: (06-05-2016 10:08 AM)Ski pro Wrote:  

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.

The lawyers associations won't let that happen and AI can't litigate. As of now, the Ai being referenced is only available to attorneys.

Quote:Quote:

Watson already helps nurses diagnosing cancer, 4 time more accurate than human nurses.

AI will never take over nursing. If you think that it will, go observe what nurses do in one day.

Quote:Quote:

By 2030, computers will become more intelligent than humans.

Respectfully, no they won't; and especially any computer that doesn't reside in a several acres of warehouse.

Quote:Quote:

Autonomous Cars

Agreed, but a complete change will happen slower than this guy's prediction. As of now, they need to work out how to keep people from sleeping at the wheel in their robotic cars among other things. That's actually not a small challenge.

Quote:Quote:

Insurance Companies will have massive trouble because without accidents, the insurance will become 100x cheaper. Their car insurance business model will disappear.

They'll find a way. In fact, they could easily insure your need for transportation and thus socialize transportation and the associated repair costs. All that would have to occur for that to happen is that individual driving is made illegal and then your robot driving charges are jacked up.

Quote:Quote:

Real estate will change. Because if you can work while you commute, people will move further away to live in a more beautiful neighborhood.

I would like to see that. Unfortunately, the ptb seem to be enacting policies to counter that potential trend and urbanize everyone as much as possible. I have a feeling that they won't allow the results of the relevant policies to reverse.

Quote:Quote:

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.

I'm pretty sure that this prediction is hyperbolic. That last I read, solar panels will need to be the price of paint before solar makes economic sense.

Quote:Quote:

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.

Some aspects of this are good, but overall medicine has been moving from individualized care to treatment based on statistical group outcomes. This makes statistics look better, but if you have a good instead of an average-to-shitty doctor than this treatment philosophy could easily work against your health as it is less likely to catch and treat your anomalous condition. This type of technology will likely push it further in that direction.

Quote:Quote:

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.

Cool, but I predict that the common use / need for 3-D printing will remain limited. For perspective, go look at what is available at http://www.shapeways.com/

My prediction is that most people will continue to have no real use for 3D printing.

Quote:Quote:

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.

yay pre-crime.

Quote:Quote:

Bitcoin will become mainstream this year and might even become the default reserve currency.

lol...both at the prediction and the implication that this would be a good thing.

Quote:Quote:

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.

Assuming this is true (I'm dubious), and combined with the assumption that farm labor and other menial jobs will be eliminated, this seems like a recipe for a population problem.

Quote:Quote:

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.

I hope that the world soon sees smart phone access as access to world class education. In the land of the blind, the one eyed man is king.

Quote:Quote:

Personally, my own take on this is eventually people will pay a premium to have interaction with other humans.

https://en.wikipedia.org/wiki/The_Machine_Stops

Quote:Quote:

I am not sure that the work of a ski instructor can be replaced by a robot but then maybe people won't bother skiing at all, especially if you can do it from the comfort of your own bed in a VR mask.

I agree, and think that a lot of "the robots terk er jerbs" talk is planted media hype for some unfathomable purpose. Other than warehouse and some other especially menial labor work, much of human employment will remain safe. Robots aren't going to erect buildings. Robots aren't going to be nurses. Robots aren't going to work kitchens for anything but fast food places for a long time. Robots won't pilot airplanes more than they already do. Robots won't teach. Robots won't litigate your injury case. Robocop is not coming anytime soon.

What robots will do: work assembly line kitchens, take orders and reservations, manufacture, drive forklifts, transport things and people on the road, kill enemies, and data mine information.

I think that the AI hype in general, is just that. Again for what purpose I'm unsure.
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