Into The Future...
By Udo Gollub at Messe Berlin, Germany
I just went to the Singularity University summit.
Here are the key points I gathered.
I just went to the Singularity University summit.
Here are the key points I gathered.
Rise and Fall: 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 were 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 superior and mainstream in only a few short
years.
This will now happen with Artificial Intelligence, health,
self-driving and electric cars, education, 3D printing, agriculture and jobs.
Welcome to the 4th Industrial Revolution. Welcome to
the Exponential Age.
Software and operating platforms will disrupt most traditional
industries in the next 5-10 years.
Uber is just a software tool. They don't own any cars, but they are now the biggest taxi company in
the world.
Airbnb is the biggest hotel company in the world, although they
don't own any properties.
Artificial Intelligence:
Computers will 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. So if you are studying law, stop immediately. There will
be 90% fewer generalist lawyers in the future; only specialists will be needed.
You can get legal advice, (for more or less basic stuff), within
seconds, with 90% accuracy, compared with 70% accuracy when done by
humans.
Watson already helps nurses diagnose cancer, four times more
accurately than doctors.
Facebook now has pattern recognition software that can recognize
faces better than humans.
By 2030, computers will have become more intelligent than
humans.
Cars:
In 2018 the first self-driving cars will be offered to the
public.
Around 2020, the complete industry will start to be
disrupted.
You won't want to own a car anymore.
You will call a car on 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 you can be productive while driving.
Our kids may never get a driver’s license and may not own a
car.
It will change the cities, because we will need 90-95% fewer
cars for our future needs.
We can transform former parking spaces into parks.
At present, 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.
Electric cars will become mainstream around and after
2020. Cities will be cleaner and much less noisy because all cars will run
on electricity, which will become much cheaper.
Most traditional car companies may become bankrupt by taking the
evolutionary approach and just building better cars; while tech companies
(Tesla, Apple, Google) will take the revolutionary approach and build a
‘computer on wheels’.
I spoke to a lot of engineers from Volkswagen and Audi. They
are terrified that insurance companies will have massive trouble, because
without accidents, the insurance will become 100 times cheaper. Their car
insurance business model will disappear.
Real estate values based on approximates to
work-places, schools, etc. will change, because if you can work
effectively from anywhere or be productive while you commute, people will
move out of cities to live in more rural surroundings.
Solar energy production has been on an exponential
curve for 30 years, but only now is having a big impact. Last
year, more solar energy was installed worldwide than fossil fuel
energy. The price for solar will drop so much that almost all coal mining
companies will be out of business by 2025.
Water for all:
With cheap electricity comes cheap and abundant purified
water. We don't have scarce water in most places; we only have scarce
drinking water. Imagine what will be possible if everyone can have as much
clean water as they want, for virtually no cost.
Health:
The Tricorder X price will be announced this
year. A medical device (called the “Tricorder” from Star Trek)
that works with your phone, which takes your retina scan, your
blood sample and your breath. It then analyzes 54 biomarkers that will identify
nearly all diseases. It will be cheap, so in a few years, everyone on this
planet will have access to world class, low cost medicine.
3D printing:
The price of the cheapest 3D printer came down from $18,000 to
$400 within last 10 years. In the same time, it became 100 times
faster. All major shoe companies started printing 3D shoes. Spare
airplane parts are already 3D-printed in remote airports. At the end of
this year, new smart phones will have 3D scanning possibilities. You
can then 3D scan your feet and print your own perfect shoe at home.
In China, they have 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 enter, ask yourself: “in the future, do you think we will have that?” And
if the answer is yes, then work on how you can make that happen sooner. If
it doesn't work via your phone, forget the idea.And any idea that was designed
for success in the 20th century is probably doomed to fail in the 21st
century.
70-80% of jobs will disappear in the next 20 years.
Work:
There will be a lot of new jobs, but it is not clear that there
will be enough new jobs in such a short time.
Agriculture:
There will be a $100 agricultural robot in the future.
Farmers in 3rd world countries can then become managers of their
fields instead of working in them all day.
Aeroponics and hydroponics will need much less water.
The first veal produced in a petri dish is now available. It
will be cheaper than cow-produced veal in 2018. Right now, 30% of
all agricultural surfaces are used for rearing cattle. Imagine if we don’t
need that space anymore. It contains more protein than meat.It will be
labelled as an “alternative protein source” (because most people still reject
the idea of eating insects – even purified ones).
Apps:
There is already an app called “moodies” which can tell the mood
you are in. By 2020 there will be apps that can tell by your facial
expressions if you (or your ‘friend’, business associate) are lying.
Currencies:
Many currencies will be abandoned. Bitcoin will become
mainstream this year and might even become the future default reserve currency.
Longevity:
Right now, the average life span increases by 3 months per
year. Four years ago, the life span was 79 years, now it is 80
years. The increase itself is increasing and by 2036, there will be more
than a one year increase per year. So we all might live for a long, long
time, probably way beyond 100.
Education:
The cheapest smartphones already sell at $10 in Africa and
Asia. By 2020, 70% of all humans will own a smartphone. That means
everyone will have much the same access to world class education.
Every child can use Khan Academy for everything he needs to
learn at schools in First World countries. Further afield, the software
has been launched in Indonesia and will be released it in Arabic, Swahili and
Chinese this summer. The English app will be offered free, so that
children in Africa can become fluent in English within half a year.
WELCOME TO THE FUTURE TODAY!