Technology has done more for the world in the past decade than any government or institution. Where it’s headed next is even more exciting.
There will be jobs and markets created that don’t yet exist. Each new innovation will bring consumers more choices, better prices, and ultimately more freedom.
Here are a few of my predictions and hopes. Many are already underway.
In the next decade, I believe tech will:
-disrupt education, providing legitimate, credible alternatives, driving costs of education down and redefining what “education” means.
-force colleges to digitize, downsize, consolidate, specialize, close or a combination thereof.
-create new pathways to careers that will dramatically influence the way people think about work and how they find it.
-drive trends toward higher investment from employers in training and skills development (not as supplement to higher ed, but as a replacement).
-shake up the way we shop for medical coverage and services — including expansion of available options (and how we compare options).
-upend of the auto-industry — including how we shop and driving down costs of transportation/commuting.
-introduce affordable alternatives to car-buying and leasing— including in reduction of avg. vehicles per US citizen (I expect a downtrend in net new vehicle ownership)
-disrupt real estate and property ownership — (I expect trends in distributed ownership/micro investing as well as increasing shift to rent v. own).
-redefine asset ownership and asset classes — including changes to regulation and regulatory bodies (I dream of a social/market-driving “regulatory” alternative).
-continue expansion for applications in blockchain, crypto/alt currencies and a downtrend in consumer faith in fiat currencies and centralized banking.
-drive progress in “lifestyle design” tech, reducing “cost” (time and money) of living more well-balanced, healthier, sounder-financial, higher-standard-of-living…(long-term impact yielding a trend in longer life expectancy).
-drive redistribution of market share in major and established industries toward more options dominated by niche-focus and specialization (Think rise of boutique firms).
-continue to trend toward human-tech augmentation in services industries, driving net costs down and increasing service quality as response to consumer demand and access to information (expect a net rise in firms that consolidate services well through industry-standard “category design”).
-make major headway in food and agricultural production — including progress in GMOs, resource-efficiency lines, and hybrid solutions.
-provoke trends toward “do-it-yourself” or local/organic food consumption as preference, furthering demand for market response for major food production.
-cause major disruption in supply-chain / distribution, shipping, and delivery of physical goods (large and small) two examples, think automated semis and drone delivery (already happening).
-continued trend toward “on-demand” service providers and development of marketplace for providers (expect significant improvements in ability to capture social validation / ratings for providers AND for providers to rate consumers).
-substantial headway in providing credible / affordable alternatives to lending, credit-scoring, and risk assessment.
And many more I haven’t thought of yet…