A glimpse at the future

Last year around this time I wrote an article about what I learned and did in 2015. I’m not going to do that this time around. Instead of going on and on about where I travelled, who I met, what I did in 2016 I’d rather give a glimpse of the future I was introduced to.

Education: Kids

Are you smarter than a 5th grader? Probably not. I’m not here to say you’re dumb by any stretch of the imagination. I’m simply here to say that our 5th graders are far more advanced than ever before. 5th graders today know what trends and analyses are. They know what coding and software is and how it makes things work. They know how solder PCBs and circuits — I didn’t learn to solder until sophomore year in college…in an engineering lab course. Our 5th graders can do long division in their head and dictionaries are merely suggestions for words they probably already know the definition to.

As you were learning phonics in elementary school, today’s kids are learning about software and how robots work. The term “coding for kids” is being searched 75x more than it was when I was in elementary school.

What does this all mean? If you have kids in the future or have had kids in the last decade you most likely don’t speak their language — technology.

“Elementary curriculum” is dying.

There is a deafening downward trend around the search term “elementary curriculum”. It seems to be crashing actually. Are educators giving up on standardized tests and traditional curriculums? Maybe. Or they’re just relying on software, games, and code to teach our future generations.

Pretty soon, the core of our kids’ education will be focused on project management and building stuff, not standardized tests. Now would be a great time to look into Kano for your young one.

Education: Online learning

If you haven’t taken an online course in the last 5 years, you’re probably 10 years behind on information. Think about it, even when you get your first speeding ticket they send options to take an online course and learn the necessary information to save your insurance rate and driving record. The United States has been offering online driving school for over a decade and it’s about time it offers all levels of education online as well — as the standard.

The phrase you need to learn is e-learning: electronic learning. This simply means that you’re consuming your education via an electronic format and platform.

What the world is doing in E-learning:

  • Asia has the world’s highest regional growth rate for E-Learning, of 17.3%. Revenues from the sale of E-Learning reached $5.2 billion in 2011 and are expected to more than double to $11.5 billion by 2016. The vast majority of these revenues will be generated from the sales of packaged content. Throughout the whole of Asia, Government-funded projects related to literacy development in rural areas are a major driver to the introduction of E-Learning. $11.5 Billion in revenue by 2016, projected.
  • Africa is projected to do $500 Million in revenue for E-learning by 2016. With an annual growth rate of 15%. Imagine how powerful an entire continent could be if it were connected with a common interest of education.
  • North America is projected to do a whopping $27.1 Billion for E-learning by 2016. This is with a 4.4% annual growth rate — dismal in comparison to Asia and Africa.

Read the full report here.

So what’s stopping the full takeover of E-learning in the global markets? Well, the internet. The internet is the bottleneck when it comes to online learning. It has too much to offer for now. It’s too slow in some areas and too fast in others, thus creating a slew of problems that are specific to certain regions.

With that said, I’d recommend looking at what Udemy has to offer in the E-learning space.

Television

Mark these words: in 2025 traditional television will be obsolete. Let me say it a little differently. You will not be using a traditional cable box or coaxial cable to watch “television” in 2025. You may not even need a television…Wait what? Yes, in 2025, you most likely won’t be watching TV the same way you do today. By the numbers, the future living generations are already dropping traditional television at an alarming rate. And with the dominance of Netflix, YouTube, and HBOGO these numbers will continue to drop.

Death to traditional television. Credit to Marketingcharts.com for the chart.

52% of American households have a streaming-able device connected to their television.

By 2025, “tv” will be consumed on:

  • Mobile phones (will be majority of the market)
  • Laptops + tablets
  • VR headsets
  • Gaming systems

Also, there will be more creative studios making content than ever before. Sony Pictures, Paramount, TimeWarner, Disney, and the other bigs won’t be running television — individual content creators and small studios will own more of the active market than ever. Might as well sign up for Netflix while it’s still cheap…ish.


What else?

I’d love to give a deep dive on more topics, but I’ll just give you the highlights of what I’ve heard and seen that will completely dominate over the next decade.

Consumer Tech:

Travel:

  • Hotel industry will be dead due to companies like AirBnB.
  • The future or rental cars will be run by companies like ZipCar, GetAround, and Turo.
  • Taxis may be done an away with due to companies like Uber and Lyft. Uber has self-driving cars and Lyft has some of the nicest drivers you’ll ever meet.

Money:

  • We will be closer to a global economy than ever before because the US dollar will essentially die.
  • Africa will have a unified currency.
  • Paper money will be irrelevant.

Thanks for reading! Feel free to reach out to me on Twitter: https://twitter.com/chobberoni