Software will shut down most traditional industries in the next 5-10 years. Uber is just a software tool, no cars, and is now the largest taxi company in the world. Airbnb is now the largest hotel in the world, although it has no property. Artificial Intelligence: Computers become exponentially better in understanding the world. This year, a computer hit the best Go player in the world 10 years earlier than expected.
Lawfully: In the US, new lawyers can not find a job. Because of IBM Watson, you can get legal advice (up to now for more or less basic things) in just a few seconds, with 90% accuracy over 70% accuracy when it comes from people. So, if you are studying legally, stop immediately. In the future there will be 90% fewer lawyers, only experts will stay.
Medical Diagnosis: Watson is already helping nurses diagnose cancer, 4 times more accurate than nurses. Face Recognition: Facebook now has a project recognition software that can recognize people better than humans. By 2030, computers will become smarter than humans.
Cars: In 2018 the first self-driving cars will be released for the first time. By 2020, all of the industry will start to be disrupted. You will no longer want a car … You will call a car with your phone, it will appear where you are and will lead you to your destination. You will not need to park it, you will only pay for the distance you used and you will be able to be productive when driving. Our children will never get a driving license and will never have to buy a car. Cities will change because they will need 90-95% less cars for this. We can then turn the previous parking lots into parks.
Traffic Accidents: 1.2 million people die every year in road accidents worldwide. We now have an accident every 100,000 km. With autonomous driving this indicator will fall into an accident every 10 million km. This will save a million lives every year. Many engineers from Volkswagen and Audi are completely terrified of Tesla. Car insurance companies will have tremendous problems because without accidents, car insurance will become much cheaper. The car insurance business will disappear slowly.
Real estate will change. Because if you can work while traveling, people will go further to live in a more beautiful neighborhood. Electric cars will become commonplace for 2020. Cities will be less noisy because all new cars will be powered by electricity. Electricity will become incredibly inexpensive and clean. Solar power production is in an exponential curve for 30 years and now you can see the explosive effects.
Solar Energy: Last year, more solar power was installed worldwide than from minerals. Energy companies are desperately trying to restrict access to the grid to prevent competition from domestic solar plants, but this can not last. This strategy will be taken over by the technology.
Drinking Water: With cheap electricity comes cheap and plenty of water. Seawater desalination now needs only 2kwh per cubic meter (@ 0.25 cents). We do not have water scarcity in most places, we only have a small amount of drinking water. Imagine that it will be possible for someone to have as much pure water as he needs, almost at no cost.
Health Innovations: The Tricorder X will be announced this year. There are companies that will build a medical device (called “Tricorder” from Star Trek) that works with your phone, which takes your retina scan, your blood sample and you can breathe in it. It will then analyze 54 biomarkers that will detect almost any disease. It will be a very cheap test, so in a few years everyone on this planet will have access to world-class medical analysis, almost free of charge. Goodbye, medical institutions.