Welcome to the 4th Industrial Revolution: Artificial Intelligence, the Exponential Age!

insights at the beginning of 2017:  Welcome to the 4th Industrial Revolution:  Artificial Intelligence, the Exponential Age!  Interesting predictions … the past & the future.

a meaningful review:  In 1998, Kodak had 170,000 employees & sold 85% of all photo paper worldwide.   Within just a few years, their business model disappeared, & they went bankrupt.      

What happened to Kodak will happen in a lot of industries in the next 10 years.  Most people won’t see it coming. 
Did you think in 
1998 that 3 years later you would never take pictures on film again?  Yet digital cameras were invented in 1975.  The first ones only had 10,000 pixels, but followed Moore ‘s law:  a disappointment for a time, before it became way superior & became mainstream in only a few short years. 

It will now happen again with Artificial Intelligence, health, autonomous & electric cars, education, 3-dimensional printing, agriculture & 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 & 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’s 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.

IBM’s Watson already helps nurses diagnosing cancer, it’s 4 times more accurate than human nurses.

Facebook now has a pattern recognition software that can recognize faces better than humans.  In 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 & drive you to your destination. You will not need to park it, you only pay for the driven distance & can be productive while riding.

Our kids will never get a driver’s licence & 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 spaces into parks.

1.2 million people die each year in car accidents worldwide.  We now have one accident every 60,000 miles (100,000 km), with autonomous driving that will drop to 1 accident in 6 million miles (10 million km). That will save a million lives each year.

Most car companies will probably become bankrupt.  Traditional car companies try the evolutionary approach & just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach & build a computer on wheels.

Many engineers from Volkswagen & Audi 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 will become mainstream about 2020.  Cities will be less noisy because all new cars will run on electricity.

Electricity will become incredibly cheap & clean:  Solar production has been on an exponential curve for 30 years, but you can now see the burgeoning impact.

Last year, more solar energy was installed worldwide than fossil.  Energy companies are desperately trying to limit access to the grid to prevent competition from home solar installations, but that can’t last. Technology will take care of that strategy.

With cheap electricity comes cheap & abundant water.  Desalination of salt water now only needs 2kWh per cubic meter (@$.025). 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 s/he wants, for nearly no cost.

Health: The Tricorder X price will be announced this year.  There are companies who will build a medical device (called the “Tricorder” from Star Trek) that works with your phone, which takes your retina scan, your blood sample & you breath into it.

It then analyses 54 bio-markers 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 medical analysis, nearly for free — Good by, medical establishment.

3-dimensional printing: The price of the cheapest 3-D printer came down from $18,000 to $400 within 10 years. In the same time, it  became 100 times faster.  All major shoe companies have already started 3D printing shoes

Some spare airplane parts are already 3-D printed in remote airports.  The space station now has a printer that eliminates the need for the large amount of spare parts they used to have in the past.

At the end of this year, new smart phones will have 3-D scanning possibilities.  You can then 3-D scan your feet & print your perfect shoe at home.

In China , they already 3-D printed & built a complete 6-story office building.  By 2027, 10% of everything that’s being  produced will be 3-D printed.

Business opportunities: If you think of a niche you want to go in, first ask yourself: “In the future, do I think we will have that?” & if the answer is “Yes,” then 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 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 short time.  This will require a re-think on wealth distribution.              

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 day on their fields.

Aeroponics will need much less water. The first Petri dish produced veal, is now available & 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 start-ups that will bring insect protein to the market shortly.  It contains more protein than meat. It will be labelled as “alternative protein source”  (because most people still reject the idea of eating insects).

There is a computer application / app called “moodies” which can already tell in which mood youre in.  By 2020 there will be apps that can tell by your facial expressions whether you are lying.  Imagine a political debate where it’s being displayed when theyre telling the truth & when theyre not.

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