As we embark upon the end of the decade, I wanted to take a quick look out over the next 10 years and ponder what industries are going to be around.
There are many that are failing or due for disruption yet few people seem aware.
This begs to question is your industry, business, career, job, or investments safe?
Many will say yes but it is something they might want to revisit.
▶️ 3Speak
To the question in your title, my Magic 8-Ball says:
Outlook good
@LukeWeAreChange says... Amazon getting a patent to roll out something like the mark of the beast which uses your hand to control commerce.
I think AI will be able to do a much better job than humans using big data within a decade. What will astrologers do when AI does a better job at predicting life circumstances using cloud data? This is why I'm in Ivan's Blockchain Coding Academy.
Summary:
In this video, the speaker discusses the potential disruption facing various industries due to technological advancements. The speaker emphasizes the impact of technologies such as blockchain, cryptocurrency, 3D printing, AI, extended reality, and edge computing on different sectors like retail, real estate, accounting, banking, and more. The speaker points out the transformations taking place and questions the safety of traditional industries, careers, and investments in the face of rapid technological progress.
Detailed Article:
The video starts with the speaker raising a thought-provoking question: how can one be certain that their industry is not on a trajectory toward being obsolete? Drawing from personal experience, he highlights the unawareness within dying industries about their imminent demise, citing year-over-year declines of over 10% in some sectors. The narrative shifts to how technology is infiltrating numerous industries, leading to stark contrasts between industries experiencing growth and those in decline.
The speaker touches on the retail sector, specifically mentioning the retail apocalypse phenomena and the escalating dominance of online shopping, hinting at the potential obsolescence of physical store sales. Trends like the rise of virtual shopping and the increasing implementation of robotics in various retail operations are noted as signs of impending disruption. The implications of 3D printing on supply chains and commercial real estate are also presented as a disruptor.
Moving on to real estate, the speaker questions the future of jobs in the industry with the rise of AI-related companies and technologies. The impact of AI on professions like accounting and law is delineated, cautioning against complacency in the face of technological advancements. The discussion further extends to the financial sector, with layoffs attributed to factors beyond technology, such as the volatility of the European banking system.
The speaker then broadens the scope to wonder about the fate of various industries in the upcoming decade. He draws parallels between past disruptions like Netflix overtaking Blockbuster with current technologies like blockchain, cryptocurrency, 3D printing, extended reality, and artificial intelligence. The potential of projects like SingularityNet to disrupt industries through democratizing AI for small businesses is highlighted.
The video concludes with a warning about the vulnerability of traditional establishments like governments, nation-states, and banks in the face of rapidly progressing technology. The speaker underscores the transformative power of decentralized autonomous organizations (DAOs) and end-to-end autonomous shopping, signaling a future filled with disruption and groundbreaking advancements. The audience is encouraged to reevaluate the safety of their industries, careers, and investments in light of these technological shifts.