8 technological shifts we will witness by 2030
We are fast entering a time of major lifestyle shifts brought on by progresses in technology
As digital innovations permeate all aspects of daily life, many of the emerging technologies of today will reach a tipping point in the next 15 years.A recent report from The World Economic Forum's Global Agenda Council on the Future of Software & Society indicates a seamless integration of the physical and digital worlds through networked resources together which will change the way we work and live. Some of the technological tipping points we are likely to witness, according to the report, are:
5 PER CENT OF ALL CONSUMER PRODUCTS WILL BE 3D PRINTED
As 3D printers become less expensive, more powerful, and easier to use, consumers will also increasingly adopt the technology. This will enable them to print things at home on demand. In 2014, there were 1,33,000 3D printers sold worldwide, which is a 68 per cent increase from 2013.
FIRST TRANSPLANT OF A 3D-PRINTED LIVER WILL OCCUR BY 2024
3D printers are already increasingly used in the healthcare industry to create human parts, like bone replacements and organ implants. But bioprinting, which combines bioengineering with 3D printing, will also enable researchers and others in the healthcare industry to grow usable artificial organs.
50 PER CENT OF INTERNET TRAFFIC TO HOMES WILL BE FROM APPLIANCES AND DEVICES BY 2024
Currently, most of the internet traffic at home is for personal consumption, whether for communication or entertainment.But by 2024, about half of the internet in the home will be used for home automa tion purposes.
BY 2027, 10 PER CENT OF GLOBAL GDP WILL BE STORED USING BLOCKCHAIN TECH
As blockchain technology takes off, more money will be stored using the technology. According to the report, the total worth of Bitcoin in the blockchain is around $20 billion, or about 0.025 per cent of the global GDP of around $80 trillion.By 2027, about 10 per cent of the global GDP will be stored using blockchain.
FIRST CITY WITH NO TRAFFIC LIGHTS WILL COME INTO EXISTENCE BY 2026
Infrastructure will also become more connected in the future, giving way to more smart cities.Smart cities will be automated and capable of managing their `energy, material flows, logistics and traffic', according to the report. The evolution of connected infrastructure will bring about the first city with a population of 50,000 people and no traffic lights by 2026, the report says.
AI WILL JOIN CORPORATE BOARD OF DIRECTORS BY 2026
Because artificial intelligence(AI) can learn from previous situations, it can provide insight and automate complex decision processes based on data and past experiences.With time, we will see more white collar jobs also begin to be replaced by AI. The technology will get so advanced that the first artificial intelligence machine will become part of a corporate board of directors by 2026.
MORE TRIPS WILL BE MADE BY CAR-SHARING PROGRAMS THAN PRIVATELY-OWNED CARS BY 2025
The sharing economy has taken off in a big way over the last few years, the best example of which is the transportation sector.By 2025, the sharing economy will have grown to a point that more rides taken globally are actually via a car-sharing service, and not by a privately-owned car.
DRIVERLESS CARS WILL ACCOUNT FOR 10 PER CENT OF ALL CARS IN THE US BY 2026
Tech companies like Google and Uber, as well as traditional automakers like Toyota, General Motors, and Volkswagen, are all currently working on self-driving cars. But the report predicts that it will be 2026 before 10 per cent of all cars are driverless in the US.