Three Industries Most Vulnerable to Disruption by Next-Gen Tech
The world we live in faces changes every day – from simple weather changes and births and deaths to a shift in how we live. Our ways of life, in particular, are greatly influenced by the technology of the day. It would be inconceivable to predict 30 years ago that the internet would be as revolutionary as it is.
The Internet: A Perfect Example of Disruption
The internet is yesterday’s change, though. The next generation of technology is already here with us. A report from Mckinsey shows some economic impact of advanced robotics, Artificial Intelligence, blockchain, and the Internet of Things, just to name a few. How should we expect these technologies to affect our ways of life or how we do business?
The best approach to this concern is to narrow down to the specific industries most vulnerable to their influence. Here are three industries that, though maybe the core of our society today, will be most impacted by the next wave of technology.
The gaming industry is ripe for disruption. Online gaming did not exist just two decades ago, yet it has grown to be massive and all-encompassing. Today, there are millionaire celebrities who made it by playing esports online. Games like PUBG, World of Warcraft, and Dota 2 are getting as much attention as football did before the pandemic and social distancing.
The real next disruption in the gaming industry, however, is a combination of factors. Developers are using the best AI technologies to create the most mesmerizing games. The graphics are top-notch and surround sound fine-tuned by super-computers. The real experience is delivered in realistic visuals using VR and AR tech.
Casinos are at the forefront of adopting these technologies for their games. Are you behind the news on these developments in the gaming industry?
The technological disruption that brought about digital healthcare was a revolution in itself. New tech-savvy startups are coming up with innovations that promise a new future for healthcare. In the next generation, it is highly probable that healthcare will be both personalized and entirely remote-based.
Apps that use AI to monitor patient symptoms, set medication reminders, and even diagnose patients are already common. Expect to wear smart medical devices that will take it a step further. In a few years, we may have tiny submarines cruising the veins, inspecting the body and transmitting health data in real-time.
When such devices communicate with IoT gadgets, it would be fair to say we will have taken a step closer to becoming superhumans by today’s standards.
In many parts of the world, public transport is tedious, disorganized, expensive, and even plainly dangerous. The average person spends almost a third of their lives commuting from home to school and then home to work. So far, no country can claim to have developed the ideal public transportation system that works.
Tech companies now venturing into transportation are making big promises to turn this around. These companies are harnessing the power of big data to transform what is meant by ‘transportation’. Tesla and their self-driving technology offer us a glimpse of how the future may turn out.
Picture a public road where all vehicles communicate and self-steer; all the passengers have to do is hop on and off. These vehicles will use electric power, most likely from sunlight, and connect to IoT and other devices. The most fun part of all these is that we will get to move around without harming the planet with gas!
There is little you can do to prepare for the future, except perhaps have an open mind. Innovations and present-day technologies predict a very different future for humanity. These three may be the first industries to adopt next-gen technologies and change our societies for better.