‘It is difficult to make predictions, especially about the future.’ by Niels Bohr.
We can’t accurately predict the future. Bu we can watch trends, aggregate them to models, and build plausible scenarios. These scenarios help us to envision possible futures. This may help us for strategy setting, planning and preparing for options.
But one thing is quite sure. Everything is becoming more digital every day.
This is due to two very basic realities:
1. Everything will become connected.
2. Everything will become smart.
The fact that microchips, connectivity, sensors, and batteries get ever smaller, faster, cheaper and more diverse, the internet of things is super ubiquitous. There are many different forecast on the table ranging from 50 billion to 250 billion connected devices by 2025.
Smart watches to refrigerators, connected cars to game consoles, security cameras to smoke detectors, anything thing or alive, moving or stable, will be connected to the internet, sooner or later, depending on the economics. This is for sure. Anything around you, in your business, in your factory, at home, on the way, in your car, will become connected and we will get used to it.
And we will like it and embrace it. In some industries it is already and in some others it soon will become de facto standard.
Even further, anything not connected may be perceived as defect or not functional. Remember your kids, generation y or generation z member, or even generation alpha members, for them being not connected is worth than hunger, health or any other unpleasant situation.
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An interesting Forbes article including some important figures.
Secondly, everything will become smart. All those connected devices continuously generate data. Tremendous amounts of data. Realities like big data, cloud computing and artificial intelligence make calculations, analysis, optimization and predictive applications more possible than ever.
Smart cars, smart homes, smart factories, smart schools, smart cities, smart energy grids, smart anything will become realities sooner than you think. AI algorithms will manage the complexity, learn faster than human beings and provide humane services which will ease daily life, optimize processes, ensure security and also create additional net new value.
Of course there is a down side to all this progress. Cyber security concerns, fake news, manipulations, hacker attacks, complete blackouts and many other. But we learned to overcome energy blackouts, we learned to overcome wars and crisis, we learned and managed to overcome any difficult times and circumstances. This time we will get over it and the future will be much brighter than today.
Lord Martin Rees famously said: If we will manage to survive the 21st century, the 22nd century will be magnificent.
We share this believe. We work for this believe everyday. We help a lot of leading companies every day to achieve this transition, to benefit from the new digital realm and make the future brighter, better, faster, more joyful than today.