(TECH OF THE FUTURE: THE WORLD IN 2050)
April 26, 2024
Hello everyone,
The economic landscape at present is a little uncomfortable, to say the least. Investors’ perceptions about interest rates, inflation, and employment stability are being influenced by data the Fed is watching closely. In turn, the interpretation of this data is causing volatility in the market. We are in a long-overdue correction, which should take the froth out of the huge market rally we have recently experienced.
Tech stocks, overall, have been brought back to earth. It certainly does not mean the tech sector is dead. It’s just resting. Five, ten, twenty, thirty years in the future, we will look back on this correction as a blip. Technology will keep advancing and take tech stocks along for the ride.
So, what exactly do those tech advancements look like? An insight into some of the tech of the future shows just what is ahead of us.
Future of Education
We will probably see a shift to more interactive method of learning. Online learning platforms to more personalized learning experiences alongside the incorporation of virtual and augmented reality. The traditional lecture-based, note-taking methods may be replaced by an emphasis on collaboration and problem-solving to better prepare for the workplace.
In schools, we could see biometric scanning upon check-in, which will streamline registration. 3-D printers will be a standard appliance both in the home and at school. They will be an essential learning aid for teachers, facilitating the task of teaching complex concepts.
Learning systems driven by artificial intelligence (AI) will have been integrated into the school environment by 2050. Personalized learning experiences will consider learning styles and create adaptive assessments that adjust in real-time based on performance. AI may predict a student’s future performance, allowing teachers to step in before a student falls behind in a particular area. Furthermore, AI will ensure students receive immediate feedback with suggested areas for improvement, thereby tailoring to a student’s strengths and weaknesses.
Self-driving cars
We have all heard about the crashes because of self-driving cars, which have often made headline news. In decades to come, self-driving cars could well make our roads safer, and reduce deaths and injuries from car accidents. The insurance industry will surely be impacted by this change. This AI could also change our lifestyles as well. The grind of the daily commute will be more comfortable and less taxing on the body, and consequently, it may even change where we choose to live. Overall, AI will make our transportation systems both safer and more efficient, as AI-powered systems will coordinate traffic flows.
Plants will charge your iPhone.
Forests are set to become the energy stations of the future. Bioo is a clean-tech company capable of generating electricity from plant photosynthesis.
Delivery Drones
By 2050 the urban skyline will probably be buzzing with drones delivering all manner of things from books to medical supplies to food. I wonder how noisy that will be?
Ocean Thermal Energy
Ocean thermal energy is one of the world’s largest renewable energy sources, and it has been relatively untapped to date. However, a company called Bluerise is working on creating an energy breakthrough by generating utility-scale electricity through Ocean thermal energy conversion. It is believed it will be able to outcompete fossil fuel-based generation and other renewables that require storage and grid balancing. It will play a crucial role in the future energy mix being one of the very few constant energy sources, available day, and night, year-round.
Health Wearables
Wristbands tracking our movement came about in 2009 when the Fitbit Tracker debuted. Since then, many watches can now monitor our movement, our sleep, our heart rate, and other health data. By 2050, wearables may eliminate the annual physical because they will be loaded with sensors that transmit vital health data, hence giving us warning signs of health issues. Nanobots and wearable devices will monitor and enhance our mental and physical health continuously. Necklaces and wristbands that reduce inflammation and pain may also be common items. This will revolutionize healthcare, making it more personalized and proactive.
Augmented Reality and Virtual Reality
By 2050 technology will be seamlessly integrated into our everyday lives. AR and VR will be commonplace transforming how we work, learn, and interact.
The Job Landscape will be ‘smart’.
Half of the world’s current jobs are unlikely to exist in 2050. The jobs that will be on offer haven’t been invented yet. AI and smart assistants will be commonplace. Robots will play a significant role in the workplace as they can perform many human jobs. Everything will be ‘smart’ – connect and data-driven. This will lead to a big shift in the job market, with a greater emphasis on roles that require human creativity and emotional intelligence. Employers will need to become responsible for creating a life-long learning culture at work, so their staff can take ownership of their professional development, thereby staying up to date with skills and knowledge as their workplace transforms.
Update: On Wednesday I wrote about the metals sector and mentioned a copper stock that was worth looking at - Solaris Resources Inc (SLSR). Yesterday It rose 0.29 cents, a total of 8.49%.
Cheers,
Jacquie
