Technology in the Future

What will be the technology in the future?

It is exciting to consider technology in the future.  According to the Global Trends 2030 report, the areas below should continue to be key technology drivers through 2030.

Expansion of big data

We are quickly moving into the big data era but have a long ways to go. The big question is how to capture, analyze and predict behaviors. The potential benefits of big data to businesses are significant.  If they, for instance, are able to determine what type of advertising and products captures people’s attention and motivates them to purchase, they will be able to increase profits and reduce risks and expenses.  Naturally the growth drivers for big data, business analytics and predictive analytics are high.

Increased cloud usage

Computer processing power and data storage are inexpensive and even free in some cases.    Posting and managing data in the cloud offers the enticing benefits of being able to access the data from around the world.

More effective social networks

Social networks will be an important technology in the future.  Being able to easily connect and communicate with prospective customers and people with like interests offers tremendous social and economic benefits.   We will see great advances occurring in social networking capabilities.   

Strengthened cybersecurity

Whenever there is the opportunity for great rewards, there are also great risks.  Cyber security will be an even greater threat.   The prospects of being able to tap into finances, purchasing and personal information is a big motivation for those who are most interested in wealth, power, agendas, and criminal activity.

Advances in automation and new manufacturing

Automation technologies such as manufacturing (3D printing) and robotics will significantly change the nature of work. These technologies will improve productivity, address labor constraints, and diminish the need for outsourcing.

A reduction in the need for outsourcing, will reduce the number of low and semi-skilled manufacturing jobs in developing economies - which could easily exacerbate strife relating growing domestic inequalities.

Security of vital resources

Breakthrough technologies that secure vital resources will be necessary to meet the basic water, food, energy resources of the world.  Examples of critical new technologies will include water irrigation techniques, precision agriculture, genetically modified crops, advanced bio-based fuels, and enhanced oil and natural gas extraction via fracturing.

Advances in health technologies

New breakthroughs in health technologies will continue to lengthen the average age. The biggest increases in age longevity will  take place in developing economies where there is higher levels of growth in the middle class. The health-care systems in these countries may be poor today, but by 2030 they will have made substantial progress.

Future prediction articles

Technology in the future

By David Willden