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Technology innovations are highly transformative – taking a look at the industrial revolution to the widespread usage of electricity to modern day cyber age, the impact is clear. However, over the last decade the transformation has been exponential with a speed and scale absent before. Here’s a sneak peek into 3 industries that in my opinion is near the tipping point.
Additionally, as the intra-financial institutions network becomes more seamless and global, customer credit history would be available and cross-border information linkage will boom. Capital markets worldwide are already linked but with increasing emergence of High Volume Trade algorithms market mechanics will rapidly alter in the coming decade. Lastly, with increasing program driven financial derivatives we will experience highly complex trades which would increase the markets vulnerability to shocks and if not regulated properly may create potential crisis.
On more advanced med analytics for fields such as oncology – human genome sequencing is complex and time consuming. However over the coming 15 years with express increase in computational power and drop in prices – we will be able to have individual genome data decoded. This combined with all the available data from our everyday wearable sensors will mean that you can actually predict illness and take counteractive measures beforehand. And this is just the beginning just like diagnostics nowadays are done by sophisticated machines – in future say hello to your robotic surgeons (Sci Fi? – just wait for a couple of decades).
Well this were the 3 industries for now – the next edition will deal with Energy, Manufacturing and Virtual Societies (Dystopia alert). And disruptions will come out and wipe out trillion dollar industries and create new ones (remember Kodak?). The solace is the future is exciting.
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