What will technology be like in 20 years

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Insurance cover offered through Suncorp super products is provided by insurers who are not part of the Suncorp Group. Please refer to the disclosure for more information. See our Cookie and Data Policy. This policy provides information about how Suncorp collects and uses data related to your online activity, and how you can choose to remain anonymous. AI is that new tool that will enable us to extract more insights at an unprecedented level from all the medical 'big data' that has never really been fully taken advantage of in the past.

It will shift the world of medicine and how it is practiced. Improvements in AI will finally put access to wealth creation within reach of the masses. Financial advisors, who are knowledge workers, have been the mainstay of wealth management: using customized strategies to grow a small nest egg into a larger one.

Since knowledge workers are expensive, access to wealth management has often meant you already need to be wealthy to preserve and grow your wealth.

As a result, historically, wealth management has been out of reach of those who needed it most. Artificial intelligence is improving at such a speed that the strategies employed by these financial advisors will be accessible via technology, and therefore affordable for the masses.

Over the next five years, the energy transition will reach a tipping point. The cost of new-build renewable energy will be lower than the marginal cost of fossil fuels. A global innovation ecosystem will have provided an environment in which problems can be addressed collectively, and allowed for the deployment of innovation to be scaled rapidly.

As a result, we will have seen an astounding increase in offshore wind capacity. The rapid development of digital twins - virtual replicas of physical devices - will support a systems-level transformation of the energy sector. The scientific machine learning that combines physics-based models with big data will lead to leaner designs, lower operating costs and ultimately clean, affordable energy for all. The ability to monitor structural health in real-time and fix things before they break will result in safer, more resilient infrastructure and everything from wind farms to bridges and unmanned aerial vehicles being protected by a real-time digital twin.

Every surface on Earth carries hidden information that will prove essential for avoiding pandemic-related crises, both now and in the future. Technology that accelerates our ability to rapidly sample, digitalize and interpret microbiome data will transform our understanding of how pathogens spread. Exposing this invisible microbiome data layer will identify genetic signatures that can predict when and where people and groups are shedding pathogens, which surfaces and environments present the highest transmission risk, and how these risks are impacted by our actions and change over time.

We are just scratching the surface of what microbiome data insights offer and will see this accelerate over the next five years.

These insights will not only help us avoid and respond to pandemics, but will influence how we design, operate and clean environments like buildings, cars, subways and planes, in addition to how we support economic activity without sacrificing public health. Over the next five years, carbon-heavy industries will use machine learning and AI technology to dramatically reduce their carbon footprint. Traditionally, industries like manufacturing and oil and gas have been slow to implement decarbonization efforts as they struggle to maintain productivity and profitability while doing so.

However, climate change, as well as regulatory pressure and market volatility, are pushing these industries to adjust. For example, oil and gas and industrial manufacturing organizations are feeling the pinch of regulators, who want them to significantly reduce CO2 emissions within the next few years.

Technology-enabled initiatives were vital to boosting decarbonizing efforts in sectors like transportation and buildings - and heavy industries will follow a similar approach. Indeed, as a result of increasing digital transformation, carbon-heavy sectors will be able to utilize advanced technologies, like AI and machine learning, using real-time, high-fidelity data from billions of connected devices to efficiently and proactively reduce harmful emissions and decrease carbon footprints.

Five years from now, privacy and data-centric security will have reached commodity status — and the ability for consumers to protect and control sensitive data assets will be viewed as the rule rather than the exception.

As awareness and understanding continue to build, so will the prevalence of privacy preserving and enhancing capabilities, namely privacy-enhancing technologies PET.

By , PET as a technology category will become mainstream. They will be a foundational element of enterprise privacy and security strategies rather than an added-on component integrated only meet a minimum compliance threshold. While the world will still lack a global privacy standard, organizations will embrace a data-centric approach to security that provides the flexibility necessary to adapt to regional regulations and consumer expectations.

These efforts will be led by cross-functional teams representing the data, privacy and security interests within an organization. While the COVID pandemic has provided a difficult lesson in just how susceptible our world is today to human and economic turmoil, it has also - perhaps for the first time in history - necessitated global collaboration, data transparency and speed at the highest levels of government in order to minimize an immediate threat to human life.

History will be our judge, but despite the heroic resolve and resiliency on a country by country basis, as a world we have underperformed. As a global community and through platforms like the World Economic Forum, we must continue to bring visibility to these issues while recognizing and supporting the opportunities for technology and innovation that can best and most rapidly address them.

The views expressed in this article are those of the author alone and not the World Economic Forum. Here's how Blockchain can help all parties be sure that vaccine supplies are being stored and handled properly. I accept. Removing CO2 from the air could help reverse climate change. Take action on UpLink. Forum in focus. Global Fund fights three of the deadliest infectious diseases ever known. Read more about this project. Explore context. Explore the latest strategic trends, research and analysis.

This requires confronting limiting orthodoxies, accelerating creativity and innovation, and changing not just products and processes but entire business models as well. But sometimes the constant march of change beats to a different drum — and takes a different path. When the music changes, so must we. Your email address will not be published. Get Started. Here is what he suggested click here for the full story and detail behind these predictions : We could start seeing delivery drones finally start making deliveries in the next two years.

A Hyperloop could take us in between cities in just six years. Machines could start thinking like humans as early as Space trips designed to send people to Mars could start taking place in Prosthetics could get so advanced in the next 10 years they could give people new skills. Clothing could give people superhuman skills in the next 10 years. Virtual reality could replace textbooks during the next decade. The smartphone will become obsolete by Self-driving vehicles could be ubiquitous in the next 10 years.

People could start using robots to do work around their house and provide companionship starting in We could live in a Matrix-like virtual world by