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Message: <blockquote data-quote="netlife007" data-source="post: 20719912" data-attributes="member: 79514">Developments and TrendsIn  1998, Kodak had 170,000 employees and sold 85% of all photo paper  worldwide.   Within  just a few years, their business model disappeared and they went  bankrupt.What happened to Kodak  will happen in a lot of industries in the next 10 years - and most  people won't see it coming. Did you think in 1998 that 3 years later  you would never take pictures on film  again? Yet  digital cameras were invented in 1975. The first ones only had  10,000 pixels, but followed Moore's law. So as with all exponential  technologies, it was a disappointment for a long time.  Soon, however, it  jumped in quality and became mainstream in only a few short years.   Look for the same chain of events in the field of Artificial Intelligence, health, autonomous cars, education, 3D printing, agriculture and jobs. Welcome  to the 4th Industrial Revolution. Welcome to the Exponential  Age.Software  will disrupt most traditional industries in the next 5-10  years. Uber  is just a software tool, they don't own any cars, and are now the  biggest taxi company in the world.  Airbnb  is now the biggest hotel company in the world, although they don't  own any properties. Artificial  Intelligence: Computers become exponentially better in  understanding  the world. This year, a computer beat the best Go player  in the  world, 10 years earlier than expected. In  the US, young lawyers already don't get jobs. Because of IBM  Watson,  you can get legal advice (so far for more or less basic stuff)   within seconds, with 90% accuracy compared with 70% accuracy when  done  by humans.  So  if you study law, stop immediately. There will be 90% less lawyers  in the future, only specialists will remain. Watson   already helps nurses diagnosing cancer, 4 times more accurate than   human nurses. Facebook now has a pattern recognition software that  can  recognize faces better than humans. In 2030, computers will  become more  intelligent than humans.Autonomous  cars: In 2018 the first  self driving cars will appear for the  public. Around 2020, the complete  industry will start to be  disrupted. You don't want to own a car  anymore. You will call a car  with your phone, it will show up at your  location and drive you to  your destination. You will not need to park  it, you only pay for the  driven distance and can be productive while  driving. Our kids will  never get a driver's licence and will never own a  car.  </blockquote>

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