In no set order:
- Solar costs are set to drop with new technologies and manufacturing techniques. This will impact on the energy industry with relief of burden on coal, oil and gas sources of energy and their resultant impact on the environment. There will still be a need for electricity utilities but their role will be reduced.
- Online education is already making rapid inroads into traditional education processes .at university and school levels. For government this is extremely challenging as technology is rapidly ripping central control away and placing it firmly in the hands of the consumer. Education costs will decline and we will witness the old institutions crumble in the face of emerging competition and new delivery methods.
- Blockchain based technologies will make a huge impact on decentralizing and revolutionizing the way transactions in banking, finance and law happen. Not to mention computer programming, scientific research and communications. Blockchain technology came to public awareness with the emergence of Bitcoin. Its roots extend however from cryptography – the science of coding and decoding messages for the purposes of privacy.
- Climate change will not be a social or political issue in the minds of the public within 5 years. That’s not to say that change does not need to happen – a lot still needs to change to improve the quality of environment and human and planetary sustainability. Emerging technologies will help a lot and education of people in the way they treat their environment will result in significant environmental improvement even in the next 6 years.
- A digital healthcare revolution is commencing now where people will soon be able to monitor their own health and respond as needed. New technologies controlled from a smart phone will be able to monitor all major health aspects including ‘wet’ analysis of blood, heart, breath, urine and other sampling tests. If results warrant, your device will be able to recommend various responses including taking yourself to hospital if required or calling an ambulance in extreme cases. Once again competition and technology are making old modes of doing things irrelevant. Often these shifts are occurring where government has taken over an industry and underfunding and lack of adaption have made the industry inefficient and ineffective.
- The coming global depression lasting 8 to 13 years commencing anytime between now and 2018. The coming together of many factors including the level of indebtedness of liberal democratic countries, aging demographics, the inability of global economic growth to accelerate and the crushing level of regulation facing most societies. Cyclically we are also witnessing the peaking of a cycle that spans the massive growth of the west – the Industrial Revolution. As this cycle peaks after some 230 years of growth so we enter the down phase of the cycle in which contraction and liquidation of all the dead wood of that growth phase gets swept away. Thus the path is cleared allowing the birth of a new phase of human growth and development. These cycles occur at many different levels of human existence – at the individual, societal, ethnic and nation state levels.