For last few days I have been continuously pushed and pulled by a few friends like Dr. Samuel Madden ,Dr. William Mark and a few at Harvard Business Review, to participate in a yearly conference “AI WORLD CONFERENCE” in Boston, MA. I had been trying to forgo this opportunity and instead focus of a few other engagements in my native area but seems like I would have to attend the conference. So last night I was trying to catch up with several things in the field of AI when I realized the came this shocking fact as how close to extinction , most of our current business and jobs are!
Till few years ago, there was no place without shops like PCO or Public Telephones. Then the mobile phones came, the PCO started to shut down and public Telephones started rusting. Then all those PCOs started selling the phone/handsets, recharge etc again. Now the recharge is also going on line, and these shops are once again facing closure.
Have you ever noticed ..?
Now a days every third shop in the market is now mobile phone. sale, service, recharge, accessories, repair, maintenance.
But in last few months retail transactions have been moving at increasing speed towards online wallets like Paytm, freekarecharge, AmazonPay, AxisPay, UDI etc ..
In 1998, Kodak employed 1,70,000 employees and sold 85% of the world’s photo papers. Within the last few years, digital photography threw them out of the market. Kodak went bankrupt and all his staff came on the road. .
I am sure, lot of you would not agree with me on next. Can you imagine, that in the next 10 years, the business world will change completely and 70 to 80% of the business running today will be closed.
Welcome to the 4th or shall I say 5th Industrial Revolution …
Uber is just a software. They do not have a single car of their own, despite this they are the world’s largest taxi company.
Airbnb is the world’s largest hotel company, while they do not have a single hotel of their own. With their business growing at 25%+ rate, do you think they are giving birth to travelers? No, absolutely not ….. Sure, some new tourists have emerged but more or less, most of this growth of business for AirBnB comes at the cost of old timer Hotel chains 🙁 (my Hotelier friends, are you listening? )
Maximum number of Equity/Shares transactions across the world markets are decided upon and executed not by experienced brokers but through BOTS and automated systems.
79% all illegal financial transactions across the world are not really tracked by smart bankers or Super Chartered Accountants but through smart analytical computer systems.
82% of Terrorists are not tracked by Super efficient sleuths like James Bond or even by likes of Sherlock Holmes by again by 24×7 smart eyes and ears of eves dropping and monitoring systems….
95% of artificial limbs and body parts are actually manufactured using smart machinery driven again from Computer terminals ..sometimes going to the extent of even printing those body parts using 3D printers!
This is not much …..
……………………………………much more scarier hard facts are next …..
Exit the hard working professionals and advisors (like Financial/IT/Medical/Legal Advisors and consultants)
……………………….and Enter Smart IBM Watson …………………
There is no work left for young lawyers in the US now because the software named IBM Watson gives better legal advice throughout the moment. In the next 10 years, 90% of Americans will become unemployed … who will save 10% … they will be Super Specialists.
Similarly other SO CALLED EXPERTS PROVIDING CONSULTANCY services like Chartered Accountants (CA) are also fast losing their ground to Machine Learning / Artificial Intelligence based software and robots….
Lot of Pathological Laboratories and people working there are going out of business because The software named Watson (and it’s smaller clones) can diagnose Cancer and several such diseases with 4x Accuracy as compared to humans. In next decade the computer will not only be more efficient than humans (I think they already are) but would also be more accurate, secure and intelligent than we lazy humans.
By 2018, Driver-less cars will land on the roads. By 2020, this single invention will start to change the whole world in a big way.
90% cars will disappear from the streets of the world in the next 10 years … Ones surviving this revolution will either have electric cars or hybrid … roads will be empty (lot of traffic moving up in air or in fact lot even higher then our atmosphere to higher so called “Dead Zones” which are currently not yet used by best of airplanes, but chinese broke the barrier by sending drones flying in that zone.
You will request a car from a software like Uber and in a few moments, a driverless car will come flying to your footsteps … and the ride would be cheaper than your bike of today.
Due to being a driver-less of cars, 99% of accidents will stop. This will stop the business of Car Insurance.
No job like a driver will survive on earth.When 90% cars will disappear from cities and roads, problems like Traffic and Parking will automatically end … because a car will be equal to 20 cars of today, though this may lead to newer far more complex problems, finding solution for which might be far beyond our tiny brains and would need Artificial Intelligence based Robotized Police……
Most of you would remember most of the following:
Friends … there was no shortage of quality in all these, yet they are out of the market. !!
but they did not do.!!
Keep looking forward and re-evaluating your business and future plans
Keep changing and updating your (business) attitude
Keep doing it Time to Time. !!
Run not with time but try to run ahead of time and keep succeeding …….
For a future
Where we can remain and survive as master of the technology and not the vice versa …
Hope I have not bored you with my rumblings and perhaps stroked you gently to think and review, as how ready and tooled you are to not only survive but to grow with the future ……..
Your kind reviews and feedback is solicited …please do leave comment below..
Please do note that all the technical terms, names, images are the copyright held by their respective owner. I am also linking to them or reproducing here for the sole purpose of illustration and do not claim any sort of right to any of those terms/names/material ……