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11 reasons to be excited about the future of technology

The cars we travel in, medical treatment and even the food we eat looks set to change

PUBLISHED : Friday, 19 August, 2016, 6:03am
UPDATED : Friday, 19 August, 2016, 2:19pm

In the year 1820, a person could expect to live less than 35 years, 94 per cent of the global population lived in extreme poverty, and less that 20 per cent of the population was literate. Today, human life expectancy is over 70 years, less that 10 per cent of the global population lives in extreme poverty, and over 80 per cent of people are literate. These improvements are due mainly to advances in technology, beginning in the industrial age and continuing today in the information age.

There are many exciting new technologies that will continue to transform the world and improve human welfare. Here are eleven of them.

1. Self-Driving Cars

Self-driving cars exist today that are safer than human-driven cars in most driving conditions. Over the next 3–5 years they‘ll get even safer, and will begin to go mainstream.

The World Health Organisation estimates that 1.25 million people die from car-related injuries per year. Half of the deaths are pedestrians, bicyclists, and motorcyclists hit by cars. Cars are the leading cause of death for people ages 15–29 years old.

Just as cars reshaped the world in the 20th century, so will self-driving cars in the 21st century. In most cities, between 20–30 per cent of usable space is taken up by parking spaces, and most cars are parked about 95 per cent of the time. Self-driving cars will be in almost continuous use (most likely hailed from a smartphone app), thereby dramatically reducing the need for parking. Cars will communicate with one another to avoid accidents and traffic jams, and riders will be able to spend commuting time on other activities like work, education, and socialising.

2. Clean Energy

Attempts to fight climate change by reducing the demand for energy haven’t worked. Fortunately, scientists, engineers, and entrepreneurs have been working hard on the supply side to make clean energy convenient and cost-effective.

Due to steady technological and manufacturing advances, the price of solar cells has dropped 99.5 per cent since 1977. Solar will soon be more cost efficient than fossil fuels. The cost of wind energy has also dropped to an all-time low, and in the last decade represented about a third of newly installed US energy capacity.

Forward thinking organisations are taking advantage of this. For example, in India there is an initiative to convert airports to self-sustaining clean energy.

Tesla is making high-performance, affordable electric cars, and installing electric charging stations worldwide.

There are hopeful signs that clean energy could soon be reaching a tipping point. For example, in Japan, there are now more electric charging stations than gas stations.

And Germany produces so much renewable energy, it sometimes produces even more than it can use.

3. Virtual and Augmented Reality

Computer processors only recently became fast enough to power comfortable and convincing virtual and augmented reality experiences. Companies like Facebook, Google, Apple, and Microsoft are investing billions of dollars to make VR and AR more immersive, comfortable, and affordable.

People sometimes think VR and AR will be used only for gaming, but over time they will be used for all sorts of activities. For example, we’ll use them to manipulate 3-D objects.

To meet with friends and colleagues from around the world. And even for medical applications, like treating phobias or helping rehabilitate paralysis victims.

VR and AR have been dreamed about by science fiction fans for decades. In the next few years, they’ll finally become a mainstream reality.

4. Drones and Flying Cars

“Roads? Where we’re going we don’t need… roads.” — Dr. Emmet Brown

GPS started out as a military technology but is now used to hail taxis, get mapping directions, and hunt Pokémon. Likewise, drones started out as a military technology, but are increasingly being used for a wide range of consumer and commercial applications.

For example, drones are being used to inspect critical infrastructure like bridges and power lines, to survey areas struck by natural disasters, and many other creative uses like fighting animal poaching. 

Amazon and Google are building drones to deliver household items.

The start-up Zipline uses drones to deliver medical supplies to remote villages that can’t be accessed by roads.

There is also a new wave of start-ups working on flying cars (including two funded by the cofounder of Google, Larry Page).

Flying cars use the same advanced technology used in drones but are large enough to carry people. Due to advances in materials, batteries, and software, flying cars will be significantly more affordable and convenient than today’s planes and helicopters.

5. Artificial Intelligence

"It may be a hundred years before a computer beats humans at Go — maybe even longer." — New York Times, 1997

Artificial intelligence has made rapid advances in the last decade, due to new algorithms and massive increases in data collection and computing power. 

AI can be applied to almost any field. For example, in photography an AI technique called artistic style transfer transforms photographs into the style of a given painter.

Google built an AI system that controls its datacenter power systems, saving hundreds of millions of dollars in energy costs.

The broad promise of AI is to liberate people from repetitive mental tasks the same way the industrial revolution liberated people from repetitive physical tasks.

Some people worry that AI will destroy jobs. History has shown that while new technology does indeed eliminate jobs, it also creates new and better jobs to replace them. For example, with advent of the personal computer, the number of typographer jobs dropped, but the increase in graphic designer jobs more than made up for it.

"Master of Go Board Game Is Walloped by Google Computer Program” — New York Times, 2016

It is much easier to imagine jobs that will go away than new jobs that will be created. Today millions of people work as app developers, ride-sharing drivers, drone operators, and social media marketers— jobs that didn’t exist and would have been difficult to even imagine ten years ago.

6. Pocket Supercomputers for Everyone

By 2020, 80 per cent of adults on earth will have an internet-connected smartphone. An iPhone 6 has about 2 billion transistors, roughly 625 times more transistors than a 1995 Intel Pentium computer. Today’s smartphones are what used to be considered supercomputers.

Internet-connected smartphones give ordinary people abilities that, just a short time ago, were only available to an elite few:

“Right now, a Masai warrior on a mobile phone in the middle of Kenya has better mobile communications than the president did 25 years ago. If he’s on a smart phone using Google, he has access to more information than the US president did just 15 years ago.” — Peter Diamandis

7. Cryptocurrencies and Blockchains

Protocols are the plumbing of the internet. Most of the protocols we use today were developed decades ago by academia and government. Since then, protocol development mostly stopped as energy shifted to developing proprietary systems like social networks and messaging apps.

Cryptocurrency and blockchain technologies are changing this by providing a new business model for internet protocols. This year alone, hundreds of millions of dollars were raised for a broad range of innovative blockchain-based protocols.

“If you asked people in 1989 what they needed to make their life better, it was unlikely that they would have said a decentralised network of information nodes that are linked using hypertext.” — Farmer & Farmer

Protocols based on blockchains also have capabilities that previous protocols didn’t. For example, Ethereum is a new blockchain-based protocol that can be used to create smart contracts and trusted databases that are immune to corruption and censorship.

8. High-Quality Online Education

While college tuition skyrockets, anyone with a smartphone can study almost any topic online, accessing educational content that is mostly free and increasingly high-quality.
Encyclopedia Britannica used to cost US$1,400. Now anyone with a smartphone can instantly access Wikipedia. You used to have to go to school or buy programming books to learn computer programming. Now you can learn from a community of over 40 million programmers at Stack Overflow. YouTube has millions of hours of free tutorials and lectures, many of which are produced by top professors and universities.

The quality of online education is getting better all the time. For the last 15 years, MIT has been recording lectures and compiling materials that cover over 2000 courses.

As perhaps the greatest research university in the world, MIT has always been ahead of the trends. Over the next decade, expect many other schools to follow MIT’s lead.

9. Better Food through Science

Earth is running out of farmable land and fresh water. This is partly because our food production systems are incredibly inefficient. It takes an astounding 1799 gallons of water to produce 1 pound of beef.

Fortunately, a variety of new technologies are being developed to improve our food system.
For example, entrepreneurs are developing new food products that are tasty and nutritious substitutes for traditional foods but far more environmentally friendly. The start-up Impossible Foods invented meat products that look and taste like the real thing but are actually made of plants.

Their burger uses 95 per cent less land, 74 per cent less water, and produces 87 per cent less greenhouse gas emissions than traditional burgers. Other start-ups are creating plant-based replacements for milk, eggs, and other common foods. Soylent is a healthy, inexpensive meal replacement that uses advanced engineered ingredients that are much friendlier to the environment than traditional ingredients.

Some of these products are developed using genetic modification, a powerful scientific technique that has been widely mischaracterised as dangerous. According to a study by the Pew Organization, 88 per cent of scientists think genetically modified foods are safe.

Another exciting development in food production is automated indoor farming. Due to advances in solar energy, sensors, lighting, robotics, and artificial intelligence, indoor farms have become viable alternatives to traditional outdoor farms.

Compared to traditional farms, automated indoor farms use roughly 10 times less water and land. Crops are harvested many more times per year, there is no dependency on weather, and no need to use pesticides.

10. Computerised Medicine

Until recently, computers have only been at the periphery of medicine, used primarily for research and record keeping. Today, the combination of computer science and medicine is leading to a variety of breakthroughs.

For example, just fifteen years ago, it cost US$3 billion to sequence a human genome. Today, the cost is about a thousand dollars and continues to drop. Genetic sequencing will soon be a routine part of medicine.

Genetic sequencing generates massive amounts of data that can be analysed using powerful data analysis software. One application is analysing blood samples for early detection of cancer. Further genetic analysis can help determine the best course of treatment.

Another application of computers to medicine is in prosthetic limbs. 

Soon we’ll have the technology to control prothetic limbs with just our thoughts using brain-to-machine interfaces.
Computers are also becoming increasingly effective at diagnosing diseases. An artificial intelligence system recently diagnosed a rare disease that human doctors failed to diagnose by finding hidden patterns in 20 million cancer records.

11. A New Space Age

Since the beginning of the space age in the 1950s, the vast majority of space funding has come from governments. But that funding has been in decline: for example, NASA’s budget dropped from about 4.5 per cent of the federal budget in the 1960s to about 0.5 per cent of the federal budget today.

The good news is that private space companies have started filling the void. These companies provide a wide range of products and services, including rocket launches, scientific research, communications and imaging satellites, and emerging speculative business models like asteroid mining.

The most famous private space company is Elon Musk’s SpaceX, which successfully sent rockets into space that can return home to be reused.

Perhaps the most intriguing private space company is Planetary Resources, which is trying to pioneer a new industry: mining minerals from asteroids.

If successful, asteroid mining could lead to a new gold rush in outer space. Like previous gold rushes, this could lead to speculative excess, but also dramatically increased funding for new technologies and infrastructure.

These are just a few of the amazing technologies we’ll see developed in the coming decades. 2016 is just the beginning of a new age of wonders. As futurist Kevin Kelly says:

"If we could climb into a time machine, journey 30 years into the future, and from that vantage look back to today, we’d realise that most of the greatest products running the lives of citizens in 2050 were not invented until after 2016. People in the future will look at their holodecks and wearable virtual reality contact lenses and downloadable avatars and AI interfaces and say, 'Oh, you didn’t really have the internet' — or whatever they’ll call it — 'back then.'

"So, the truth: Right now, today, in 2016 is the best time to start up. There has never been a better day in the whole history of the world to invent something. There has never been a better time with more opportunities, more openings, lower barriers, higher benefit/ risk ratios, better returns, greater upside than now. Right now, this minute. This is the moment that folks in the future will look back at and say, 'Oh, to have been alive and well back then!'

See Also:
The reason Uber's self-driving cars need to master Pittsburgh
10 million self-driving cars will be on the road by 2020
How a Medium post and a single tweet helped one start-up land a prominent investor

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