I have long believed that the way we interact as humans is on an accelerating journey towards massive change. Whether the next interaction frontier involves the brain or a broad Metaverse vision, it is almost certain that how we interact will change. There have been several waves of change to our interaction paradigm through at least three stages of transformation. However, the next transformation will alter many long-standing beliefs, and as we explore possibilities, emerging scenarios can be very illuminating.Continue reading
When exploring how evolving technology will affect different aspects of our lives and society more broadly, one of the most interesting things we tend to find is that consequences are not wholly positive or negative.
This is perhaps clearest in the constant debates about what technology will do to job markets. Common logic dictates (to many at least) that increasing automation and new tech will eliminate opportunities and bring about massive net losses in employment. On the other hand, there are more and more arguments suggesting that automation and AI will also create new jobs. One particularly optimistic piece on The Washington Post in 2018 even predicted that machines would create 58 million more jobs than they would displace over a four-year span!Continue reading
While COVID-19 is an acknowledged accelerant, we are accelerating towards a known destination. Remote learning and working should have evolved sooner; the digital foundation should have been a priority earlier; eCommerce should have exploded by now; and last-mile delivery is only just beginning. Although we may arrive at this destination sooner, acceleration now draws scenarios that are further out closer. Those that may have been reluctant to order online overcame their fears. The elderly on zoom calls is now a thing. With broader societal adoption comes an ability to more aggressively pursue innovative ideas that may have been further out. When combined with learning that comes from broader adoption, acceleration becomes a virtuous cycle.Continue reading
The Fast Future team continues to provide foresight in various areas. In this recent Article they explore what family life may look like in 2025. The possible future they describe is built on a foundation of multi-sensory immersive experiences, while distance is eliminated. We will no longer miss family celebrations and story-telling rises to new levels. Imagine a grandparent telling stories from their past, brought to life in ways that stimulate our emotional sensations.
Globalization could be entering its third act. In a book titled The Great Convergence, Author Richard Baldwin describes the three constraints that have limited globalization: the cost of moving goods, the cost of moving ideas, and the cost of moving people. The first two acts of globalization occurred when the cost of moving goods and ideas dropped. While globalization raised the standard of living in several developing economies, the third constraint limited the breadth of impact.
In his closing chapter, Mr. Baldwin explores the possibility of a third act. This act is driven by dramatic advancements in areas that address the third constraint. If the cost of moving people were to drop, developing nations like South America, Africa, and others could be the beneficiaries of this third act. How will the cost of moving people drop? What advancements enable this third act? In his closing chapter, Mr. Baldwin touches on enabling innovations and their fascinating potential. Here is a brief look at these innovations: