Next 10 years will bring many changes to our lives, not only from the perspective of the products we use but also in the business models we deploy and how wealth is created.
We already have much data on us and more to come with wearables and smarter devices surrounding us. Internet of things is right around the corner.
With advancements on artificial Intelligence and ability to have meaningful conversations with chat-bots, we will reach to information and consume information faster.
This is not a small change. This change has many big implications on many industries from medical services to education, from travel industry to law. What has happened to the media industry will start happening to many industries one by one. Anything that can be automated will be automated, and decentralized and distributed. Any profit margin will keep on being squished which will push our businesses in need to find new ways which will push for some structural changes too, from business models to employment and to company structures.
My bet is that our civilization will move to a completely new paradigm with the pressures from the implications of advancements in technology and status of the economy. We will focus on “change” and value “creativity”. We will find new organizational structures and new employment models. We will work on new business models that will create wealth and create wealth for the masses. I believe this will have quite a positive impact on each one of us, forcing us to embrace our creativity and cherish what makes humanity so great.
Another big change which will happen will happen in the UI ( user interface) level whether it is messaging, commerce or social interactions. It will happen in 3D environments. When we combine artificial intelligence and chatbot-like experience with 3D UI, it will be a very immersive experience. I can’t wait for all these pieces to come together. Especially when we have invested in these opportunities since 2009.
These are some of the vertical opportunities that I see coming out in the next 10 years. From education to health care to government services and law, many industries will be disrupted. However, a very important opportunity that will open up a whole spectrum of changes is the need to make changes in the business model. This is a very deep conversation involving discussion of “money” and its role as a tool for societal change. There is no escape from it, I believe it is ripe for change too!
When new “business models” will emerge, we will have much more scientific advancements and big paradigm shifts in the “core” technologies that we use. From space exploration to engines we use in cars, from nanotech to green tech, from physics to genetics, in my belief, business model changes will enable many more paradigm shifts and advancements.
We have positioned since 2009 for the changes we believe in and building patiently for them to come to the reality. As hard it is to invest in ‘long term’ — longer than it is usual business practices in emerging markets — it is also very exciting that our initial bets are becoming realities of our lives.
The future is truly in the hands of bold and passionate, on the hands of the ones who have perseverance.
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