What Are The Industries of the Future?

Collaborative post – may contain affiliate links

It seems like the world is changing faster than ever before. With the rise of the internet and other technologies, the old ways of doing things are slowly but surely being scrubbed away, and replaced with the new and the modern. This is having a tremendous impact on multiple aspects of the world, and especially employment. There are some jobs and industries that just won’t exist in the next few decades. If you’re looking for a new career or you’re wondering where to invest your money, then you’ll want to take a read below, where we outline some of the industries that are going to be big in the coming years.

AI and Robotics

One of the primary reasons why some 40% of jobs will be lost in the next couple of decades is because the AI and robotics industry will be so strong. There’ll be little use for manual laborers when there’s a machine that can do the job of fifty works, in half the time, and which you don’t have to pay. There’ll be other, less-manolvent uses for AI and robotics, too, including improved search and rescue operations and better community management. One thing is for sure though, it’s an industry that is going to be all powerful in the coming years — there’s a lot of money being poured into it at the moment, and all the investment will bear fruit at some point. 

3D Printing

It sounds like something out of science fiction, being able to instantly have whatever you need, without even leaving your house. Yet this is the reality that we’ll be living in sooner rather than later. 3D printing has been around for a while, but it hasn’t quite been perfected just yet — it’s still rather limited. In the future, though, this won’t be the case. Once all the kinks have been ironed out, it’ll be possible to print just about anything, from new clothes to DIY tools and beyond. There’s even the suggestion that by 2030, Christmas dinner won’t be lovingly prepared by hand — it’ll be printed. This industry will shake up perhaps just as much as the robotic industry; who will go to a DIY store to buy a hammer when they can just fire up the printer and have one in an hour?

Personalized Tech

They say that technology is supposed to make it easier to communicate with one another, but in fact, it’s actually driven us more within ourselves. There’s not much about the selfie culture that is focused on the community; it’s about the individual. We’re going to see this taken into more constructive ways in the coming years, with the rise of wearable tech. In the future, we’ll have devices that actively monitor our health, push us to work out more, eat healthier, and so on. We’ve already seen the beginnings of this movement in things like the Fitbit and Apple Watch. In the future, we’ll see it become more pronounced and better integrated with the individual. 

All Things Healthcare

A lot of the industries of the future will be driven by developments in technology. But one of the biggest growing industries will be driven by something else entirely: a major shakeup in the makeup of society. In the coming years, we’re going to experience something that’s never happened before: there will be more elderly people than there are young people. And that means that there’s going to be a greater demand for healthcare services. As such, a person with all the necessary entrepreneurial skills would be well-served by looking at starting a company in the medical field. To give an idea of the extent of the projected growth for the industry, just take a look at the top ten highest in-demand jobs in the next decade. Eight of them are different ways of saying ‘nurse.’ 

Alternative Energies

There’s no getting around the fact that one of the biggest changes in the near future is unwelcome, and will have a dramatically negative impact on how many people across the world live. While the governments are dragging their feet at the moment, there will come the point when the signs of climate change become too obvious to ignore. At that point, we’ll likely see a much quicker shift away from reliance on fossil fuels. So what’s going to take the place of coal, oil, and gas, and keep the world ticking along? It’ll be renewable energy sources that keep the lights on. While the technology hasn’t quite been perfected just yet, it is moving in the right direction — and when they do get it right, it’ll be the thing that powers the world…whichever way you look at it, it’s going to be a huge industry.

A New Currency

There’s been a lot of hype and false-starts when it comes to cryptocurrencies, but it’s hanging on in there — and some of the world’s smartest people believe that it’ll fulfill the original prophecy, and the thing that changes the world. BitCoin is, of course, the largest such digital currency, but there are plenty of others too. It should come as no surprise if, ten years down the line, paying with whichever comes out on top is a viable option. 

In the Home

We said earlier that tech had changed many areas of life, and it’s true — its reach is far. One such area where it’ll have a dramatic influence will be in the home. The development of the Internet of Things will open up a market that’s been hitherto non-existent. Everything from our refrigerators to our air conditioning and doors will be infused with the internet. Sure, much of it will be gimmicky — but if the rise of personal tech of the past ten years has shown us anything, it’s that people will always be drawn to the gimmicky.  

We’re entering a new phase of the world, one that has technology running through its veins. When the great digital revolution marches forward, everything will be open to new developments and industry shifts.

What Are The Industries Of the Future?

Collaborative post – may contain affiliate links

The world is ever in flux, but it feels like even more so these days, where change comes quicker than in the past. The internet and all the technological advancements of the past couple of decades — particularly the smartphone — have fundamentally changed the world, forever. Because so much money has been directed towards the tech companies, who have then been able to change the fundamentals of how we live, we’re soon going to see big changes in the working world. Indeed, somewhere in the region of 40% of jobs could be lost in the coming two decades! The good news, however, is that new jobs will be created too. If you’re looking forward and thinking about what you might do for your career, then it’s advisable to, you know, think about whether it’s going to exist in the near future.

But who wants their job to just exist? When you’ve got the whole world open to you, you could select to work in an industry that’s going places, one that’s going to be among the leading industries in the world. You might have a sense of what they are now, but what are they going to be in the future? We take a look at a few that will soon be big players.

Everything Connected

It would be wrong to suggest that the Internet of Things (IoT) is going to be big in the future, because it’s already pretty big now. There are more than eight billion items that are connected to the internet — that’s more items in communication with the web than there are people on the planet. But if that sounds a lot, then hold your horses — this number is going to triple in the coming couple of years. Soon, every daily item you could use will be connected to the web. Now, having your toothbrush store data about how much time you’re spending brushing your teeth isn’t all that exciting. The real power of the IoT will be felt outside of the home — it’ll help optimize traffic flow, for example, or help ensure that the roads are safe. If you’re excited about the potential of the IoT, then you might want to consider finding work in this industry, which could soon be worth some $11 trillion a year.

Home Printing

If you’ve never seen a 3D printer do it’s thing before, then you might want to find some simple 3D plans, get down to your nearest tech center, and see it in action. If you’ve got the 3D file, you can print hard to find tools in under an hour. No delivery, no waiting time, little cost. It’s pretty cool. At the moment, these printers are expensive, and the files that are available aren’t all that diverse. But there’s great potential in these printers, especially when they find their way into the home. Some experts say that in ten to twenty years, Americans will be able to print most household items. You won’t go to the store to buy a toothbrush — you’ll just get the plans, fire up the machine, and wait.

In the not too distant future, we’ll be printing everything — and by that, we mean everything. Your Christmas dinner will come from the printer (if you want it to). Everything that you would have previously visited the shops to buy — such as, say, clothes — will be made onsite, to your own specifications. It’s hard not to get excited about such a thought! If you don’t want to work in this field, then you may consider investing in it. There are plenty of people who think that the value of these stocks are going to skyrocket, especially since in the coming years it’s possible that every American home will have one. It could be like investing in the telephone way back when.

Healthcare Advancements

The advancements we’re making in the world of healthcare don’t always get as much credit as they should. There have been gigantic strides forward over the past few decades. It’s worthy of celebration! Looking forward, we’re going to see even more advancements, ones that take humankind to the next level in their battle with the old age nemesis – Mother Nature. There are some people who say that we’re not all that far away — perhaps just decades away — from achieving longevity escape velocity, which means, in short, that people don’t die. Now, it’s best not to get too excited about that prospect, but it is something that is at least out there as a non-ridiculous concept, which is the first step.

In the immediate future, we’re going to see better treatments, prevention methods, and services made available to patients. Things like wearable tech, gene editing technology, and artificial intelligence (more on that later) will all transform the face of healthcare in the coming years. While it’s always a good idea to enter the healthcare field, now is a particularly exciting time, since there are so many huge breakthroughs just on the horizon.

Artificial Intelligence

There’s been a lot of debate about artificial intelligence in recent times, and with good reason — it’s not so far away from being introduced on a large scale, yet no-one is certain about the effects that it’s going to have on, well, the security of mankind. Several influential people – including Elon Musk – have warned about the dangers, which could involve the destruction of humankind as we know it. The other side of the coin is that it could truly liberate civilization. Things that could humans years to figure out could take AI a few minutes. In short, it could change the world exponentially for the better.

Renewable Energies

That the world needs to switch to more sustainable energy sources is obviously clear. The people know it, the governments know it, the people in charge of the companies who don’t want this to happen know it. While this switch might not be as quick as some people would like, it is happening — and with carbon emission targets to be met by countries around the world in the coming years, it’s only going to speed up.

As you can imagine after 150 years of infrastructure being based on non-renewable energies, this process is going to be a big one. They’ll need people to figure out how to power vehicles, homes, offices — everything, essentially. And we’re not quite there yet in terms of figuring out what’s needed, or how it’s going to be implemented, or how different areas will need different sources.

Decentralized Currencies

We’re talking about industries of the future, but one of the biggest changes that could happen is actually the death of the one that, technology companies aside, essentially rule the world — the banks. It’s possible that in the coming years, the banks, and traditional money, will be decentralized. This will have ramifications that extend far beyond what can be covered here, but essentially, it’ll mean capital (and thus power) more evenly spread out across the world, and a decrease in fluctuations between currencies.

Changing Travel

We already know that transport as we know it has to change. Individual transport in cars that run on fossil fuels, and which, of course, are prone to human error accidents, will likely come to an end in the next few decades as we see the emergence of self-driving cars. In cities, cars might be banned altogether in favor of mass public transport systems, and there’s also the possibility of high-speed train-style transport, like Elon Musk’s Hyperloop system, which is soon to be trialled in France.

Consuming Entertainment

Of all the big changes that have happened in the past, say, fifty years, the one that’s least talked about is how we consume entertainment. It wasn’t so long ago when the first video game was released, and now the industry is worth considerably more than Hollywood! Moving forward, we’re going to see the rise of virtual reality, augmented reality, and other immersive experiences. It’s also possible that television, in the traditional sense, will fall. On a much cooler note, the live concert experience will be transformed — they’re not so far away from creating CGI shows for artists who have longed pass away.

Conclusion

It has been a long time since the world stayed long for any meaningful period of time. Prior to the industrial revolution, you could say things were relatively stable — but it wasn’t out of choice, it’s just that they didn’t have the same tools to transform the world as we do now. With the rise of the internet — and all the collaboration and potential for productivity that it brought — the world began to move faster and faster. Now, we’re beginning to get into a space where several great shifts are going to come all at once. It’s not going to be a smooth transition moving from manpower to AI, from diesel to eco-friendly energy, but it is going to happen. The best way to make sure that you’re not caught in the crossfire is to find a position in an industry that’s going to be at the forefront of the change.