The Future of Technology - Six remarkable advances in technology are coming soon and they will change the world forever

The Future of Technology - Six remarkable advances in technology are coming soon and they will change the world forever

Summary

There are many technologies and ideas throughout the world which are exciting in their potential but whose effects are mainly pipedreams that we never get to see in the flesh. However, in the world of tech there is currently a wave of industries that have real potential to change our world forever and they are likely to be realized within the next decade. These industries are inextricably linked and serve to augment the capabilities of each other, meaning that the rate of change is likely to snowball. From artificial intelligence, through to the space industry the rate of technological advancements in the last few years has been dramatic and this report examines and speculates on what is coming in the next decade and what their implications might be.

Key Highlights

- These technologies on their own are likely to be revolutionary once we have them, but the most change will come when they are functioning together. For instance, a world where an advanced AI is able to use a quantum computer to conduct its research is not far away.
- Many of the worlds biggest companies have invested heavily in these emerging tech markets and their desire for innovation, new products and understanding is driving these companies forward.
- Not all of the side effects of this technological development can be predicted and some future scenarios may even be negative. There are organizations preparing for this scenario too, researching how to control AI for instance or developing less invasive neurological surgeries to try and make sure that the coming tech breakthrough is a positive one.

Scope

- Examines six major technology areas where fundemental breakthroughs are only a few years away and what effect they might have on our world
- Looks at artifical intelligence, who the major players are and what they want to achieve
- Examines how driverless technology is creeping into the worlds transportation systems and what this means for us
- Looks at the big players trying to build quantum computers and what they want them for
- Analyzes how factories are changing with robotics and automation
- Examines how brain implant technology is starting to produce results
- Looks at the space industry and the emerging competition for a new market

Reasons to buy

- What major technology advances are coming soon and how will they effect businesses, society and learning?
- Who are the big players that are chasing this technology and what do they seek to gain from it?
- What could be the positive and negative outcomes of some of these technologies?
- Are some of these technologies worth having? Or might they be a waste of investment?

Executive summary 2
Artificial Intelligence: revolutionizing industries across the world 2
Driverless vehicles: technology will change global transport forever 2
Quantum computing: using the bizarre tiny world of the quantum to solve humanitys biggest problems 2
Industry 4.0: billed as the fourth industrial revolution, factories are changing 2
Brain Implants: using advanced neurology to repair or enhance our brains 3
Cleaning up space: a new industry is born commercializing space 3
Artificial Intelligence is revolutionizing industries across the world 10
AI is potentially useful for a wide range of industries 10
Investment in AI has been significant over recent years 10
Machine learning has received the most investment over recent years due to Big Data increasingly becoming a huge focal point for businesses 11
Machine learning is apparent in an array of industries 12
The healthcare industry is in transformation thanks to AI developments 12
AI aims to save costs but instead will increase them for businesses 14
Although costs are associated with AI maintenance, soon AI will be doing the handling 15
Unemployment is a fear of the future, not so much right now 16
Teachers fear not as robots target other jobs instead 16
Driverless vehicle technology will change global transport forever 17
Long considered to be averse to change, shipping is about to transform 17
Technology is advancing towards full autonomy for large vessels but work still needs to be done 18
Developing the regulation for autonomous shipping will take time and likely fail to keep pace with technological development 18
Driverless cars face a steep development curve to become mainstream 19
Mapping and regulating problems hold back progress on autonomous cars 20
Technology needs to be refined for everyday purposes before driverless cars can become mainstream 20
Autonomous trucks are changing how mining is done today; transport must wait for development 21
Autonomous trucks for the road are being frustrated by lack of enthusiasm from multiple parties 22
Application for autonomy extends beyond freight into everyday menial jobs 22
Major aircraft manufacturers are moving ahead with autonomous planes 23
Boeing to test pilotless aircraft in 2018 as technology nears required level of sophistication 23
Airbus self-flying taxi is the transformative application of autonomous technology in personal transport 23
Quantum computing: using the bizarre tiny world of the quantum to solve humantys biggest problems 25
Classical computers are limited to strict physical laws 25
Physics of the quantum world is very difficult to understand let alone tame 26
Qubits are the fundamental bit of information that quantum computers use 26
Quantum entanglement allows qubits to be spookily aware of each other no matter how far apart 27
Quantum decoherence is the main technical difficulty that is trying to be overcome 27
Quantum outclasses classical by many orders of magnitude 27
Quantum computing is getting ready to truly take off but there are some difficult barriers to overcome 28
Optimization and cryptography are the main draws of Quantum ability, applicable to many industries 28
Optimization is one of the key uses for a quantum computer 28
Predicting future problems using needle in a haystack searching 29
The quantum world provides advanced encryption possibilities 29
Using quantum combined with AI technology is where the future is headed 29
Companies involved are wide ranging and big investments have been made 29
DWave computer has been criticized as not Quantum which is a setback 30
IBM has commercial versions being readied approaching 20 qubits 31
China manages to achieve the longest ever sending of entanglement 31
Industry 4.0: Billed as the fourth industrial revolution, factories are changing 33
Autonomous technology forecast to achieve large gains in efficiency 33
Embracing industry 4.0, Audi introduces the automotive factory of the future at Ingolstadt 34
Advancement in high-tech material production driven by industry 4.0 improves production, reducing costs 35
Production line of the future sees workforce and technology working together closely 36
New robotic technology works alongside people on production lines in car manufacturing 37
New robotic technology is changing how humans interact with the movement of items in logistics 38
Robotic technology of the future will be worn by workers, helping them perform physical tasks 39
Brain Implants: Using Advanced neurology to repair or enhance our brains 41
Assisting brains that need repair is a key aim of neural implants and BCIs 41
Cochlear implants are very common place, non-invasive and can restore senses 42
Deep brain stimulation alleviates the symptoms of Parkinsons disease 43
Retinal implant technology is allowing the blind to see again through a bionic eye 43
Treatment of spinal injuries to allow patients with paraplegia to move again 44
Microfibers are becoming more advanced and this is opening up new possibilities 44
The next step for BCIs is human enhancement 45
DARPA has been working in this field for a number of years for defense purposes 45
Kernel is looking to find ways to improve human intelligence and cure disease 46
Neuralink is planning to create an AI interface between the brain and computers 46
Even successful programs have shown that side effects can be severe 46
Cleaning up space, A new Industry is born 48
Space exploration is on the up and protecting investments is key 48
Space junk has built up over decades, time for a clean-up 48
Junk that arrived there up to 50 years ago still orbits Earth 48
Entrepreneurs start thinking of ways to clear the junk yard 50
There will be little space for companies to clean up space 53
Points of interest 55
Appendix 56
Definitions 56
Sources 56
Further Reading 57
Ask the analyst 57
About MarketLine 57
Disclaimer 58

List Of Tables

Table 1: Venture Capital Investment in firms developing AI technology ($m) in monetary terms 11
Table 2: Simulating a Quantum computer on a classical computer 28
Table 3: Companies investing in and developing quantum technology for their use 30
Table 4: Estimated Unit sales of Co-bots 2012-2015 37

List Of Figures

Figure 1: Venture Capital Investment in Firms Developing AI Technology ($m) 11
Figure 2: Top 10 applications in healthcare, according to Accenture. ($b). 13
Figure 3: Investment activity into Healthcare AI ($m) 14
Figure 4: Growth in AI safety spending ($m) 15
Figure 5: Years from 2016 where we can expect to see certain AI technologies replacing human jobs 16
Figure 6: Global marine freight industry value ($bn) 17
Figure 7: YARA Birkeland, autonomous ship 18
Figure 8: Artists impression of autonomous Rolls-Royce ship 19
Figure 9: Baidu Driverless Vehicle Testing 20
Figure 10: Rio Tinto net income ($m) 21
Figure 11: Volvo semi-autonomous truck testing 22
Figure 12: Airbus air taxi 24
Figure 13: Quantum computer 25
Figure 14: Classical versus quantum computer 26
Figure 15: D Wave Quantum computer 2000Q 31
Figure 16: Chinas Micius satellite and its experiments 32
Figure 17: BMW Autonomous Robot 33
Figure 18: BMW Group, number of cars sold 2008-2016 (millions) 34
Figure 19: Audi Ray robot artists impression 35
Figure 20: Baxter robot, Rethink Robotics 36
Figure 21: Number of robots used by Amazon (thousands) 38
Figure 22: Amazon Robot moving goods in warehouse 39
Figure 23: Panasonic exoskeleton 40
Figure 24: Brain implant representation 41
Figure 25: Top six fastest growing medical equipment segments by expected growth CAGR (%), 2013-2020 42
Figure 26: Cochlear implant from Advanced Bionics 43
Figure 27: Argus II retinal implant device 44
Figure 28: New flexible microfibers may provide breakthrough in spinal injuries 45
Figure 29: Public opinion in the USA on biological tech 47
Figure 30: John Glenn, one of the first astronauts to enter space 49
Figure 31: Cataloged Objects in Orbit as of October 2012 50
Figure 32: The prospect of nets being used to capture space junk 51
Figure 33: Astroscales ELSA satellites in a demonstration phase in 2016 52
Figure 34: White dots indicate what is meant to be Space Junk orbiting Earth, currently 53

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