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10 Things Your Kids Won't Be Doing in the Future


The future is not just around the corner; it's already here. As we stand at the confluence of multiple technological revolutions, it's becoming increasingly evident that the world our children will inherit will be vastly different from the one we know today. From AI to Blockchain, the technological landscape is reshaping our daily lives, and in just a decade, many of the tasks we consider routine may become obsolete. Here are ten things you do today that your kids probably won't be doing in the future:


  1. Driving or Owning a Car: With the rapid advancement of autonomous vehicles, the need for human drivers is diminishing. In a decade, our roads will likely be dominated by self-driving cars, making the act of driving a nostalgic experience. Moreover, the concept of car ownership might shift towards shared mobility solutions, making owning a car more of a luxury than a necessity.

  2. Writing on Paper: Digital transformation has already reduced our dependence on pen and paper. With the rise of AR and VR, virtual note-taking, and digital sketching, the traditional pen might become a relic. Our children might learn to "write" in entirely new ways, using gestures, voice commands, or even thoughts.

  3. Learning Languages: While learning languages will always have some value, how we learn them is changing. With real-time translation devices and AI-driven language apps, mastering a new language might become faster and more intuitive. The emphasis might shift from learning to understanding cultural nuances and idioms.

  4. Visiting a Bank: The rise of digital currencies, blockchain, and decentralized finance (DeFi) platforms are making physical banks increasingly redundant. Banking of the future will be online 24/7, and might not even involve people.

  5. Visiting the Doctor: Telemedicine, wearable health monitors, and AI-driven diagnostic tools revolutionise healthcare. Routine check-ups might be done remotely or even the Metaverse, with AI analysing data from wearables to provide health insights. Only specialized care and surgical procedures will require in-person visits.

  6. Shopping in Physical Stores: E-commerce is just the beginning. With AR and VR, virtual shopping experiences will become so immersive that visiting physical stores might be reserved for specific luxury or experiential purchases.

  7. Using Separate Devices: The distinction between phones, computers, tablets, and TVs is already blurring. With the rise of IoT and smart devices, we might move towards a more integrated digital experience. Your wall, furniture, or even yourself could serve as your device interface.

  8. Voting: With the integration of secure blockchain technology, physically going to a polling station to vote might become obsolete. Digital voting platforms, ensuring transparency and security, might become the norm, making the voting process more accessible and efficient.

  9. Your Career: The job landscape is evolving rapidly. Our children might have many jobs and many careers. They might work on multiple projects simultaneously, switch careers multiple times, and even take on roles that don't exist today.

  10. Managing Their Privacy: Today, we actively manage our digital footprints. In the future, with advanced cybersecurity and decentralized data storage solutions, our children might live in a world where their digital identities are inherently secure and private.


But let's not get too complacent with a rose-tinted view of the future. While the statement paints a positive picture of the future driven by technological advancements, there are potential negative implications and concerns associated with such a future. Here are some of the negative sides of the statement:


  1. Loss of Privacy: With the integration of AI, Big Data, IoT, and Cybersecurity, there's an increased risk of personal data being collected, analysed, and misused. This could lead to a world where every action is monitored and analysed, leading to a significant loss of personal privacy.

  2. Job Displacement: Robotics and AI, in particular, have the potential to automate many jobs, leading to significant job displacement in various sectors. While new jobs may emerge, there's no guarantee that displaced workers will have the necessary skills or opportunities to transition to these new roles.

  3. Over-reliance on Technology: A world driven by such advanced technologies might make humans overly dependent on them. This could lead to a loss of basic skills, reduced human interaction, and a potential vulnerability if these systems were to fail or be compromised.

  4. Economic Disparities: Not everyone will have equal access to these advanced technologies. This could further widen the gap between the rich and the poor, leading to increased economic disparities and social tensions.

  5. Ethical Concerns: AI and Big Data analytics could lead to decisions being made without human intervention. This raises ethical concerns about the fairness, transparency, and accountability of these decisions, especially when they impact human lives.

  6. Security Threats: While Cybersecurity is meant to protect, the increasing complexity of our digital world also means there are more vulnerabilities. Advanced technologies can be exploited by malicious actors, leading to potential large-scale security breaches or cyber-attacks.

  7. Social Isolation: AR and VR can offer immersive experiences, but an over-reliance or over-indulgence in these virtual worlds might lead to social isolation, where individuals prefer virtual interactions over real-world human connections.

  8. Environmental Concerns: The production, operation, and disposal of advanced technological devices and infrastructure can have significant environmental impacts, from resource extraction to electronic waste.

  9. Loss of Human Touch: In a world driven by efficiency and automation, there's a risk of losing the human touch in services, care, and interactions, which can be vital for emotional well-being and societal cohesion.

  10. Potential for Misuse: All these technologies, especially AI and Robotics, can be misused in ways that could harm individuals or society, such as in autonomous weapons or surveillance systems.


Conclusion:

The future, driven by the amalgamation of AI, Robotics, AR, VR, Blockchain, Big Data, IoT, and Cybersecurity, promises a world of convenience, efficiency, and integration. Equally, while the amalgamation of these technologies promises numerous benefits, it's essential to approach their integration with caution, foresight, and a deep understanding of the potential negative implications. Balancing technological advancement with ethical considerations, societal well-being, and environmental sustainability will be crucial. As we embrace these technologies, we must ensure they are used ethically, considering the broader societal implications.

The next decade will be transformative (good and bad). While it might seem like we're letting go of many familiar experiences, we're also moving towards a world of limitless possibilities. The key will be to ensure that as we shape this future, we do so with empathy, foresight, and a commitment to creating a world that benefits all.



1648 | Beyond Consulting

We help transform and future-proof financial firms. 1648 is at the forefront of today's rapidly evolving financial landscape, guiding wealth managers and fintech firms through discovery and transformational journeys. Our expertise ensures that these firms adapt to industry transformation and drive it forward by employing the most effective strategies and digital innovations. The future of wealth management becomes more transparent, intelligent, and resilient with 1648.


The strategies presented are thematic and do not constitute investment advice (or advice of any kind). No assurance can be given that the objectives of the investment above strategies will be achieved; the strategies involve risk (including, without limitation, illiquidity risk) and may incur a loss on some or all capital deployed. The opinions expressed, or indeed the information or assumptions that underpin them, may contain errors, mistakes, or omissions; no assurance or warranty can be made as to the accuracy or completeness of this information, and readers should not place any reliance on this content to execute investment decisions or for any other purpose. Readers accept full responsibility for using this content and are kindly requested to consult with their professional advisor before making any investment decision related to the same.


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