Welcome To A ‘Techy’ Future!

 In Features, News, Startups
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Amid elections, the upcoming ICC World Cup, and everyone going gaga over Game of Thrones, it would be alluring to talk about the future. And, talking about the future would be futile if we don’t mention about tech or the impact it is likely to have on our lives.

Currently, on an average scale, human life expectancy is over 70 years, with 10 percent of the global population living in extreme poverty, and more than 70 percent are literate. If not all, we can very well say that most of these advances are due to the advent of technology, that once began in the industrial age and continues even in the information age.

Well, talking of the future, here are a few exciting new technologies that are likely to improve our daily lives and promote a better way of living.

1. Clean Energy

Despite numerous attempts to fight climate change, it seems that we have a long way to go. Luckily, scientists, engineers, and entrepreneurs have been working hard on the supply side to make clean energy convenient and cost-effective.

Owing to technological advancements, the price of solar cells has dropped by a thick margin since 1977. In the days to come, solar energy would be more cost-efficient than fossil fuels. Many Indian airports are switching to sustainable clean energy.

Even Tesla is manufacturing high-performance, affordable electric cars, along with the installation of electric charging stations worldwide.

2. Augmented and Virtual Reality (AR and VR)

AR and VR are not only exclusive to gaming, but they can be incorporated in all sorts of activities. For instance, they can be used for manipulating 3D objects. Big multinationals like Google, Apple, and Microsoft are spending a good sum of money to make AR and VR more immersive and consumer friendly.

3. Artificial Intelligence (AI)

Artificial Intelligence has stepped into our lives long back and has made rapid advancements in the last decade, due to new algorithms and a massive increase in data collection and computing power. A few days back, Google had built an AI interface that can control data center power system, thereby saving millions of dollars.

4. Blockchains and Cryptocurrencies

It is no longer a secret that cryptocurrencies and blockchain have been providing a new business model. In 2019 alone, millions of dollars were raised for a wider range of innovative blockchain based protocols.

Consider Ethereum. It is a new blockchain based protocol that could be possibly used to create smart contracts and reliable databases that are immune to corruption and censorship.

5. Self Driving Cars

Statistics state that self-driving cars today are safer than human-driven cars. Over a span of the next 3-5 years, they are likely to get safer and will begin to get mainstream. As per a report by the World Health Organisation (WHO), 1.25 million people die from car-related injuries per year.

Self-driving cars are going to reshape the world in the 21st century. Moving ahead, cars would communicate with each other, in order to avoid traffic jams, and riders can also spend commuting time on other activities like work, education and socialising.

Our View

Literally speaking, technology is said to have both its banes and boons. However, moving ahead, the future is going to be tech enabled. Considering an agro-based economy like India, a lot needs to be done before we actually do something concrete. There should be more efforts to educate the masses residing in Tier II and Tier III cities. Until then, a lot needs to be achieved. But, once that is achieved, I guess we are good to go.

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    article is really helpful

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Sachin Bansal