Some Ways Technology Is Going To Radically Change The Business World

in LeoFinance3 months ago

Henry Ford once surmised that if you asked people what they wanted, they would have replied "faster horses".

The truth is we really do not know what it is we want when it comes to the future.

Steve Jobs had a similar viewpoint. He believed that you could not ask people what they wanted but had to show them what they could have.

The same holds true today. We have a lot of technology available to us that could radically change the fortune of humanity. In fact, we have the ability to create "super humans" according to many.


In spite of this, many fear the technology that is coming down the road. A great deal of this is due to Hollywood and Science Fiction writers. Films such as the Matrix and Terminator give us a view of technology, especially artificial intelligence, that is entirely negative.

What is ironic is that, throughout history, technology has improved humanity. While there are bumps in the road, such as atomic energy, it mostly beneficial. Sure we dropped the two bombs during World War II which is a blight on humanity. However, we power many homes, hospitals, and schools using this power.

The reality is that technology is going to radically alter the business world. At the top of the list is Artificial Intelligence. While many have visions of it being our overlord as depicted in SciFi books and films, this is not likely the case. Instead, we will merge with technology over time.

For example, search is getting better. Why is this important? Because in our digitized world of information, being able to pull up the data exactly as we need it is vital.

Of course, today we enter a word or phrase into a connected device and the search engine pulls up a series of results.

This all changes when we add advanced levels of AI to search. Instead of a search engine, we have a personal AI assistant. This will be something that knows us intimately. So not only can it provide us with any answer we seek (first generations are Alexa and Siri) but also coordinate all we need. Scheduling, ordering, and a host of other activities that assistants handle will be done by our personal AI.

Of course, there is nothing that says we cannot have a fleet of these. If we accomplish that, we essentially have our own personal AI workforce. So basically we will see entire companies that are composed of nothing but AI, even if they are only narrow in their scope.

It is important to remember that AI is really just software, albeit advancing in scope. Thus, we have a preview of what is to come if we look at the financial industry. Through automated trading, software basically runs markets. Humans are not involved in the trading platforms for many of Wall Street's largest firms.

Another area is deepfakes. While many will say these are bad and can be misused for propaganda, there are benefits to it.

For example, in the film industry, what happens if an actor or actress dies during filming? The entire production is shut down with the script being rewritten. This adds major delays as well as a great deal of expense.

With deepfakes, the actor or actress could be "faked" into the parts of the film was not recorded. This would allow for deadlines to be met while keeping the costs down.


Robots are going to take over many facets of the business world. This includes those that are shaped like cars.

Our manufacturing is rapidly being moved into the realm of robotics. Whether it is on the factory floor or in the form of 3-D printing, this entire industry is going to be automated. At the same time, we see the idea that the transportation sector will become automated, ultimately creating a safer as well as more efficient system.

There is a downside to all this naturally. Humans in the workforce is likely to decline. This has huge implications upon society, ones that we appear not ready to address. Sadly, it seems we will wait until there is a crisis upon us before we seek alternative solutions.

Either way, it is not going to be business as usual. Over the next decade, there will be major changes taking place, much due to technology. How companies adapt is going to determine whether they will still be in business.

This also have implications for those who are entering the workforce. We are seeing time condensed as technology speeds up. Therefore, what was a 5 year plan is now 3; a 10 year plan became 7. Are we able to operate in this manner?

Cryptocurrency is seeing the adoption of DAOs. This is going to take on added meaning as we proceed forward. Entire companies will be autonomous providing us an entirely new business structure. This is going to extend beyond the crypto industry and will likely be one of the common ways companies are established.

How do we interact with an entity that has no employees, board of governors, and no physical location?

Ultimately, we are faced with a future that is not only made up of prosumers but one where the users are the owners. In additional, through the concept of fractional ownership, people from all over the world will have a piece in many different entities. One individual could own a piece of thousands of different companies.

If this comes to fruition, what does it mean for employment. Overall, it is easy to see how most people will not require it since they will have resources due to their ownership in different projects.

In short, we are looking at a radical transformation of the entire business world.

It will be interesting to see how people handle what is coming down the road.

If you found this article informative, please give an upvote and rehive.

gif by @doze


logo by @st8z

Posted Using LeoFinance Beta


You stated that" Robots are going to take over many facets of the business world. This includes those that are shaped like cars." I think that this would be nice for someone who is disabled and a way to get around town or to a Doctor' appointment without having to bother friends and family to help. What a sense of freedom this would have to someone disabled. Or to have a robot to cook and clean, a person could stay in their own home without going to a nursing home. So many good possibilities. I don't know how this will work out for young people entering the job force. I guess we will wait and see. I do believe that everything is going to change, some faster than we want.

One demographic that is truly going to be helped is the elderly who often have difficulty getting around. This will give them renewed freedom.

Posted Using LeoFinance Beta

Crypto gave great confidence to many users
When it comes to continuous improvement, this attracts a lot of attention
When it comes to more wonderful opportunities it makes us think well and do well

Posted Using LeoFinance Beta

Technology has changed so many things, at such a fast speed, that I can no longer be so easily impressed when I see something new, haha!

Posted Using LeoFinance Beta

Hard to keep up to be totally honest with you.

The last 5 years saw things move at warp speed. It is only going to increase over the next 5 years.

Posted Using LeoFinance Beta

I think we are far away from having robot overlords! Yes automation is very real and will impact jobs and we are not prepared as a society. On the other hand, it should reduce the cost of goods especially 3d printing meaning less material waste and labor cost, these savings should be transferred to the consumer. Maybe we'll have less jobs, perhaps we need less to live. Blockchain technologies opens a whole new portal for this automation aggravating the jobless/automation problem in the first place. Yes they can also be an era of abundance, it depends on how humans will use the technology, with greed being the main driver of society, who knows what kind of road we are on but early adopters will sure benefit in abundance. Obviously me being here I support a model of the users should be the owners and have a say but if the powers that be can help it, they will do whatever they can to prevent that and their demise of their archaic system. Also the general population prefers everything catered to them on a silver plater with no risks because people can own in what they consume doesn't mean they will actually take the plunge.

I do not buy into the robot overlords idea.

We will end up becoming intertwined with our technology, just like we always have.

Posted Using LeoFinance Beta

Nice look into the future with this article mate. A while ago I was talking to my mother about what the future could be like thanks to robotics and artificial intelligence. A world where people no longer have to work so many hours or days, or even not have to work at all thanks to robots and AI could do all the work for us, and just as you say in your post, each person would have small stakes in thousands of companies. A world in which humans are free to live without so many worries and technology does the heavy lifting for us, we would just concentrate on continuing to research, experiment and improve the technology we would already have, and on the most important thing, living.

Obviously, in order for this system to be implemented someday in the future, there would have to be unity in the world. The truth is a very complicated issue since we would also need a world free of corruption for such a system to be implemented in the future.

Posted Using LeoFinance Beta

I dream of a world where children are born with a portfolio of shares in autonomous companies and crypto. So when they reach 18 they can live off the dividends ( or use them for tuitions, etc).

Posted Using LeoFinance Beta

Not the most outlandish idea. It is something that is certainly possible depending upon what is designed.

There is no reason why something like that could not be tokenized.

In fact, during their childhood years, their personal AIs could be generating incomes for them.

Posted Using LeoFinance Beta

Well, I'm happy you like this idea, it's been in my head for a few years

Posted Using LeoFinance Beta

I wonder if the world moved into another revolution phase as I see us moving from traditional way of doing business to one powered from technology. But we have all the facts to support that and blockchain and decentralization surely plays its role.

Posted Using LeoFinance Beta

I think it is happening. We just need to keep pushing things in that direction.

We are going to see this idea creep into people's mindsets.

The Great Reset wants to remake things but with us owning nothing and everything in the hands of a few elite people.

Posted Using LeoFinance Beta

Deepfakes may very well the end the blackmail as we know it today. No compromising audio and video recording will be beyond reasonable doubt about being manufactured. This could also have significant consequences in the area of criminal justice.

Posted Using LeoFinance Beta

Bang, I did it again... I just rehived your post!
Week 51 of my contest just can now check the winners of the previous week!

great share thanks

Posted Using LeoFinance Beta

I read his articles with love and interest. I would like to read more of his informative and inspiring articles thank you for every good information you shared

Posted Using LeoFinance Beta