2. This past June, Alphabet, the superior to Google held its
extensive annual shareholder meeting. Perhaps, one of the
more interesting items on the agenda was a discussion of the
newest tech innovations that Executive Chairman Eric
Schmidt believes will hit the market in the next 5-10 years.
Although he is only one person, his reputation is backed
heavily by the fact that he is part controller of one of the most
innovative institutions in the history of the world. Here are 5
things he had to say.
3. 3D Printed Structures
Just as the buzz seems to be wearing off, Schmidt
expresses the significance of 3D printing and how it can
be utilized to cut the costs of construction and design. He
emphasized the fact of what could happen if the costs of
building and designing structures could be cut down. He
also says that a void in the market will be filled, and that
being the fact that there are no publicly traded
companies that sell 3D printers. So be sure to be on the
lookout for this breakthrough in the years moving
forward.
4. Driverless Cars
Driverless cars are already out there, but only for test runs.
They have already logged over a million miles, but they
haven’t been introduced on a large scale. Schmidt says
that in the coming years many other companies besides
Alphabet, will release the technology, and at this moment
they already have it developed. Driverless cars will hope to
promote safer streets and better communities. The main
reasons behind their delayed launch is legislative, so that
is why it could take so long.
5. Educational Learning from Machines
Schmidt claims that the future of education
will lie in machine learning. What is meant by
this, is that teachers will be using machines to
teach children. This could bring more
specialized curriculums to students. Many
tech giants like Alphabet have begun to put a
large emphasis on machine learning and will
continue to do so. But, IBM is leading the way
in the introduction of machine learning, so
that should available be in the coming years.
6. Meat With No Meat
With increased health issues surrounding meat, Schmidt
claims that companies will use complex systems to
utilize plants and other natural ingredients to establish
foods that are significantly similar to meat products.
Impossible foods, a pioneer in this technology will lead
the way in the Meatless Burger so be on the lookout for
this food breakthrough in this coming year. Others will
soon follow.
7. Cheaper VR
Virtual Reality is already on the market however, like any new
technology it is fairly expensive. Schmidt claims that the
efforts of Alphabet are targeting towards driving the cost of VR
sets down to a reasonable range. He also mentions that VR will
continue to grow and eventually take over as the newest
technology trend and for Alphabet specifically, a revenue
stream. Sony and Facebook notably have the first mover
advantage so Alphabet has some grounds to cover in terms of
market share.