2023 WTF - What's The Future
Future predictions are often made from technical analysis, which is more or less mapping past behavior to numerical values to provide direction over time. Consider that everything is in a constant state of motion. Motion in this sense in the flow of money, where resources are being placed and reallocated from.
As a simplified example, let's compare money and water without all the complexities. The amount of water on the planet is always the same. Sometimes it's stored in lakes, reservoirs, oceans, people, crops, but there's always the same amount of water on the planet. You can't destroy it, you can pollute it, clean it, and what evaporates here ends up as rain somewhere else. Glaciers melt, oceans rise etc, but still the same amount of water exists.
The supply of money is much more complicated, but this is a simple example. When I hear that money was wiped away or billions lost from various investment vehicles, most of that growth was fictitious to begin with, sinking below initial investment levels to actual value is the real loss numbers and those dollars end up being reallocated just like water. Crypto was and is a Ponzi scheme. And, those base crypto investment dollars have resurfaced as luxury homes, vehicles, lavish lifestyles by the people who got in at the beginning. Sorry to those of you who lost and thought this was a way to get rich quick, i.e. get something for nothing, but nature has a way of balancing the equation. Money flowed into these investments, but that doesn't justify the value of them. A stock with a P/E ratio of 2000 times earnings is a mistake of the same sort. Long way to a point, but follow the money and make sure your future investments are backed by solid principals.
The future holds a correction in the markets and in so many other areas. Gartner forecasts IT spending to grow 5% overall in 2023 with 11% placed in software development. Read the article here and decide where and why to put your development resources. Domain names are the cornerstone of developing a new company, a new brand, product line or income stream. Get the best names while you still can.
Drones - The Evolution of Transportation
If you read my blog you know I'm into flying cars and with traffic being what it is, they can't come about soon enough. Doesn't matter what city you live in, it's not any better anywhere else. Either too many vehicles on the road or a failing infrastructure. In this article on DailyMail.co.uk mega drones are being tested with multiple passengers, pilot-less control and with the ability to take the helm in an emergency. The aircraft technology is producing a much needed benefit for air traffic control a well as other industries.
This is an epic shift in society, like going from horse and carriage to automobiles and entrepreneurs need to plan on this trend. In less than 5 years it will be at consumer price levels and in 10 years, common place. High rises and condos need to start being built with landing pads as the new garage. With growing populations, pollution, the need for the use of alternative energies, infrastructure issues, drones and personal aircraft are a great solution to easy all of these problems. And, aside from natural disasters and terrorism, one of the biggest problems our children will face in their life time that you can be certain of is population growth.
Handling and managing all the demands on resources that population growth will bring are where the opportunities lie. If you think traffic sucks now, don't do anything about it. Everyone knows it's gotten worse in the last few years, and that's everywhere. So, forget the race to Mars, let's race to be the first country ready for the 22nd century. Embrace it. This is what will make America great!
The Value of Personal Interactions
It's possible that AI could make human interactions more valuable, but it depends on how it's used. For example, AI-powered customer service chatbots can handle routine inquiries and free up human representatives to handle more complex issues. This could lead to more efficient and satisfying interactions for customers.
AI can also be used to personalize interactions, such as recommending products or services based on a customer's previous interactions or browsing history. This can lead to more relevant and valuable interactions.
AI can also be used to improve communication in areas such as education and healthcare. For example, AI tutors can provide personalized feedback and instruction to students, while AI-powered virtual assistants can help doctors and nurses with tasks such as scheduling and record-keeping.
However, if AI is used to replace human interactions entirely, it could lead to a loss of emotional connection and empathy. Additionally, if AI is not designed to be transparent and accountable, it could lead to mistrust and dissatisfaction.
Overall, AI has the potential to make human interactions more valuable, but it's important to use it in a way that complements and enhances human capabilities, rather than replacing them.
Dive into AI with OpenAI.com and see what you can build while AI is in its infancy and share it with real people while you can still tell them apart from the robots that will be coming soon.
I've been digging into futuristic technology and uncovered an article by Mike Edelhart on Yahoo/Tech news entitled, 9 Technologies That Will Soon Be Inside You. It's interesting news and there just might be some up and coming products to invest in.
I have to admit some of these tech products freak me out. These aren't ideas, they're working prototypes and the concepts, along with the business models, makes sense for each. It's easy to be comfortable with these, we already have several medical implants.
Here's the list: implantable smartphones, healing chips, cyber pills, implantable birth control, smart tattoos, brain-computer interface, meltable bio-batteries, smart dust and the verified self. Is this the biblical mark of the beast? Read the full article with the slide show here.
I have been talking about flying cars being the wave of the future. What will follow is highrises with parking for personal drones. Looks like Miami will be the first US city with a highrise built for parking personal aircraft at the Paramount World Center. As our population increases along with technology, so will new emerging opportunities for all aspects of this new mode of transportation. The future certainly involves every aspect of flying vehicles, from battery technology, to new condos, supermarket parking and heavy on the construction industry to retool it all. This shift in transportation could be the global industry that boosts the the whole world's economy as every country accommodates it's growing population and employment issues.
Theses are exciting times we are living in. Take a look at the video and article Bob Wiley wrote on the MiamiHerald.com.
I left high school a full year early, and as a condition of early graduation my parents had to sign off on it being under 18 years old. They had another condition too, that I attend the local junior college and take at least two classes. As a master of the minimum, that's just what I did, took only two. I took Intro to Business for exactly what it was and Criminal Justice out of curiosity.
I got lucky with my Intro to Business class, the professor was a self made millionaire teaching for only a dollar in salary per year. He had quite an opinion and one of the best pieces of investment advice that I picked up came from him. Simply put, to make money in business you need to look for trends.
Here's 15 trends in technology from the Business Insider that are shaping the future.