Six Future Trends and Their Impact on the Economy and Society

I often think about the future.

How are we going to live tomorrow or in 20-30 years? No one knows what is waiting for us, but let’s take a look at some major trends that will shape our future in the coming years:

1. Internet of Things

Nowadays, we can’t imagine our life without the IoT (Internet of things).

Smart houses, electronic keys, voice-activated digital assistants, various sensors. All these gadgets help to spend time efficiently and the Internet of medical things helps us to be healthy. Each person will know their health indicators and control them. The body will be constantly diagnosed. And all you need is just a watch. We will learn about diseases before they spread. So, people will live longer and stay active even at 90+.

2. Urbanization

Today, on the planet, there are 31 megalopolises with a population of more than 10,000,000 people.

Soon there will be more such cities. When I was born, there were 4.5 billion people on Earth. Today, there are almost 8 billion. In another 50 years, there will be 14 billion people and 80% of people will live in big cities.

3. Climate Сhange

The climate of the planet will change.

Melting of glaciers, hurricanes, tsunamis, droughts, heat waves is waiting for us. The average temperature will rise to 35°C. It will be 50°C in Paris in the summer. But the main threat is the pollution of the planet. The soil, ocean, space are covered with litter. Many species of animals simply disappeared. Clean air and drinking water will be a luxury for human beings.

4. Robotization

Many people are afraid of the consequences of robotization.

75 million jobs will disappear in the next 10 years. The robot is much more efficient and stronger than any human. It is able to work 24/7 and always be in a good mood. Machines already know how to recognize faces, voices, and emotions of people. Programs can come up with dramatic plots, write articles, compose music and paint pictures. Revolution 4.0 creates both robots and jobs for robots.

5. Homo Sapiens 2.0

A human being will change genetically.

Internal body organs will be printed on a 3D printer. We will be able to add and remove genes and anyone people can add a gene of longevity. And we even will be able to choose the color of the eyes of our unborn children.

6. Lack of Privacy

In the future, the world will be absolutely transparent and controlled. Governments and corporations will be controlling every step of any person from birth to death. Even more, we will always be under the supervision of cameras and artificial intelligence. “Big brother” is watching us and will have access not only to our Facebook chats and email correspondences but even to our thoughts.

China already has a rating system. They collect a lot of data on each person, including posts on social networks, the way s/he drives a car, with whom communicates, how pays taxes and loans, etc. The program automatically awards points. A high rating guarantees privileges and a low rating cuts even basic opportunities. For example, 3 million people in China (2018) were unable to buy a ticket for a train or a plane because of their low rating.

Final Thoughts

The world is changing dramatically, and we should be ready for this. Do you agree? Please leave a comment below and share your personal experience with others.

3.8 4 votes
Article Rating
Lou photo
Back in 2013, I founded Echo with the simple business idea: "Connect great tech companies around the globe with the brightest Ukrainian software engineers." We've employed hundreds of talents so far and keep going.
Lou photo
li-url Lou Reverchuk

IT Entrepreneur

Notify of
Newest Most Voted
Inline Feedbacks
View all comments
2 years ago

It is so important to be aware of these trends and the impacts they may have on the world in which we live. Our economy and society will experience changes as these trends continue. I have a particular fascination with the Internet of Things. Smart electronics and other IOT products will be revolutionary for our world. Are we prepared for it, and what do we need to do to adapt?

James Rock
James Rock
2 years ago

A very well written post and it is very important to know about these. As a computer science graduate, the Internet of things and robotization are what I liked the most.

Ready to hire a remote dev team? Let's talk