Technology, A Glimpse Into the Past, Present and Exciting Future

Estimated reading time: 5 minutes

Over the past years, technology has progressed at an astonishing rate, reshaping the way we work and play in ways we could hardly imagine. From groundbreaking innovations to everyday conveniences, these advances have become an integral part of our daily lives. The relentless march of technology has unceremoniously pushed aside once familiar things we have come to accept as commonplace in our lives. When was the last time you saw a phone booth, a roll of film for your camera or an evening newspaper delivered to your door? 

Let’s look at just a few of the technological marvels that you can no longer do without.

  1. Rise of the Superphone: Our mobile devices have transcended mere communication tools, evolving into multi-functional hubs for photography, gaming, work, and social interaction, all in the palm of our hands.
  2. App Revolution: Apps have become our modern-day Swiss Army knives, revolutionizing how we shop, learn, relax, and stay organized, transforming our smartphones into versatile companions.
  3. Cloud Dominance: The era of hauling around physical storage devices is fading away, thanks to the convenience of cloud computing that lets us access our files and data from virtually anywhere.
  4. Virtual Assistants: Siri, Alexa, and Google Assistant have become household names, demonstrating how voice-powered AI is now at our beck and call to answer questions, manage tasks, and control our environments.
  5. The Smart Everything: From smart thermostats regulating our homes’ temperature to intelligent doorbells and fridges, the Internet of Things (IoT) has woven technology into the fabric of our lives in ways we couldn’t have fathomed. And it continues to advance at what feels like breakneck speed.
  6. Reality, Virtually: Virtual reality (VR) has enabled us to traverse new realms from our living rooms, while augmented reality (AR) has added layers of digital magic to our physical surroundings, transforming our entertainment and interactions.
  7. Hyper-Fast Internet: The introduction of 5G has ushered in lightning-fast internet speeds and low latency, opening the doors to real-time experiences and applications previously unimaginable.
  8. Digital Learning Leap: Online learning has shifted from being a complementary tool to a full-blown education alternative, enabling access to a vast array of courses and knowledge from the comfort of our screens.
  9. Wearable Wonders: Smartwatches, fitness trackers, and health monitors have outgrown their gadget status, making it easier than ever to keep tabs on our wellness and stay connected on the go.
  10. Social Media: Platforms like Facebook, Instagram, TikTok, and Twitter have transformed the way we express ourselves, connect with others, and consume information, creating a digital space for self-expression and exploration.

Just as a side note… That tiny telephone that you carry in your pocket is 100,000 times more powerful than the computer used to guide and land Apollo 11 on the moon. That was a short 50 years ago.

All this is just the beginning. Improvements to current technology are being made almost daily. At the same time theoretical processes are being explored and developed and as they come to reality will shape and change our future. 

Here are a few things that may or may not become reality, but you can rest assured they either will or lead to something else just as exciting.

  1. 5G and Beyond: The deployment and expansion of 5G networks were already underway in many regions by 2021. Over the next five years, further development in 5G infrastructure and research into even faster and more reliable wireless communication technologies is expected.
  2. Internet of Things (IoT) and Edge Computing: IoT devices are becoming increasingly prevalent, connecting various everyday objects to the Internet. In the coming years, advancements in edge computing are predicted to boost IoT’s capabilities, enabling faster data processing and reduced latency. The number of connected devices is expected to reach 27 billion by 2035.
  3. Quantum Computing: Quantum computing is on the horizon, promising exponential computational power compared to classical computers. Although still in its infancy, research, and development in this field could lead to significant breakthroughs over the next five years..
  4. Autonomous Vehicles: Self-driving cars and other autonomous vehicles are being actively researched and developed. Over the next five years, we will see further progress in this field, leading to more advanced and safer autonomous vehicles. Both Google and GM divisions have deployed self-driving cars on a trial basis in San Francisco. They have not been without their problems, but they will resolve their issues very soon.
  5. Renewable Energy and Energy Storage: With the global push towards sustainability, advances in renewable energy sources like solar and wind power are expected to continue. Additionally, innovations in energy storage technologies could lead to more efficient and reliable energy systems.
  6. Fusion Power: Fusion power, which mimics the energy-producing processes of the sun, holds the promise of clean, abundant, and virtually limitless energy. While still a challenging technology to develop, advancements in fusion research are ongoing.
  7. Robotics and Automation: Robotics and automation were expected to revolutionize industries like manufacturing, healthcare, and logistics. Advancements in artificial intelligence and robotics could lead to more sophisticated and versatile robots.

The list goes on and on and includes things like Space-Based Solar Power, Brain-Computer Interfaces, and even Smart Contact Lenses. The reality is that “Time Marches On” and nothing remains the same forever. Changes from our existing way of life to new and advanced technology occur almost seamlessly. We hardly notice the changes and accept them as the new normal. When was the last time you reached for the yellow pages, printed a map for directions, received canceled checks back in your bank statement, or bought a new watch for any reason other than fashion?

Conclusion:

The technology landscape over the last five years has been nothing short of transformative. With smartphones as our modern-day sidekicks, AI-powered virtual assistants, and the immersive worlds of VR and AR, our daily lives have been forever altered. Simultaneously, traditional relics like maps and payphones have gracefully exited the stage, making room for these trailblazing tech wonders. As we stand at the cusp of an even more interconnected future, it’s fascinating to witness how these innovations continue to weave themselves into the fabric of our lives, forever changing the way we live, work, and connect.

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Bob Dearing, CFE

Bob Dearing is a Certified Franchise Executive with over 30 years of management experience. He is a highly skilled executive that delivers informed management assessments while providing practical P&L financial analysis. Bob is an invaluable asset to many organizations. Bob can be reached at bdearing3@gmail.com

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4 Responses

  1. Corry Marett says:

    Nice read Bob

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