Future technology trends: How converging technologies are transforming business, industries, and our lives

Happy weekend to you all. We’ve been writing articles on this blog since May 2016 and later relaunched in November of 2017. Since then, we’ve written over 6,000 articles. However, for whatever reasons, we’ve not written any story about Peter Diamandis, the world-renown futurist, a space-entrepreneur-turned-innovation-pioneer, and the co-founder of the Singular University.

Diamandis is an engineer, physician, and entrepreneur best known for being the founder and chairman of the X Prize Foundation. Peter has written several books and he’s the co-author of The New York Times bestsellers Abundance: The Future Is Better Than You Think and BOLD: How to Go Big, Create Wealth, and Impact the World.

In the summer of 2019, Diamandis shared some of the future trends that are shaping our lives as part of his keynote address delivered at the 2019 Singular University Global Summit. Diamandis also discussed how we live in a world of abundance and how future trends can bring prosperity to those that prepare to utilize these resources and turning them into new ventures that will meet the needs of the future community.

As part of the 2019 Summit, Diamandis also discussed a wide range of technologies ranging from AI, autonomous cars, drones, augmented reality to robotics. He went on to examine basic human needs, for example, water, food, energy, healthcare, education, communication, and freedom and addressed how a range of powerful technologies such as synthetic biology, embedded networks and cloud computing, AI and robotics, and biotechnology and medicine are transforming what was once scarce into something abundant.

Diamandis also went on to explain how the rapid growth of key exponential technologies (nanotechnology, info technology, biotech) are empowering individuals and small companies including startups to do what only governments were able to achieve only a few decades ago. Diamandis’ ultimate message is that companies cannot remain stagnant. They must evolve or they will die.

Then, later in January 2020 as part of his Exponential Technology Series, he co-authored another book titled, “The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives.” The book encapsulates the key takeaways from his 2019 keynote address.

The book is a blueprint for how our world will change in response to the next ten years of rapid technological disruption. Even though the book was published more than a year ago, the insights and the technologies discussed in the book are still relevant today.

In the book, Diamandis and co-author Steven Kotler discussed how technology is accelerating far more quickly than anyone could have imagined. The duo also probes the science of technological convergence and how it will reinvent every part of our lives—transportation, retail, advertising, education, health, entertainment, food, and finance—taking humanity into uncharted territories and reimagining the world as we know it.

Here is a quick summary of how the authors describe their book:

“During the next decade, we will experience more upheaval and create more wealth than we have in the past hundred years. In this gripping and insightful roadmap to our near future, Diamandis and Kotler investigate how wave after wave of exponentially accelerating technologies will impact both our daily lives and society as a whole. What happens as AI, robotics, virtual reality, digital biology, and sensors crash into 3D printing, blockchain, and global gigabit networks? How will these convergences transform today’s legacy industries? What will happen to the way we raise our kids, govern our nations, and care for our planet?

Below are two videos of Diamandis’ keynote address delivered at Singular University Global Summit 2019 on Future Trends. Enjoy!

Part 2