Imagine living in a city that tells your car how to avoid traffic. Imagine living in a house that does your grocery shopping for you. Imagine everything in our world was working together to save energy – and preserve our planet for future generations. You’re imagining our shared digital future. And it’s closer than you might think.
Faster future: eCommerce, AI and Blockchain
Many parts of this futuristic vision are already a reality. With just a single click, we can buy anything we want from eCommerce platforms that offer a huge range of products from around the world. These products are made in smart factories that use sensors and micro-cameras to optimize efficiency in real time. Advanced technologies like Artificial Intelligence and machine learning are solving problems and helping to make our lives more convenient. Blockchain technology is making our world faster and more transparent by simplifying interactions between digital processes. And 3D printing is being used to personalize everything from sneakers to car interiors.
5G technology will enable smart cities and smart homes
We’re already living in the age of digital transformation – and another major turning point is getting closer every day. The next generation of mobile internet, known as 5G, will connect almost everything and everyone on the planet at rapid speed. It will make it possible for traffic lights in smart cities to communicate with the cars on the road. These connected vehicles, powered by electricity instead of fossil fuels, will use self-driving technology to guide us safely to our smart homes. And these houses and apartments will already have done the cleaning, adjusted the thermostat and put together a list of possible recipes in time to welcome their owners home after work.
According to the forecast, e-commerce will reach a market volume of 2,368,216 million euros worldwide in 2023. The largest single segment is fashion. For comparison, this is roughly equivalent to France's 2018 GDP.
Between 60 and 85 percent of large companies worldwide have not yet achieved the desired results in digital transformation. Intelligent production processes often lack the ‘digital backbone’ of mature IT infrastructure, clouds, platforms, but also capabilities and talents.
Protecting privacy and mastering big data
If everything is connected to the internet, cyber security solutions will have to keep pace with the digital transformation so companies and individuals can be certain that their personal information stays safe. And it will be equally important to develop big data solutions with the power to make sense of the mountain of data generated by a fully connected world – by using advanced algorithms to make predictions and identify potential problems ahead of time.
Digital solutions for sustainability
Digitalization will find a way of mastering these challenges. In fact, cutting-edge tools and solutions could even provide answers to the biggest challenge facing our species – the urgent need to cut resource consumption and protect our planet for future generations. In factories, for example, data about how much water or energy is being used can be gathered and analyzed in real time to identify opportunities to cut waste and minimize emissions. This high-tech and sustainable vision of the future would’ve been unimaginable just a few years ago. But it’s now becoming reality. Soon, we won’t be able to imagine our lives before the digital revolution.