How Will Technology Affect Our Future – New York, NY, United States, Oct. 27, 2023 /EINPresswire.com/ – International client portfolio companies Baldur Gudgerson, whose international client portfolio includes Nestlé, Coca-Cola, Pepsi-Cola, Danone, Cadbury, Balls, Prince and many others, in their latest book, Tech Innovation: How It has been declared that technology innovation will shape our future.
Goodgerson, who has studied, designed, and implemented sales, marketing, and service systems in many of the world’s largest markets, writes in the book: “In the next decade, technology innovation will drive economic growth in countries, markets, and cities. Technology innovation is huge; it is limitless, reaching all markets, and affecting everything we do in our daily lives. Everything is constantly connected. An important aspect of this transformation process is not to forget that technological innovation is usually business-oriented. Business, market share, revenue, profit.”
- 1 How Will Technology Affect Our Future
- 2 The Impact Of Technology On Our Lives A Glimpse Into The Future
- 3 The Evolution Of Technology & Its Impact On The Development Of Social Businesses
How Will Technology Affect Our Future
Gudgeirsson identifies the most relevant technological innovations based on consumer demand and the potential for revenue and profitability in the coming decades.
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“Technology innovation” begins by looking at traditional technologies that have high, stable, and modest future revenues and profits. This category includes online shopping; VOD streaming; social networks; Sales of computers, laptops and smartphones; advertising on the web; and payment services. “Titan technology companies have built their businesses in this category — and they’re winning in this category,” Gudgirson writes.
The book “The Next Big Business” introduces “the world’s future economy over the next 40 years in terms of revenue and profit growth.”
One of the next big businesses is renewable energy produced by the safe nuclear fusion process. Large equipment such as airplanes, ships, and automobiles are sold “energy inclusive,” the life of the equipment. Energy can be priced consistently, easily and intelligently.
Another big business will be humanoid robots that can perform human-like tasks in an unregulated environment, at home or outside the home, through automatic operation and learning. There will be various specialized humanoid robots, and each household will purchase at least one.
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Another big business shaping the future is the metaverse and holograms, Guggerson writes, “The economic system of the virtual world, where everything is sold, will be bigger than the real world.
Finally, Gudgeirsson writes, the next level of technology cannot be advanced without high internet speeds, and businesses need superfast internet to create three-dimensional content and work with big data and AI algorithms.
Technology will improve life expectancy, he writes, “We are set for incredible advances in health, medicine, technology, science, and artificial intelligence. It will take us time to discover cancer, Alzheimer’s, Parkinson’s, and diabetes.”
Hodgson concludes by calling “technological innovation” radical technology. He writes, “Radical technologies are important world-changing technological innovations with enormous growth potential. However, they are largely limited to B2B sales due to the revenue- and profit-driven nature of business. The radical technologies he mentions include drones. Blockchain technology, smart devices, artificial intelligence, and cryptography.”
The Impact Of Technology On Our Lives A Glimpse Into The Future
According to Gudgeirsson, the most important technological innovations worth investing in will attract, create and fulfill consumer needs. At Logic Research, we know how technology can impact people’s financial lives. We designed the Logica Research Money study to help companies improve people’s financial lives. In our spring 2018 survey, Americans tell us they want technology to make their lives simpler and easier.
In our Future of Logic study of 1,000,000 US adults, we found that in five years, Americans expect technology to have the biggest impact not on how it works, but on how they spend money. invest
Compared to a year ago, Americans are paying more attention to the impact of technology on their spending and how their technology affects the way we make money. This is the second consecutive wave of surveys in which Americans say technology will have the biggest impact on how they manage money, up from 23% a year ago. Americans expect a change in how they spend their money. They tell us that this shift is due to the rise of Americans using digital payments (led by PayPal) and increased interest in cryptocurrencies.
This change is expected to bring digital change to how we pay and more innovation in payments.
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Most Americans expect to be doing what they are doing today in 5 or 10 years. 8% of Americans say they haven’t had a current job in 5 years. Americans (15%) believe they will be out of a job in about 10 years. While this is a relatively small percentage waiting for change, it could translate into millions of jobs.
The biggest, most immediate change in how we work is Americans’ participation in the larger economy. 40 percent of Americans in our survey report that they overeat
An additional job or project to your primary source of income. It can be a fun project to earn extra income for you, or a way to earn extra income outside of your main job. For example, your own business, driving for Uber, listing your home/property on AirBnB, or walking the dog.
Half (51%) of Americans who report having a part-time or full-time job say they struggle. Most Americans say they supplement their main job for financial reasons. Two of the best reasons are related to earning extra income. Using this freelance or contract work to pay off credit card debt is especially important to millennials, with over a quarter (28%) of them rushing to pay off their credit card debt.
The Evolution Of Technology & Its Impact On The Development Of Social Businesses
A fifth of Americans talk about their dreams (18%) or desire to use their free time to build something (16%).
In the Future of Money study, Americans continue to tell us they will switch from debit cards and cash to digital payment apps for personal payments. For online payments, digital payments with PayPal are at the forefront and expected to be the number one payment method within 5 years. The survey results also show that Americans think cryptocurrencies or new inventions are preferable to online payments using prepaid cards or payment apps like Google or Apple or Amazon.
Technology is changing other aspects of personal payments. When paying, Americans often point their cards toward the swipe, water, or back. We looked at contactless payments and found that this is relatively high for a technology that is not yet widespread in the US, with 44% of Americans saying contactless payment options are important, 29% prefer to use contactless, and 51% . Insert/Wipe, 20% have no preference.
Many Americans need help and tools to manage their money, and the technology is there. Millennials are especially interested in tools and support to help them reach their financial goals, manage their spending, make better savings and investment decisions, and see how they’re doing compared to their peers.
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“Americans want help reaching their financial goals, and they’re looking to technology to help them. The focus here is on helping people manage their money and build wealth through tools that connect savings and investing,” said CEO Leila Kosky. logic
Three-quarters of Americans (78%) report that they set aside money to save or invest, while a majority (43%) say they save and invest (27%) and only 8% invest.
PayPal is reinventing itself when it comes to savings. When asked where they would put the extra $500, 18% said they would put it in a PayPal account. For millennials, that number jumps to 27%. Americans think of PayPal as a place to save money. Americans have more in their PayPal accounts than in their wallets — $485 in their PayPal account and $196 in cash.
Many people report keeping money in a PayPal account because it’s easier to track their spending, or because they don’t have time to transfer it. Almost a fifth prefer to keep it in a bank account.
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When Americans have more than $5,000,000 to spend, they are more likely to invest it primarily in savings (46%) or an investment account (35%), with boomers more likely to invest in investment accounts (45%) and educated youth (45%). Generations about the benefits of investing.
When it comes to building wealth, Americans are willing to work for their money, but they need help making it work for them.
The future of money studies is designed for logic studies
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