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1-Page Summary of The Industries of the Future

Overview

Online privacy is important, especially now that kids are online so much. To protect them and their data, it’s important to sit down with your children and talk about the potential risks associated with putting private information out there on the Internet, as well as teaching them how they can make wise decisions in the future.

In today’s digital age, we live in an information society, where technology has changed the way people think and act. Thanks to the Internet and other technological advances, data is everywhere. It can be used to create new industries or revolutionize old ones.

The industries of the future will create new jobs and opportunities for developing countries to transition smoothly into the information age. However, this also creates new challenges, such as how to use big data and create jobs for people displaced by technology.

In this article, you’ll learn why people in Kenya prefer to transfer money via text message; how cloud computing will make robots more popular than human labor; and how Estonia is called e-Estonia.

Big Idea #1: Advancements in robotics are beneficial, but they also eliminate jobs.

A lot of people’s first jobs were in restaurants and cafes. However, those jobs might not be available in the future because there will be robots that can do them better than humans.

Cloud computing has enabled robots to do the work of humans. Robots can now learn faster than ever before, which means that they are able to complete new tasks and will replace many jobs in the future. For example, Oxford University found that 47 percent of all US jobs are at great risk of being done by robots in the next two decades. This is because Uber’s research lab is building a fleet of automated taxis and Google X has been working on a driverless car for six years!

Should we replace humans with robots?

Robots are able to do more work than humans and at a lower cost. This is because robots don’t require salaries or vacations like people do. They can also work around the clock, unlike humans who need sleep and cannot be productive all the time. For example, SEDASYS (Sedation of Surgery with Deep Automated Sedation) is a robot that helps anesthesiologists monitor surgery patients by providing sedatives when needed. It allows one anesthesiologist to oversee ten surgeries instead of only one surgery at a time as before, saving money for hospitals in terms of salary and benefits costs per operation without sacrificing quality of care provided to patients during their operations.

Robots will produce a lot of value, but the distribution of that value won’t be equal. Therefore, governments need to do something about that.

In fact, most of the money saved by using robots will go to the companies that produce them. Therefore, it’s up to government to help redistribute some of that money into things like social-safety nets and education for workers who have been displaced by robots.

Big Idea #2: Advances in healthcare mean big changes across the globe.

In the early 2000s, a team of scientists sequenced all the information in human DNA for the first time. The project cost $2.7 billion and took several years to complete, but since then technological advances have made sequencing much cheaper and easier than before.

Genomics is important because it helps us understand our DNA and how diseases are caused. Cancer occurs when there’s a problem with the DNA, so by understanding that better we can prevent or treat cancer more effectively.

For example, a new blood test known as a liquid biopsy can detect cancer DNA in even the smallest samples of blood. This makes it possible to discover tumors that are 1 percent the size of those an MRI can find. Because this technology is so effective at finding small tumors, 47% of cancers will be diagnosed while they’re still stage 1. Ovarian cancers have a 95-percent cure rate when found at stage 1, but current technologies tend to find them later on, when 5% of patients survive.

The Industries of the Future Book Summary, by Alec Ross