Technology

A Brighter Future: How Disruptive Technologies may Change our Lives

A Brighter Future: How Disruptive Technologies may Change our Lives

Technology

At SFG, we are as excited as ever for what the future holds for consumers, and we often reflect on how the current decade (2010-2019) has prepared us to propel into the next. We have seen technologies such as the smartphone completely transform social and consumer landscapes, and innovation remains at the forefront of the minds of most industries. We have seen incredible strides in robotics, energy efficiencies, and rocket technology, just to name a few. Data procurement techniques push useful data collection to levels never seen before. The energy industry is changing rapidly with many innovations existing outside the solar and wind spaces. All of these factors give us reason to believe this coming decade will be nothing less than a spectacle to watch unfold.

Because the focus of this decade has been on the collection of data, we believe the ’20s will rely on the implementation of it. We expect to see the rise of self-driving vehicles utilize this data and, as a result, provide a safer and more efficient driving landscape for all. The advent of autonomous ride-sharing has the potential to transform the transportation industry by providing consumers with low-cost transportation, considering the second-most-expensive purchase consumers make is a vehicle. Imagine a world in which you schedule an autonomous vehicle to pick you up every morning at 8:00 AM to take you to work. This vehicle then travels to other homes throughout the day, transporting consumers everywhere they go. The cost of transportation in this scenario would be a fraction of what it is today, and would also eliminate numerous inefficiencies. Imagine never filling up your gas tank! No going out of your way to a gas station — the car fills itself up. Better yet, imagine not purchasing car insurance! This landscape needs time to develop and may not be realized within the next decade, but is nonetheless exhilarating to think about.

Artificial Intelligence (AI) has been fueling innovation. We recently came across a viral video of Boston Dynamics — a robotics company — showcasing their robot jumping on top of poorly balanced boxes, doing a backflip off of them, and landing on its feet. As spectacular as it was to watch, the true value of the robot is its versatile capabilities. The robotics industry has a long way to go in terms of automation and capability, but is making incredible strides to create cost efficiencies, which often benefit consumers. AI is also helping consumers discover new enthusiasm for shopping. FashionAI allows consumers to engage in an interactive shopping experience, where a customer can walk into a fitting room, try on various outfits, and the AI will pair it with other products that coordinate. This software — designed by Alibaba — will soon have the capability to utilize Augmented Reality (AR) to superimpose the suggested items onto the customer, as if they were trying everything on together. This service could revolutionize today’s shopping experience, and may also change online shopping by providing this service in-home through cloud computing and web cameras.

Imagine a world in which the checkout counter didn’t exist — time spent in stores would be dramatically impacted by this innovation, and it isn’t just an idea anymore. In 2017, Amazon Go was launched in Seattle. It is a seemingly traditional grocery store; however, it has millions of micro sensors throughout the store to track which items you purchase. It even knows when you return an item back onto the shelf. There are no cashiers or registers — only an array of gates located at entry and exit points. Once you walk through the gate, it bills your Amazon account, and that’s it; no checkout line necessary.

Each of these events is on the list of market disruptors — anything that might transform an industry — that we monitor at SFG. If you would like to learn more about how we track these disruptors, please contact us at any time.

 

Important Disclosure Information: The information contained within this blog is for informational purposes only and is not intended to provide specific advice or recommendations. Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Schultz Financial Group Incorporated), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Schultz Financial Group Incorporated. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Schultz Financial Group Incorporated is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Schultz Financial Group Incorporated’s current written disclosure statement discussing our advisory services and fees is available for review upon request. Please Note: Schultz Financial Group Incorporated does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Schultz Financial Group Incorporated’s web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Where you want to go in life is up to you. How to help you get there is up to us.

Contact us today to start your journey…

Contact

Schultz Financial Group Inc.
10765 Double R Blvd. Suite 200
Reno, NV 89521
Phone: (775) 850-5620
Fax: (775) 850-5639
Email: info@sfginc.com

Where you want to go in life is up to you. How to help you get there is up to us.

Contact us today to start your journey…

Contact

Schultz Financial Group Inc.
10765 Double R Blvd. Suite 200
Reno, NV 89521
Phone: (775) 850-5620
Fax: (775) 850-5639
Email: info@sfginc.com

Design by Jason Design Studio | Design by Refresh Design Services | Copyright © 2018 Schultz Financial Group Inc.

Design by Jason Design Studio
Design by Refresh Design Services
Copyright © 2018 Schultz Financial Group Inc.

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