14 Growing Industries of the Future 2021

14 growing industries of the future  in the past few years, the leaps being  made in our entire global economic  system  are quicker and larger than ever not  many economists or  tech experts can answer with confidence  how they envision the economy  20 years from today  as new technologies are prevailing new  horizons are being tapped  and new industries are being shaped that  we never thought of  until recently being able to forecast  these changes will be the most critical  factor  in your decision to pursue a certain  career or  invest in one industry or the other  that's why we thought we should imagine  together which way the ship is sailing  so here are 14 growing industries of the  future  number one internet of things in the  past the internet was the thing that  most of us used only when we were on our  computers then some years ago it began  making it to our mobile phones than our video game consoles and today

  we're heading in a path where we won't  need to say  I'm on the internet any longer i did not  see that coming  almost everything we use both indoors  and outdoors will be on the internet  from our fridges and washing machines to  our power supply and home security  systems  that's why knowledge of networks data  communication and software will be  skills that are needed in pretty much  every single industry out there  manufacturing construction and service  industries will be on a constant search  for new  internet-based mechanisms to incorporate  into their product in order to gain an  edge in the market  the tech geeks will become the ones  helping operate our entire environment  the internet of things will actually  include almost all of the things  internet so helpful number two  artificial intelligence  google studies our behavior facebook  learns the preferences  we ask Siri to find us near places to  eat and  we let amazon guide us through the vast  aisles of the digital market  ever since the machines began acquiring  knowledge of their own, they have taken huge leaps towards  developing a real humanly  consciousness today we're on the verge  of an era where we will move around in  self-driving cars  work alongside robots and read books or  listen to music that was created by a  machine some of us are actually doing  some of these things  already Alexa can you pour me a cup of  water  watch watch what  the field of artificial intelligence in  the coming decades will become  one of the most vibrant arenas  for endless experimentation also  as everything becomes connected thanks  to the internet of things  more and more data related our behavior  will be collected  and the machines will have infinitely  more material to learn from  don't forget that artificial  intelligence is not only a field  that is exclusive to the computer  scientists  we're talking about creating brains like  ours and  potentially ones that will even be way  more powerful than ours

  they will live with talk to and affect  us  that makes the field as much a field of  interest for computer scientists as it  is for psychologists  philosophers politicians and managers  there will be people to create it  others to observe it and ones to decide  how we will live with it  number three cybersecurity we've  already talked about two industries that  will make our entire existence  more and more dependent on computer  systems with that we'll come more  vulnerability to cyberattacks  hackers are already able to access bank  accounts  steal classified state information  freeze entire companies  completely and get their hands on our  personal information without proper  cyber security systems though  they will soon have potential access to  everything connected to the internet  which will be almost everything around  us from our houses to our cars to the  medical equipment at hospitals that's  why the cybersecurity industry is our  only hope  for any real security in the future and  so it will grow  all the more important as more things in  our daily lives get connected  this industry is our main safeguard  against humanity's future dreams  turning into real nightmares  number four genomics 15 years ago  exactly in 2003 the u.s founded  human genome project which had begun in  1990  was finally capable of sequencing and  mapping the human genetic code  this project cost three billion dollars  if things had stayed at that cost  the industry wouldn't carry much hope  since not many people would have been  willing to enter into something that  expensive  but today sequencing a genome can cost  just around a thousand dollars  today the field of genomics is at its  highest level of vigor with players like  bill gates and google jumping on its  bandwagon with  billions of dollars in investments with  the research being more facilitated  genomics is expanded to completely  transform our understanding of the human  body's components  and our ability to cure and nurture it  our safeguard against cancer diabetes  and even our hope to quickly adapt our  bodies to the sky-high  rates of change in our environments in  the decades to come  all lie in genomics  that's an industry that is expected to  become worth more than 20 billion  in 2022. 

That's only one year from now  number five drones drone technology is  now becoming more and more affordable in  the same way we just mentioned with  genomics  in the near past there were times when  drones were only a novelty items that most  of us only associated with war and bomb-dropping  the missile was just a precaution today  drones are already becoming central to  everyday non-military tasks  like photography journalism and like  amazon's use of them for delivery  the future is all for drones though and  they will become used in everything from  agriculture to delivering emergency aid  for victims of heart attacks  as they keep on gaining some  intelligence of their own as they  already are  it won't be long before law enforcement  agencies start using them for patrol  and let these flying hawks identify the  bad guys, there's literally no limit to the  potential drone applications  number six robotics for several years  now  more and more warehouses and  manufacturing plants have been including  robots  in their workforce now we have Sophia  the Saudi Arabian humanoid that was the first robot to acquire a national  citizenship  and there are robots that are  entertaining the seniors in retirement  homes in japan  very soon we'll be having robots as our friend's co-workers and  in-house assistants blood on my mat  handle it  that's why we now have a robot  relationship researchers to decide  what set of rules will shape our  interactions with robots  some people might be afraid that robots  will one day take over our jobs  but if you're a person working in the  vast field of robotics  that's not a fear that you should share  number seven virtual reality being able  to simulate certain situations and  environments without the costs and risks  of the same experience in real-life open up a gold mine of potential  applications that we could or could not  imagine at the moment  the technology of VR is already being  used by  military forces to train their soldiers  people who are taking driver's license  tests  as well as in video games companies are  also using VR to train their employees  like Exxon mobile  who use the technology to train its  engineers and field workers on fuel  production processes  and that's only the tip of a massive  iceberg  number eight nanotechnology there are  countless ways in which we  as a species have our hopes hanging on  advancements in the fields of  nanotechnology  today there's extensive research field with applications ranging from  medicine to agriculture  the possibilities are being studied  regarding how we can use nanotechnology  to speed up bone cell growth  the detection of cancer cells creating  self-cleaning surfaces  and implementing healthier and more  efficient irrigation methods  all of that potential says that the  future of nanotechnology  is only pointed in one direction endless  advancements  where'd that come from its nanotech you  like it numbers nine renewable energy for several  years a growing number of people are  getting into an  ever-inflating state of existential  panic because of the climate change that  is taking place as a result  of our two centuries-long use of fossil  fuels  as our primary source of energy with  more people coming to realize the  magnitude of the global warming threat  governments companies and private  individuals are taking steps towards  depending on renewable sources of energy  like solar and wind the internet of things boom is set to further help these plans materialize by facilitating private power supply networks according to some estimates renewable energy is expected to fulfill almost  100 of the power supply needed to run the world's economy by 2050.  

Number 10 sharing economy we're moving  towards a world  where we will barely own stuff anymore  we're coming to realize that  it's often cheaper and more efficient to  rent whatever we can give up on owning  uh we're here to serve you with a  court-ordered eviction okay  we've been increasingly doing it with  car rides as more people are using  sharing services like uber  and the same with real estate renting  services like Airbnb  today more services are joining that new  sharing model with apps being built on  rental services for household equipment  office spaces and even leisure boats  thanks to smartphones  more people are connected and thus  gaining access to these services on both  the provider and consumer sides  number 11 e-learning as we shift towards  a future  more dependent on innovation than on  formal college certificates  and where the value of your knowledge is  based on what you can create  and not what degrees you hold and  finally facilitated by all the  technologies we just mentioned  e-learning is definitely the future of  education  with more people on the internet than  ever before and with VR technology and  artificial intelligence applications  expanding into our daily lives  creating more engaging customizable and  effective learning experiences  will make e-learning the primary means  of education in the not very far  future number 12  big data you probably noticed that  almost every industry we mentioned  is dependent on data in one way or  another  data is what artificial intelligence  systems learn from  and increasing the efficiency of our  economic decisions  will be in the first place a matter of  good data  whoever is able to acquire data and has  the proper methods for analyzing it  will be a central player in the future  economy data scientists are right now  becoming essential players in  every arena from marketing to healthcare  to politics  number 13 3d printing 3d printing  technologies now include all kinds of  material  enabling individuals to home manufacture  their own spare parts and stationery items  and at the same time giving companies  new alternatives for construction and  car manufacturing  this technology is giving us bright  visions of a future where manufacturing  is democratized will it be the end of  mass production  possibly but that's a bit far-fetched  and extra optimistic  what we know is that 3d printing will  transform our manufacturing capabilities  and costs  and will make us as individuals able to  create our own products in our very own  homes  it will also cut a large portion of  companies construction and manufacturing  costs  all we can be sure of is that 3d  printing is the tool  of our new industrial era  number 14 blockchain technology with the  bitcoin frenzy that has taken over the  world's financial markets in the past  couple of years  we came to frequently hear the term  blockchain  it's the decentralized public ledger  the mechanism at the heart of  crypto currencies but  cryptocurrencies are far from its only applicable if there is one technology that has the  potential to create the decentralized  comprehensive ecosystem that will  facilitate all of these other industries  we mentioned in a more secure and  efficient way  it is definitely blockchain-based on  With this technology  there are companies being launched that  want to put our finances research  identity management and even voting  processes on the blockchain  it's basically the new the face of the  internet and innovations in this  technology will become among the most  valuable contributions anyone can make  to the future economy