Chris Skinner's blog

Shaping the future of finance

A world of change: what’s next?

Chris Skinner Author Avatar
by

For the past decade, I’ve written a lot about platforms, ecosystems, digital transformation and connected structures so, when someone asked me the other day what’s hot today, my answer narrowed down to AI, APIs, no-code and Quantum. Why? Because these areas are the most exciting today. But what's hot tomorrow?

I wrote a blog the other day about someone becoming a billionaire by running a company on their own from their bedroom. This is almost a reality. Yet it will only happen as technology develops to support such a vision so, what's the future (WTF)?

The future is poised to bring groundbreaking technologies that will transform industries, economies, and everyday life. Here are some of the hottest future technologies to watch:

Artificial Intelligence (AI) and Machine Learning (ML)

  • General AI: AI that exhibits human-like intelligence, going beyond task-specific AI.
  • AI-Driven Automation: AI will continue automating complex tasks across industries like healthcare, finance, and manufacturing.
  • Natural Language Processing (NLP): Advanced AI capable of more human-like communication (e.g., chatbots, voice assistants).

Quantum Computing

  • Exponential Speed: Quantum computers, using qubits, will solve complex problems exponentially faster than classical computers, revolutionizing fields like cryptography, drug discovery, and optimization.
  • Breakthrough in Encryption: Quantum cryptography will introduce ultra-secure communication systems.

Extended Reality (XR)

  • Virtual Reality (VR) and Augmented Reality (AR): Immersive experiences will redefine gaming, education, healthcare, and training simulations.
  • Mixed Reality (MR): Combines real and virtual worlds to enable new interaction modes, crucial for industries like design and architecture.

5G and 6G Networks

  • 5G: Will enable ultra-fast data transmission, improving IoT connectivity, smart cities, autonomous vehicles, and high-definition streaming.
  • 6G: Future wireless networks offering speeds 100 times faster than 5G, potentially creating even more sophisticated, interconnected systems.

Biotechnology and Genetic Engineering

  • CRISPR and Gene Editing: Advances in gene-editing technology will allow for more precise medical treatments, potentially curing genetic diseases and enhancing human capabilities.
  • Synthetic Biology: Designing new biological systems and organisms could revolutionize medicine, agriculture, and environmental conservation.

Blockchain and Decentralized Systems

  • Decentralized Finance (DeFi): Blockchain is already transforming finance, but future applications in decentralized governance, digital identity, and supply chain transparency will expand.
  • Web 3.0: A decentralized version of the internet that shifts power from corporations to users, leveraging blockchain technology for data ownership and content creation.

Autonomous Systems

  • Self-Driving Cars: Fully autonomous vehicles will reshape urban infrastructure, logistics, and personal transportation.
  • Autonomous Drones: Used for delivery services, agriculture, and surveillance.
  • Robotics: Advanced robots will work alongside humans in homes, hospitals, and industrial settings.

Space Exploration and Colonization

  • Private Space Travel: Companies like SpaceX and Blue Origin are driving commercial space tourism, which could expand to interplanetary colonization (e.g., Mars).
  • Space Mining: Harvesting resources from asteroids could create new economic opportunities.

Energy Storage and Generation

  • Nuclear Fusion: Considered the "holy grail" of energy, nuclear fusion offers a nearly limitless, clean energy source.
  • Solid-State Batteries: Promise to drastically improve the efficiency and lifespan of electric vehicles, smart devices, and renewable energy storage.
  • Hydrogen Economy: Hydrogen fuel cells may play a crucial role in replacing fossil fuels for industries like aviation, shipping, and energy generation.

Brain-Computer Interfaces (BCI)

  • Neural Implants: Devices like Elon Musk's Neuralink aim to enhance cognitive abilities, restore mobility for disabled individuals, and offer new forms of human-computer interaction.
  • Mind-Controlled Devices: BCIs could revolutionize prosthetics, gaming, and virtual reality experiences.

Internet of Things (IoT) and Smart Cities

  • Smart Infrastructure: IoT-enabled cities will improve energy efficiency, reduce traffic congestion, and enhance public services through interconnected sensors and systems.
  • Industrial IoT (IIoT): Automation and AI-powered machines will optimize factory and logistics operations.

Metaverse

  • Digital Realities: Blending physical and virtual worlds, the metaverse will impact social interaction, entertainment, and commerce through immersive digital environments.
  • Virtual Economies: Digital goods, property, and services will have real-world economic value, opening new avenues for digital business models.

Advanced Materials

  • Graphene: Super-strong, lightweight, and conductive materials like graphene could revolutionize industries such as electronics, energy storage, and construction.
  • Smart Materials: These materials change properties in response to environmental stimuli, leading to innovations in wearables, healthcare devices, and construction.

Synthetic Media and Deepfakes

  • AI-Generated Content: AI will increasingly be used to create synthetic media, ranging from photorealistic images to full videos, revolutionizing entertainment, marketing, and communication.
  • Deepfake Detection: As deepfake technology advances, new detection tools will be critical for preserving trust in media and information.

Regenerative Medicine

  • 3D Bioprinting: 3D printing of human tissues and organs could revolutionize transplants and personalized medicine.
  • Stem Cell Therapy: Advances in stem cell research could lead to breakthroughs in disease treatment and tissue regeneration.

These technologies – and, specifically AI, APIs, no-code and Quantum – are going to change the world we live in, touching nearly every aspect of human life and industry. Their development will raise important social, ethical, and regulatory questions, which will need to be addressed as they evolve and, at the end of the day, we may or may not think the world is a better place for them but, whatever we think, progress is unstoppable.

GridFutureCategories
Chris Skinner Author Avatar

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...

Intelligent Money: Our Future Is Where We Do Not Think About Money, As Our Money Thinks For Us

What is the future?

Learn more

Learn more about Chris

About Chris Skinner

The Past, Present And Future Of Banking, Finance And Technology

Fintech expert Chris Skinner: countries need digital transformation to remain competitive

Join me on Linkedin

Follow Me on X!

Hire Chris Skinner for dinners, workshops and more

Learn directly from from one of the most influential people in technology, gain insights from the world's most innovative companies, and build a global network.

Chris’s latest book

Order now

Chris Skinner’s ‘Intelligent Money’ Book Launch Event

The 10 Most Empowering Business Leaders to Watch in 2025

Top 50 Global Thought Leaders and Influencers on Finance 2024

Global Awards

Lifetime Achievement Award

Global 100 - 2024 Winner

Chris Skinner - Financial Markets Advisor of the Year - The Finanser - UK 2023

Best Financial Markets Advisor of the Year 2023

30 Best Regtech Blogs and Websites 2023

Kids creating the future bank | TEDxAthens

Captain Cake and the Candy Crew

Captain Cake Winner of a Golden Mom’s Choice Award

TWO-TIME WINNER OF A MOM’S CHOICE GOLD AWARD!

Alex at the Financial Services

Gaping Void's Hugh MacLeod worked with the Finanser