Assignment:
A driving force is a trend or factor, operating in the world today, which will influence the way the future evolves over the next 5-15 years.
1) Identify a Predetermined Element: Something that, based on your reading and thinking, is certain to happen in a predictable way (or at least you would be willing to argue that it is). 1-2 paragraphs.
2) Identify a Critical Uncertainty: Some trend or chain of events whose outcome is uncertain, but no matter what happens, it will be highly significant to the future we care about. 1-2 paragraphs.
Predetermined Elements -
Mobile Technology & Communications continues to pervade its way into the every day lives of consumers all over the world. From the poorest backwoods to the most developed nations, its clear that the future of interpersonal communications, information distribution and financial transaction execution will occur through trusted & personalized devices that will be wearable (with the definition of “wearable” covering the breadth of fitting into the palm of one’s hand down to integrated within clothing or within the physical person) and will be popularly utilized for their perceived ease of use. Many countries all over the world already boast 100% adoption of mobile technology, meaning that everyone in the country (no age group determined) has at least one mobile device in their possession, or that there are at least as many mobile devices sold and utilized as there are individuals in the country.
Asian and Skandinavian countries countries utilize their mobile devices in ways the rest of the world still only imagine. Swiping their phones to pay for taxis or mass transportation, their phones are like an extension of their wallets. Personalizing their phones with skins, ring tones, popular songs as their outgoing voicemail messages: the phone is increasing an extension of one’s self. Many people today, express feeling “naked” or “lost” without their phones. Indeed, because the phone contains valuable information such as names and numbers of friends and family, an user can truly be helpless without their Personal device.
Over the course of the next 5 years, the US will adopt and extend into the practices already established by its peer countries in Asia and Skandinavia. Banks and Financial Institutions will increasing explore building utilities that leverage mobile devices. Insurance companies will create policies to further insure the individual against identity theft, thus making the consumer even more comfortable relying on the small re-chargeable device as his her identity card and wallet. GPS, Bluetooth and Camera Sensor technology will further develop to supplement authentication methodologies confirming that the appropriate person is the holder of their rightful property (and thus are allowed to distribute information, execute financial transactions and communicate with others) without fear of criminal behavior and usage. Person to person payment applications will gain traction in our country to allow two individuals to stand in front of each other and exchange financial values at the press of a few buttons. Pre-existing and traditional models of currency and financial transactions will diminish (cash and checks) or be supplemented by image and web-based technology.
Critical Uncertainties –
Just as technology for interpersonal communications becomes more and more sophisticated, so will the drive to game, defraud, and attack this system. Hackers will attempt to dismantle the systems in whatever way possible. Their methodologies will be impossible to anticipate. New security technology claimed as impervious to penetration will continue to be deconstructed by hackers, even younger and more sophisticated by the year. Victims will have their entire lives and identities taken from them at the pressing of buttons (and in the blink of an eye). How to prevent this all from occurring is virtually impossible. Determining how a criminal will find out the weak links in the chain will for the most part only occur after they’ve accomplished their goals. As we strengthen some links in the chain, we run the risk of weakening others. High profile victims of fraud, identity theft and violation will challenge the average consumer’s confidence in the system.
In this future scenario, the concept of value could dramatically alter. Sophisticated technology will bring greater transparency to the system and thus challenge an individual’s assumption of value (once it’s easy to learn how to make or do something one-self) especially as it relates to the service based economy. Prices for commodities may decrease as a result, striking at the heart of revenue models and assumptions based on those models. As it becomes cheaper and easier to produce, it becomes easier to dispose, and as it becomes easier to dispose it becomes harder to conserve. The environment will suffer. Disposed commodities will take up valuable space on land and at sea. The extent of the damage will only be known and acknowledged AFTER it has occurred.
If value diminishes it could alter how individuals execute upon their desires. If things lose value, individuals could relinquish their preoccupation with assets or strive to accumulate even more. Humans could become more isolated or less so. Interdependence could cease to exist or flourish wildly.
If the new sophisticated systems should fail as quickly as we adopt them how will we react?