3 Industries That Will Soon Be Revolutionised by Technology
The 21st century is one in which we have witnessed the revolution of different industries by technology. From transportation to travel and housing, technology has radically transformed many industries.
The fear of robots coming for your jobs is definitely justified. However, within every adversity lies an opportunity. To grasp this opportunity, it is key for one to understand when and how technology is going to impact their industry.
Thus, we have come up with a list of 3 industries that will soon be revolutionized by technology.
We’ve all experienced it before – days when we feel so ill that we can’t even muster the strength to roll out of our bed. However, we have to see a doctor, so we head to the nearest clinic and sit lethargically on plastic chairs until our turn comes. Well, these might all change very soon!
Technology is about to redefine the experience of how we can gain access to doctors. The emergence of mobile applications like Speedoc provides 24/7 on-demand house call general practitioner (GP) services to a location of their choice. The home medical services need not be limited to only immobile patients, but to everyday people who may require GP or A&E visits for themselves or their loved ones.
Healthcare is only starting on its digital journey. How ambulance services are being accessed is also being revolutionized. Speedoc also allows patients to simply tap an app for on-demand private ambulance services in non-emergency cases, much like how one would call a private-hire car. This greatly enhances the accessibility of private ambulance services and reduces the waiting time significantly.
For the longest time, relocation has been one of the biggest pain points a person could potentially face. Most HR managers and expats would attest that planning for it is no less stressful than planning for a wedding. This can be attributed to the lack of open communication and transparency within the industry.
However, relocation platforms like Moovaz are adopting a tech-driven approach to address these issues. Through the introduction of an all-in-one digital platform, it provides increased visibility into the entire relocation process, allowing its users to track their items easily. The innovation of smart technology has also removed the traditional and tedious phone calls and emails that used to be part of the communication process.
Machine intelligence is also used to formulate optimal costing and packages based on move requirements. This cost optimization technology removes the guesswork out of the equation, providing the users with a fair and guaranteed quote. This brings about an unprecedented level of transparency in the industry.
Given these disruptions, it is likely that we are on the edge of witnessing another tech-driven revolution of an old and stagnant industry.
With global spending expected to grow to $7.3 billion per year by 2022, the retail industry is one of the largest around. It is also one that is expected to be the most impacted by technology.
For example, as A.I. bots develop, consumers will be able to outsource the type of shopping which doesn’t excite them. Shoppers will no longer have to dedicate their time to repetitive purchases such as toilet paper, milk, or washing powder. Instead, bots will be carrying out the transactional buying for them.
However, the new challenge of bot buying and automation shouldn’t scare retailers who are determined to succeed. The landscape of shopping may change, but as always, retailers who work hard to adapt and listen carefully to their customers need not worry.
Many big-name retailers have successfully adopted a more tech-driven approach—out of both necessity and a desire to stay ahead of the competition. Companies are adopting augmented and virtual reality functionality as an advertising means. The use of immersive product catalog visualization also enhances the shoppers’ experience, allowing them to experience a product before buying. Rather than making retail obsolete, it is safer to say technology has transformed the retail industry.
While many industries and jobs will be replaced by technological advancement, it remains to be seen whether there will be new careers created that can be filled by those who lose their jobs. The problem today is that many of the jobs being replaced by technology are not inherently technological—and therefore those workers may not have the advanced and technical skills needed. It will be those individuals who can interact with technology who are likely to succeed – those with computer programming skills will be more richly rewarded than those who can only accomplish physical labor.