Many futurists abide by what is known as Amara’s Law: the fact that we overestimate technological advancements in the short-term but underestimate them in the long-term. [17] While the utopias are perhaps a whimsical fancy, AI and mass data are changing the way we do business across the globe. Today’s big economic class will need to invest heavily in new technological research in order to retain their pole positions, while disruptors will no doubt continue to carve out significant niches for themselves, streamlining out-of-date systems and revolutionising the everyday lives of consumers.
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[1] CNBC, [2] NYTimes, [3] The Verge, [4] Quartz, [5] TechCrunch, [6] PWC, [7] The Fintech Times, [8] The Economist, [9] The Economist, [10] The Economist, [11] NYTimes, [12] Nature, [13] The Economist, [14] The Guardian, [15] The Guardian, [16] SpaceX, [17] The Guardian