A Focus on Disruptive Innovations
ARK is an investment management firm that focuses on disruptive innovations. These are some of their thoughts on the future of Industry 4.0 technologies. The three main technology disruptions that ARK is focused on are A.I., electric vehicles, and automation. A.I. is a large umbrella, and under that umbrella ARK discusses the future of Deep Learning, Big Data, and Virtual/Augmented Reality.
Deep learning consists of things like Conversational computers, self-driving cars, and consumer apps like TikTok and Snapchat. Electric Vehicles are quickly becoming mainstream and cost nearly the same as gas-powered cars. ARK expects EV sales to scale from 2.2 million to 40 million by 2025. Automation in the workplace will continue to rapidly increase. From this automation, ARK expects certain outcomes including higher wages, lower prices, higher margins, and higher investments. Automation could add 1.2 trillion to the US GDP over the next 5 years. Other technologies discussed in this article include 3D printing, digital wallets, and drones.
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