Remember Kodak company?
In 1997, Kodak had about 160,000 employees.
And about 85% of the world's photography was done with Kodak cameras. With the rise of mobile cameras in the last few years, Kodak camera company has been out of the market. Kodak even went completely bankrupt and all its employees were fired.
At the same time many other famous companies had to shut down. Like
HMT (watch)
BAJAJ (scooter)
DYANORA (TV)
MURPHY (radio)
NOKIA (mobile)
RAJDOOT (bike)
AMBASSADOR (car)
None of the above companies had bad quality. Still why did these companies go out? Because they could not change themselves with time.
Standing in the present moment you may not even think how much the world can change in the next 10 years! And 70%-90% of today's jobs will be completely gone in the next 10 years. We are slowly entering the era of "Fourth Industrial Revolution".
Look at today's famous companies-
UBER is just the name of a software. No, they don't have their own cars. Yet today the world's largest taxi-fare company is UBER.
Airbnb is the world's largest hotel company today. But the funny thing is that they don't have a single hotel in the world.
Similarly, examples of countless companies like Paytm, Ola Cab, Oyo rooms etc. can be given.
Today there is no work for new lawyers in America, because a legal software called IBM Watson can advocate much better than any new lawyer. Thus in the next 10 years, about 90% of Americans will have no job. The remaining 10% will be saved. These 10% will be specialists.
New doctors are also waiting to go to work. Watson software can detect cancer and other diseases with 4 times more accuracy than humans. By 2030, computer intelligence will surpass human intelligence.
In the next 20 years, 90% of today's cars will not be seen on the roads. The remaining cars will either run on electricity or will be hybrid cars. The roads will gradually become empty. Gasoline consumption will decrease and oil-producing Arab countries will slowly go bankrupt.
If you want a car, you have to ask for a car from a software like Uber. And as soon as you ask for a car, a completely driverless car will come and stand in front of your door. If you travel with several people in the same car, the fare per person will be less than a bike.
Driving without a driver will reduce the number of accidents by 99%. And that is why car insurance will stop and car insurance companies will also be out.
There will no longer be such things as driving on Earth. When 90% of vehicles disappear from the road, there will be no need for traffic police and parking staff.
Just think, even 10 years ago there used to be STD booths in the streets and mohallas. After the mobile revolution in the country, all these STD booths were forced to close. The ones that survived became mobile recharge shops. Then came the online revolution in mobile recharge. People started recharging their mobiles online while sitting at home. Then these recharge shops had to change. Now these are just shops for buying, selling and repairing mobile phones. But this too will change very soon. The sale of mobile phones is increasing directly from Amazon, Flipkart.
The definition of money is also changing. There used to be cash but in today's era it has become "plastic money". The era of credit cards and debit cards was a thing of the past. Now that too is changing and the era of mobile wallets is coming. The growing market of Paytm, one click of mobile money.
