Thread by @HAHayatu

In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt. Who would have thought of that ever happening?

What happened to Kodak and Polaroid will happen in a lot of industries in the next 5-10 years and most people don't see it coming.

Did you think in 1998 that 3 years later, you would never take pictures on film again? With today’s smart phones,who even has a camera now

It will now happen again (but much faster) with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs.

Forget the book, “Future Shock”, welcome to the 4th Industrial Revolution.

Software has disrupted and will continue to disrupt most traditional industries in the next 5-10 years.

UBER is just a software tool, they don't own any cars, and are now the biggest taxi company in the world! Ask any taxi driver if they saw that coming.

Airbnb is now the biggest hotel company in the world, although they don't own any properties. Ask Hilton Hotels if they saw that coming.

Artificial Intelligence Computers become exponentially better in understanding the world.

Most traditional car companies will doubtless become bankrupt. They will try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels.

Look at what Volvo is doing right now; no more internal combustion engines in their vehicles starting this year with the 2019 models, using all electric or hybrid only, with the intent of phasing out hybrid models.

WELCOME TO TOMORROW

#copied