Future predictions are always fun and often woefully wrong. Even so here is one that’s rather entertaining or ominous or entertainingly ominous depending on your mood:
Gartner, Inc. has revealed its top predictions for IT organizations and IT users for 2014 and beyond. Gartner’s top predictions for 2014 combine several disruptive topics Digital Industrial Revolution, Digital Business, Smart Machines and the Internet of Things that are set to have an impact well beyond just the IT function.
This is the gem:
By 2020, the labor reduction effect of digitization will cause social unrest and a quest for new economic models in several mature economies. Near Term Flag: A larger scale version of an “Occupy Wall Street”-type movement will begin by the end of 2014, indicating that social unrest will start to foster political debate.
Digitization is reducing labor content of services and products in an unprecedented way, thus fundamentally changing the way remuneration is allocated across labor and capital. Long term, this makes it impossible for increasingly large groups to participate in the traditional economic system — even at lower prices — leading them to look for alternatives such as a bartering-based (sub)society, urging a return to protectionism or resurrecting initiatives like Occupy Wall Street, but on a much larger scale. Mature economies will suffer most as they don’t have the population growth to increase autonomous demand nor powerful enough labor unions or political parties to (re-)allocate gains in what continues to be a global economy.