Ray’s Biggest 2020 Predictions (Part Two)
Artificial intelligence (AI) is everywhere — your car, your fridge… even your house!
You’ve seen the ads on TV — smart this, smart that, voice-remote this, voice-activated that… everything has artificial intelligence (AI) in modern times.
The next decade will feature even more advanced tech.
AI’s growth is undeniable, but just how important will AI be to our future?
The Industrial Revolution of the 21st Century
It’s just a fact of life that suppression of technology destroys jobs.
In fact, a greater threat to employment in the world is Luddites. People who imagine that the new technologies will only wreak havoc on employment.
I believe that technology will disrupt employment but also release unlimited new possibilities.
AI is the new industrial revolution of our generation.
In the 19th century, everybody left the farms and entered the cities and the factories. It was a complete transformation.
Most of the Luddite propositions of the time were introduced with the same kind of confidence that people bring to bear today on artificial intelligence.
These oppositions were completely disproven then, too.
The more investment in machines during the Industrial Revolution, the more jobs emerged — along with better pay, greater longevity and more possibilities.
And AI systems will continue to proliferate and will need massive amounts of new semiconductors to operate.
As such the best way to broaden your exposure is with minimal risk is the iShares PHLX Semiconductor ETF. It’s an ETF that should benefit from our next big trend for 2020 as well.
Augmented Reality > Virtual Reality
It seems as though 2018 and 2019 ushered in a virtual reality (VR) craze. Maybe you’ve seen the videos and ads of people stumbling or falling over while wearing VR headsets.
But contrary to common belief, it’s augmented reality (AR) that will take the cake in 2020.
Why? Consider the facts:
- Augmented reality is established and proven
- According to Digit, about 70% of the adult population own a smart device and most have some type of AR software built in
- Perfect Corp., an app that’s been downloaded over 700 million times, gives users augmented selfies, allowing users to apply different makeup looks using AI-based augmented reality.
Those are just a few examples of how big the market for AR can be in the next few years. And current estimates predict the market will more than double by 2025.
So who will walk away the heavyweight in the augmented reality ring?
One of the big beneficiaries will be Apple. Unlike Google, another leading company fighting for AR supremcy… Apple (NASDAQ: AAPL) has the aesthetic design to make AR work.
You see AR works best with wearables. The Google glass debacle proves your average consumer still cares what they look like.
Apple on the other hand has mastered melding tech with style and its wearables sell like hot-cakes.
We’ll hear a lot of cool news out of the AR space from a number of companies, but in 2020 Apple is one of the best ways to claim your stake in this growing subsector.
Next stop… 2020 tech riches!
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily