‘How tech will change the future of our lives’

Dell Technologies has released their view on how our lives will change by 2030 through the implementation of emerging tech, and there are profound implications for real estate. They see the drivers of change coming from a combination of: (a) a proliferation of passive sensors, (b) mobile edge computing (much quicker processing), (c) 5G+ (superfast mobile connectivity), (d) AI / machine learning (the ability to learn from large data sets), and (e) ‘extended reality’ (the blending of the real and virtual worlds. The five resulting trends are: (1) ‘networked reality’ (a permanent immersive overlay, including instant virtual teleportation), (2) ‘networked matter’ (a fully autonomous supply chain, and the ability to dock AVs into built structures, (3) sentient cities (ones which can manage their own transport systems), (4) smart assistants (able to solve complex non-linear tasks), and (5) social robots (which develop learning and empathy). The latter two will change workforce composition, and how we go about work, whereas the first three could have radical impacts on the penalty of distance. Through a combination of being able to move oneself virtually to new locations, and on the other hand, move products to you more efficiently and autonomously, the need to have tightly located ecosystems will start to weaken. A large percentage of property value is based on proximity, and so the old rules may need to be rewritten. Dell lists a series of challenges to adoption of these technologies, including privacy, information overload and ‘algorithm inequality’. Worth a read.