If 1995 seems a long time ago, that’s because it was. The DVD player was the hot new entertainment device, mobile phones were bulky and did little besides place calls, and accessing the internet was a novel (and slow) experience confined to desktop computers.
Technology has changed immensely in the 25 years since then. One could argue that it’s continued to improve our lives, keeping us more connected to information, entertainment and each other. You also could argue just the opposite, but either way, there are a few gadgets and technologies that have changed our lives and the world forever.
This is the fourth in a five-part series on technologies that have impacted the world.
3D printing
3D printing — the process of synthesizing a three-dimensional object — is one of those technologies that edges ever closer to mainstream use every year. We’ve seen the concept play out on TV and in movies for years, and now with home 3D printers it’s finally growing beyond a wildly exotic hobby for a small enthusiast audience.
3D printing got an early foothold as a way to design prototypes of just about anything. The technology allows manufacturers to build plastic components that are lighter than metal alternatives and with unusual shapes that can’t be made by conventional injection molding methods.
The devices are used to create materials inside football helmets and Adidas running shoes, and Porsche plans to roll out a new 3D printing program that will allow customers to have their cars’ seats partially 3D-printed.
Some call 3D printing the fourth industrial revolution. Spending in the field is growing at about 13% annually among large US companies, consulting firm Deloitte estimates, and will likely reach $2 billion in 2020.
Video streaming
Twenty-five years ago, a new media storage format was taking the entertainment world by storm. DVDs had superior picture and sound quality to the VHS tape, and they took up less room on your shelves. Movie rental stores abandoned VHS for DVDs, and online rental services like Netflix popped up, offering the convenience of mailing rented discs directly to you.
Then Netflix introduced its streaming service, allowing people to watch movies and TV shows across the internet. Consumers fell in love with the convenience of on-demand programming and began the phenomenon of “cutting the cord.” As more streaming services like Amazon Prime Video, Hulu and YouTube emerged, consumers started canceling cable and satellite subscriptions and rental services such as Blockbuster went belly up.
By next year, more than one-fifth of US households are expected to have cut the cord on cable and satellite services, according to eMarketer.
Music streaming
Vinyl will always be popular among audiophiles, but streaming is still the future of music listening. Streaming music is cheap or even free (in the case of Pandora and Spotify) and outpaces any physical format when it comes to convenience.
Streaming now represents 85% of all music consumption in the US, a 7.6% increase over 2018, according to BuzzAngle Music. In 2019, on-demand audio stream consumption hit a record 705 billion streams, a 32% increase over the previous year.
In 2019, total music industry revenues rose 13% to $11.1 billion, with streaming accounting for nearly 80% of that total, according to the RIAA. But at the same time, album sales fell 23% in 2019 and song sales dropped 26%. And that’s after declines of 18.2% and 28.8%, respectively, the previous year.
Apps
Mobile apps have changed the way we consume media and communicate, from news and streaming services to texting and social media apps. They have also changed the way we go about living our daily lives, helping us find on-demand rides, short- and long-term rentals, and have food delivered to our door, just to name a few of the countless benefits.
There are more than 2 million apps in the Apple App Store, generating about $50 billion in revenue.
Autonomous vehicles
The promise of autonomous vehicles has been touted for more than a decade: Without human drivers, proponents say, cars will be safer and more comfortable, especially on long trips. Technology companies have been working on making them a reality for a long time. The driverless vehicle fleet from Waymo, the autonomous car company owned by Google parent Alphabet, has driven more than 20 million miles on public roads since its founding in 2009.
Fully self-driving cars may not arrive in dealerships for another decade, but we’re already benefiting from the technology being developed for autonomous vehicles, including adaptive cruise control, automatic forward-collision braking, automatic parking, autopilot and lane-keep assist.
Source: cnet.com/ Author: Steven Musil
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