It’s impossible to predict exactly how technology innovation will develop in the future and where we’ll be in 15 to 20 years time, but in 1999 Microsoft founder Bill Gates did just that.
A report from TIME magazine “How Bill Gates Predicted Today’s Technologies in 1999” tells the story of Gate’s forecasting predictions that he documented in his book, Business @ the Speed of Thought.
From today’s viewpoint these prophecies are unbelievably and rather eerily accurate. The tech pioneer impressively identified major advances in technology and the digital realm, foreseeing smart advertising and the introduction of social networking sites. He even referenced the launch of “small devices” (smartphones) that would offer mobility with constant access to information and able people to stay in touch with friends, colleagues and do electronic business while on the go.
Quite extraordinary is that when Gates wrote this book, people still used dial-up Internet and the phone to book travel, plan events and do business.
There were a few further areas Gates points out that haven’t yet been developed to their full potential. Gates highlighted that these could offer big business opportunities for startups.