Back to the Future - October 21, 2015
from Peter Diamandis
26 years ago, Marty McFly and Doc Brown climbed into their time-traveling flying DeLorean and set the controls to the distant future --– which happens to be this week.
This is a fun blog about the predictions that Back to the Future got right, the predictions they got wrong, and the amazing technologies we have today that they just completely left out.
For a $40M dollar budget, it's pretty amazing what they achieved. So as you read these correct predictions, think about how you might have profited from these areas if you took action on them 26 years ago.
Here’s the Predictions That Back to the Future Got Right:
Here’s a short list of the stuff they got right (26 years ago!):
1. Brain Controlled / Wireless Video Games:
“You have to use your hands? That’s like a baby’s toy!”
2. 3D Movies:
Marty being eaten by ‘holographic Jaws.’
3. Handheld tablet computers:
McFly gets handed a Tablet in 1989
McFly videoconferencing with a coworker
5. Augmented & Virtual Reality Wearable Technology:
Marty Jr. viewing an incoming phone call in his glasses.
6. Wall mounted widescreen TVs with multiple TV channels:
Marty Jr. watching six television channels, simultaneously.
Marty Jr. reaching for fruit from the retractable garden in his kitchen.
8. Biometric Scanners—fingerprint scanners as door locks:
“Thumbing” to pay for the taxi fare.
Predictions That Back to the Future Got Wrong:
Here’s the technologies that aren’t quite here (yet).
- Flying cars: While there are a number of companies like Zee.aero, Terrafugia and AeroMobil hard at work, this still may need an XPRIZE to give us the flying car.
- Power clothing (self drying, self tying shoelaces): While not released, Nike claims to release a pair of self-tying laces this year (2015) in commemoration of the movie.
- Ubiquitous fax machines: For whatever reason, fax machines were a big deal in Back to the Future… They are basically a relic of the past now.
- Hoverboards: Though a few companies have rigged gigantic magnets to simulate real life hoverboards, we haven’t found a way to make a practical, scalable version yet…
- Mr. Fusion: While many teams are claiming to get close to net-positive energy fusion, no one has reached there… and even when they do, it's unlikely to fit in the back of my car.
- Well… a time machine: Though I wish we could all drive DeLoreans rigged with Time Machines, unfortunately, the laws of physics still prevent us from jumping around the space-time continuum at will.
A Few Amazing Things We Have Today, That They Missed
So what did Back to the Future (potentially) miss? At least, what amazing technology do we have today that they didn’t highlight?
- Rapid, cheap whole genome sequencing and editing – We now have the ability to sequence a full human genome for under $1,000. The technology is developing at 3x the rate of Moore’s Law. We now have the ability to cheaply and precisely edit the genome with CRISPR/CAS 9. This will open up a new frontier of health and longevity that will have enormous implications on the future.
- 3D Printing – You can 3D print just about anything these days from 300 different materials... Plastics, metals, concrete, chocolates, human cells... Complexity is free and scalability is inherent.
- Emergence of AI – We are in the early days of artificial intelligence. Tens of billions of capital are being poured into an AI “arms race” over the last decade. One fun recent example is Tesla’s “autopilot” software upgrade that just came out – their AI can drive you autonomously on the highway.
- On-Demand Economy – Amazon is working on same-day delivery mechanisms (possibly using drones). Uber has become ubiquitous as the simplest, most reliable way to get around.
- GPS – We really take for granted how good the GPS units in our phones really are. They receive up-to-the-second traffic data, route us to the shortest path, and even give us “street view” or satellite imagery to investigate what a place looks like before we get there.
- Private Spaceflight and Hyperloop: While Back to the Future flaunted flying DeLoreans, I’m proud of where we are with private spaceflight and the start of Hyperloop.
This is the sort of conversation we explore at my 250-person executive mastermind group called Abundance 360.
The program is highly selective and currently full. If you'd like to be considered for the waitlist, we are looking for a few last CEOs and entrepreneurs who want to change the world. We imagine a few spots will open up over the next few months. You can apply here.
Share this with your friends, especially if they are interested in any of the areas outlined above.
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P.P.S. I've just released a podcast with my dear friend Dan Sullivan called Exponential Wisdom. Our conversations focus on the exponential technologies creating abundance, the human-technology collaboration, and entrepreneurship. Head here to listen and subscribe: a360.com/podcast