Dr. Rana AlBahsh
Technology is evolving faster than ever, reshaping how we live, work, and connect. Artificial intelligence, robotics, biotechnology, and cryptocurrency are no longer ideas of the future—they are transforming industries today. These advancements bring efficiency, economic growth and progress, but how much of this is realistic? And what challenges could slow things down?
AI is changing how we build software. In the past, coding required a lot of manual effort. Now, AI automates about 75% of coding, a huge jump from just 3% in early 2023. Tech companies like Microsoft and Alphabet are leading the way, helping engineers focus on creativity instead of repetitive tasks. However, AI still isn’t perfect—it lacks the human intuition needed for real judgment and innovation.
While AI is reshaping the digital world, robotics is transforming the physical one. Companies like Tesla and Boston Dynamics are developing humanoid robots for factory work and household tasks. Some experts believe this industry could reach $26 trillionin few years, but high costs, tech limitations, and concerns about job loss are slowing things down.
In healthcare, AI revolutionized the study of genes, proteins, and biological systems speeding up drug discovery, and cutting research time from years to months. Companies like CRISPR Therapeutics, Illumina, and Moderna are leading these efforts. However, despite their success, government regulations and clinical testing remain major hurdles.
Finance is another area seeing big changes. Bitcoin, once seen as a risky investment, could reach $1.5 million per coin, attracting institutional investors. Meanwhile, stablecoins processed over $15 trillion in transactions in 2023, surpassing Visa and Mastercard. Companies like Coinbase and BlackRock are pushing digital currencies forward, though regulatory issues and price swings still create uncertainty.
With these advancements coming together, the global economy is on the edge of major change. For over a century, GDP growth has averaged 3%, but with AI, robotics, blockchain, and biotech, it could rise to 7-8%. Still, history shows that big technological shifts take time. Innovations like electricity and automobiles took decades to reshape industries. AI’s journey will be shaped by regulations, job market changes, and global politics.
The world is evolving fast, and we must be ready to make the most of it.
