At Facebook’s F8 developer conference last month, Mark Zuckerberg, founder and CEO of Facebook, spoke on the future of the company and highlighted the up-and-coming technology that is not only going to change and enhance the way that we interact with the world, but improve our day-to-day life.
Last year, Facebook showcased its 10-year roadmap which aims to see technology such as artificial intelligence, and virtual and augmented reality become a core part of its business in that timeframe. It believes AI will be vital in enabling a number of its products and can be used for reasoning and planning, amongst other things.
In his keynote, Zuckerberg imagined the benefits of options provided by new technology to provide enhanced services compared to what is currently available. Zuckerberg spoke of the eventual replacement of hardware – especially entertainment related hardware – by virtual and augmented reality versions which would be cheaper, effectively portable, take up no room and have many other benefits. Although this may be a long way off, by planning out the stages of development in its roadmap, Facebook has taken the first steps towards these ideas becoming reality.
By leveraging new developments in technology, Facebook is setting itself up to disrupt many established markets. Equipment that is so ubiquitous in modern life is being re-assessed to establish its necessity. Where most people can’t imagine being without a smart phone, computer or tablet, innovators are now looking at ways to replace them. Parallels can be drawn between this and many other industries where traditional methods and procedures are being re-examined in order to find cheaper, faster or simpler options.
Augmented and virtual reality have huge potential in the gambling industry to provide more immersive and customisable products. AI can be used in a host of applications, from regulation compliance to automating processes for greater efficiency. Combining these, as well as other technology, will provide huge opportunities to companies that are prepared to innovate.
Whilst the reality of this may be some way in the future – Facebook started last year and is pushing for a 2026 realisation of its goals – companies will need to begin planning now to avoid being caught off-guard when these kind of products start to come out. By creating their own roadmaps, companies will identify the best way to proceed with integrating new technology and identify strengths, weaknesses, opportunities and threat, along with how to react to them.