1. Cash, checkbooks, credit cards and atms
Nowadays people in the U.S. usually do their cash transactions through mobile applications like Square and Venmo. In fact, check use fell 57% from 2000 to 2012 in the country according to Federal Reserve. Another report by First Data said that 94% of consumers under 35-years-old bank online.
2. USB sticks
According to Ericsson’s mobility report, 70% of the world will be using a smartphone by 2020, and mobile data networks will cover 90% of the population. Cloud storage like Dropbox, Google Drive, Microsoft OneDrive and Apple iCloud which are available in all devices will soon replace USBs.
Biometrics are predicted to replace the character passwords on your various accounts and devices. With fingerprints, voice and facial recognition, you will no longer have to remember all your 19 different passwords.
4. Remote control
With the Internet of Things (IoT), remote controls will be no more. Everything in your home, from lights to locks can be connected through your smartphone via the internet, removing the need for remote controls.
5. Physical documents and papers
With all the available cloud storage services mentioned in number 2, paper-based documents are fast-becoming obsolete. Five years from now, most if not all agreements will be made, agreed and signed in the cloud.