If someone makes the following business prediction: event X will happen in 5 (or more years) think to yourself: they absolutely have no idea.

 

As I said in an earlier post:

For any business prediction, the time frame determines the probability. If they say in a year, they either are doing it themselves or someone they know is. If it is 1-2 years, it won’t happen this year, but someone is working on it. If they say 3-5 years, then it’s likely not in progress, but there is talk of working on it.

The only prediction that is useless is 5-10 years. If someone says 5-10 years, they are saying something like “I don’t want to say it will NEVER happen, but it is not even close to coming to fruition, so I will predict 5-10 because who is even going to come back and ask me about it in a decade from now?” 🙂