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IBM Releases 'Five in Five' Report; Lists Technological Predictions

IBM has released a new report that predicts top five technologies that will change people's lives over the next five years.

The Five in Five report, in its sixth year, studies prevailing social, economical and technological trends and predicts technologies which will redefine how people live their lives within the next five years, Tech Radar reports.

In its report, the company predicts people will be able to generate their own energy by 2016, because objects that move, such as shoes and bicycles, can create energy.

IBM also claimed that by 2016, people will not need to create passwords to access online accounts. Instead, their biological traits would for online identification.

"The IBM Five in Five is based on market and societal trends expected to transform our lives, as well as emerging technologies from IBM Labs around the world that can make these innovations possible," said IBM in a statement.

"Many of the company's previous Five in Five predictions are already taking root, such as in 2008, when IBM predicted that consumers would be talking to the web - and the web would talk right back," it added.