Second, efforts will continue on some of the classical open problems in the field. For example, the capacity of the interference channel, the simplex conjecture, the capacity of the broadcast channel, etc. Despite intense efforts dur- ing the last forty years, the reliability function is still an open problem for even the binary symmetric channel. The problem of zero-error capacity is another longstanding problem which may or may not ever yield to solution.
And third, I foresee a lot of work on "postmodern" (postmo- dem?) information theory: Using the language of the classical theory to deal with problems outside the realm of conventional communication models. One example is information theory in the stock market, championed by Tom Cover. Will Wall Street embrace it now that they are getting serious about math? But, mainly, I expect a lot of action in the interface between in- formation theory and theoretical computer science. This includes problems on the complexity of interactive communication, the complexity of random process simulation, and various tradeoffs of randomness and complex- ity that we see in an increasing number of papers in theoretical computer science conferences such as STOC and FOCS.
Finally, I will conclude by saying that more than by its mathematical tools or its applications, Information Theory can be characterized by a way of thinking that combines in- tellec- tual rigor and engineering insights. That has been the tradi- tion in our field and it is our duty to ensure that that tradi- tion continues.