Trends Identified
Managing man and machine
Some worry that globalisation will take away their jobs and they’re even more nervous about the impact of technology. Twenty years ago, there were fewer than 700,000 industrial robots worldwide; today, there are 1.8 million, and the number could soar to 2.6 million by 2019.9 Manufacturing output has simultaneously risen, but employment in the sector has fallen in various advanced economies.10 Technology has been one – although by no means the only – cause of these changes. Robots are now entering the services arena; 3-D printing can be used to make cars and aircraft; biotechnology will change the way we grow crops, produce food and manufacture medicines; and nanotechnology and artificial intelligence (AI) will affect numerous industries. All this could happen much more quickly than we expect. Just look at the advent of self-driving trucks to make deliveries, or Amazon’s new Go store, which uses technology to track what customers put in their shopping carts and bill them automatically when they walk out, eliminating the need for human cashiers.11
2017
20th Annual global CEO survey
PWC
Gaining from connectivity without losing trust
Twenty years ago, trust wasn’t as high on the business radar as it is today. In fact, we didn’t survey CEOs about it until 2002, when the business community was reeling from accounting fraud scandals, the bursting of the dotcom bubble and the collapse of the equity markets. With hindsight, it seems hard to believe that only 12% of CEOs thought public trust in companies in their country had greatly declined, and only 29% thought the fallout from corporate misdeeds was a serious threat. Since then, the financial crisis has catapulted trust into the limelight, and the after-effects of stagnant economic growth and spiralling debt levels continue to fuel a climate of mistrust. The impact on CEOs has been significant: in 2013, 37% worried that lack of trust in business would harm their company’s growth. This year, the number has jumped to 58%. The breakdown in public trust now poses a potent risk to political, economic and social systems the world over.
2017
20th Annual global CEO survey
PWC
Making globalisation work for all
For the past 20 years CEOs have been largely positive about the impacts of globalisation on their businesses and markets. But, by 2007, they were beginning to express reservations about the short-term effects on society. CEOs are still ambivalent. Today the vast majority believe that globalisation has helped to free up flows of money, people, goods and information, facilitate universal connectivity and create a skilled workforce. Yet a significant number say it’s done nothing to mitigate climate change, promote the development of fairer tax systems or close the gap between rich and poor (see Figure 14).
2017
20th Annual global CEO survey
PWC
Blockchain
The blockchain is not as revolutionary as artificial intelligence (AI), or as intuitive and user-friendly as voice control, but it will transform the way we handle finance, real estate, Internet of Things (IoT), the supply chain of most industries and much more. That’s why governments are rushing to incorporate it in every sense they can; they know the high cost of falling behind on this.
2018
2019 Tech Forecast: 11 Experts Predict The Next Wave Of Breakout Technologies
Forbes
Blockchain As A Service
In 2019 we will begin to see the first practical implementations of blockchain, beyond the cryptocurrency use case, and unlock distributed marketplaces and computing systems that leverage communities for sharing of resources in both a cost- and resource-efficient manner. These technologies will be enabled through the blockchain-as-a-service platforms being unveiled by IBM, Azure and AWS.
2018
2019 Tech Forecast: 11 Experts Predict The Next Wave Of Breakout Technologies
Forbes
AI-Led Automation
The breakout technology of 2019 is definitely going to be AI-led automation. It’s expected that data mining and management, business processes, information technology (IT) services, customer support, and many other sectors will witness automation via neural networks and machine-learning-based solutions.
2018
2019 Tech Forecast: 11 Experts Predict The Next Wave Of Breakout Technologies
Forbes
Machine Learning
AI and machine learning (ML) were born in the ’80s, but the hardware was never fast enough to deliver the expected promise. Now, ML libraries are readily available, and the cloud provides all the computing you need. Thanks to AI and ML, marketers can improve revenue growth, support reps can deliver better answers, service professionals can deliver insights and customers can connect all their data.
2018
2019 Tech Forecast: 11 Experts Predict The Next Wave Of Breakout Technologies
Forbes
Enterprise Content Management
In 2019, more documentation will originate digitally, eliminating the need for organizations to “go paperless” in the first place. Enterprise Content Management (ECM) software integrates disparate data from across your organization through the use of electronic forms and automated workflows. By empowering this exchange of data, businesses maximize their return on investment (ROI) and customer acquisition costs (CAC) throughout customer lifecycles.
2018
2019 Tech Forecast: 11 Experts Predict The Next Wave Of Breakout Technologies
Forbes
AI For The Back Office
There’s a lot of hype around the potential of AI, but one area that is often overlooked is the power of AI to revolutionize workflows. In 2019, we’ll see the start of AI making a noticeable impact on the back office, from increasing electronic operations to streamlining identification and credentialing. These developments have the ability to transform labor-intense processes across industries.
2018
2019 Tech Forecast: 11 Experts Predict The Next Wave Of Breakout Technologies
Forbes
Quantum Computing AI Applications
2019 will be the year of quantum computing AI applications. Quantum technology recently became available for the public on the cloud and is now set to have a large transformative impact on many industries, providing solutions and answers to problems that supercomputers couldn’t solve before. Major applications are expected in health care (material science), trading and in cybersecurity.
2018
2019 Tech Forecast: 11 Experts Predict The Next Wave Of Breakout Technologies
Forbes