Trends Identified
Demography
The population in developing regions is projected to increase from 5.9 billion in 2013 to 8.2 billion in 2050 whilst the population of developed regions will remain around 1.3 billion people;
2015
SDG industry matrix
KPMG
Income growth
Between 2010 and 2020, the world’s bottom 40% will nearly double their spending power from US$3 trillion to US$5.8 trillion;
2015
SDG industry matrix
KPMG
Technology
Rapid innovation is catalysing improved market analysis, knowledge sharing, product and service design, renewable energy sources, distribution models and operational efficiencies. Technology is also lowering market entry costs for non-traditional actors and start-ups with innovative ‘disruptive’ business models;
2015
SDG industry matrix
KPMG
Collaborations
Governments, businesses, international financial institutions, the United Nations, civil society and academia are developing new ways of working with each other in pursuit of compatible objectives.
2015
SDG industry matrix
KPMG
Shift in Global Economic Power
The falling prices of crude oil, depreciation of strong currencies and rise of emerging economies poised challenges to the dominant powerhouses are some of the signs of global economic shift occurring presently.
2017
Science & Technology Foresight Malaysia
Malaysia, Academy of Sciences Malaysia
Emergence of Disruptive Technology
Disruptive technologies will continue to evolve in the coming decades. Hence, it is in the hands of policy makers, entrepreneurs, business leaders and citizens to maximise application of these technologies while dealing with the challenges.
2017
Science & Technology Foresight Malaysia
Malaysia, Academy of Sciences Malaysia
Rapid Urbanisation
By 2050, 66% of the global population is expected to be living in urban areas with nearly 90% of the increase concentrated in Asia and Africa. Increase of population density and activities in urban areas across the globe would significantly transform the structure of societies, distribution of resources and governance systems.
2017
Science & Technology Foresight Malaysia
Malaysia, Academy of Sciences Malaysia
Demographic change
The world population is expected to increase in the coming years with a demographic shift seen with number of seniors increasing as they have longer life expectancy and declining birth rates. The ageing population phenomenon is triggering one of the most significant social transformations
of the twenty- first century.
2017
Science & Technology Foresight Malaysia
Malaysia, Academy of Sciences Malaysia
Social Change
According to the World Bank Group, two thirds of all jobs could be susceptible to automation in developing countries in the coming decade. The role and responsibilities of people in this new operating landscape will increasingly shift to knowledge work, process control and decision making. As such, the ability to learn, unlearn, relearn and co-learn reinforced through reskilling and upskilling would be increasingly important as emerging technologies lead the way to greater automation. The democratisation of knowledge also gives rise to a society where ideas and knowledge can be easily accessed by many and no longer limited to an elite group. The digital revolution enables knowledge to be freely acquired, shared and developed thereby empowering people to make informed decisions.
2017
Science & Technology Foresight Malaysia
Malaysia, Academy of Sciences Malaysia
Climate Change
Global warming, rise of sea levels and extreme weather events are becoming more frequent and more severe recently. Impacts related to climate change are evident across regions and in many sectors important to society such as human health, agriculture and food security, water supply, transportation, energy, ecosystems, and others and are expected to become increasingly disruptive throughout this century and beyond.
2017
Science & Technology Foresight Malaysia
Malaysia, Academy of Sciences Malaysia