Trends Identified
Digital Twins
A digital twin is a digital representation of a real-world entity or system (see Figure 5). The implementation of a digital twin is an encapsulated software object or model that mirrors a unique physical object (see Note 1). Data from multiple digital twins can be aggregated for a composite view across a number of real-world entities. The notion of a digital representation of real-world entities or systems is not new. You can argue that this was a central notion in the IT industry with the creation of computer-aided design representations of physical assets or profiles of individual customers. The difference in the latest iteration of digital twins is: The robustness of the models
Digital twins' link to the real world, potentially in real time
The application of advanced big data analytics and AI
The ability to interact with them and evaluate "what if" scenarios
2017
Top 10 Strategic Technology Trends for 2018
Gartner
Digital Twin – Virtualized Insights
Digital twins are virtual models of physical things, products, buildings and systems and their data and information flows. Digital twins create a holistic view of products, buildings and processes and allow virtual simulations and modifications. The real power of a digital twin is the close to real-time linkage between physical and digital worlds. The building elements are: sensors, data, integration layer, analytics and the digital twin, the virtual model, itself. Digital twins promise to improve situational awareness, enable better responses to changes, particularly for asset optimization and preventive maintenance. They can help extending the lifetime of assets and optimizing the performance. Digital twins are increasingly and successfully used for product prototyping, reducing the development times and costs. The market is immature and we are still observing rather simple digital twins like virtual models of buildings, oil platforms and prototypes. The demand is increasing fast and digital twin templates, platforms and services will proliferate. Digital twins won’t stop at assets or things but will be expanded to operations, systems, people, business processes and metadata structures over time. These digital representations will be connected more tightly to their real-world counterparts and infused with more sophisticated artificial intelligence. Obstacles are the heterogeneous and disconnected sources of data and the complexity of the projects. Digital twins will start around asset monitoring, optimization and rapid prototyping. Midterm, operation of factories and companies will follow, long term, we will see generating insights around product and services use and business modelling.
2018
Trend Report 2018 - Emerging Technology Trends
SAP
Digital Trust
Pervasive new technologies raise potent new digital risk issues. Without trust, businesses cannot share and use the data that underpins their operations. That’s why the most advanced security systems today go well beyond establishing perimeter security and incorporate a powerful commitment to the highest ethical standards for data.
2016
Accenture Technology Vision 2016
Accenture
Digital Transformation Becomes a Must
Whereas digital transformation may once have been just a buzzword in some (lagging) boardrooms in 2017, 2018 will force many companies to realize DX is no joke. It’s an imperative in today’s business market. Disruption will continue to be an increasingly common occurrence in the next few years, and companies unable or unprepared for those changes will quickly fall to the bottom of the pack.
2016
Top 10 trends for digital transformation in 2018
Forbes
Digital Technology
The branch of scientific or engineering knowledge that deals with creation and practical use of digital or computerised devices, methods, systems is named digital technology (Dictionary.com, 2015). The adoption of digital technology has had an enormous impact on economy, politics, personal life and society in terms of connectivity and interacting in real-time. Digitalisation of industries or sectors is providing new opportunities and enabling new business models such as sharing economy for environment and welfares.
2017
Science & Technology Foresight Malaysia
Malaysia, Academy of Sciences Malaysia
Digital Technology
Digital information and communications technologies (ICTs) have continued to rapidly advance. All parts of the world are now major users. Mobile phone ownership in Africa is now comparable to that in the USA, with about one connection per capita. Yet, while some digital gaps have closed, others continually open with the introduction of new technologies. In the context of implementing SDGs in Africa, information and communications technologies may play a role comparable to that of machines in the replacement of labour in the industrial age. 11 However, whereas the machines of the industrial era functioned as isolated and individual artefacts in one local environment, ICTs and knowledge creation exist as a hierarchy of networks that bring about innovations. 12, 13 Great technology potential has been accompanied by equally great concerns about social, political, economic and environmental impacts . The new fifth generation (5G) mobile phones enable vastly faster data connections than traditional phones. The “Internet of Things” is emerging and it interconnects physical objects to internet infrastructure. 3D printing enables the making of three-dimensional objects from a digital file, and together with robotics it has the potential to significantly alter the geographical distribution of manufacturing with important impacts on global labour markets and imbalances. “Big data” technologies transform the way governments, citizens, and companies do business, but they have led to concerns about erosion of privacy and freedom of expression. Similarly, wireless sensor networks have great efficiency potentials in many areas, but there are concerns about their impact on privacy, freedom and development. Big Data and the Internet of Things through the use of huge datasets and Internet-connected sensors potentially adds to the existing toolkit for sustainable development (e.g., in health, agriculture, food security, sustainable urbanization, etc.), but can also introduce risks related to data privacy and security. Because of cloud computing platforms that provide low-cost access to compute and storage capabilities as well as Free and Open Source Big Data and Internet of Things technologies, such technologies can serve as platforms for locally-relevant, pro-poor innovation without significant capital investments. However, this requires the requisite local talent to tailor solutions to local needs. National governments must also consider the limits of big data analysis (especially for causal inference and policy analysis), how such technologies can serve existing national development planning, regulatory frameworks for securing the rights of citizens with respect to privacy and security, and strengthening human capital and the larger ecosystem to effectively use such tools. 14 “Big data” has transformed the volume, velocity, and character of the information that we are able to procure regarding virtually every aspect of human life. 15 Online participatory tools increasing transparency and accountability in global sustainable development governance allow greater access to sharing of substantive information on the issues addressed by the civil society, international organisations and member states for realization of agenda 2030. 16 At the same time, the scientific community highlighted the idea that the most sustainable way to bring the deepest results of the digital revolution to developing communities is to enable them to participate in creating their own technological tools for finding solutions to their own problems. 17 120 | Global Sustainable Development Report 2016 3D Printing (3DP) can cost-effectively lower manufacturing inputs and outputs in markets with low volume, customized and high-value production chains. It could potentially help countries and regions that did not participate in the industrial revolution develop new manufacturing capabilities, especially for low volume, highly complex parts. Applications range from automobile and aerospace manufacturing to rapid-prototyping, healthcare, and education. Low cost consumer 3DP printers can help local people in developing and developed countries to produce a range of useful products, from basic assistive technologies to educational aids. For example, the projects of the Rapid Foundation in India and Uganda have shown that low cost printers are easy to build, use, fix or modify and are robust in remote locations. With expert training, anybody can become comfortable with using these printers in a few hours. 18 Further low-cost applications in science, education and sustainable development are detailed in a recent ICTP open book. 19 3D printing presents a number of challenges, including possibly disrupting existing manufacturing global value chains, decreasing labour demand for housing and construction, and potentially enabling the physical production of illegal 3D models that could pose both economic and security threats. There are potential environmental benefits (lower energy use, resource demands and CO 2 ), if 3D printing displaces existing transportation and logistics routes for shipping of goods and products. A recent study concluded: “ If 3DP was applicable to larger production volumes in consumer products or automotive manufacturing, it contains the (theoretical) potential to absolutely decouple energy and CO 2 .” 20 However, as 3DP is expected to remain a niche technology by 2025 reductions in energy and CO 2 emission intensities of industrial manufacturing could only be reduced by a small factor through 3DP by that date. Massive Open Online Courses potentially provide resource- poor regions and individuals more equitable access to world-class education content. Widespread global Internet access is impacting how we learn, as seen in the availability of various online learning platforms such as massive open online courses (MOOCs). 21 With low-cost replication of recognized content and education, personalized, self- paced learning, and interactive data-driven user interfaces, students potentially have access to material that previously would have been out of reach. However, MOOCs may not provide locally-relevant content tailored to a specific national context. Furthermore, MOOCs could replace the jobs of existing teachers and widen existing educational divides (i.e., providing a disproportionate advantage to individuals with access to the Internet and education). One nonprofit university based in Rwanda combines online learning content with in-person seminars to deliver degree programs that are locally-relevant, appropriately priced, and stimulate local employment. At this point, the potential impact of MOOCs requires more study, both globally in terms of existing platforms as well as of users in specific national contexts, along with implications for educational systems and employment. Optimal system use of radio, mobile phone, GIS and remote sensing technologies is considered vital for transforming rural populations. 22 The use of GIS to monitor an ever wider array of parameters at ever higher spatio-temporal resolutions allows us to consistently and constantly measure and monitor a huge array of environmental factors, allowing the enforcement of regulations, which would otherwise be impossible. 23, 24 Yet, data management remains a challenge for many countries, as they lack both skilled staff and technologies for effectively collecting or reporting reliable data. Many of the commonly used spatial database platforms are proprietary and are too expensive for many organizations in developing countries. 25
2016
Global sustainable development report 2016
United Nations
Digital reality
The augmented reality and virtual reality revolution has reached a tipping point. Driven by a historic transformation in the way we interact with technology and data, market leaders are shifting their focus from proofs of concept and niche offerings to strategies anchored in innovative use cases and prototypes designed for industrialization. They are laying the groundwork for broader deployment by tackling issues such as integration experiences with the core, cloud deployment, connectivity, cognitive, analytics, and access. Some have even begun developing new design patterns and nurturing non-traditional skillsets, heralding a new era of engagement. These early adopters recognize a shift in the AR/VR winds: The time to embrace digital reality is now.
2017
Tech trends 2018
Deloitte
Digital Platforms
As digital business moves away from siloed business ventures and toward interconnected ecosystems, technology is evolving from compartmentalized technical infrastructure to ecosystem enabling platforms. Businesses must think about how to create platform-based business models and what technology is needed to support that move.
2017
Top Trends in the Gartner Hype Cycle for Emerging Technologies, 2017
Gartner
Digital payments and currency
E.g., mobile payment systems, etc.
2016
Disruptive technologies barometer
KPMG
Digital Panopticon
Biometrics are already making exponential advances— technologies that were recently in the realm of science fiction now shape the reality of billions of people’s lives. Facial recognition, gait analysis, digital assistants, affective computing, microchipping, digital lip reading, fingerprint sensors—as these and other technologies proliferate, we move into a world in which everything about us is captured, stored and subjected to artificial intelligence (AI) algorithms. This makes possible increasingly individualized public and private services, but also new forms of conformity and micro-targeted persuasion. If humans are increasingly replaced by machines in crucial decision loops, the result may lead not only to greater efficiency but also to greater societal rigidity. Global politics will be affected: authoritarianism is easier in a world of total visibility and traceability, while democracy may turn out to be more difficult—many societies are already struggling to balance threats to privacy, trust and autonomy against promises of increased security, efficiency and novelty. Geopolitically, the future may hinge in part on how societies with different values treat new reservoirs of data. Strong systems of accountability for governments and companies using these technologies could help to mitigate the risks to individuals from biometric surveillance. This will be possible in some domestic contexts, but developing wider global norms with any traction will be a struggle.
2019
The Global Risks Report 2019 14th Edition
World Economic Forum (WEF)