Trends Identified
AI and Blockchain to Power Numerous Fintech & Insurance Solutions
2018 is the year the combination of blockchain and AI will impact upon areas outside of banking. Blockchain offers the possibility of carrying out transactions in transparent way, offering a simple platform for solutions outside of banking. These solutions will include: Money transfer and remittance. Insurance powered by smart contracts.
2018
Top Tech trends 2018
Juniper Research
AI and autonomous systems
Learning from data and developing smart algorithms has become a competitive advantage. Executives from all sectors believe that AI and autonomous systems will affect the entire industry. Investment in AI is at unprecedented levels from both tech firms and traditional manufacturers. Driverless vehicles are AI’s poster child, but industrial companies are also investing in machine learning and robotics to develop specific technologies related to their core businesses.
2018
Disruptive forces in the industrial sectors - Global executive survey
McKinsey
AI advisors & decision-making machines
Example of Organizationsactive in the area: Woebot (US), Pefin (US), LV (UK).
2018
Table of disruptive technologies
Imperial College London
AI advances
2017 was the year AI leapt to the forefront of CEO consciousness. 2018 may be the year that the hype starts to become reality. At CEO Daily, we believe the explosion of connected devices spewing out data that can be transformed into intelligence by ever smarter machine-learning algorithms eventually will spark a new industrial revolution.
2018
Five Big Business Trends to Watch in 2018
Fortune
AI
Software algorithms that are capable of performing tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and language translation. AI is an “umbrella” concept that is made up of numerous sub fields such as machine learning, which focuses on the development of programs that can teach themselves to learn, understand, reason, plan, and act (i.e., become more “intelligent”) when exposed to new data in the right quantities.
2016
Tech breaktroughs megatrend
PWC
Ahead of the curb
Our cities are changing. Around the globe, lines are blurring between public and private transport, passenger transit and item delivery. The problem is that cities aren’t keeping up, so insufficient regulation and lack of central planning has resulted in a free-for-all that’s leading to urban mobile service clutter and a fragmented user experience. In 2019, organizations must start to consolidate mobility services within a single, coherent ecosystem built on real-time needs.
2019
Fjord trends 2019
Fjord
Agriculture science
Agricultural sciences reflect the diversity of production systems and conditions and build upon a multi- and interdisciplinary curriculum encompassing disciplines from within natural, political and environmental sciences, engineering, socio-economy and humanities. Research has helped to establish a highly productive but also resource intensive sector. In the wake of emerging resource scarcity and effects of climatic variation attention is shifting from mere productivity considerations towards increasing resilience of agriculture vis-a-vis more variable climate and decoupling production increases from resource and energy use. Solutions to these challenges are likely to come from a better understanding of complex agro-ecosystems and the integration of ecological principles into traditional agricultural disciplines. Research into knowledge and innovation systems is seen as crucial to support translation of the proposed solutions into practice.
2015
Preparing the Commission for future opportunities - Foresight network fiches 2030
European Strategy and Policy Analysis System (ESPAS)
Agricultural biotechnology will create a “gene revolution”
It is contended that by 2060, the Green Revolution will be supplanted by a Gene Revolution. Since the early 1980s, modern biotechnology has led to increasing knowledge of the scientific procedures needed to utilise gene-based techniques to improve agriculture. Agricultural biotechnology has the potential to transform African agriculture by raising agricultural productivity and farmers’ incomes. The potential benefits include yield increases in the staple food crops produced in tropical and semi-tropical environments, the creation of drought- and pest-resistant varieties, and shorter harvesting cycles, enabling the planting of several crops per season. Genetic engineering also enables cost-saving techniques, such as nitrogen fixation.
2011
Africa in 50 Years’ Time
African Development Bank
Agricultural biofactories
In 2028, synthetic biology will have the potential to produce different kinds of food, including meat and drinks at lower costs than today. By manipulating genes, brand-new foods can be created with new properties or flavours. The bioproduction industry is expected to reach $100 billion by 2020 alone. This technology, which uses glass or plastic vats (bioreactors), and needs only sun or sugar, algae and nutrients, can be located anywhere.
2013
Metascan 3 emerging technologies
Canada, Policy Horizons Canada
Aging populations are forcing developed regions worldwide to rely more on waning productivity and greater migration to propel growth
Labor productivity growth has waned and is near historic lows in the United States and much of Western Europe, despite a job-rich recovery after the global financial crisis. Productivity growth averaged just 0.5 percent in 2010–14, down from 2.4 percent a decade earlier. This productivity growth weakness comes as birth rates in countries from Germany, Japan, and South Korea to China and Russia are far below replacement rates and working-age population growth has either slowed or gone into reverse. In some countries with declining populations, such as Japan and Germany, some cities are shrinking. Among their other effects, these demographic trends put a greater onus on productivity growth to propel GDP growth; over the past 50 years, just under half of GDP growth in G-20 countries came from labor force growth, while productivity growth accounted for the remainder. Digitization, often involving a transformation of operating and business models, promises significant productivityboosting opportunities in the future, but the benefits have not yet materialized at scale in productivity data because of adoption barriers and lag effects as well as transition costs. Our research suggests that productivity could grow by at least 2 percent annually over the next 10 years, with 60 percent coming from digital opportunities. However, while crisis-related aftereffects are diminishing, long-term drags on demand for goods and services may persist and hold back productivity, a result of changing demographics, declining labor share of income, rising income inequality, polarization of labor markets, and falling investment rates. In terms of consumption, the aging population in many developed countries (that is, the retired and elderly over 60) are increasingly important drivers of global consumption. The number of people in this age group will grow by more than one-third, from 164 million today to 222 million in 2030. We estimate that they will generate 51 percent of urban consumption growth in developed countries, or $4.4 trillion, in the period to 2030. That is 19 percent of global consumption growth. The 75-plus age group’s urban consumption is projected to grow at a compound annual rate of 4.5 percent between 2015 and 2030. In addition to increasing in number, individuals in this group are consuming more, on average, than younger consumers, mostly because of rising public and private healthcare expenditure. Retirees and the elderly in developed economies today have per capita consumption of around $39,000 per year. In comparison, the 30-to-44 age group consumes on average $29,500 per year. Healthcare spending by those aged 60 and older is projected to grow by $1.4 trillion in the period to 2030. With low fertility in the developed world, migration has become the primary driver of population and labor force growth in key developed regions worldwide. Since 2000, growth in the total number of migrants in developed countries has averaged 3.0 percent annually, far outstripping the 0.6 percent annual population growth in these nations. First-generation immigrants constitute 13 percent of the population in Western Europe, 15 percent of the population in North America, and 48 percent in the Gulf Cooperation Council countries. Besides contributing to output today, immigrants provide a needed demographic boost to the current and future labor force in destination countries. Improving the old-age dependency ratio is of critical importance to countries like Germany, Spain, Canada, and the United Kingdom, where most public pensions have a pay-as-you-go structure and worsening dependency ratios threaten to make many plans unsustainable.
2019
Navigating a world of disruption
McKinsey