Trends Identified
Edge Computing to Fast Track the IoT
‘Investment into Edge Computing or ‘Fog Computing’ will fast track the IoT (Internet of Things)’. Faster speeds and lower latency enabled by the placing ‘micro’ data centres at the edge of the mobile network. Will play a vital role in the delivery of IoT services, which require low latency or are data intensive. New architecture will necessitate new network security features at both network and device level.
2018
Top Tech trends 2018
Juniper Research
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
Apple, Facebook, Google Bring Social Payments to the Masses
Increased competition from digital-only service providers offering no to lower transaction fees. 2018 is going to be the year for social payments: Key launches from Apple, Facebook, Google to drive P2P market.
2018
Top Tech trends 2018
Juniper Research
Amazon and Facebook Lead OTT Bids for Major Sporting Rights
Delivering attractive premium content is critical to the success of any video service. Acquiring exclusive rights to popular sporting events is a well- trodden path to increased viewing figures.
2018
Top Tech trends 2018
Juniper Research
Sharing economy
Car- and bike-sharing programs, as well as the revolution in the nature of taxi services is set to reduce the purchase of private vehicles and by extension likely the consumption of oil related to passenger vehicles . Estimates by McKinsey suggest that the sharing economy is likely to reduce car sales by around 10 % over the next 25 years. The effect on oil demand in 2040 of this trend is somewhat uncertain, related to both the speed of adoption of the sharing economy and the actual replacement of oil – fueled vehicles with alternatives.
2018
The bigger picture- The impact of automation, AI, shared economy on oil demand
The 2° Investing Initiative
3D printing
3D printing is set to have potentially significant impacts on the logistics sector, driving more local production of goods and potentially reducing the transportation of intermediate goods across long distances. 4 According to Integracore, around 25 % of the freight, 41 % of the air cargo sector, and 37 % of the shipping sector may be at risk in the context of 3D printing. In estimating the implications for oil demand, there are data challenges related to the share that cargo makes up in the aviation and shipping sector respectively.
2018
The bigger picture- The impact of automation, AI, shared economy on oil demand
The 2° Investing Initiative
Autonomous vehicles
Autonomous driving is another area of significant disruption. Autonomous vehicles are already tested on the road, with a significant degree of automation built into the Tesla software. Autonomous driving could thus be associated with limited lock-in effect as vehicles simply receive ‘softwareupdates’ as the technology matures. The range of estimates on the impact of autonomous vehicles is wide, from rebound effects actually increasing oil demand to positive estimates suggesting up to a 40% efficiency gain across all road transport.
2018
The bigger picture- The impact of automation, AI, shared economy on oil demand
The 2° Investing Initiative
Ai in supply chains
Artificial intelligence will help significantly improve the efficiencies of supply chains, reducing waste both in the logistics chain itself, as well as in the nature of goods and services transported. Estimates suggest AI can help increase supply chain efficiencies by around 20-30%, 7 with commensurate effects in particular on the freight, air cargo, and shipping cargo sector.
2018
The bigger picture- The impact of automation, AI, shared economy on oil demand
The 2° Investing Initiative
Bio-plastics
Primarily driven by non-climate related environmental concerns, notably plastic trash in the ocean, biodegradable plastic is likely to make inroads as the technology develops, with potentially upward of 50% of plastics replaced by non- oil based alternatives by 2040, 8 including potentially with nanotechnology solutions.
2018
The bigger picture- The impact of automation, AI, shared economy on oil demand
The 2° Investing Initiative
Hologram
Holograms can help revolutionize business travel and by extension the consumption of oil. This is likely to –should it scale – impact business travel in particular. Given some travel constraints and the fact that the majority of air travel is either cargo or ‘private’, holograms are only expected to have a low single digit effect on air travel consumption, with no robust estimates to date on scale.
2018
The bigger picture- The impact of automation, AI, shared economy on oil demand
The 2° Investing Initiative