Trends Identified
Insurance (finally) Enters The Digital Age
This will be a standout year for insurance. Insurers will actively embrace new markets (smart cities, autonomous vehicles, connected living, and the elderly), products (insurance for shared workspaces, working from home, automotive pay-per-mile, and cyber-protection), technologies (blockchain, virtual reality (VR)/augmented reality (AR), and AI), business models (Prevention-as-a-Service, usage based car insurance, and on-demand insurance), and operations (increased automation, shifts in core systems, and even personnel and culture shifts).The industry will be characterized by greater automation and partnerships with data management companies. M&As with product and service providers in adjunct industries will provide instant access to new technology and capabilities, allowing insurance companies to adapt more rapidly to next generation needs.
2019
Top 10 Trends For 2019
Forbes
B2B Data Monetization Becomes Mainstream
This year will mark a watershed where new, non-traditional industries begin to establish and develop their data monetization strategies. Following in the footsteps of the credit, marketing and advertising industries where such practices are already widespread, car manufacturers, healthcare companies, IoT, and industrial aerospace IoT will push more aggressively towards data driven business models. Success for data monetization in these industries will be dictated by their ability to develop use cases, and innovative pricing and business models. Investments in data initiatives will spiral, even as comprehensive data strategies become a cornerstone of future business plans. In the meantime, significant reductions in data generation and storage costs will allow companies the opportunity to more creatively and productively leverage their data.
2019
Top 10 Trends For 2019
Forbes
Earth In Crisis
A flurry of reports in 2018 highlighted the devastating impact of pollution and climate change events. Issues like the destruction of wildlife and natural habitats, the rampant use of plastic, and climate change induced disasters like droughts, wildfires, floods and tsunamis, spurred a sense of urgency among governments, industries and citizens who committed to more sustainable environmental practices. In 2019, ripple effects will be felt in the real estate business where investments and land prices are likely to rise in regions less likely to be affected by climate change. Political will and public pressure will elicit shifts in policy and regulations, even as they disrupt industries which continue with unsustainable operations. Promisingly, leaders with strong green credentials will accelerate the development of their countries as innovation hubs for next generation environmental solutions.
2019
Top 10 Trends For 2019
Forbes
Marketplaces Everywhere
Get ready for marketplaces everywhere. The fourth generation of marketplace business models will be focused on the service sector. Three converging trends will drive their rapid expansion. Firstly, the over five billion connected devices and nearly 230 billion app downloads expected in 2019 will lead to an increase in mobile based marketplace models for services. China and India will lead the way here, primarily because of their growing app economy. Secondly, technologies like blockchain will transform online payment systems. Thirdly, a surging on-demand economy will fuel the expansion and diversification of digital service marketplaces. Watch out for a series of niche service marketplaces—adult and child healthcare, vehicle ride-hailing services or vehicle after sales spares & services, for example—as a result of the focus on personalization and customization.
2019
Top 10 Trends For 2019
Forbes
Autonomous Is Here, Now and Everywhere
I have been advocating for a while now that anything that moves will be autonomous in the future. This year will set the scene with the commercialization of 1st generation autonomous products. Automotive, industrial robotics, aerospace and consumer appliance industries will ramp up their pursuit of autonomous technology in 2019. In the automotive sector, semi-autonomous and autonomous ride-hailing services are a strong likelihood with BMW, GM, Uber and Waymo planning to launch their own ride-hailing programs this year. Robots are set to become more commonplace in industrial workplaces. Aerial taxi services are very much on track, with Germany-based Volocopter set to test autonomous air taxis in Singapore later this year. For those looking for some help around the house, Amazon Alexa and Google Home are old news. Smart Home 2.0 devices with enhanced capabilities are all set to shoulder some of your household chores even as Amazon redoubles efforts to introduce its home robot to consumers this year. Accompanying these developments will be the urgent need to formulate new regulations governing the safe testing and deployment of autonomous technologies.
2019
Top 10 Trends For 2019
Forbes
The Future Is Edge
The edge is where it’s at. Investments will increasingly migrate from the cloud to edge computing. Porsche, Softbank, and Berkshire have already bet big on edge computing start-ups. Watch out for significant application enablement as a result. There’s going to be further movement shifting storage and processing to the edge. In the meantime, a slew of industries—defense and healthcare, among them—will begin to leverage edge computing technologies. And no, I haven’t forgotten about our two missteps from last year. First, our prediction that some tech giants, Apple in particular, would hit the golden $1 trillion valuation mark didn’t quite happen as expected; they did hit the mark but failed to sustain the momentum. Another of our predictions that didn't turn out as anticipated was that a generation of young leaders would spearhead a new brand of politics. Disappointingly, the sheen of poster boys like Emmanuel Macron, Saudi crown prince Mohammad bin Salman, Kim Jong Un and Justin Trudeau dimmed considerably over the course of 2018.
2019
Top 10 Trends For 2019
Forbes
Wireless 5G takes hold
While the next generation of broadband will make internet speeds faster, that’s far from the biggest perk (current speeds are plenty fast). 5G will offer improved latency, drastically reducing the time it takes for connected devices to communicate with one another. This is the key to making the internet of things (IoT) come to life because our current infrastructure cannot support the burgeoning universe of products adequately, including everything from streaming Netflix on multiple devices in 4k to connecting phones, iPads and laptops to coffee machines, refrigerators and security systems. The coming of 5G will change that. This not only presents opportunities for internet providers like Verizon, Fios and Spectrum but also the owners of cell towers such as Crown Castle. Even though everyone has an appetite for better internet, no one wants more cell towers in their city, meaning the value of the existing ones goes up. Other beneficiaries will include the handset makers, something that should be music to Apple’s ears. The company is no doubt looking to offset the struggles that it faces in China by entering a massive upgrade cycle over the next few years as it unveils 5G-ready devices. Qualcomm and Intel are also poised to do well since their chips will power the modems that will make wireless 5G a reality.
2019
Three Big Tech Trends For 2019
Forbes
Video games are the new social media
At over 2.3 billion, Facebook has by far more users than any social media platform worldwide (Twitter, by comparison, has about 325 million). That’s why, despite its increasingly tattered reputation, Facebook continues to be popular with advertisers in search of eyeballs. At the same time, Facebook has a problem with young people, with only about half of all high-school aged kids being active on the platform. If young people are not using Facebook now, what makes anyone believe that they’ll log on when they get older? They most likely won't, and a big reason why is video games. Thanks partly to the rousing success of “Fortnite,” Amazon-owned Twitch and other platforms like it are creating communities that young people prize far more than Facebook, whether they are watching their favorite gamers or facing off with their friends or with others across the globe. These types of immersive experiences dwarf anything Facebook offers this group, calling into question whether the company can sustain its advertising prowess in the years to come as the younger generation becomes a highly sought-after consumer demographic. Underscoring this dynamic is Netflix, which said in its most recent shareholder letter that it competes more with “Fortnite” than it does HBO. Skeptics will scoff at that, pointing out (correctly) even the biggest phenomenon fade at some point. However, the next huge game is just around the corner, and when it arrives, Netflix, along with social media, will have to worry about it cannibalizing users too. All this is good news for gaming companies, including Tencent, whose subsidiary, Epic Games, published “Fortnite,” Electronic Arts and Activision.
2019
Three Big Tech Trends For 2019
Forbes
Autonomous driving and artificial intelligence
The future of transportation will branch in two directions. One is the Waymo approach, which essentially seeks to remove human drivers from the equation, leaving us with almost an AI-powered Uber alternative. The other is exemplified by Tesla, which is infusing manned vehicles with a series of innovative autonomous features. Each will be here quicker than most realize. One of the reasons is that advances in artificial intelligence are driven, in part, by the availability of more data, so with each new Tesla or Waymo test vehicle that hits the road, semi-autonomous and autonomous capabilities grow exponentially. This is especially true for Tesla’s systems, thanks to the company delivering almost as many cars last year as all previous years combined. AI-enabled transportation is yet another area where investors have an excellent opportunity to back chip makers Nvidia and Intel, whose valuations in recent months have become far more reasonable due to trade-related issues that will likely dissipate going forward. As we move to the next level of internet, entertainment and transportation, there will be huge opportunities for the companies that are best positioned to take advantage of the new technology trends. Investors should take notice.
2019
Three Big Tech Trends For 2019
Forbes
How “Social” is Social Media?
The roots of the social media phenomenon as a societal paradigm are fascinating. In the late 90s, the dispersion of the internet and home PCs became the new means of communication, and provided inspiration for experimentation with how we as humans connect and express ourselves. The hype was immense – as today’s older millennials will remember - basic messaging boards and forums became interactive networks where internet users gained a voice of their own.
2019
Trends 19
GlobalWebIndex