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REALIZING 2030
The future of the economy
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The dawn of a friction-free economy?
Technology is driving human progress. Our increasingly interwoven partnership with machines has opened up new opportunities for organizations across the globe.
Today, 82% of business leaders expect to see integrated teams of humans and machines working within their organizations within five years1. Institute for the Future set out to explore the impact emerging technologies will have on the economy by 2030.
Our researchers forecast that emerging technologies and human-machine partnerships will transform our economy, remove age-old frictions and usher in new ways of doing business and creating value
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RETHINKING INDUSTRY, BUSINESS AND JOBS…BY 2030
In the next decade, technology will transform many of the fundamentals of commerce and production. Find out how to lead through this change successfully and why you need to prepare today.
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AUTOMATION. PREDICTIVE TECHNOLOGY. INCLUSION.
Shifting towards the economy of 2030
Technologies are transforming many of the fundamentals of commerce and production, as well as dismantling barriers to economic participation. Our researchers cite three key shifts that will drive progress across the globe.
Get the Future of the Economy ReportThe Future of the Economy at a Glance
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Five technologies shaping the economic future
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5G & 6G
5G/6G will deliver hyper-fast wireless connectivity, virtually eliminating network delays.
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IoT
IoT will generate powerful data insights to better anticipate customer needs.
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AI
AI will transform everything – from targeted product creation to rapid authentications and better decision-making.
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Blockchain
Blockchain will provide an immutable, transparent data storage mechanism.
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Cryptocurrencies
Cryptocurrency will be a global payment alternative, that is less prone to fraud and settles immediately.
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Preparing for a friction-free economy
As with any opportunity, challenges will need to be overcome. Our researchers list these:
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SECURITY
Security must be deeply embedded.
Breakthrough technologies such as IoT & AI could lead to more intelligent, targeted attacks. Security must be deeply embedded in any IT infrastructure.
Making IoT devices secure with AI -
Data privacy
Data protection will be more important than ever.
Data is growing exponentially. So are risks. Data privacy starts with data protection.
Learn more about the Global Data Protection Index -
Human-machine interactions
Humans must carefully guide human-machine relationships.
Challenges exist, like bias in AI and failures in autonomous vehicle performance. Humans will need to supervise machines for the best results.
Enhancing driverless safety with AI -
Trust & transparency
Trust will become critical to evaluating business.
Organizations use frictions to minimize risk. Without these safeguards, organizations will need to earn and maintain the highest levels of trust.
Why a culture of trust is critical for NATO -
Governance
New capabilities will require new forms of oversight.
Technology can and will be exploited. Mitigate this through checks and balances.
How organizations can use blockchain to ensure integrity -
Job creation & education
Technology can create as many jobs as it replaces.
Automation can eliminate and create jobs, simultaneously. Educate and train so everyone can thrive in this digital future.
Creating unlimited educational opportunities with VR -
Environmental impact
Progress must never hurt our planet.
Increased manufacturing can increase our environmental impact. Win the race responsibly
Using emerging technologies for more sustainability
- Security
- Data privacy
- Human-machine interactions
- Trust & transparency
- Governance
- Job creation & education
- Environmental impact
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Realizing the digital future
Our research has shown that technology has the potential to redraw our economy for the better by 2030. However, a friction-free economy is not guaranteed. To realize these forecasts, organizations will need to lay the groundwork for their digital future today.
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