Technologies

• By 2021, the biometrics market will reach $30 billion and shift its revenue focus, moving away from the governmental sector to emphasize opportunities in the consumer and banking sectors.
• Industrial Revolution 4.0 will be shaped by a fresh wave of innovation in areas such as driverless cars, smart robotics, materials that are lighter and tougher.
• The global wireless connectivity market, excluding cellular connectivity, to reach more than 10 billion annual IC shipments by 2021.
• Fog computing will become the innovation to dramatically raise the value generated by the Internet and the computing power.
• Budgeting, facilitated payment and a variety of other unique challenges will be addressed by tools that utilize data and learning.
• Basic health care will become more available and innovation will become more common in emerging markets.
• Device evolution and application innovation will continue to drive the exponential growth in demand for personalized mobile broadband in the next decade.
• AI will fundamentally disrupt content producers, consultancy and research firms

Customers

• Greater speed, value,innovation, and closer alignment with demanding customers will be the new normal.
• Device evolution and application innovation will continue to drive the exponential growth in demand for personalized mobile broadband in the next decade.
• The next wave of innovation will focus on creating a full suite of services utilizing AI to drive financial health and literacy.
• VR headsets will take people to places they could never visit because of cost issues or feasibility.

Players

Economics will force companies towards more open innovation.

• 29% see China achieving a "top 3 global contributor" role by 2025 in global drug innovation, while 62% believe that China will need to settle for a "solid 2nd tier player" position.
• EU authorities will invest €500 million to set up digital innovation hubs in technical universities and research organisations across European regions.
• Innovation will be a prerequisite to leadership across all elements of national power.
• Dual-SIM growth will drive innovation from MVNOs.
• Technology innovation will always outpace regulatory and standards bodies who want to freeze-frame it in order to put their stamp on it.
• Incumbent carriers are asleep at the wheel of innovation and will likely stay asleep for the next few years.
• Revolutionary innovations will abound as crowdfunding empowers the masses to turn their ideas into reality.
• Achieving a Digital Single Market that supports innovation and empowers businesses to understand and use data will benefit businesses across the economy.
• By 2018, analytic applications aligned with the IoT will result in a 15% productivity improvement for manufacturers in terms of innovation delivery and supply chain performance.
• Platform directors will need to establish and manage governance models that strike a balance between enabling open innovation.
• In an increasingly urban world, digital technologies and big data will be critical for creating tomorrow's citizen-centric City Hall.
• Established FIs will need to experiment with new business arrangements (such as partnerships and joint ventures) to gain access to the talent and the innovation needed to pinpoint game-changing products.

Litigation

• The rise in patent litigation could reflect growth in the commercialization of technology and innovation.

Arts

• Digital intervention in classical music could open the world of music for hitherto uninitiated with the requisite tools for appreciation and innovation.

Enterprise

• Awareness campaigns, norms and scientific communication could encourage the uptake of innovation.
• More than 20% of the traditional financial services market share could be lost to disruptive new players in the next five years.
• There could be a Global 2000 company within 10 years that has no full-time employees.

Drivers
markets · technology · businesses · business schools · global gdp · competition · costs · revenues

Athena's forecast (robot generated from verbatim forecasts)

• Start year: Ongoing
• Likely Tipping point: Ongoing
• Likely End year: Ongoing
• Likely Impact $: Trillions
• Likelihood: 90%
• Regions affected: Global
• Most affected sectors: Energy, Transport, Healthcare, Telecommunications, Banking, Construction, Technology, Education
  

Questions (New Service)

What future opportunities and risks could arise for your organization from advances in 'Innovation'? Develop your answer and response here.

• What innovations are you most excited about?
• Which innovations will deliver the greatest business value?
• How should we respond to the quickening pace of innovation?

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