March 24, 2020

Emerging economies will leapfrog others

This report offers insights around how the emerging technologies such as – 5G, IoT, AI, Blockchain possess the potential to enable large-scale shifts that could transform the future of the economy by 2030, allowing individuals, organizations and governments to collaborate more seamlessly and unlock new sources of revenue and inclusion.According to the IFTF report, organizations will need to overcome a few dilemmas in the coming decade, including security threats; data privacy; governance and trust & transparency.


The next era of human-machine collaboration, powered by the new-age technologies are not only being talked about in closed rooms or for research purposes,they have transformed into global discussions points.From an Indian perspective, businesses like Chitale Diary, MapMyGenome, Antara Foundation are some of the leading examples where companies have utilized emerging technologies like IoT etc.The report is the first instalment of a three-part series with IFTF exploring how emerging technologies could change our lives, work and the economy over the next decade. We’ll witness the rise of ‘meta-making’ - people with limited resources manufacturing complex things and marketing them to a global audience..0 will move the world towards an economy without external boundaries or frictions. Innovation will be democratized and barriers to creating and commercializing products will recede.The collaboration will reduce frictions and create new digital marketplaces. For instance, at the World Economic Forum 2019 the central focus was around Digital Transformation which will be driven by emerging technologies. Dell Technologies has recently launched its report named "Future of the Economy”, in partnership with Institute for the Future China large capacity automatic filling machine detailss Suppliers (IFTF) to explore how the emerging technologies will reshape our economy over the next decade.

Three shifts towards a friction-free economy:IFTF predicts that there would be three key shifts that would pave the way towards the friction-free economy by 2030:Shift 1: Autonomous Commerce—Machines as Consumers - Machines will evolve into consumers, using a mix of sensors, software updates, and AI to sense when they, and the people they serve, are functioning sub-optimally. The global leaders present at the forum discussed how globalization 4.Shift 3: Leapfrog Economies – Unlocking inclusive opportunities - Technical advances will unlock opportunities for inclusive development and lift millions of people out of poverty by enabling all people to document their identity and generate new sources of revenue.Today, technology is driving human progress and the interwoven partnership between humans and machines has opened up new opportunities for organizations across the globe.This report builds on the organizations’ collaboration in 2017 with IFTF, when IFTF distilled informed opinions from 20 experts from around the world to forecast the ‘next era of human-machine partnerships’. It builds on Dell Technologies and IFTF’s debut research report in 2017 forecasting the next era of human-machine partnerships. IFTF distilled informed opinions from 20 experts from around the world to forecast the ‘next era of human-machine partnerships’. 

Emerging economies will leapfrog others, held back by aging physical infrastructures. They’ll then find a remedy – autonomouslyShift 2: Anticipatory Production—Meeting Demand OnThe Fly -On-demand manufacturing will become the norm. Making the most of the opportunities of 2030, will require a degree of urgency and preparedness by individuals and organizations, to achieve a friction-free economy by 2030. for their business growth

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