MEGATRENDS: 1ST EDITION

MEGATREND #1

Make Space for A.I

The race to make an adaptive, free-flowing computing mind is going at an exponential rate where scientists started asking, “Should we slow down and think about this?” This notion came after Google’s in-house developed A.I managed to defeat five best Go-players, something that experts thought won’t be possible for at least 10 more years.

Then came Elon Musk’s OpenAI that managed to defeat 5 world’s best DOTA2 players, a game that have more complexities than the traditional Go game. Questions on the ethics and morality of developing sentient computers are being debated but recently, the topic has been pushed into the limelight when the likes of Elon Musk and Stephen Hawkings started to throw caution to the wind of the dangers of AI.

Nonetheless, A.I is progressing rapidly and it is always a question of which country will be the first to make it. Google Former CEO Eric Schmidt even said that the USA might fall behind the rising China’s progress in A.I development within 5 years. Main industrial gainers: banking, security and cybersecurity, market intelligence, and possibly education.

MEGATREND #2

Exponential Growth of Deep Tech

Deep Tech startups look at existing technologies and available libraries, aiming to challenge the status quo. They affect changes across the landscape without being visibly prominent (unless you are the type that follow such startups). Deep technology startups often share the following qualities:
● Developed from years of research and lab testing;

● Ownership of patents and other valuable forms of intellectual property (IP);
● Technical board of advisors in additional to the board of business advisors. Prime example of Deep Tech trend is the demerger of Google Inc. into Alphabet Inc. as the parent company whereby giving more autonomy for Google as a subsidiary

and more opportunities for Alphabet to venture into different markets (like Calico Labs or Waymo).

Best industrial gainers for Deep Tech would be in: Life Sciences, Aerospace, Clean Energy, Robotics, Agrotech, Chemistry and Biochemistry, Biology, and Computing.

MEGATREND #3

The Categorical Blur

As economists and futurists are talking on the coming of the 4th industrial revolution, an on-going challenge is also on the horizon: the increasing blurring of boundaries for industries. These so-called boundaries traditionally define the progress of individual business through standard classifications of industries. However, as the global market evolves and conventional business models dissolve,

the instability and complexity of categorising economics have become more prominent and daunting.

This trend was then first discussed at Oxford in 1995 for the telecommunications industry and in 2015, Deloitte published an article that touched on this trending phenomenon and how it is disrupting the business ecosystem.

We can also contribute the progress of computing developments as part of the cause to this megatrend as computers allowed possiblities of a singular business that operates in its sole industry to venture into different business offerings and industries.
Major industrial losers: Public Governance and Education as these sectors are rigidly reliant with industry classes and standards.

`

MEGATREND #4

The Race for Space

There is a saying that the next big thing is in outer space, the final frontier. Due to NASA’s years of experiences and open transparency, many other space agencies around the world have learnt from NASA’s challenges, progresses and mistakes to play catch-up. Agencies such as UK Space Agency, European Space Agency, Space Research Institute of Saudi Arabia, China National Space Administration, and Indian Space Research Organisation

all shown strides in recent years. Indian Space Research Organisation (INSO) has set a benchmark of launching 104 satellites in one go. Furthermore, Japan launches its fourth satellite for high-precision GPS in enabling their goal of guided autonomous driverless vehicles.

All of this is possible stemmed by NASA’s mission for openness and transparency.

SpaceX, in particular, is looking to colonise Mars by 2024 with an aspiring goal of cargo mission by 2022 through financing the Mars mission by providing Earth-to-Earth (E2E) transportation; their latest rocket that transports people anywhere on Earth within 29 minutes.

Main industrial losers (if E2E gets off the group) will be the Airlines and the Logistics industries.

MEGATREND #5

China's Diasporic Influence

The China’s dominance has now physically grown through the Chinese diaspora as the people of China is looking at moving into untapped markets all around the world. Best seen in Egypt where the Chinese community has grown to over 10, 000 people; it strengthened the commercial relationship of the two countries through fundings of the new Egypt Financial and Administration Districts near Cairo.

As reported by Al-Jazeera, if projects like the new administrative capital and its rail link that worth billions of dollars materialise, commercial ties between the two countries will continue to grow, as will the Chinese community in Egypt. However, not all migrations of the Chinese into foreign countries are well accepted. Take Africa for example.

Most Africans view the entry of China (and its people) as another form of colonisation and exploitation, especially amidst the recent discoveries of gold and oil in the African region. Nonetheless, the pull of Africa’s rich mineral and energy Resources couldn’t slow down the Chinese diaspora. The diversity and evolution of culture is imminent in the next decade as China gains dominance.