Dell Technologies has recently launched its report named “Future of the Economy”, in partnership with Institute for the Future (IFTF) to explore how the emerging technologies will reshape our economy over the next decade. 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’.
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. It builds on Dell Technologies and IFTF’s debut research report in 2017 forecasting the next era of human-machine partnerships.
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. They’ll then find a remedy – autonomously
- Shift 2: Anticipatory Production—Meeting Demand On The Fly – On-demand manufacturing will become the norm. Innovation will be democratized and barriers to creating and commercializing products will recede. We’ll witness the rise of ‘meta-making’ – people with limited resources manufacturing complex things and marketing them to a global audience.
- 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. Emerging economies will leapfrog others, held back by aging physical infrastructures.