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REALIZING 2030
The future of the economy

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 years. 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

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 Report > The Future of the Economy at a Glance >

Autonomous commerce

Machines will evolve into consumers. They’ll use a mix of sensors, software and AI to assess the needs of the people they serve.

Anticipatory production

Long production cycles will be transformed by micromanufacturing, over-the-air software updates and the work of enthusiast communities and innovators.

Leapfrog economies

Technical advances will enable smaller economies around the world that are unburdened by old, outdated systems, to leap forward.
Making Robots a Reality 1
Making Robots a Reality 1

AUTONOMOUS COMMERCE Machines as consumers

Machines’ shift, from unconnected tools to consumers will be profound. Advances in smart distributed ledgers and AI will enable machines to fulfill human tasks. Intelligent objects will shop and compare products based on quality and cost, as humans do. Laundry machines will negotiate with other appliances to prioritize hot water use, detect maintenance issues and even hire local contractors to resolve issues, if needed.

70% of business leaders would welcome people partnering with machines/robots to surpass our human limitations

Advanced technology powers Draper to solve the world's toughest problems
Advanced technology powers Draper to solve the world's toughest problems

Anticipatory production Demand on-the-fly

On-demand manufacturing will become the norm. Technology will enable us to turn defects into improvements in real time based on customer feedback and predictivity. 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 and marketing their outputs to a global audience.

77% of business leaders will use emerging tech to predict customer demand

 

Revolutionizing India’s Rural Healthcare Through Technology
Revolutionizing India’s Rural Healthcare Through Technology

Leapfrog economies Unlocking inclusive opportunities

Emerging technology will help less developed economies overtake others with aging infrastructures by offering new ways to create value and go to market. Distributed ledgers will empower the disenfranchised to document their identities and participate in the formal economy. A new, more inclusive world order could emerge.
54% in emerging markets would transact more via blockchain (compared to 41% in developed markets)

Five technologies shaping the economic future

5G & 6G

5G/6G will deliver hyper-fast wireless connectivity, virtually eliminating network delays.

AI

AI will transform everything – from targeted product creation to rapid authentications and better decision-making.

Cryptocurrencies

Cryptocurrency will be a global payment alternative, that is less prone to fraud and settles immediately.

IoT

IoT will generate powerful data insights to better anticipate customer needs.

Blockchain

Blockchain will provide an immutable, transparent data storage mechanism.

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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