PWC have identified the following five global secular trends changing the way we live and do business:
- Rapid urbanisation
- Climate change and resource scarcity
- Shift in global economic power
- Demographic and social change
- Technological breakthrough
These tectonic shifts will potentially have significant impact on business and institutions over the next twenty years. Some will adapt and benefit from the magma of innovation, finding their place in the new world, others will be held back by their legacy and be swallowed unto the sea.
Rapid urbanisation will lead to the creation of megacities, vast glass & concrete jungles populated by tens of millions. Governing and managing these cities will require increased “smarts”, multi-domain information sharing & situational awareness across land, sea, air, space and cyber domains will be necessary. Understanding in-the-moment, modelling and reasoning of dynamic changes to city resources from utility digs and intelligent lighting to emergency response and stadium sized construction projects.
Climate change and resource scarcity
Climate change and resource scarcity will see market consolidation and an ever increasing reliance on a trustworthy supply chain. Once the hype of the Internet of Things has plateaued and individual organisations have minimally gained from its existence, a second phase of its development will begin. Increased resource scarcity will see the need for safe & secure sharing of IoT assets and data within and between organisations.
The sharing of data and resources in a way that preserves consent and privacy of citizens and firms, whilst allowing producer-processor-consumer supply chains will create new business opportunities, where a scarcity of resources prevails, data will become the currency to be traded. This revised Internet of Things will also be aware of its use and exploit behavioural analysis to optimise its climate impact, powering down to conserve energy.
Shift in global economic power
As the global economy rebalances, supply chains and the information systems that support them will need to be more agile and adaptable, partners might be swapped far more frequently across the globe, whilst the legal consequences of this alone might be daunting, unless the technological underpinnings are not in place to support the dynamic and safe exchange of data between internal and external silos, then the business’ agility will be held back by partner A’s technology not interfacing with partner B’s.
Demographic and social change
The age distribution of the world’s populations is becoming increasingly skewed towards the third generation, this creates two fiscal challenges, an increasing social and healthcare budget and a decrease in the total population that are of a working age. These compounding issues will necessitate a “do more with less” requirement for businesses, cities and governments. The world will look towards new and increased adoption of technology to meet the needs of a changing society.
However, an over-reliance on technology will create new opportunities for crime, if there are fewer humans in the loop, then there is an increased opportunity for collusion and fraud. Therefore cyber resilient platforms that can support the correct, safe & secure integration of technology and exchange of data are absolutely needed to support this changing world.
The pace of technological change seems to only be increasing, with renewed efforts to return to the moon, reach Mars, the availability of reusable & single stage to orbit spacecraft and micro-satellites, we can only expect this space-bound ambition to drive technological advancement and automation at a greater pace. This is will have a trickle down effect on other industries and wider society. Therefore the ability to rapidly connect and integrate new technologies, lines of businesses and partners will determine those that succeed and dominate in business and create a better tomorrow.
Configured Things was founded on a long-term vision for where society is heading, its founders committed to personally investing in its intersection with the world’s socio-technological trajectory.
Configured Things seeks to “federate” the world, creating a safe space for the interconnection and exchange of the world’s silos of systems and data. We believe well configured systems are safe systems, systems that can be trusted, systems onto which a trustworthy exchange of data can be established.
Imagine a world, where silos still exist, but which allow the controlled, policy-based & audited sharing of information – enabling businesses, citizens and institutions to exchange information in the moment.
Configured Things was established in 2018; its founders having extensive experience in networking, systems management & cyber security; past experience includes working for multiple startups and a collective 30+ years in HP Labs.
In 2018 and 2019, with our appetite for success and grand vision, our development was selected for fast-tracking by the UK Government’s National Cyber Security Centre, being awarded a place on its coveted cyber accelerator.
Configured Things seeks to be the vanguard into this well configured, more trustworthy, data-rich world that can benefit all.