SlideShare a Scribd company logo
HP has formalized our analysis and forecasting process into a body of work, released annually, we call Megatrends, a
systematic effort to identify the global technological, economic and social currents that are influencing how people will live and
work around the world for years to come.
Why HP looks at Megatrends
The amount of change happening in the world today is accelerating, creating a continuous challenge for how companies stay
ahead of it all, decide where to invest, think about the future, and innovate in ways that enable them to do the disrupting,
instead of being the ones disrupted. How we manage all this change in an effort to stay ahead requires a keen understanding of
the global forces that will shape our human experiences and our business decisions long into the future. At HP we call these
megatrends. Megatrends in combination with extensive research into disruptive technologies on the rise give us a clearer view
of what potentially lies ahead, and new opportunities for HP, our customers, and our partners.
What are megatrends?
Megatrends are major socioeconomic, demographic and technological shifts that will have a sustained, transformative impact
on the world in the years ahead—on businesses, societies, economies, cultures and our personal lives. They will impact our
experience at home, work and on the go. At HP, we’ve identified four major megatrends—Rapid Urbanization, Changing
Demographics, Hyper Globalization, and Accelerated Innovation—that we believe will have the greatest long-term impact on
our customers, partners, and our own business.
How does HP use megatrends?
Our vision at HP is to create technology that makes life better for everyone, everywhere. To engineer experiences that amaze.
Not just for today, but for years to come. Megatrends offer us insights into where the future is heading, helping us to create new
experiences and solutions for our customers and partners that are representative of the rapidly changing world they live and
work in. Each year we put a variety of lenses on our four key megatrends, evaluating global political, economic, environmental,
and social influences; new disruptive technologies on the horizon; as well as core assumptions around market outlooks,
industry directions and emergent customer needs.
This year’s report [what’s new]
The 2019 HP Megatrends Report explores global, regional and metro income trends, urbanization’s impact on these trends, the
resulting rise of new metro-based economic powerhouses, and the role of automation and education in meeting labor market
challenges driving changing demographics and growing economies. Additional research explores how increasing incomes are
putting a strain on our energy resources and what role technologies such as 3D printing, Software 2.0 and Edge Computing
could play in helping to drive to greater efficiencies benefiting customers, industries, and the planet.
We started this year by looking at socioeconomic data and consulted with leading economists to uncover trends that our
society is most likely to encounter in coming years. Looking at economic data from rural areas to large megacities across the
globe, we were able to understand where disposable incomes were expected to rise over the coming decades and what that
could mean to markets and labor forces of the future.
As more and more people move to cities we are seeing a direct correlation to economic growth and rising average household
incomes and spending. Cities of all sizes, especially large and megacities—populations of 10M or more—are seeing some of
the steepest rise in income and global domestic product (GDP) growth.
Source: https://www.brookings.edu/wp-content/uploads/2018/06/Brookings-Metro_Global-Metro-Monitor-2018.pdf
Cities in both developed and emerging markets are projected to see rapid growth. With cities in the Asia region expected to see
some of the sharpest increases in household income by 2035. Our analysis finds that Asian workers, on average, will have seen
their average household disposable income more than triple from 2001 to 2035 in constant 2015 dollars.
Some cities are becoming markets in and of themselves. Jakarta, for example is expected to grow its average household
income to a level exceeding many developed and western cities.
Cities in many emerging economies are starting to look like cities in developed economies. This isn’t limited to megacities,
Indonesia’s 16th largest city, Ujung Pandang will start to have an economy that will look very similar to developed western cities
like Chicago and Kansas City.
HP Megatrends: 2019 Update
Incomes are rising especially fast throughout much of Asia, which is expected to drive two thirds of total global growth in
income from now to 2035. Growth will come from many cities of many sizes, with an outsized share coming from China, India,
and Indonesia where the aggregate amount of incremental income will grow by roughly 2x by 2035.
All three regions are expected to experience growth in average household income. By 2035 global income growth is forecast to
add $23.2T just from cities with over 1M people. About $15.6T of this will come from cities in Asia.
From 2010 to today, we see the rise of India and China. This continues towards 2035, but we also see the surge of growth in
Southeast Asia, and places like Indonesia. Jakarta, the large blue bubble at the bottom, is forecast to have the largest
household income in all of Asia.
HP Megatrends: 2019 Update
Across the globe most individual income comes from salaries and wages related to jobs. And there is a very close relation
between education, labor supply, wages and this personal income, which drive GDP across the world.
Source: Oxford Economics, The World Bank, Bruce Blonigen – Philipp H. Knight Professor of Economics & Social Sciences, and Dean – University of Oregon
To sustain this growth, we will need more economic productivity from everyone in the workforce. Technology advancements
will help to combat labor shortages and assist in the education and reskilling of new workers.
By 2030, demand for skilled workers will outstrip supply in nearly all major parts of the world – to an estimated 85M person
talent gap.
Source: Korn Ferry, Future of Work: The Global Talent Crunch (2018)
The labor gap may accelerate the pace of automation and automation may in some ways in some places change the
composition of the labor force and nature of gap itself. On a global level today, across all industries, machines perform about
29% of all work task hours, a figure expected to rise to 42% by 2022. The more routine the work task, the more addressable it
is by automation. Automation is critical to helping not just fill the labor gap, but shift labor from performing routine tasks to
performing more high-skilled, higher wage tasks.
There are examples of automation being used already to increase productivity and free up labor in high skill jobs. One example
is how HP Customer Support is offering chat support for the HP Instant Ink products. A virtual agent was developed to manage
inbound customer chat sessions. This has resulted in a 95% savings per chat event and increases in solving customer problems
Economists have long recognized that education levels matter quite a bit for income and economies. Reengineering business
processes with automation requires reskilling and education of the associated workforce as new types of skills and potentially
higher-wage jobs are required to capture the full benefits from automation.
Source: Bruce Blonigen, Philip H. Knight Professor of Economics & Social Sciences & Dean, University of Oregon
HP Megatrends: 2019 Update
People, machines, data, and energy are now so deeply connected to each other that creating a better future will require finding
the balance between them all
Rising incomes drive increasing consumption which in turn results in growing energy usage. India is a great example, where it’s
300 mils strong middle class or “haves” are expected to rise to 700 mils by 2035, and their air conditioning needs alone are
expected to require 300 new power plants, or 2x India’s current energy supply.
As energy use surges so do emissions, driving significant growth in greenhouse gas emissions, against a backdrop of
increasingly dire climate science predictions.
Source: https://www.eia.gov/todayinenergy/detail.php?id=33772
HP Megatrends: 2019 Update
Technological advancements like additive manufacturing, edge computing, and 5G networks will maximize energy efficiency
and meet the growing demands of tomorrow’s society.
This energy strain is not just from more devices but from the data they collect by sensing their operations and environment. By
2025, the energy cost of transmitting data from these devices, that sit at the edge out in the everyday world, to the cloud will
be unsustainable .Based on current electricity rates, it would take 113% of total global GDP to pay for transmitting the data and
32x the world’s current electricity production. Keeping computational processing at the local device limits demand and drives
more energy efficiency.
Consider Pratt & Whitney’s Geared Turbo Fan (GTF) jet engines. Each achieves a 16% improvement in fuel efficiency and 75%
reduction in noise by using 5,000 on-device sensors to produce 10 GB of feedback data per second. This data is used to
monitor, maintain and improve engine safety and performance.
HP Megatrends: 2019 Update
And finally, as we are faced with increased consumption from rising incomes, manufacturing must also become more energy
efficient as it currently makes up 1/3rd of the world’s energy use. Shifting from traditional design, manufacturing and use
models to integrated 3D-enabled design-to-print leveraging additive manufacturing and Industry 4.0 processes could drive up
to 25% in global energy savings.
HP Megatrends: 2019 Update
Megatrends will impact industries and business in a variety of ways:
• Impacting people, workforces, labor availability and supply, and the geographic or locational nature of it all
• Impacting the Tools and Processes used to run operations competitively and efficiently
• Impacting current and future Customers, as well as the Products developed to meet their needs
• Impacting how and where you Go-to-Market, as well as the changing nature of Business Models available and effective to
deliver value that resonates with customers.
While we can’t predict the future, megatrends can help show us the way.
HP Megatrends: 2019 Update

More Related Content

What's hot

Transforming the industry that transformed the world
Transforming the industry that transformed the worldTransforming the industry that transformed the world
Transforming the industry that transformed the world
accenture
 
Digital Ecosystems
Digital EcosystemsDigital Ecosystems
Digital Ecosystems
Teemu Arina
 
How enterprise networks can boost Cloud Continuum experience
How enterprise networks can boost Cloud Continuum experienceHow enterprise networks can boost Cloud Continuum experience
How enterprise networks can boost Cloud Continuum experience
accenture
 
Platform Shift: How New Business Models Are Changing the Shape of Industry
Platform Shift: How New Business Models Are Changing the Shape of IndustryPlatform Shift: How New Business Models Are Changing the Shape of Industry
Platform Shift: How New Business Models Are Changing the Shape of Industry
Marshall Van Alstyne
 
Fjord Trends 2022: Communications Industry
Fjord Trends 2022: Communications IndustryFjord Trends 2022: Communications Industry
Fjord Trends 2022: Communications Industry
accenture
 
The Industrialist: Trends & Innovations - May 2022
The Industrialist: Trends & Innovations - May 2022The Industrialist: Trends & Innovations - May 2022
The Industrialist: Trends & Innovations - May 2022
accenture
 
High Tech Digital Transformation
High Tech Digital TransformationHigh Tech Digital Transformation
High Tech Digital Transformation
accenture
 
OgilvyRED The Future of Work by Jess Kimball Leslie
OgilvyRED The Future of Work by Jess Kimball Leslie OgilvyRED The Future of Work by Jess Kimball Leslie
OgilvyRED The Future of Work by Jess Kimball Leslie
Ogilvy Consulting
 
Resiliance. Relevance. Agility.
Resiliance. Relevance. Agility.Resiliance. Relevance. Agility.
Resiliance. Relevance. Agility.
accenture
 
Digitizing Business Services
Digitizing Business ServicesDigitizing Business Services
Digitizing Business Services
accenture
 
The Changing Joule Dynamic | Accenture
The Changing Joule Dynamic | AccentureThe Changing Joule Dynamic | Accenture
The Changing Joule Dynamic | Accenture
accenture
 
The Reinvention Reset | Accenture
The Reinvention Reset | AccentureThe Reinvention Reset | Accenture
The Reinvention Reset | Accenture
accenture
 
The essential elements of a digital transformation strategy
The essential elements of a digital transformation strategyThe essential elements of a digital transformation strategy
The essential elements of a digital transformation strategy
Marcel Santilli
 
Accenture Communications Industry Narrative Trend Shifts Signals
Accenture Communications Industry Narrative Trend Shifts SignalsAccenture Communications Industry Narrative Trend Shifts Signals
Accenture Communications Industry Narrative Trend Shifts Signals
accenture
 
70+ Digital Transformation Statistics
70+ Digital Transformation Statistics 70+ Digital Transformation Statistics
70+ Digital Transformation Statistics
SantokuPartners
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023
accenture
 
Accenture Tech Vision 2020 - Overview
Accenture Tech Vision 2020 - OverviewAccenture Tech Vision 2020 - Overview
Accenture Tech Vision 2020 - Overview
accenture
 
Virtual Property vs. Digital Twin
Virtual Property vs. Digital TwinVirtual Property vs. Digital Twin
Virtual Property vs. Digital Twin
Tero Järvinen
 
Digital Transformation: What it is and how to get there
Digital Transformation: What it is and how to get thereDigital Transformation: What it is and how to get there
Digital Transformation: What it is and how to get there
Econsultancy
 
Industry 4.0: Merging Internet and Factories
Industry 4.0: Merging Internet and FactoriesIndustry 4.0: Merging Internet and Factories
Industry 4.0: Merging Internet and Factories
Fabernovel
 

What's hot (20)

Transforming the industry that transformed the world
Transforming the industry that transformed the worldTransforming the industry that transformed the world
Transforming the industry that transformed the world
 
Digital Ecosystems
Digital EcosystemsDigital Ecosystems
Digital Ecosystems
 
How enterprise networks can boost Cloud Continuum experience
How enterprise networks can boost Cloud Continuum experienceHow enterprise networks can boost Cloud Continuum experience
How enterprise networks can boost Cloud Continuum experience
 
Platform Shift: How New Business Models Are Changing the Shape of Industry
Platform Shift: How New Business Models Are Changing the Shape of IndustryPlatform Shift: How New Business Models Are Changing the Shape of Industry
Platform Shift: How New Business Models Are Changing the Shape of Industry
 
Fjord Trends 2022: Communications Industry
Fjord Trends 2022: Communications IndustryFjord Trends 2022: Communications Industry
Fjord Trends 2022: Communications Industry
 
The Industrialist: Trends & Innovations - May 2022
The Industrialist: Trends & Innovations - May 2022The Industrialist: Trends & Innovations - May 2022
The Industrialist: Trends & Innovations - May 2022
 
High Tech Digital Transformation
High Tech Digital TransformationHigh Tech Digital Transformation
High Tech Digital Transformation
 
OgilvyRED The Future of Work by Jess Kimball Leslie
OgilvyRED The Future of Work by Jess Kimball Leslie OgilvyRED The Future of Work by Jess Kimball Leslie
OgilvyRED The Future of Work by Jess Kimball Leslie
 
Resiliance. Relevance. Agility.
Resiliance. Relevance. Agility.Resiliance. Relevance. Agility.
Resiliance. Relevance. Agility.
 
Digitizing Business Services
Digitizing Business ServicesDigitizing Business Services
Digitizing Business Services
 
The Changing Joule Dynamic | Accenture
The Changing Joule Dynamic | AccentureThe Changing Joule Dynamic | Accenture
The Changing Joule Dynamic | Accenture
 
The Reinvention Reset | Accenture
The Reinvention Reset | AccentureThe Reinvention Reset | Accenture
The Reinvention Reset | Accenture
 
The essential elements of a digital transformation strategy
The essential elements of a digital transformation strategyThe essential elements of a digital transformation strategy
The essential elements of a digital transformation strategy
 
Accenture Communications Industry Narrative Trend Shifts Signals
Accenture Communications Industry Narrative Trend Shifts SignalsAccenture Communications Industry Narrative Trend Shifts Signals
Accenture Communications Industry Narrative Trend Shifts Signals
 
70+ Digital Transformation Statistics
70+ Digital Transformation Statistics 70+ Digital Transformation Statistics
70+ Digital Transformation Statistics
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023
 
Accenture Tech Vision 2020 - Overview
Accenture Tech Vision 2020 - OverviewAccenture Tech Vision 2020 - Overview
Accenture Tech Vision 2020 - Overview
 
Virtual Property vs. Digital Twin
Virtual Property vs. Digital TwinVirtual Property vs. Digital Twin
Virtual Property vs. Digital Twin
 
Digital Transformation: What it is and how to get there
Digital Transformation: What it is and how to get thereDigital Transformation: What it is and how to get there
Digital Transformation: What it is and how to get there
 
Industry 4.0: Merging Internet and Factories
Industry 4.0: Merging Internet and FactoriesIndustry 4.0: Merging Internet and Factories
Industry 4.0: Merging Internet and Factories
 

Similar to HP Megatrends: 2019 Update

The hyperconnected economy: executive summary
The hyperconnected economy: executive summaryThe hyperconnected economy: executive summary
The hyperconnected economy: executive summary
The Economist Media Businesses
 
riset huawei in collaboration with oxford economics
riset huawei in collaboration with oxford economicsriset huawei in collaboration with oxford economics
riset huawei in collaboration with oxford economics
Rein Mahatma
 
Wef future of_jobs_2020
Wef future of_jobs_2020Wef future of_jobs_2020
Wef future of_jobs_2020
batnyambattulga2
 
Wef future of_jobs_2020
Wef future of_jobs_2020Wef future of_jobs_2020
Wef future of_jobs_2020
Monoranjan Roy
 
WEF future of jobs 2020
WEF future of jobs 2020WEF future of jobs 2020
WEF future of jobs 2020
Andrey Burlutskiy
 
World Economic Forum Report: The Future of Jobs
World Economic Forum Report: The Future of JobsWorld Economic Forum Report: The Future of Jobs
World Economic Forum Report: The Future of Jobs
NGA Human Resources
 
PwC | AI Analysis, Sizing the Prize
PwC | AI Analysis, Sizing the PrizePwC | AI Analysis, Sizing the Prize
PwC | AI Analysis, Sizing the Prize
Alejandro Franceschi
 
Pwc AI analyse
Pwc AI analysePwc AI analyse
Pwc AI analyse
Bo Simon Larsen
 
2014_Trends_Global_Engagement_v11_lr
2014_Trends_Global_Engagement_v11_lr2014_Trends_Global_Engagement_v11_lr
2014_Trends_Global_Engagement_v11_lr
Jessie Leisten
 
Internet matters: The Nets sweeping impact on growth, jobs, and prosperity.
Internet matters: The Nets sweeping impact on growth, jobs, and prosperity. Internet matters: The Nets sweeping impact on growth, jobs, and prosperity.
Internet matters: The Nets sweeping impact on growth, jobs, and prosperity.
DLD
 
Institute of Directors Future of Technology Report
Institute of Directors Future of Technology ReportInstitute of Directors Future of Technology Report
Institute of Directors Future of Technology Report
Ed Dodds
 
Mckinseyglobalinstitueinternetmattersthenetssweepingimpactongrowthjobsandpros...
Mckinseyglobalinstitueinternetmattersthenetssweepingimpactongrowthjobsandpros...Mckinseyglobalinstitueinternetmattersthenetssweepingimpactongrowthjobsandpros...
Mckinseyglobalinstitueinternetmattersthenetssweepingimpactongrowthjobsandpros...
Mathi Vanan
 
Internet matters: The Net’s sweeping impact on growth,jobs, and prosperity ( ...
Internet matters: The Net’s sweeping impact on growth,jobs, and prosperity ( ...Internet matters: The Net’s sweeping impact on growth,jobs, and prosperity ( ...
Internet matters: The Net’s sweeping impact on growth,jobs, and prosperity ( ...
Julius Trujillo
 
Mckinseyandcompany internetmatters-110524210549-phpapp02
Mckinseyandcompany internetmatters-110524210549-phpapp02Mckinseyandcompany internetmatters-110524210549-phpapp02
Mckinseyandcompany internetmatters-110524210549-phpapp02
Wipro Infotech
 
Internet Impact on Global GDP - Worldwide Statistics
Internet Impact on Global GDP - Worldwide StatisticsInternet Impact on Global GDP - Worldwide Statistics
Internet Impact on Global GDP - Worldwide Statistics
Vaibhav Agarwal
 
Global Futures Forecast 2013
Global Futures Forecast 2013Global Futures Forecast 2013
Global Futures Forecast 2013
James Canton
 
WEF World Economic Forum Jobs of tomorrow 2020
WEF World Economic Forum Jobs of tomorrow 2020WEF World Economic Forum Jobs of tomorrow 2020
WEF World Economic Forum Jobs of tomorrow 2020
David Martinez Calduch
 
Understanding the signals
Understanding the signalsUnderstanding the signals
Understanding the signals
Carlos Cruz
 
Global Business Trends to Follow in 2022 | CIOLOOK
Global Business Trends to Follow in 2022 | CIOLOOKGlobal Business Trends to Follow in 2022 | CIOLOOK
Global Business Trends to Follow in 2022 | CIOLOOK
CIO Look Magazine
 
Asia Rising: Digital Driving
Asia Rising: Digital DrivingAsia Rising: Digital Driving
Asia Rising: Digital Driving
Cognizant
 

Similar to HP Megatrends: 2019 Update (20)

The hyperconnected economy: executive summary
The hyperconnected economy: executive summaryThe hyperconnected economy: executive summary
The hyperconnected economy: executive summary
 
riset huawei in collaboration with oxford economics
riset huawei in collaboration with oxford economicsriset huawei in collaboration with oxford economics
riset huawei in collaboration with oxford economics
 
Wef future of_jobs_2020
Wef future of_jobs_2020Wef future of_jobs_2020
Wef future of_jobs_2020
 
Wef future of_jobs_2020
Wef future of_jobs_2020Wef future of_jobs_2020
Wef future of_jobs_2020
 
WEF future of jobs 2020
WEF future of jobs 2020WEF future of jobs 2020
WEF future of jobs 2020
 
World Economic Forum Report: The Future of Jobs
World Economic Forum Report: The Future of JobsWorld Economic Forum Report: The Future of Jobs
World Economic Forum Report: The Future of Jobs
 
PwC | AI Analysis, Sizing the Prize
PwC | AI Analysis, Sizing the PrizePwC | AI Analysis, Sizing the Prize
PwC | AI Analysis, Sizing the Prize
 
Pwc AI analyse
Pwc AI analysePwc AI analyse
Pwc AI analyse
 
2014_Trends_Global_Engagement_v11_lr
2014_Trends_Global_Engagement_v11_lr2014_Trends_Global_Engagement_v11_lr
2014_Trends_Global_Engagement_v11_lr
 
Internet matters: The Nets sweeping impact on growth, jobs, and prosperity.
Internet matters: The Nets sweeping impact on growth, jobs, and prosperity. Internet matters: The Nets sweeping impact on growth, jobs, and prosperity.
Internet matters: The Nets sweeping impact on growth, jobs, and prosperity.
 
Institute of Directors Future of Technology Report
Institute of Directors Future of Technology ReportInstitute of Directors Future of Technology Report
Institute of Directors Future of Technology Report
 
Mckinseyglobalinstitueinternetmattersthenetssweepingimpactongrowthjobsandpros...
Mckinseyglobalinstitueinternetmattersthenetssweepingimpactongrowthjobsandpros...Mckinseyglobalinstitueinternetmattersthenetssweepingimpactongrowthjobsandpros...
Mckinseyglobalinstitueinternetmattersthenetssweepingimpactongrowthjobsandpros...
 
Internet matters: The Net’s sweeping impact on growth,jobs, and prosperity ( ...
Internet matters: The Net’s sweeping impact on growth,jobs, and prosperity ( ...Internet matters: The Net’s sweeping impact on growth,jobs, and prosperity ( ...
Internet matters: The Net’s sweeping impact on growth,jobs, and prosperity ( ...
 
Mckinseyandcompany internetmatters-110524210549-phpapp02
Mckinseyandcompany internetmatters-110524210549-phpapp02Mckinseyandcompany internetmatters-110524210549-phpapp02
Mckinseyandcompany internetmatters-110524210549-phpapp02
 
Internet Impact on Global GDP - Worldwide Statistics
Internet Impact on Global GDP - Worldwide StatisticsInternet Impact on Global GDP - Worldwide Statistics
Internet Impact on Global GDP - Worldwide Statistics
 
Global Futures Forecast 2013
Global Futures Forecast 2013Global Futures Forecast 2013
Global Futures Forecast 2013
 
WEF World Economic Forum Jobs of tomorrow 2020
WEF World Economic Forum Jobs of tomorrow 2020WEF World Economic Forum Jobs of tomorrow 2020
WEF World Economic Forum Jobs of tomorrow 2020
 
Understanding the signals
Understanding the signalsUnderstanding the signals
Understanding the signals
 
Global Business Trends to Follow in 2022 | CIOLOOK
Global Business Trends to Follow in 2022 | CIOLOOKGlobal Business Trends to Follow in 2022 | CIOLOOK
Global Business Trends to Follow in 2022 | CIOLOOK
 
Asia Rising: Digital Driving
Asia Rising: Digital DrivingAsia Rising: Digital Driving
Asia Rising: Digital Driving
 

More from Andrew Bolwell

The Future of Work Report | Andrew Bowell, Chief Disrupter, HP
The Future of Work Report | Andrew Bowell, Chief Disrupter, HPThe Future of Work Report | Andrew Bowell, Chief Disrupter, HP
The Future of Work Report | Andrew Bowell, Chief Disrupter, HP
Andrew Bolwell
 
HP COVID-19 Impacts [Infographic]
HP COVID-19 Impacts [Infographic]HP COVID-19 Impacts [Infographic]
HP COVID-19 Impacts [Infographic]
Andrew Bolwell
 
COVID-19: Impact Report by HP Labs
COVID-19: Impact Report by HP LabsCOVID-19: Impact Report by HP Labs
COVID-19: Impact Report by HP Labs
Andrew Bolwell
 
Day in The Life | 2025
Day in The Life | 2025Day in The Life | 2025
Day in The Life | 2025
Andrew Bolwell
 
Megatrends by HP: 2017 Update
Megatrends by HP: 2017 UpdateMegatrends by HP: 2017 Update
Megatrends by HP: 2017 Update
Andrew Bolwell
 
Megatrends by HP: Shaping Our Future
Megatrends by HP: Shaping Our FutureMegatrends by HP: Shaping Our Future
Megatrends by HP: Shaping Our Future
Andrew Bolwell
 

More from Andrew Bolwell (6)

The Future of Work Report | Andrew Bowell, Chief Disrupter, HP
The Future of Work Report | Andrew Bowell, Chief Disrupter, HPThe Future of Work Report | Andrew Bowell, Chief Disrupter, HP
The Future of Work Report | Andrew Bowell, Chief Disrupter, HP
 
HP COVID-19 Impacts [Infographic]
HP COVID-19 Impacts [Infographic]HP COVID-19 Impacts [Infographic]
HP COVID-19 Impacts [Infographic]
 
COVID-19: Impact Report by HP Labs
COVID-19: Impact Report by HP LabsCOVID-19: Impact Report by HP Labs
COVID-19: Impact Report by HP Labs
 
Day in The Life | 2025
Day in The Life | 2025Day in The Life | 2025
Day in The Life | 2025
 
Megatrends by HP: 2017 Update
Megatrends by HP: 2017 UpdateMegatrends by HP: 2017 Update
Megatrends by HP: 2017 Update
 
Megatrends by HP: Shaping Our Future
Megatrends by HP: Shaping Our FutureMegatrends by HP: Shaping Our Future
Megatrends by HP: Shaping Our Future
 

Recently uploaded

Russian Girls Call Navi Mumbai 🎈🔥9920725232 🔥💋🎈 Provide Best And Top Girl Ser...
Russian Girls Call Navi Mumbai 🎈🔥9920725232 🔥💋🎈 Provide Best And Top Girl Ser...Russian Girls Call Navi Mumbai 🎈🔥9920725232 🔥💋🎈 Provide Best And Top Girl Ser...
Russian Girls Call Navi Mumbai 🎈🔥9920725232 🔥💋🎈 Provide Best And Top Girl Ser...
bellared2
 
Zaitechno Handheld Raman Spectrometer.pdf
Zaitechno Handheld Raman Spectrometer.pdfZaitechno Handheld Raman Spectrometer.pdf
Zaitechno Handheld Raman Spectrometer.pdf
AmandaCheung15
 
LeadMagnet IQ Review: Unlock the Secret to Effortless Traffic and Leads.pdf
LeadMagnet IQ Review:  Unlock the Secret to Effortless Traffic and Leads.pdfLeadMagnet IQ Review:  Unlock the Secret to Effortless Traffic and Leads.pdf
LeadMagnet IQ Review: Unlock the Secret to Effortless Traffic and Leads.pdf
SelfMade bd
 
Opencast Summit 2024 — Opencast @ University of Münster
Opencast Summit 2024 — Opencast @ University of MünsterOpencast Summit 2024 — Opencast @ University of Münster
Opencast Summit 2024 — Opencast @ University of Münster
Matthias Neugebauer
 
Feature sql server terbaru performance.pptx
Feature sql server terbaru performance.pptxFeature sql server terbaru performance.pptx
Feature sql server terbaru performance.pptx
ssuser1915fe1
 
The History of Embeddings & Multimodal Embeddings
The History of Embeddings & Multimodal EmbeddingsThe History of Embeddings & Multimodal Embeddings
The History of Embeddings & Multimodal Embeddings
Zilliz
 
Patch Tuesday de julio
Patch Tuesday de julioPatch Tuesday de julio
Patch Tuesday de julio
Ivanti
 
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python CodebaseEuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
Jimmy Lai
 
Using LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and MilvusUsing LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and Milvus
Zilliz
 
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
shanihomely
 
Retrieval Augmented Generation Evaluation with Ragas
Retrieval Augmented Generation Evaluation with RagasRetrieval Augmented Generation Evaluation with Ragas
Retrieval Augmented Generation Evaluation with Ragas
Zilliz
 
Finetuning GenAI For Hacking and Defending
Finetuning GenAI For Hacking and DefendingFinetuning GenAI For Hacking and Defending
Finetuning GenAI For Hacking and Defending
Priyanka Aash
 
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
maigasapphire
 
Step-By-Step Process to Develop a Mobile App From Scratch
Step-By-Step Process to Develop a Mobile App From ScratchStep-By-Step Process to Develop a Mobile App From Scratch
Step-By-Step Process to Develop a Mobile App From Scratch
softsuave
 
Mastering OnlyFans Clone App Development: Key Strategies for Success
Mastering OnlyFans Clone App Development: Key Strategies for SuccessMastering OnlyFans Clone App Development: Key Strategies for Success
Mastering OnlyFans Clone App Development: Key Strategies for Success
David Wilson
 
UX Webinar Series: Drive Revenue and Decrease Costs with Passkeys for Consume...
UX Webinar Series: Drive Revenue and Decrease Costs with Passkeys for Consume...UX Webinar Series: Drive Revenue and Decrease Costs with Passkeys for Consume...
UX Webinar Series: Drive Revenue and Decrease Costs with Passkeys for Consume...
FIDO Alliance
 
MAKE MONEY ONLINE Unlock Your Income Potential Today.pptx
MAKE MONEY ONLINE Unlock Your Income Potential Today.pptxMAKE MONEY ONLINE Unlock Your Income Potential Today.pptx
MAKE MONEY ONLINE Unlock Your Income Potential Today.pptx
janagijoythi
 
Semantic-Aware Code Model: Elevating the Future of Software Development
Semantic-Aware Code Model: Elevating the Future of Software DevelopmentSemantic-Aware Code Model: Elevating the Future of Software Development
Semantic-Aware Code Model: Elevating the Future of Software Development
Baishakhi Ray
 
Vulnerability Management: A Comprehensive Overview
Vulnerability Management: A Comprehensive OverviewVulnerability Management: A Comprehensive Overview
Vulnerability Management: A Comprehensive Overview
Steven Carlson
 
Acumatica vs. Sage Intacct _Construction_July (1).pptx
Acumatica vs. Sage Intacct _Construction_July (1).pptxAcumatica vs. Sage Intacct _Construction_July (1).pptx
Acumatica vs. Sage Intacct _Construction_July (1).pptx
BrainSell Technologies
 

Recently uploaded (20)

Russian Girls Call Navi Mumbai 🎈🔥9920725232 🔥💋🎈 Provide Best And Top Girl Ser...
Russian Girls Call Navi Mumbai 🎈🔥9920725232 🔥💋🎈 Provide Best And Top Girl Ser...Russian Girls Call Navi Mumbai 🎈🔥9920725232 🔥💋🎈 Provide Best And Top Girl Ser...
Russian Girls Call Navi Mumbai 🎈🔥9920725232 🔥💋🎈 Provide Best And Top Girl Ser...
 
Zaitechno Handheld Raman Spectrometer.pdf
Zaitechno Handheld Raman Spectrometer.pdfZaitechno Handheld Raman Spectrometer.pdf
Zaitechno Handheld Raman Spectrometer.pdf
 
LeadMagnet IQ Review: Unlock the Secret to Effortless Traffic and Leads.pdf
LeadMagnet IQ Review:  Unlock the Secret to Effortless Traffic and Leads.pdfLeadMagnet IQ Review:  Unlock the Secret to Effortless Traffic and Leads.pdf
LeadMagnet IQ Review: Unlock the Secret to Effortless Traffic and Leads.pdf
 
Opencast Summit 2024 — Opencast @ University of Münster
Opencast Summit 2024 — Opencast @ University of MünsterOpencast Summit 2024 — Opencast @ University of Münster
Opencast Summit 2024 — Opencast @ University of Münster
 
Feature sql server terbaru performance.pptx
Feature sql server terbaru performance.pptxFeature sql server terbaru performance.pptx
Feature sql server terbaru performance.pptx
 
The History of Embeddings & Multimodal Embeddings
The History of Embeddings & Multimodal EmbeddingsThe History of Embeddings & Multimodal Embeddings
The History of Embeddings & Multimodal Embeddings
 
Patch Tuesday de julio
Patch Tuesday de julioPatch Tuesday de julio
Patch Tuesday de julio
 
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python CodebaseEuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
 
Using LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and MilvusUsing LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and Milvus
 
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
 
Retrieval Augmented Generation Evaluation with Ragas
Retrieval Augmented Generation Evaluation with RagasRetrieval Augmented Generation Evaluation with Ragas
Retrieval Augmented Generation Evaluation with Ragas
 
Finetuning GenAI For Hacking and Defending
Finetuning GenAI For Hacking and DefendingFinetuning GenAI For Hacking and Defending
Finetuning GenAI For Hacking and Defending
 
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
 
Step-By-Step Process to Develop a Mobile App From Scratch
Step-By-Step Process to Develop a Mobile App From ScratchStep-By-Step Process to Develop a Mobile App From Scratch
Step-By-Step Process to Develop a Mobile App From Scratch
 
Mastering OnlyFans Clone App Development: Key Strategies for Success
Mastering OnlyFans Clone App Development: Key Strategies for SuccessMastering OnlyFans Clone App Development: Key Strategies for Success
Mastering OnlyFans Clone App Development: Key Strategies for Success
 
UX Webinar Series: Drive Revenue and Decrease Costs with Passkeys for Consume...
UX Webinar Series: Drive Revenue and Decrease Costs with Passkeys for Consume...UX Webinar Series: Drive Revenue and Decrease Costs with Passkeys for Consume...
UX Webinar Series: Drive Revenue and Decrease Costs with Passkeys for Consume...
 
MAKE MONEY ONLINE Unlock Your Income Potential Today.pptx
MAKE MONEY ONLINE Unlock Your Income Potential Today.pptxMAKE MONEY ONLINE Unlock Your Income Potential Today.pptx
MAKE MONEY ONLINE Unlock Your Income Potential Today.pptx
 
Semantic-Aware Code Model: Elevating the Future of Software Development
Semantic-Aware Code Model: Elevating the Future of Software DevelopmentSemantic-Aware Code Model: Elevating the Future of Software Development
Semantic-Aware Code Model: Elevating the Future of Software Development
 
Vulnerability Management: A Comprehensive Overview
Vulnerability Management: A Comprehensive OverviewVulnerability Management: A Comprehensive Overview
Vulnerability Management: A Comprehensive Overview
 
Acumatica vs. Sage Intacct _Construction_July (1).pptx
Acumatica vs. Sage Intacct _Construction_July (1).pptxAcumatica vs. Sage Intacct _Construction_July (1).pptx
Acumatica vs. Sage Intacct _Construction_July (1).pptx
 

HP Megatrends: 2019 Update

  • 1. HP has formalized our analysis and forecasting process into a body of work, released annually, we call Megatrends, a systematic effort to identify the global technological, economic and social currents that are influencing how people will live and work around the world for years to come.
  • 2. Why HP looks at Megatrends The amount of change happening in the world today is accelerating, creating a continuous challenge for how companies stay ahead of it all, decide where to invest, think about the future, and innovate in ways that enable them to do the disrupting, instead of being the ones disrupted. How we manage all this change in an effort to stay ahead requires a keen understanding of the global forces that will shape our human experiences and our business decisions long into the future. At HP we call these megatrends. Megatrends in combination with extensive research into disruptive technologies on the rise give us a clearer view of what potentially lies ahead, and new opportunities for HP, our customers, and our partners.
  • 3. What are megatrends? Megatrends are major socioeconomic, demographic and technological shifts that will have a sustained, transformative impact on the world in the years ahead—on businesses, societies, economies, cultures and our personal lives. They will impact our experience at home, work and on the go. At HP, we’ve identified four major megatrends—Rapid Urbanization, Changing Demographics, Hyper Globalization, and Accelerated Innovation—that we believe will have the greatest long-term impact on our customers, partners, and our own business.
  • 4. How does HP use megatrends? Our vision at HP is to create technology that makes life better for everyone, everywhere. To engineer experiences that amaze. Not just for today, but for years to come. Megatrends offer us insights into where the future is heading, helping us to create new experiences and solutions for our customers and partners that are representative of the rapidly changing world they live and work in. Each year we put a variety of lenses on our four key megatrends, evaluating global political, economic, environmental, and social influences; new disruptive technologies on the horizon; as well as core assumptions around market outlooks, industry directions and emergent customer needs.
  • 5. This year’s report [what’s new] The 2019 HP Megatrends Report explores global, regional and metro income trends, urbanization’s impact on these trends, the resulting rise of new metro-based economic powerhouses, and the role of automation and education in meeting labor market challenges driving changing demographics and growing economies. Additional research explores how increasing incomes are putting a strain on our energy resources and what role technologies such as 3D printing, Software 2.0 and Edge Computing could play in helping to drive to greater efficiencies benefiting customers, industries, and the planet.
  • 6. We started this year by looking at socioeconomic data and consulted with leading economists to uncover trends that our society is most likely to encounter in coming years. Looking at economic data from rural areas to large megacities across the globe, we were able to understand where disposable incomes were expected to rise over the coming decades and what that could mean to markets and labor forces of the future.
  • 7. As more and more people move to cities we are seeing a direct correlation to economic growth and rising average household incomes and spending. Cities of all sizes, especially large and megacities—populations of 10M or more—are seeing some of the steepest rise in income and global domestic product (GDP) growth. Source: https://www.brookings.edu/wp-content/uploads/2018/06/Brookings-Metro_Global-Metro-Monitor-2018.pdf
  • 8. Cities in both developed and emerging markets are projected to see rapid growth. With cities in the Asia region expected to see some of the sharpest increases in household income by 2035. Our analysis finds that Asian workers, on average, will have seen their average household disposable income more than triple from 2001 to 2035 in constant 2015 dollars.
  • 9. Some cities are becoming markets in and of themselves. Jakarta, for example is expected to grow its average household income to a level exceeding many developed and western cities.
  • 10. Cities in many emerging economies are starting to look like cities in developed economies. This isn’t limited to megacities, Indonesia’s 16th largest city, Ujung Pandang will start to have an economy that will look very similar to developed western cities like Chicago and Kansas City.
  • 12. Incomes are rising especially fast throughout much of Asia, which is expected to drive two thirds of total global growth in income from now to 2035. Growth will come from many cities of many sizes, with an outsized share coming from China, India, and Indonesia where the aggregate amount of incremental income will grow by roughly 2x by 2035.
  • 13. All three regions are expected to experience growth in average household income. By 2035 global income growth is forecast to add $23.2T just from cities with over 1M people. About $15.6T of this will come from cities in Asia.
  • 14. From 2010 to today, we see the rise of India and China. This continues towards 2035, but we also see the surge of growth in Southeast Asia, and places like Indonesia. Jakarta, the large blue bubble at the bottom, is forecast to have the largest household income in all of Asia.
  • 16. Across the globe most individual income comes from salaries and wages related to jobs. And there is a very close relation between education, labor supply, wages and this personal income, which drive GDP across the world. Source: Oxford Economics, The World Bank, Bruce Blonigen – Philipp H. Knight Professor of Economics & Social Sciences, and Dean – University of Oregon
  • 17. To sustain this growth, we will need more economic productivity from everyone in the workforce. Technology advancements will help to combat labor shortages and assist in the education and reskilling of new workers.
  • 18. By 2030, demand for skilled workers will outstrip supply in nearly all major parts of the world – to an estimated 85M person talent gap. Source: Korn Ferry, Future of Work: The Global Talent Crunch (2018)
  • 19. The labor gap may accelerate the pace of automation and automation may in some ways in some places change the composition of the labor force and nature of gap itself. On a global level today, across all industries, machines perform about 29% of all work task hours, a figure expected to rise to 42% by 2022. The more routine the work task, the more addressable it is by automation. Automation is critical to helping not just fill the labor gap, but shift labor from performing routine tasks to performing more high-skilled, higher wage tasks.
  • 20. There are examples of automation being used already to increase productivity and free up labor in high skill jobs. One example is how HP Customer Support is offering chat support for the HP Instant Ink products. A virtual agent was developed to manage inbound customer chat sessions. This has resulted in a 95% savings per chat event and increases in solving customer problems
  • 21. Economists have long recognized that education levels matter quite a bit for income and economies. Reengineering business processes with automation requires reskilling and education of the associated workforce as new types of skills and potentially higher-wage jobs are required to capture the full benefits from automation. Source: Bruce Blonigen, Philip H. Knight Professor of Economics & Social Sciences & Dean, University of Oregon
  • 23. People, machines, data, and energy are now so deeply connected to each other that creating a better future will require finding the balance between them all
  • 24. Rising incomes drive increasing consumption which in turn results in growing energy usage. India is a great example, where it’s 300 mils strong middle class or “haves” are expected to rise to 700 mils by 2035, and their air conditioning needs alone are expected to require 300 new power plants, or 2x India’s current energy supply.
  • 25. As energy use surges so do emissions, driving significant growth in greenhouse gas emissions, against a backdrop of increasingly dire climate science predictions. Source: https://www.eia.gov/todayinenergy/detail.php?id=33772
  • 27. Technological advancements like additive manufacturing, edge computing, and 5G networks will maximize energy efficiency and meet the growing demands of tomorrow’s society.
  • 28. This energy strain is not just from more devices but from the data they collect by sensing their operations and environment. By 2025, the energy cost of transmitting data from these devices, that sit at the edge out in the everyday world, to the cloud will be unsustainable .Based on current electricity rates, it would take 113% of total global GDP to pay for transmitting the data and 32x the world’s current electricity production. Keeping computational processing at the local device limits demand and drives more energy efficiency.
  • 29. Consider Pratt & Whitney’s Geared Turbo Fan (GTF) jet engines. Each achieves a 16% improvement in fuel efficiency and 75% reduction in noise by using 5,000 on-device sensors to produce 10 GB of feedback data per second. This data is used to monitor, maintain and improve engine safety and performance.
  • 31. And finally, as we are faced with increased consumption from rising incomes, manufacturing must also become more energy efficient as it currently makes up 1/3rd of the world’s energy use. Shifting from traditional design, manufacturing and use models to integrated 3D-enabled design-to-print leveraging additive manufacturing and Industry 4.0 processes could drive up to 25% in global energy savings.
  • 33. Megatrends will impact industries and business in a variety of ways: • Impacting people, workforces, labor availability and supply, and the geographic or locational nature of it all • Impacting the Tools and Processes used to run operations competitively and efficiently • Impacting current and future Customers, as well as the Products developed to meet their needs • Impacting how and where you Go-to-Market, as well as the changing nature of Business Models available and effective to deliver value that resonates with customers.
  • 34. While we can’t predict the future, megatrends can help show us the way.