Charting a course to the future
Big data has shifted to small data as AI enables personalised experiences for every consumer, with record investment in quantum computing soon to be capable of solving problems up to 100 million times faster than traditional computers.
Blockchain technology has transformed fintech and the metaverse is breaking the boundaries between digital and physical worlds.
Will tomorrow’s smartphone be an AR/VR headset or an ambient assistant? Which technologies might fundamentally change industry dynamics?
Game Changers in numbers
The global wearable AI market is anticipated to garner $230 billion by 2033, rising at an impressive 27.6% CAGR from 2023 to 2033.¹
AI will replace around 85 million jobs in the US by 2025. Experts predict that there will be 95 million job openings because of artificial intelligence. By 2025, humans and machines will strike a balance of 50-50 when it comes to working.²
Renewables will transform the global power mix through 2027, becoming the largest source of electricity.³
By 2026, 24% of retail purchases are expected to take place online. By 2026, the e-commerce market is expected to total over $8.1 trillion. 91% make online purchases using their smartphone.⁴
J.P. Morgan Payments
“In today’s world, staying ahead means keeping pace with payments innovation. The way we do business is changing, and at the core of this transformation is the evolution of payment systems. New business models rely on the advancements in how we handle transactions. It’s a tight-knit connection – as businesses adapt, so do the payment methods that power them. It’s not just about keeping up; it’s about understanding that progress in payments is the engine that drives the future of business innovation.”