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20 predictions for the future: KPMG

TORONTO – A new KPMG report analyzes modern-day trends to make 20 predictions over the next 20 years that say the rapid pace of science and technology will make the world seem vastly different. compared to the present world.

The report titled “20 Predictions in the Next 20 Years” suggests that society will become extremely connected with ultra-fast networks and powered by AI.

“Rapid advances in technology are making science fiction much closer to reality,” KPMG Canada’s digital president and managing partner Armughan Ahmad said in a statement. “Technology is redefining every area and every aspect of our lives to make us and the planet much healthier.”

In a survey of 1,002 Canadians aged 18 and over November 1-5 on the Delvinian Ask Canadians panel through the online research platform Methodify, KPMG asked what they think about the future.

The majority of Canadians surveyed, 78%, believe “anything can happen” in the near future, with 45% expecting cars to fly by then.

Many medical advances are supported, with 63% expressing support for things like changing DNA to prevent cancer, dementia or other diseases. 67% of Canadians surveyed think that 100-year-old Canadians will be the norm in 20 years.

Over 90% say the economy needs to become more rounded, nothing goes to waste – 83% say they worry about future food supplies due to extreme weather, pollution and loss of arable land .

However, not all of those surveyed looked to the future with optimism: 69% said they were somewhat worried about what lies ahead in the next 20 years, and 54% worried that people would lose their lives. control in advance of artificial intelligence and robots. Eighty-nine percent expressed hope that privacy and personal freedom would not be sacrificed.

“With these new technologies, there is a growing need to establish safeguards around data security, privacy and ethical issues,” said global cyber privacy leader at KPMG Sylvia Klasovec Kingsmill said in the statement. “Public support and confidence in these advances will require governments, businesses, and regulators to develop rigorous rules, processes and mechanisms to protect against abuses.” use and ensure that they are in the public interest. The development of these safeguards will need to be done in tandem with advances in technology.”

Here is a brief summary of the 20 predictions from the KPMG report:

MINISTRY OF HEALTH AND TECHNOLOGY

AI and data analytics will become standard healthcare tools, and people will often live to be 100. Technological advancements such as wearables and microchips will be used and genomic medicine will become the norm.

As we know, the office will become virtual and employees will have a greater say in the company’s strategy and social purpose. Stakeholder capitalism will be the norm with companies whose purpose is clearly defined in line with shareholder values.

Acquiring certifications instead of college or university degrees will become the norm, and post-secondary institutions will use cutting-edge technologies. Employees will focus on high-quality work while robots perform routine tasks, but government programs will support “workers displaced by robots.”

One major prediction concerns tourism, with KPMG projects that air travel will be revolutionized by high-speed, zero-emissions aircraft that will take travelers from Montreal to London in two hours. Space tourism will become cheaper, and public and private businesses will establish space-based industries such as mining.

Almost everything will be connected to the internet and will be powered by ultrafast 6G networks and blockchain. AI will be involved in the filmmaking process, including scores and the use of body sensors to gauge audience reactions.

Almost everything will become virtual, including banking (no more physical branches) and shopping. Quantum computing will grow and be available anytime, anywhere.

Innovation in resource use will move the global economy into a circle, with precision farming, robotic farmers and lab-grown meat becoming the norm. Land and water use, along with greenhouse gas emissions, will be reduced and insects will become a staple of the diet – climate change policies will be in place within 20 years. next year, make “net zero” a reality.

KPMG predicts that three-quarters of cars will become fully self-driving, along with greener and smaller cars. The data network will grow enough to make traffic more predictable.

Technology will be recognized as a basic human right, and universal access to high-speed Internet will be accepted, while more flexible government regulation will be the norm.

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