Leaders of corporations, government agencies, non-profits are caught in a confluence of unprecedented global demographic transition and a technological revolution.
All nations are facing unprecedented growth in the sheer number of older adults altering the dynamics of the marketplace and challenging government services.
By 2047 there will be more older people in the world than children, changing assumptions about the workforce as well as future products and services.
Life expectancy in the industrial world was a mere 46 years in 1900, today it predicted that half of children born will live to 100+ challenging business, government, and societal assumptions about the traditional life course, career, housing, caregiving, health, and retirement planning.
Longer life now means as many as four to five generations of workers, consumers, and voters – each speaking from their own experience, harboring declining levels of trust, and posing different demands on employers, businesses, and governments.
Younger people are extending their youth, staying single longer, delaying traditional life stages such as establishing new households, finding a partner, and having children, disrupting traditional life stage assumptions underpinning everything from careers, housing, retail, to retirement.
The future is female. As key consumers in health and consumer products, and many other markets, as trusted advisors, principal online shoppers, entrepreneurs, and as the primary caregiver to children and older adults, women are the catalyst to business and policy innovation in today’s longevity economy.
Artificial Intelligence is already changing our everyday experiences from how we seek information, interact with service providers, to how we manage our health.
Augmented Reality / Virtual Reality
Augmented Reality/Virtual Reality will change experiences from navigating communities to shopping.
5G technology will improve the reliability, connectivity, and speed in a world where everything, and everyone, is connected.
Personalized Medicine is making it possible to treat individual health conditions increasing the probability to live longer, better but also changing how health care is delivered, redefining the idea of wellness, and giving rise to entirely new services and stakeholders.
The Internet-of-Things where everyday objects in from consumer products, household appliances, wearables, and medical devices are connected and begin to communicate with each other is making it possible to personally engage clients, customers, patients, and residents 24/7 transforming our homes, workplaces, care facilities, and communities.
Robotics is providing entirely novel ways to achieve everyday activities from maintaining our homes, our workplace, how we travel, to providing care.