Next-Gen Business Horizons: Charting the Data-Driven Economy and Society (2024-2030)

Global Economy and Technology

The global economy is poised for significant transformation, heavily influenced by technological advancements. According to the International Monetary Fund (IMF), the global real GDP is expected to 3.1% according to ?IMF's World Economic Outlook upto 2028 . This growth underscores the substantial impact of technology sectors, which are projected to expand at impressive rates.

Technological Breakthroughs

Quantum computing, biotechnology, and sustainable energy are at the forefront of innovation. For instance, the market size for quantum computing is projected to reach [insert figure from tech industry reports here] by 2030, demonstrating the potential of these breakthroughs.

Data Science Evolution

Data science, particularly in fields like AI, is experiencing unprecedented growth. The AI global market for instance, is projected to grow at CAGR of 40.82% ?from 2022 to 2030 ..The global artificial intelligence revenue forecast for 2030 is projected to $ 1345 billion, the estimation taken from base year 2022. This expansion reflects the increasing reliance on AI across various industries like generative model for new innovation & decision making . Sophisticated Generative AI boost quality and diversity.

The CAGR can be calculated using the formula:

CAGR=(Ending?ValueBeginning?Value)1Number?of?Years?1CAGR=(Beginning?ValueEnding?Value)Number?of?Years1?1

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The CAGR estimated by following formula

Future?Value=Present?Value×(1+CAGR)n

Emerging Social Media Platforms

"Emerging social media platforms, especially those leveraging AR and VR technologies, are reshaping digital marketing. According to market news in 2021, the market for augmented reality and virtual reality was valued at USD 22.6 billion. By 2030, it is anticipated to reach?USD 451.5 billion , indicating a significant shift in how brands engage with consumers. This evolution is pivotal in transitioning from traditional to digital and virtual marketing strategies, with Facebook pages have more than 50 million registered businesses and over 88 % of businesses use Twitter for their marketing purposes of marketers planning to increase spending in these areas (Science Direct report)."

Auditing Innovations

"Innovations in auditing, driven by AI and blockchain, are challenging the traditional practices dominated by the Big Four. Artificial Intelligence for Accounting Market size was valued at USD 2,051.34 Million in 2022 and is projected to reach?USD 44,687.93 Million by 2030,?growing at a?CAGR of 46.98% from 2024 to 2030. (source: different industry & research report). Considering the ever-expanding Internet of Things (IoT) landscape.?According to the latest IoT Analytics?“State of IoT—Spring 2023” report, the global IoT connections surged by an impressive 18% in 2022, reaching a staggering 14.3 billion active IoT endpoints. Looking ahead to 2023, the forecast remains promising, with IoT Analytics projecting a 16% growth, bringing the global number of connected IoT devices to 16.7 billion active endpoints. While this growth rate is slightly lower than the previous year, it underscores the enduring potential of blockchain technological Breakthroughs

"Quantum computing, biotechnology, sustainable energy solutions, and advanced AI are at the forefront of technological breakthroughs. A fast-developing technology called quantum computing uses the principles of quantum physics to address issues that are too complicated for conventional computers is expected to reach $6.4 billion by 2028, rising at a market growth of 24.4% CAGR during the forecast period. These innovations have the potential to revolutionize multiple sectors, from healthcare to energy."

AI Utilization

" Six in 10 Americans live with at least 1 chronic condition, such as cancer, diabetes, Alzheimer’s disease or heart disease according to a journal article. The use of AI is expanding rapidly across various sectors. By 2030, annual health care spending in the United States is expected to reach $6.8 trillion. As per big four auditing agency ?report Health systems ?need a larger workforce, but although the global economy could create 40 million new health-sector jobs by 2030, there is still a projected shortfall of 9.9 million physicians, nurses and midwives globally over the same period, according to the World Health Organization report as well . In environmental protection, AI is instrumental in monitoring and combating climate change, reduction in carbon emissions (source: [environmental report]). In industry, automation through AI is set to boost production efficiency According to a report by Accenture, the implementation of AI in manufacturing holds the promise of enhancing labor productivity by up to?27%.

Climate Change and Politics

UN in AI.

The UN has been exploring ways to leverage the potential of AI to drive change and impact across their issue areas. Here are just a few:

In terms of realizing the global goal for affordable and clean energy for all by 2030 (SDG 7), AI can optimize grids and increase the efficiency of renewable sources. Predictive maintenance using AI can also reduce downtime in energy production. That can mean reducing the planet’s carbon footprint..."

This comprehensive collection of projects and initiatives also reflects the UN’s ongoing commitment to ensure that AI is developed and deployed through multi-stakeholder collaboration. Nearly 40% of projects involve collaboration between UN entities, 25% with academia and governments, and 20% with the private sector.

Democracy vs. Dictatorship

"The global trend towards transparent, participatory democracy is being facilitated by technology. The 2024 and 2025 election years are particularly significant, with indicating an increase in digital participation in the electoral processes. Technology's role in upholding democratic values is becoming more crucial than ever for unbias and transparent electoral process."

Economic Impact and Turbulent Years

"Regions like Asia-Pacific and Europe are at pivotal moments due to technological and political changes, especially influenced by election years. The GDP of the Asia-Pacific region is forecasted to grow by 6% by 2030, while Europe's economic forecasts indicate 2.1%? (source: IMF or regional economic reports). These shifts are indicative of the dynamic nature of global economics."

Bridging the Generation Gap

"Technology is playing a key role in bridging the generation gap. Despite differences in digital literacy, only?38 percent?of households in the country are digitally literate. Additionally, only 31 percent of the rural population uses the internet as compared to 67 percent of the urban population of people over 60 are now using smartphones, indicating a narrowing gap. This trend is crucial for fostering intergenerational understanding and collaboration."

Revolution through Education and Migration

This is very serious issue let me share what is Critical thinking and AI is the right tool to make this possible and increase. Critical thinking teaches students to question claims and seek truth.

Creativity teaches students to think in a way that’s unique to them. Collaboration teaches students that groups can create something bigger and better than you can on your own. Communication teaches students how to efficiently convey ideas.

"Education systems are increasingly focusing on critical thinking, with Current observations indicate that now only about 4% of people use their brain. Of that 4%, fewer than 25% do so critically. So, the answer to the ?question seems to be,?no more than one percent?are critical thinkers.

Given the vast scope of these topics, especially considering the impact of upcoming global elections, a detailed discussion session will be beneficial. Interested individuals can register for this session on my LinkedIn page.