Spatial Science In the year ahead, the foodservice landscape will evolve, driven by increased awareness around social and environmental responsibility and innovation in technology-enabled customer service. The impact of the economic and social benefits created by this virtuous cycle of data, analytics and innovation on the U.S. economy alone to be substantial: The impact from using open data alone will range between $3.2 and $5.4 trillion by 2025. Between three and five 'Digital Innovation Hubs' will be established over the next three years, which pull data from GP practices, hospitals, social and community care providers for research and development purposes. Microsoft announced the formation of a Technology for Social Impact group that will work to bring cloud services to a total of 300,000 nonprofits in the next three years. China will become a leader in innovation in science, engineering and even human well-being [and] it will make a significant contribution to social change and ways to improve human survival. Underpinned by a transition to renewable energy sources, the circular model builds economic, natural and social capital: Business will lead the transition to a circular economy, often through startups identifying a market opportunity. Canada will need to ensure that all of its citizens have opportunities to develop key skills. Academic business institutions and social enterprises in Brazil are already recognizing the unfair distribution of value and risk in the agricultural supply chain. AI technologies are going to have a significant impact on many aspects of traditional enterprise software, SaaS applications, and consumer oriented applications (such as social media and apps) over the next five years. ThingPark China's achievement of launching a LoRaWAN-based network in China with Semtech's LoRa Technology will drive innovation and efficiency while transforming key markets. Citi predicts social media is where the next wave of innovation is going to be. Innovation is going to be incredibly important in ensuring that services keep pace with technology and that systems are joined up and work for the whole of the NHS and care sector. Unleashing the potential of social innovation will be impossible without significant change from Canada's public sector. Social media spend is only expected to overtake newspaper advertising in 2019 to reach US$55 billion. Taking social innovation in East Asia to the next level will require an active exchange of ideas and collective cross-sector impact throughout the region. Analytics and monitoring bots will be used for pattern recognition in business events and situations and will have a place in discovering trends through social media and both macro and micro economical situations. AI will enable new wealth creation that will require social debate on how the economic fruits of AI technologies should be shared. Broad digital adoption and digital innovation will create significant value for the UK. From weather patterns to social media, new sources of data could help insurers streamline costs, be more targeted with the risks they want to underwrite, identify new customers, predict fraud or identify which claims have the potential to become very expensive. Social Impact Bonds provide opportunities to unlock new capital investment and advance social goods over and above other models of PbR. Digital currencies could significantly reduce government corruption and offer transparency to citizens. Blockchain could be the most important political and social innovation to affect Africa in 100 years. Key skills in future will include the management of social media, innovation, partner platforms, ecosystems and cloud services as well as specialist expertise in crowdsourcing. See full forecast Last updated: 20 July 2019
