Future of identity Singapore - 3 july 2015 lr
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Transcript of Future of identity Singapore - 3 july 2015 lr
Context As we increasingly build, share and adopt mul.ple iden..es in our ever-‐more blurred work and social lives, who we are has, for some, becoming increasingly
complex. Understanding how this is changing is of interest to many.
Future Agenda The Future Agenda is the world’s largest open foresight program
that accesses mul.ple views of the next decade so all can be beKer informed and s.mulate innova.on.
Looking Forwards Organisa.ons increasingly want to iden.fy and understand
both the an.cipated and unexpected changes so that they can be beKer prepared for the future.
FA 1.0 Top Insights for 2020 From the 2010 program, 52 key insights on the next decade
were shared widely via books, cards and online and have been extensively used by organisa.ons around the world.
Future Agenda in Numbers The first Future Agenda programme engaged a wide range of views in 25 countries. Future Agenda 2.0 is doubling the face-‐to-‐face interac.on
and significantly raising online sharing, debate and discussion.
Future Agenda 1.0 1 HOST 16 TOPICS 25 COUNTRIES 50 WORKSHOPS 1500 ORGANISATIONS
Future Agenda 2.0 40+ HOSTS 21 TOPICS 50 COUNTRIES 100 WORKSHOPS 2500 ORGANISATIONS
Future Agenda 2.0 Topics The second version of the Future Agenda program is taking place
during 2015 and is addressing 20 topics via 100 events in 50 countries with around 35 core hosts.
Ageing
CiNes
Company
ConnecNvity
Data
EducaNon
Energy
Food
Government
Health
Learning
Loyalty
Payments
Privacy
Resources
Transport
Travel
Water
Wealth
Work
The Process 20 ini.al perspec.ves on the future kicked off the Future Agenda discussions taking place across 5 con.nents from Feb to July 2015. These are ini.al views to be shared, challenged and enhanced.
Ini.al Perspec.ves Q4 2014
Global Discussions Q1/2 2015
Insight Synthesis Q3 2015
Sharing Output Q4 2015
The Future of IdenNty From the discussions, many issues are seen as significant for the next decade. A number of these relate to the changing nature of the iden.ty and how it impacts how we behave and are treated. This will be built upon on July 3rd
Knowing The Unknown By 2020 people and connected objects will generate 40 trillion gigabytes of
data that will have an impact on daily life in one way or another. This data will make known about us things that were previously unknown or unknowable.
Deeper vs. Wider RelaNonships Social interac.ons broaden through extended access but may also
become more superficial: A divide grows between those establishing rela.onships purely on data and those basing connec.ons on emo.ons.
Cocktail IdenNNes The need to differen.ate between real and virtual
disappears -‐ who you are ceases to use a singular iden.ty as we manage mul.ple iden.ty por`olios.
Human Capitalism There is an increasing pressure to move to a new form of capitalism, one with a more human side to it that reconnects with the need to create and distribute wealth for the benefit of society rather than for the benefit of a select few.
Peer Power Aggrega.on occurs in hotel/peer review sites alongside integra.on with
consumers’ personal trusted networks. This gives guests advice they can trust and greater consistency of ra.ngs globally.
Up Close and Personal Consumers are increasingly in the driving seat and aware of the use of their
data. We may see loyalty U-‐turn: With greater transparency in place, brands will have work ensure consumer loyalty not the other way around.
Joining the Dots Increasing collabora.on drives companies to re-‐organise based on social
networks. The shared economy changes the shape of many organisa.ons, but a shia in the role of the company from employer to facilitator challenges many.
CollaboraNon Time as a Social Currency Time spent working on collabora.ve projects addressing real issues is a metric that drives reputa.on and social status. Individuals seek to give up their free-‐.me to help solve emerging problems to beKer support society.
Loyalty Experiences For brands that aspire to crea.ng customer loyalty in this disorderly world, there is a fundamental ques.on that needs to be addressed.
Quite simply, what will ‘loyalty’ be?
New Value, Different Models In the coming years, brands will need to be disrup.ve in their thinking about loyalty, seeking new kinds of value proposi.on, exploring different models
and redefining the very ways in which loyalty is conceived.
ConNnuous Proof of Loyalty Brands have to consistently demonstrate their loyalty to consumers
as customer mobility and switching between brands increases. Global, regional and local affilia.ons blur and drive wider brand consolida.on.
The Voice of Youth Younger consumers are more difficult to pin down but they are more willing to share. Brands can speak to the youth in these terms, crea.ng opportuni.es for interac.on, but also more personal, human, experiences and rela.onships.
The Composite Consumer Flexible digital iden..es allow consumers to connect with each other even as they connect with brands. Loyal rela.onships will be made not just with individual customers but also with families, couples, and groups of friends.
10 Seconds of AYenNon Increased consumer choices and channels leave brands figh.ng for 10 seconds of aKen.on. A new paradigm will emerge, based on dynamic, fast-‐moving, calls to ac.on rather than long-‐term rela.onships with delayed rewards.
Loyalty from Top to BoYom Driving an authen.c loyalty offer will require companies to address the rising promiscuity of employees. Organisa.ons will have to make a choice between facilita.ng increasingly flexible career-‐paths, or nurturing internal loyalty.
The Personal Data Dilemma Lurking ominously in the background there is also the ques.on of to
what extent consumers will allow us to collect and use their personal informa.on, and what they will expect in return?
Inequality On The Agenda Inequality has become a concern not just for developing countries but also for
those in the US and the Euro Zone: 56% of people living in rich countries believe the most pressing problem of the economy is inequality.
Polyamourous Loyalty Brands begin to embrace customer promiscuity, finding ways to recognise their emergent desire to build a patchwork iden.ty
through diverse and conflic.ng choices.
The Human Touch In a world of global and digital marke.ng and consump.on,
consumers will increasingly favour those brands that can offer more emo.onal engagements, and specifically human-‐to-‐human contact.
Love: Warts and All With corporate transparency becoming a necessity, businesses have to
address it as both an opportunity and a threat. Successful brands will find ways to take customers with them -‐ even as they reveal their less aKrac.ve sides.
TransacNonal vs. EmoNonal Seamless payments will distance consumers from understanding
monetary value. Brands will have to reconsider the way they connect to customers providing more holis.c and emo.onal value.
Deeper Loyalty While travellers are used to points, many see the need for deeper rela.onships with the hotels they prefer to visit, rather than a global por`olio that share the same brand. They seek closer rela.onships around their real needs.
Dreaming of Humanity The norm will be automa.on: machines will respond to humans who
respond to machines. Human interac.on will only be used to problem-‐solve and provide more personalised and premium services.
Cultural Relevant Conundrum In an increasingly global and diverse world how will brands embrace na.onal consciousness and touch consumers whose na.onal iden.ty is disconnected
to where they live? How will brands reconnect with the diaspora?
Skill ConcentraNons The growth of the nomadic global elite ci.zenship accelerates the
concentra.on of the high-‐skill / high-‐reward opportuni.es within a select group of globally-‐connected ci.zens, who move ahead of the urban pack.
HolisiNc Health Planning There will be a wholesale shia in health focus from short-‐term problem-‐solving to long-‐term, healthy-‐life planning and management, with GPs
(ini.ally) shiaing their role to become whole-‐life health coaches.
Consumer Power The consumer is likely to gain the upper hand in terms of
the power dynamic and principles such as ‘great customer service’ will no longer be a nego.able.
Culture Shi] The culture that guides people through life today is a culture that evolved around shorter lives. The urgent challenge now is to create cultures that support people through ten and more decades of life.
Eastern Centricity With China’s 500m-‐strong middle-‐class burgeoning and travel barriers diminishing, Western and Eastern cultures meet and
feed off one another, shiaing global norms.
Masters of Our Data In 2025 there will be a seamless border between digital and real where the digital truth becomes the real truth. We should increase awareness
of our digital shadow becoming ‘masters of our data’.
Millennial Managers As more digital-‐na.ve Millennials take the lead they bring different
perspec.ves, experiences and expecta.ons about societal challenges and the role of organisa.ons. This drives a shia towards a deeper sense of purpose.
Maximising Moments Individuals seek to maximise the benefits of moments available to them -‐
whether efficiency, rest, enjoyment or otherwise -‐ regardless of .mespan and whether the moment was planned or enforced.
Age Diversified Workforces The demographic changes underway are fundamentally altering virtually all aspects of life as we know it. Workforces are becoming
older and more age diversified than ever in history.
Paying for Privacy We do not currently understand the value of our data or how it is
being used and so are giving it away. In the future we might be willing to pay more for our privacy than the data we share.
Chinese Tourists 150 million outbound Chinese tourists and a total of 500m more mobile Asians will need places to stay in other countries that align beKer with
their specific cultural norms and expecta.ons.
Hollowing Out the Professions Technology is challenging the white-‐collar worker and automa.ng both middle and high-‐end jobs. The future will see fewer accountants, lawyers and doctors and a hollowing out of the previously ‘safe’ professions.
Two-‐Way Trust An increase in trust between employees and employers builds
greater alignment and enables democra.sa.on of the workplace, more flexible ways of working and more effec.ve organisa.ons.