The presentation touches upon issues of strategic futures, digital twins, blockchain and the development of skills in the context of investment policy.
2. Outline
• The What
• Strategic Foresight
• Strategizing around data – example of a keystone initiative
• Creating digital twins – leapfrog strategies
• Blockchain – a platform opportunity
• The How
• Digital Infrastructure
• Skills development
4. Strategic Foresight (An illustrative list of organizations)
• UK Foresight Office
• Policy Horizons Canada
• Center for Strategic Foresight (Korea)
• European Strategy and Policy Analysis System
• Commonwealth Science and Industrial Research Organization - CSIRO
Futures (Australia)
• Committee for the Future (Finland)
• Centre d'Analyse stratégique (France)
• Ministry of Education and Research (Germany)
• Center for Strategic Futures (Singapore)
5. Gartner’s Top 10 Strategic Technology Trends for 2017
1.Artificial Intelligence and Advanced Machine Learning
2.Intelligent Apps
3.Intelligent Things
4.Virtual Reality and Augmented Reality
5.Digital Twins
6.Blockchains and Distributed Ledgers
7.Conversational Systems
8.Mesh App and Service Architecture
9.Digital Technology Platforms
10.Adaptive Security Architecture
17. Exponential growth of data
• Volume of data flows has
increased 45 times since 2005
(McKinsey).
• Annual global IP traffic reached
1.1 ZB per year by the end of
2016 (Cisco).
• A zettabyte is equal to one
sextillion (1021) or 270 bytes.
• Need for a National
Policy/Strategy on Data
19. Cyber risk insurance
• AIG: requests for cyber insurance policies
increased by 87 per cent in Asia year on
year compared to the same period
following WannaCry: Financial Times,
August 9, 2017
• WannaCry affected organizations in 150
countries, including Britain’s National
Health Service, FedEx, Renault and
Telefónica.
• 2015 OECD Council Recommendation on
Digital Security Risk Management for
Economic and Social Prosperity: National
strategies could include incentives for
businesses to measure and manage their
exposure to cyber risk.
Source: Cyber insurance market expected to grow after WannaCry attack
FT, May 16, 2017
20. Keystone Initiative on Cyber Risk Insurance
• Take stock of data, assign a monetary value to data and secure data assets.
• Market mechanism to ensure data security
• Better information on data and data valuations could help creation of data
markets, and better regulation of data flows.
• Country could emerge as a secure data location internationally.
• Potential test bed and learning platform for global insurance companies in
cyber-risk insurance.
• The initiative could also provide opportunities for the development of
blockchain based insurance models that track data assets thereby lowering
costs of insurance and supporting innovation.
25. The Internet
Major Milestones
TCP/IP protocol allowing data to be sent from
one computer to another
VintCerf and Robert Kahn
Internet of Data
TheWorldWideWeb allowed for content to be
shared between computers on a network
Tim Berners Lee
Internet of Content
Blockchain allows value to be shared in a
Trustless environment
Satoshi Nakamoto
Internet of Value
26. Blockchain
• By 2027 10% of global GDP will
be stored on Blockchain (World
Economic Forum)
• Dubai
• 100% government transactions by
2020
• 1000 companies
• 27 countries: travel (ObjectTech)
29. Bandwidth
• 8K TV: 300 Mbps
• Pacific Light Cable Network (Google,
Facebook, TE SubCom and Pacific
Light Data Communication)
• HK to Los Angeles: 120 Tbps
• Marea (Facebook)
• Virginia Beach to Bilbao: 160 Tbps
• Network slicing: European Union
financing $8.9 million for 5G
31. Labor Market Analytics
• Better understanding of demand
• Job postings, Patent filings, venture capital investments, stock markets,
journals, unstructured data
Jobs posted by Motor Vehicle Manufacturers and Motor Vehicle Parts Manufacturers
35. In conclusion
• Need for a strategic futures approach at the highest level
• Keystone initiatives for attracting investments
• Next generation digital infrastructure
• New approach to skills development
• New institutional structures for policy making