30 ideas changing your world.

For the first time in Australia, insight & foresight has dived into the world leading Futures Platform™ database and curated 30 top trends across funding, operations and services that for-purpose organisations must consider when planning for impact and future growth.

Trust in Public Authorities.

Non-Fungible Tokens (NFT).

Perpetual Bonds.

Social E-Commerce.

Impact Investments.

Public-Private Partnerships in Healthcare.

Social Media Money Transfers.

Participatory Budgeting.

Blockchain Revolution.

Rise of Third Sector Services.

Hybridisation of Society.

Diseases of Affluence.

On-Demand Services.

The Collapse of the Healthcare System.

Omics for Health.

Trust in Public Authorities. Non-Fungible Tokens (NFT). Perpetual Bonds. Social E-Commerce. Impact Investments. Public-Private Partnerships in Healthcare. Social Media Money Transfers. Participatory Budgeting. Blockchain Revolution. Rise of Third Sector Services. Hybridisation of Society. Diseases of Affluence. On-Demand Services. The Collapse of the Healthcare System. Omics for Health.

Futures Intelligence.

Industry 5.0.

Zero-Contact Services.

Leadership Crisis.

Autonomous Teamwork (Holacracy).

Business Ecosystem Customership.

Facilitating Surprises.

Real-Time Data.

Swarm Work (Micro- and Macrotasking).

Adaptability and Modifiability.

Social Ranking Systems.

Leased Standard of Living.

Tailored Equality.

Ageing World Population.

Universal Basic Income.

Futures Intelligence. Industry 5.0. Zero-Contact Services. Leadership Crisis. Autonomous Teamwork (Holacracy). Business Ecosystem Customership. Facilitating Surprises. Real-Time Data. Swarm Work (Micro- and Macrotasking). Adaptability and Modifiability. Social Ranking Systems. Leased Standard of Living. Tailored Equality. Ageing World Population. Universal Basic Income.

New data for new ways of thinking.

Read the faqs below of go straight to the funding, operations or services data summaries. We also have a special offer for you to receive a detailed knowledge sheet on the phenomena that sparked your curiosity the most - see the offer here.

  • Futures intelligence is the trends, signals and emerging changes that organisations and industries use to build plans and make decisions that help them thrive in an uncertain and fast changing world.

    Organisations use futures intelligence to identify change and make decisions about where to allocate resources, which new products or services to develop, which markets to enter and how to respond to disruptive challenges.

    Futures intelligence can come from anywhere. They could be a technology, a product or service, a social media topic, a research project, a news story, or just a piece of data that shows something is different or changing.

    Futures intelligence is not about predicting the future, rather it is about understanding the factors that will shape it. This understanding gives you the ability to make decisions today that will have a positive impact on your organisation's futures.

  • A foresight radar is a powerful tool for exploring and understanding futures. By systematically mapping out potential futures, it can help organisations and individuals to make critical decisions and prioritise actions. The foresight radar is also a valuable tool for collaboration, allowing different stakeholders to share their insights and perspectives on futures. Ultimately, the foresight radar is an essential tool for anyone interested in creating better futures.

  • The insight & foresight team started with the question: What emerging change could impact the for-purpose sector in Australia over the next 5 to 10 years?

    We then dived into the Futures Platform database of over 800 trends, signals and emerging changes. We identified 92 that we believed were relevant to the question. From here we grouped then into 3 segments - funding, operations, services. In each segment we narrowed the list down to 10 that we thought were the most significant.

    We avoided trends that were already being discussed frequently in the mainstream like the Metaverse, artificial intelligence, virtual/augmented realities, and developing technologies like Web3 and 6G wifi.

    The list of 30 is not definitive but designed to give a concise dataset that can spark curiosity and drive new thinking.

    Remember, these are not predictions, rather observations built by academically and commercially trained futurists. The 30 selected all fall within the context of the starting question - a different question could yield a very different set of data. Every context differs and this makes the process very unique and powerful to the people using it.

    It’s not a generic dataset. Every projects starts with a context and question unique to the client, and we build out the insights that best suit your needs.

  • Foresight is all about looking into futures and getting prepared for what might happen next.

    Organisations make plans and decisions built around assumptions of what the world will be like. If things change, your plans and decisions may need to change as well. Foresight helps you better understand the impact of change on your planning and decision making.

    This list of 30 should spark your curiosity and drive new thinking. In a foresight project the process to distil the dataset would involve workshops/surveys and discussions across a range of stakeholders. Once we had created an initial dataset we would workshop the data into possible, probable, preferred and wildcard scenarios that would be used to build and test plans, decisions and actions.

    If you're curious about what your organisation’s futures might hold, contact us today to learn more about how we can help you prepare for it.

Funding.

Critical to any for-purpose organisation is funding to deliver impact. We have identified 10 trends that could change for-purpose business models and the way funding is secured.

  • Trust is a key ingredient for the proper functioning of any society. It is the cornerstone of cooperation and collaboration, without which institutions would crumble and social order would quickly deteriorate. Unfortunately, trust in public authorities and leaders is declining around the world. Poor institutional performance, slow response to global agenda, and increasing economic inequality are depriving citizens of faith in their public institutions. Furthermore, unprecedented turbulence caused by the COVID-19 pandemic has put public trust to the test. Most governments are not performing as well as expected. The Futures Platform team’s assessment indicates that the continued erosion of trust could trigger a vicious cycle of internal conflicts and even deeper distrust. Given the importance of trust for social cohesion, this is a trend that we must all work together to reverse.

  • Non-fungible tokens, or NFTs, are digital assets that are stored on a blockchain. Unlike physical money or cryptocurrencies, each NFT has a unique identification code that makes it impossible to exchange NFTs at equivalency. This unique code allows for the creation of a one-of-a-kind digital asset, which can be anything from digital art to music or videos. NFTs are introducing a new level of ownership and innovation over digital items. In the future, NFTs will be the key to the metaverse as the virtual world of the future is rapidly coming to fruition. Thanks to NFTs, we will soon be able to own and trade virtual items in the same way that we do physical ones.

  • Perpetual bonds are a type of debt that does not need to be repaid, only the annual interest needs to be serviced. The demand for these types of bonds is still rare, but with the aging societies' mounting national debts and related fiscal costs escalating due to worsening public economy deficits, slowing economic growth, and the pandemic's impact, it is probable that many ageing industrial countries will introduce perpetual bonds before 2030. This could help ease the burden of debt repayments, but it is still unclear how these bonds would impact economies in the long run. Perpetual bonds could provide a much-needed lifeline for ageing societies, but only time will tell if they are truly beneficial in the long term.

  • Social e-commerce is a relatively new phenomenon, and it's one that is growing in popularity. Essentially, social e-commerce refers to combining commerce with social media activity. This can take several different forms, but the key thing is that it enables buying items without leaving the app, making purchasing seamless and fast. For businesses, social e-commerce provides several advantages. Acting within social media lowers the purchase threshold and enables multiple forms of engagement with the buyer and the seller, depending on the platform used. Social e-commerce also provides businesses with valuable data about their customers' interests and preferences. As social e-commerce becomes more popular, it's likely that we'll see even more businesses adopting this model.

  • Impact investment is a type of investment that intends to generate positive, measurable social and environmental impacts alongside financial returns. Impact investments can take many different forms, but all aim to create positive change in the world. The volume of impact investment is expected to start growing quite rapidly in the coming years, as more and more people become interested in making a difference with their money. Impact investment is linked to other similar ideas such as conscious capitalism, sustainable investment, and ethical investment. All these concepts share a common goal: to use business as a force for good. As the world becomes increasingly interconnected, it is more important than ever before that we work together to create a bright future for all. Impact investing is one way that we can make this happen.

  • Public-private partnerships are seen as an effective way to capitalise on the relative strengths of the public and private sectors to address problems that neither could tackle adequately on its own, in particular in respect of quality, access, financial optimisation and innovation in the health sector. A significant advantage of public-private partnerships is that governments can notably save money, while patients with less money or healthcare coverage have access to superior care. In a way, public-private partnerships bridge the gap between those who have access to quality care and those who do not. Critics point out that these partnerships can lead to increased privatisation of essential services and decreased transparency and accountability. Supporters argue that public-private partnerships are necessary to improve access to quality care.

  • Social media has become an integral part of our daily lives, influencing how we communicate, do business and marketing. Today, money transfer services are also becoming integrated into these platforms. Social media money transfers are fast, convenient, and secure way to send money to friends and family. The sender just needs the recipient's email address or phone number. The transaction is completed within minutes, and there is no need to go through a bank or another financial institution. Social media platforms are quickly becoming one-stop-shops for all our needs, and it is not surprising that money transfer services are the latest addition to this list. Who knows what other services will be integrated into these platforms in the future?

  • Participatory budgeting is a democratic process of allocating public funds. It allows community members to take part in ideation and decision-making and has been implemented in various projects around the world. Participatory budgeting has many benefits, including increasing transparency and accountability, empowering marginalised groups, and improving socio-economic outcomes. However, participatory budgeting also has some challenges, such as the risk of capture by special interests and the need for skilled facilitators. Overall, participatory budgeting is a promising approach to improving democracy and public governance.

  • Blockchain technology is not just limited to the cryptocurrency world. In fact, it has the potential to bring about a technological revolution that is on par with the Internet. Blockchain is a data securement system that records information in a way that makes changing or hacking the data extremely difficult. It is one form of Distributed Ledger Technology (DLT) where records of transactions are stored in public digital ledgers distributed across the network. The advantage of blockchain technology is that it is highly secure and scalable. Additionally, blockchain can be used to create new business models and optimise existing ones. For these reasons, it is no surprise that major companies and organisations are taking notice of blockchain and its potential applications.

  • In recent years, there has been a shift in the way social and health services are provided. In many countries, the public sector is no longer the sole provider of these services. Instead, an increasing number of services are being delivered by the third sector. This sector includes a wide range of organisations, such as charities, non-profits, and community groups. There are several reasons for this growth. First, there is a rising need for social and health services. This is due to factors such as population growth and aging. At the same time, there is a decrease in funding resources available from the public sector. This is often due to austerity measures or tax cuts. As a result, more and more services are being delivered by the third sector.

Source: Futures Platform™ - June 2022

Operations.

What’s going to drive change in the engine rooms of for-purpose organisations over the next 5 to 10 years?

  • Futures intelligence is a relatively new field that is still evolving. It offers a versatile set of tools and methods for understanding future changes and their potential impacts. Futures intelligence utilises various knowledge types and methods, ranging from data modelling to scenario-making, horizon scanning and futures prototyping. With the accelerating complexity of change and the effect of the COVID-19 pandemic, it is highly likely that more organisations will integrate futures intelligence into their planning and decision-making processes.

  • What will the next industrial revolution look like? Industry 5.0 is already upon us, and it's turning our focus back to humanity. In this new era of cognitive computing, robots will help humans work better, faster, and safer. Unlike the previous industrial revolution, which saw accelerated automation and dehumanisation, Industry 5.0 aims to generate the highest benefits from better collaboration between machines and humans. This is an exciting development that has the potential to transform the way we work and live. With the power of cognitive computing at our fingertips industry 5.0 could be the beginning of a new era of human achievement.

  • Zero-contact services are rapidly becoming more common because of the COVID-19 pandemic. Companies are looking for ways to provide service without customers having to come in contact with employees or equipment. Restaurants, transport services, shops and numerous other actors have had to think of new ways to avoid the risk of infection during a pandemic. It is likely that many of the new practices will persist even after the pandemic has subsided, as contact involves the potential for a wide range of other microbes to spread. Zero-contact services may take many different forms, but they all share the goal of reducing or eliminating customer-employee contact.

  • It is no secret that we are facing a leadership crisis. Across the globe, organisations are being challenged like never before and yet, there is a growing disconnect between those in power and the competency required to meet these challenges. This is a recipe for disaster. If leaders do not embrace diversity, remove ego, and strengthen morality, organisations will struggle to grow and could face unforeseen risks. It is time for a change. We need leaders who can navigate the complexities of the modern world and who are committed to making a positive difference. Only then can we hope to address the many challenges we currently face.

  • Autonomous teamwork, or holacracy, is a management style that encourages groups to manage their own work and working practices. This model of management promotes distributed authority, fast iteration, and aims to be dynamic and flexible by reducing unnecessary micromanagement and bureaucracy. Autonomous teams are generally allowed to select and train new members, set their own work pace, supervise most of their own activities and often trade jobs among themselves. This kind of management style can be beneficial for organisations as it enables them to be more agile and responsive to change. However, it is important to note that autonomous teams require a high degree of trust and cooperation among team members to function effectively.

  • Businesses have always been in competition with each other, but the nature of that competition is changing. In the past, companies competed to offer the best products and services in a particular field. However, today's corporations are increasingly aiming to build comprehensive ecosystems of products and services that can lock consumers into their brand. This shift is being driven by the rise of new business models like subscription-based services and the growing importance of customer data. By offering a complete ecosystem of products and services, companies can acquire customers who are dedicated to the umbrella brand. This shift is already underway, and it is likely to spread to more and more industries in the coming years. As traditional business models are replaced by eco-systemic play-offs, the landscape of competition will be transformed. Think about your own product decisions – are you Apple or Android? Google or Microsoft?

  • What does it mean to try and play it safe? For companies, this may look like maintaining the status quo or adhering to tried-and-true methods that have worked in the past. However, in a rapidly changing world where international competition is intensifying, this approach is no longer sufficient. To stay ahead of the curve, companies must be willing to experiment and take risks. Facilitating surprises is one way to do this. By encourage creativity and openness to new ideas, companies can tap into a wealth of innovative solutions. In an ever-evolving landscape, Facilitating Surprises may well prove to be a competitive advantage.

  • Real-time data is increasingly becoming available as our world becomes more digitised. This data is created by sensors that collect information about our environment and the various processes taking place around us. Combined with big data, the amount of real-time data is growing exponentially. This presents both an opportunity and a challenge for businesses and organisations. On one hand, real-time data analysis can provide valuable insights in a variety of areas such as marketing and product development. On the other hand, dealing with such a large volume of data can be daunting. As we move forward, it will be interesting to see how businesses and organisations make use of real-time data.

  • Swarm-work is a relatively new phenomenon, made possible by advances in technology. By breaking up a task into tiny assignments, either directly or through a platform, Swarm-work allows for a high number of subcontractors to work on a project, even if the creator of the job does not know them personally. Micro- and macro-tasking are two types of Swarm-work, which differ in terms of the scope and requirements of the task. While micro-tasks are typically simple and can be completed quickly, macro-tasks may be more complex and time-consuming. Despite these differences, both types of Swarm-work have the potential to provide cost-effective and efficient solutions to a variety of challenges.

  • We live in an increasingly adaptable and modifiable world. As technology advances, and as we become more accustomed to tailoring our experiences to our individual needs, the ability to adapt and modify will become increasingly essential. Those brands or services that lack adaptability or modifiability will be seen as backward and outdated. This is the natural result of prosumerism, which is when the consumer takes part in the design process of the services they consume. We no longer want to simply consume what is available to us, we want to be able to shape and mold it to our own needs and preferences. In the future, adaptability and modifiability will be key, and those brands or services that can't keep up will be left behind.

Source: Futures Platform™ - June 2022

Services.

For-purpose organisations deliver services that solve problems for people. Here’s 10 trends that you should be aware of that could reduce, increase or create new problems to solve.

  • Hybridisation has always been a part of human society, but it seems to be accelerating in recent years. One area where this is evident is in the way we interact with technology. We now have hybrid devices that combine the best features of smartphones and laptops, and we can even purchase clothing that includes built-in technology. The concept of hybridisation is also becoming increasingly popular in the business world, as traditional companies are seeking to adopt the agility and flexibility of start-ups. Even our understanding of identity is changing, as people increasingly see themselves as a collection of multiple identities rather than just one fixed label. In a sense, hybridisation is causing us to re-examine everything we thought we knew about the world and our place in it.

  • Diseases of affluence are commonly considered to be chronic diseases and other health conditions caused by the increasing living standards. These diseases have become a growing concern in low-and middle-income countries. In the future, deepening income disparities will further exacerbate the situation and impede economic growth across the globe. Diseases of affluence include obesity, type II diabetes, cardiovascular disease, and certain cancers. Many of these diseases are preventable through lifestyle changes such as diet and exercise. However, the high cost of healthy living and the lack of access to healthcare in many parts of the world make it difficult for people to make these changes. As a result, Diseases of affluence are a growing global health concern.

  • On-demand services are those that provide goods or services either instantly or in a minimal time. These types of services have seen a surge in popularity in recent years, as consumers increasingly prioritize convenience and efficiency. For instance, video and music streaming services have experienced unprecedented growth in subscribership amid lockdowns forced by the COVID-19 pandemic. On-demand solutions come as a blessing for customers with hectic modern lifestyles. By providing goods and services on an as-needed basis, on-demand services eliminate the need for planning and waiting. This can result in significant time savings for consumers, as well as increased satisfaction with the goods and services received. In an increasingly fast-paced world, on-demand services are poised to continue flourishing.

  • The healthcare system is under immense pressure. The population is aging, chronic diseases are on the rise, and mental health issues are becoming more prevalent. The burden on the healthcare system is increasingly unsustainable. The pandemic has placed an unprecedented strain on healthcare workers, who are now working around the clock to care for patients with COVID-19. The depletion of supplies and equipment is a major concern, as is the logistical nightmare created by the influx of patients. The healthcare system is at breaking point, and if we do not act now, it will collapse. The pandemic has shown us just how fragile our healthcare system is. We must do everything we can to support it, or we will face devastating consequences.

  • Omics is an interdisciplinary field of science that studies the structure and function of the entire collections of molecules that make up a human. Omics has the potential to revolutionise healthcare by leading the way toward personalised, predictive, and regenerative medicine. Omics for Health is an emerging field that aims to use Omics technologies to improve our understanding of human health and disease. Omics for Health is expected to have a major impact on healthcare, as it has the potential to provide insights into the cause and progression of diseases, as well as guide the development of new treatments and preventive strategies. Omics for Health is still in its early stages, but it has already made great strides in improving our understanding of human health and disease.

  • Social ranking systems are controversial, with some people arguing that they are a infringement of privacy and civil liberties, while others contend that they could be helpful in promoting good behaviour or allocating services. China's social ranking system is the first of its kind, and it will be interesting to see how it plays out. There are potential benefits and drawbacks to such a system, and it will be fascinating to see how other countries respond to the idea of Social Ranking Systems. Only time will tell whether Social Ranking Systems will become more prevalent or if they will fade away into the background. Regardless, they are sure to generate plenty of discussion and debate in the meantime.

  • Leasing your entire standard of living may sound like a foreign concept, but it could soon become reality. In the future, new kinds of business ecosystems may offer comprehensive customership, which would incentivise or force customers to acquire all possible services from a single service platform. This could include housing and mobility services, meaning that a customer could get a flat, cleaning service, and a car from one provider. This leased standard of living would fundamentally change the whole notion of ownership and destroy the fundaments behind contemporary business logic. While this may seem like a far-off possibility, it's important to be aware of the ways in which our world is changing and the potential implications of those changes.

  • Tailored equality is the belief that everyone should be given an equal chance to succeed, regardless of their circumstances. This contrasts with the traditional view of equality, which holds that everyone should be given the same service or opportunity. The move towards tailored equality is driven by the belief that everyone has different needs and abilities, and that not everyone is best served by the same approach. This shift in thinking is gradually leading to changes in policy and practice, as more and more organisations recognise the importance of giving everyone an equal chance to fulfil their potential. Tailored equality is still a relatively new concept, but it is one that is gaining increasing support as we move towards a fairer and more inclusive society.

  • The world is ageing. According to the UN, by 2050, one in six people will be over 65. This demographic shift is due to declining birth rates and increasing life expectancy trends. The populations are ageing at the fastest pace in East and Southeast Asia. Ageing brings about economic and social changes. The preparedness for this will vary according to each state’s economic resources. Ageing populations have implications for retirement programs, social safety nets, housing, and transportation. They also present a challenge for healthcare systems. To meet the needs of an ageing population, we need to better understand the social and economic changes that come with it.

  • Universal Basic Income has been a topic of discussion for many years now, particularly in Europe. Different kinds of basic income models have been proposed, and with the negative impact of the COVID-19 pandemic on economies, the discussion has gained even more momentum. Spain has introduced a basic income model, which has also prompted discussions of a pan-EU minimum income. Universal Basic Income is an interesting concept that could potentially have many benefits, but it also raises some questions. For example, how would Universal Basic Income be funded? how would it impact the incentive to work? Universal Basic Income is an intriguing idea that merits further exploration.

Source: Futures Platform™ - June 2022

Thinking in the space of not knowing.

When we first started working in the futures space, it was a bit of a shock to the system. We were so used to starting our planning using old information and data from the past, that moving into a forward-looking, conceptual space can feel daunting.

Don't worry - our team will guide you through the foresight tools and processes you need, so you can create your most powerful set of plans and actions to deliver impact and future growth. The Futures Platform data has been developed by world-leading futurists, using a proven methodology. So you can be confident that you're getting the best possible futures intelligence about what is impacting your futures.

We can't wait to show you what's possible.

Our offer to you.

When reading the list of 30 did one phenomena spark your curiosity the most? Tell us what it is and we will send you a detailed knowledge sheet with more information including reference articles, videos and potential impacts.

The for-purpose foresight radar in full.

Source: Futures Platform™