Changing Demographics: Q&A with HP Labs

I recently sat down with HP Labs for Part 3 of a five-part series discussing HP’s future technology vision, and how key global forces known as Megatrends are being used to shape that vision and our future. Megatrends are global socio-economic, demographic and technological forces that will have a sustained and transformative impact on businesses, societies, economies, cultures and our personal lives in unimaginable ways in the years to come.

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One of the trends that will dramatically shift the tapestry of our society is Changing Demographics. I sat down with HP Labs to discuss this trend and how it will impact our future. Here’s a preview of our conversation:

How would you describe Changing Demographics?

On one hand, we have a new generation that is beginning to enter the workforce. Numbering 2.6bn globally, Generation Z (Gen Z) is about a quarter of the US population and will account for 40% of all consumers by 2020.  By 2020, Gen Z will make up 36% of the GLOBAL workforce. [Source: US Consensus Bureau]

This generation has never known a world without the Internet and generation was raised on using five screens, a smartphone, tablet, laptop, desktop and TV, to communicate and digest information instantaneously, but are equally easily distracted. Having never spent a day of their lives offline, they are acutely aware of the issues and global challenges happening in the world around them.  As a result, they are 54% more likely to say they want to have an impact on the world as compared to millennials. [Source: Sparks & Honey, Millennial Branding, Salt]

Yet at the same time more countries are becoming super-aged, which means more than 20 percent of their population is over the age of 65. By 2030, we’ll have twice as many people over age 65—nearly one billion.

In fact, per the World Bank Databank, by 2060 we’ll have 3B more people over the age of 30 than we do today. And as more countries are becoming super-aged with more than 20% of their population over the age of 65, we will experience a shrinking and aging workforce. China is a perfect example of this phenomenon. Today 26% of their population is over the age of 55. And according to UN Population data, that number will grow to 43% by 2030. To deal with this shift, China recently rescinded their one child policy after 35 years.

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To read the entire interview, head over to HP Labs’ blog and let me know your thoughts on Megatrends and their impact on our future in the comments section below.

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Megatrends: Rapid Urbanization

I recently sat down with HP Labs for Part 2 of a five-part series discussing HP’s future technology vision, and how key global forces known as Megatrends are being used to shape that vision and our future. Megatrends are global socio-economic, demographic and technological forces that will have a sustained and transformative impact on businesses, societies, economies, cultures and our personal lives in unimaginable ways in the years to come.

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Megatrends: HP’s future technology vision

I recently sat down with HP Labs for Part 1 of a five-part series to discuss HP’s future technology vision, and how key global forces known as Megatrends are being used to shape that vision and our future.

Here’s a preview of our conversation.

Can you explain to us what you mean by Megatrends?

Megatrends are global socio-economic, demographic and technological forces that HP believes will have a sustained, transformative impact on the world in the years ahead – on businesses, societies, economies, cultures and our personal lives.

The world is in a constant state of change. In the next 15 years there will be more change than in all of human history to date.  And while we can never really know the future, understanding the Megatrends that are shaping the world around us can help point the way, and guide us on where the world is going, and the technology that will be needed into the future to help improve our lives.

At HP, we’ve identified four major Megatrends that we think are important: Rapid Urbanization, Changing Demographics, Hyper Globalization, and Accelerated Innovation.

Mass Urbanization | AndrewBolwell.com

Let’s start with Rapid Urbanization: by 2030 there will be 8.5 billion people walking the earth. They will be drawn to cities in massive numbers for the promise of a better life.  Cities will become larger creating megacities. With bigger cities come major economic growth, particularly in emerging markets.  According to McKinsey by 2025, urbanization will welcome an additional 1.8B consumers to the world economy, 95% of them in emerging markets. It will also change how we buy and consume products and services, propelling the sharing economy and convenience-based services.  But such rapid urbanization will also take a toll on the environment, requiring us to find ways to reduce the strain on our natural resources and infrastructure.

To read the article in it’s entirety and the role I envision HP playing, please visit HP Labs’ blog.

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Innovation: Staying in the Moment

In this TED talk, Joi Ito, head of the MIT Media Lab, shares how he used personal experiences to create one of the most successful citizen science projects in the world.

At HP, we’re constantly building and reinventing things. Staying in the moment or being a “now-ist”, as Ito calls it, is crucial when it comes to innovation. Here are my four tips for staying in the moment:

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