TWENTY FOR ‘20

WILL THE NEW DECADE BE AS TRANSFORMATIVE AS THE LAST? EY EXAMINES THE QUESTIONS THAT WILL SHAPE THE NEXT DECADE

As the physicist Nils Bohr once said: “Prediction is very difficult, especially if it’s about the future.” Many of the revolutionary changes of this past decade were relatively easy to predict. We expected the proliferation of digital technology and new media in every part of our lives, from smart TVs to wearables. And the climate crisis was looming well before the dawn of 2010 with many already highlighting the increasing urgency of the climate crisis. Other changes were less obvious, like the emergence of the gig and sharing economies, and the return of geopolitical and economic uncertainty.

As we move into a new decade, some of these transformations will continue. Populations will keep growing, particularly in developing economies. Climate-related risks will intensify. Politics will likely continue to be unpredictable. And whole new technologies, from 5G to biotech to quantum computing as well as others not yet invented, will transform the world.

In this new decade, we’ll discover ways to promote human health, communicate and share with each other, and protect the planet. There will be new art forms, and new ways of living. Business models, companies, and jobs will emerge, and quickly feel as though they’ve been with us forever. Some of these changes we can anticipate; others will take us by surprise.

Here, we take a look at 20 topics, trends and insights we’ve examined over the past 12 months to frame the critical questions the working world will need to address in the next 120.

GROWTH: HOW CAN WE CREATE LONG-TERM VALUE?

The world keeps growing, and businesses need to prepare for whatever form that takes.

1. Will the CEO become society’s chief problem-solver?