What’s Next? 2016

This partial forecast is created by our robot (Athena) from our latest analyzed daily Indicators with embedded AI developed by ForeKnowledge and text analytics from WebSummarizer. Learn more about this service and how to obtain the full forecast. Contact us to create your own.

What is changing?

Growth

  • The global economy will grow 3.6 percent in 2016.
  • Worldwide insolvencies will stabilise at 300,000 cases as 2015 marks the end of the post-crisis adjustment trend.
  • Equities are going to do really well in 2016, especially banks and blue-chip businesses. Banks will benefit from the Fed tightening and will boost their returns on equity as the economy expands.
  • The UK will remain one of the fastest growing economies in the G7.

Travel

  • Drivers will sync whatever information they need with their car.
  • IPhone users will be able to connect and use their phones to run and control most aspects of their in-vehicle infotainment system.
  • 12 percent of cars will be connected to the Internet by 2016.
  • Attacks on automobile systems will increase rapidly in 2016 due to the rapid increase in connected automobile hardware built without foundational security principles.
  • Sales of Bosch driver assistance systems will exceed one billion euros as soon as 2016.
  • 50% of Digital Travel Purchases in 2016 Will Be Via Mobile.
  • Some 62% of leisure travellers will research a trip on a mobile device this year, up by 26% on 2015.
  • In Japan a company called Robot Taxi has announced it will be working with the government to start testing robotic taxis as early as 2016.

Technology    

  • 2016 is expected to be a big year for smart devices, especially home automation systems and wearable devices.
  • 6.4 billion things will be connected to the Internet by the end of 2016.
  • Connected home networks could become the simplest way to hack into people’s lives or into their employer’s resources.
  • Watson is expected to be able to start ‘thinking’ in Arabic in the first quarter of 2016.
  • Smartphones are expected to maintain a healthy double-digit growth rate over the next few years.
  • Next year around 3m virtual-reality units will be sold worldwide.
  • Oculus will launch its full-scale Rift headset in the first quarter of 2016.
  • By 2016, there are expected to be a billion handsets in Africa.
  • Smart clothing will overtake the sale of fitness trackers by the end of 2016 as consumer products become available.
  • Globally, in 2016, payment cards will reach 2,866.9 million units, most of these cards will be contactless cards (47.5 percent).

Health

  • The telemedicine market next year will be worth $27 billion.
  • More U.S. hospitals and health care providers will forge ties with overseas medical institutions.
  • Both private and government payers will continue to expand telemedicine coverage as consumers gain experience with the technology and increasingly demand access to telemedicine-based services.

Oil

  • Benchmark U.S. crude oil prices will average about $55 a barrel in 2016.
  • Oil prices could continue to experience periods of heightened volatility.

Business

  • 50% of large organizations will use internal social networks resembling Facebook by 2016.
  • In 2016, 65% of large organizations will have committed to become information-based ones.
  • 1 billion connected things will be in use in the cross-industry business sector in 2016.
  • The number of people who work remotely will double by 2016.
  • Well-run organisations will stop using passwords and logins in 2016. Instead they will use identifiers that are harder to copy, fake, steal or guess, such as biometrics (fingerprints, retinas, posture, gait and even typing habits).
  • Electronics, chemical, automotive and agri-food will benefit the most from TPP while machinery and equipment, textile and energy may lag behind.
  • Gamification will be an essential element for brands to drive customer marketing and loyalty.
  • U.S. business travel spending will increase by 3.1 percent in 2015 and 3.7 percent in 2016.
  • 2016 will be the year of mobile payments.
  • 3D printer shipments are forecast to more than double every year between 2016 and 2019.
  • Worldwide shipments of 3D printers will reach 496,475 units in 2016.

Implications

Markets

  • 2016 could be the year when emerging market assets bottom.
  • There will be pressure in the EU to roll back sanctions on Moscow.

Security

  • Threat intelligence sharing among enterprises and security vendors will grow rapidly.
  • Concerns about online privacy will reach a tipping point in 2016, prompting regulators to crack down on companies, and consumers to demand greater protection.
  • 40% of IT organizations will shift their focus to advanced ‘contain and control’ security and away from a perimeter mentality.

 Energy

  • Oil could drop to $30 a barrel or even lower in 2016.

Migration

  • Europe’s frontiers will be blighted by the barbed-wired perimeters of “migrant processing” camps-and still hundreds of thousands of refugees will stream in.

Surprise

  • Drone-mounted lasers and muon scans could give archaeologists a better idea of whether or not a secret Tutankhamun tomb is present. Expect more revelations from other locations in 2016.

DRIVERS
growth  · oil · economy  · technology · costs · demand · forecast · oil prices · cars · production · brands · business · apps · GDP · economic growth · investment

Learn more

Develop your answer and response

Find the sources and more resources onShaping Tomorrow’sWhat’s Next?: 2016’ some of which were used in this Trend Alert, or ask us for our ready-madein-depth PowerPoint report or more detailed GIST briefing on this or any other topic of interest to you.

Also, click here to find out how ShapingTomorrow can help your organization rapidly assess and respond to these and other key issues affecting your business.

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