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Dubai Future Foundation highlights 10 megatrends that will shape the world in 2024

Nanoscale printing, biomaterials, explainable AI (XAI) and next-generation climate technologies are among the potentially world-transforming megatrends identified in the second edition of Dubai Future Foundation’s annual report published on Monday.

He report “Navigating the megatrends that will shape our future in 2024”was released on the first day of the World Government Summit (WGS) 2024, which will be held under the theme “Shaping Future Governments” of February 12-14 in Dubai.

The report examines the indicators shaping these megatrends, supported by current evidence and future expectations. These trends inform decision makers and foresight experts about various sectors and the potential opportunities in each of them.

Khalfan Belhoul, CEO of Dubai Future Foundationsaying,

“This report was launched in line with DFF’s efforts to identify and communicate those trends with the greatest potential to shape opportunities and strengthen local and international partnerships to overcome current and future challenges.”

“The challenges we face on our journey into the future require us to be agile enough to be able to adapt to rapid changes. It is vital that we pay attention to the signs we detect; Only then can we be prepared to overcome challenges and take advantage of opportunities. The World Government Summit provides a platform to discuss these challenges and explore opportunities.”

10 megatrends for 2024

Materials revolution

New types of materials will create a shift in the industry, with artificial intelligence (AI)-based solutions, such as biopolymers, biorefineries and chemical recycling, paving the way. These solutions will facilitate the development of new biological and novel materials that could rival plastics.

Unlimited multidimensional data

Thanks to developments such as 5G and 6G, as well as advanced connectivity, the availability of raw data will increase enormously. The Internet of Things (IoT) will continue to be deployed in healthcare, agriculture and smart cities, especially in the Middle East.

Technological vulnerabilities

The cybersecurity sector is set to boom amid a sharp rise in smart home devices and wearable technology. According to a report from Allianz, the annual cost of ransomware is expected to reach around $265 billion by 2031. Meanwhile, the debate over the future of decentralized finance will continue.

Energy limits

Advances in technology and increasing demand for energy will drive the search for alternative energy sources. Novel materials and artificial intelligence will improve current sources of energy, including its distribution around the world and in space.

Save ecosystems

Conservation approaches will become more interdisciplinary and future-focused, taking into account both social and environmental factors. Driven by resource scarcity, climate change and changes in social values, environmental impact management will become increasingly holistic.

A world without borders: fluid economies

The world is witnessing an increase in immediate transactions in finance, health, education, trade, services and even space, which are blurring borders and creating more cross-border communities. Advances in communications, computing and advanced artificial intelligence will accelerate the creation of a borderless world that will change the way we work, live and connect.

Digital realities

The expansion of 5G and 6G networks will improve the applications of autonomous and IoT technologies. As quantum technologies become scalable and reliable, immersive experiences will become even more realistic.

Living with autonomous robots and automation

Robotics and automation will increasingly be deployed in industries beyond automotive, manufacturing and supply chain logistics. This will provide opportunities for efficiency and innovation, although there will also be ethical challenges to address.

Future humanity

New norms will emerge in the workplace and people will need to adapt to non-traditional skill sets in areas such as digital literacy, communications, culture and sustainability.

Advanced Health and Nutrition

Accelerated progress in advanced artificial intelligence, nanotechnology and biotechnology, additive manufacturing and IoT will transform health and nutrition, improving the health and well-being of people of all ages. The technology will reduce, if not eradicate, some communicable and non-communicable diseases and improve the sustainable use of and access to water and food.

News source: Emirates News Agency

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