Artificial intelligence will define the world of 2030, according to Bank of America

Jane Anderson
Jane Anderson
Artificial intelligence will define the world of 2030, according to Bank of America

The next five years promise to break the rules that have traditionally ruled the economic system and markets to build A new strategic framework. The road to 2030 will be marked by a turn to micro trends, after years characterized by globalization. With technology, shaping everything we know, people and companies face a challenging period that will determine the new decade.

Bank of America. has identified eight trends that will define what is left of decade

This is noted by the Research Institute of Bank of America In its report “The World in 2030”, in which you collect and analyze Eight great trends that they will define the world during the next five years. As noted, the micro will take prominence events as the rhythm of technological disruption and the widespread adoption of artificial intelligence is accelerated.

Next, we reveal the eight forces that, according to Bank of America, will move the system over the next five years:

Technology leadership

The report emphasizes that technology is promoting a new phase of development, led by the Revolution of artificial intelligence. It is expected that in the coming years prices will fall and that AI will be integrated into all aspects of life. This is also expanding and improving its capacities to include tasks that require reasoning, helping to address increasingly complex problems.

The advance of AI will favor, among other things, the proliferation of intelligent agents, the development of the Robotics And the transformation towards Industry 6.0, whose objective is to minimize human intervention by creating fully integrated intelligent manufacturing systems.
In addition, the Quantum computing Progress significantly, as will the scenario of general artificial intelligence.

Growing digital insecurity

As artificial intelligence grows, so do the risks and dangers associated. In this sense, the institution points to the growing digital insecurity, marked by “Death” of privacy, the proliferation of “Deepfakes” and the increase in cybercrime.

On the other hand, technological evolution will transform the labor landscape and force millions of people worldwide to recycle to remain relevant in the business ecosystem.
In addition, at the social level, an increase in time dedicated to social networks will be observed, which, according to the report, will generate greater sensation of isolation despite the immense opportunities to digitally connect.

Generational relay

In his analysis, Bank of America considers that in the coming years the patterns of Consumption of gene generation and the Baby Boomers Aging have a strong influence on the world economy. The former will be the largest population group and will predictably have a high level of income. For their part, the seconds will have accumulated significant wealth that will liquidate during their retirement.

Health is the new wealth

The importance of Health will be a key engine of economic growth and social change. Welfare is already a larger market than many global mega-Industrias, such as information technology, green economy, sports or pharmaceutical products. And will continue to be in the coming years as it expands and diversifies.

The application of artificial intelligence In this sector it will be key to its growth, and it is estimated that it will play a fundamental role in early diagnosis, personalized therapies or the optimization of clinical trials.

In addition, the New Products Developmentlike Ozempic and other similar ones, they could impact beyond the management of diabetes and obesity and used in Alzheimer’s and cardiovascular diseases. Its effect could modify long -term consumer behavior, benefiting some industries and compromising others.

The need for more resources

Bank of America argues that the exponential growth of technology will imply more resources and infrastructure, which adds to the growing needs derived from population growth. Thus, more energy capacity will be needed, which could compromise the global decarbonization objectives.

Along these lines, semiconductors and other materials whose extraction pose risks to scarcity and geopolitics will also be increasingly necessary. The requirement of fiber and advanced networks will also be greater, as well as that of real estate to host data centers. These, meanwhile, will cause a greater demand for water for refrigeration, and will do so in a global heating context that threatens that resource.

The modernization of existing infrastructure assets will mark the coming years

Infrastructure generation

The report indicates that it is necessary Expand and modernize infrastructure globally to accommodate demographic, sustainability and innovation trends. And this will imply the investment of large budgets to modernize existing assets and bet on new ones.

In this regard, the world energy system evolves towards more diversified generation and storage sourcesbut it must exponentially increase its ability to accommodate the electrification of mobility, buildings and industries, and also to the aforementioned data centers.
The management, optimization and supervision of the electricity grid in turn will lead to greater digitalization and automation.

Populism boom

The growth of populism is marking politics in the 2020s, and will continue to intensify in the next five years. The citizens They are increasingly moving away from traditional political leaders and parties in response to increased inflation, immigration and inequality.

In this sense, the report suggests that populist policies in the coming years will probably mean less globalization, stricter policies against immigration, less independence from central banks and greater economic protectionism.

Conflicts and pacts

Within the framework of socio-political transformations, Bank of America points out that the era of relative peace and globalization that characterized the period between 1990-2010 have been replaced by armed conflicts, commercial and technological wars and greater geopolitical tension.

This directly impacts issues such as tariffs, export strategies, exploitation of raw materials or production location. Consequently, companies have had to adapt both to respond to these market challenges, and the perception that consumers have of them.