The Corona pandemic is still keeping us on tenterhooks, and it is still not possible to foresee all the economic, political and social consequences. The second great challenge of our time, the climate crisis, is also a mammoth task that requires all of us to rethink and confronts us with a great unknown. Forced to do so, the motto is therefore to learn how to deal with uncertainty and find ways to counter it.
A decisive key to this lies in digitization. This has taken an enormous step forward, especially during the past two years. Systems could only be maintained with the help of technological solutions - mobile working or digital learning, for example, enabled us to stay at home without completely losing touch. But it also increases the vulnerability of such systems and that of their users.
Five digital megatrends
Either way, this development is paving new paths for us and enabling a future in which we can digitally outsource certain tasks. This sounds a bit abstract, but it can be illustrated quite well by five megatrends that will play significant roles in the next few years as a result of digitalization.
It has already arrived in our everyday lives: Artificial Intelligence (AI) is in our search engines, cars and voice assistants. Often, we don't even notice it. The technologies subsumed under AI and Deep Learning will bring fundamental and far-reaching changes, but also great opportunities for business and society.
Terms such as "intelligent networking" will revolutionize entire sectors, i.e. areas such as education, energy, transport, health and administration. Jobs and jobs will disappear because they will be replaced by AI, but entirely new markets and industries will also emerge. We are facing a very complex development here that will change the entire labor and market landscape.
Megatrend number 2: New Mobility
The breakthrough of e-mobility has long been here, and the next stage of development is autonomous driving. But New Mobility is about more than the fact that combustion engines are dying out - rather, it will change the entire traffic behavior, especially in urban areas.
For example, people could soon be flown from city centers into the surrounding countryside or to airports by volocopters, i.e. air cabs, at surprisingly low cost and with considerable time savings. At surprisingly low cost and with considerable time savings, which will also have an impact on the real estate markets.
Megatrend number 3: FinTech
Global money transactions are becoming easier and cheaper. FinTech is about digital technologies used to dramatically improve and simplify activities and processes around financial services. Cloud-based trading platforms and AI-powered robo-advice are just two examples here.
Especially in traditional sectors such as industry or banking and insurance, new challengers will shake up the market and play a role in shaping it: the integration of new technologies is the key to success here.
Megatrend number 4: Crypto networks
Bitcoin and Co., just like NFTs (Non Fungible Tokens), represent a new virtual "currency unit". Blockchain-based networks are very promising, offering enormous potential for the financial industry, for trade, for the service sector and even for the art world. Digital assets are becoming the new gold.
Megatrend number 5: BioTech
The healthcare sector is also facing a revolution. Shaped by our increasingly aging society, digitization and robotics are playing a major role. Whether it's smart home solutions that enable older people to live in their own homes for as long as possible thanks to digital networking, developments in the field of robotics that come into their own in care for the elderly and the sick, or even AI-based systems that can help with the therapy of illnesses - the benefits of technological progress appear to make more sense in no sector than in the field of health.
Opportunities for private banking
All these technological megatrends - individually and in combination with each other - will profoundly change all sectors. Some sectors will expand exorbitantly, others will lose importance. These developments will always come. It is up to us to face them with an open mind, to see the benefits in them and - as best we can - to participate in them.
So the question must be: How can we benefit from them? One answer certainly lies in the form of investment opportunities on the stock and financial markets of this world. - it is definitely worthwhile for investors to start looking at the new sectors now.
Good advice will become all the more important and will require new skills in private banking as well, which will secure its future in the long term. Good advice is not free, bad advice is priceless. Stay healthy and change courageously.
A decisive key to this lies in digitization. This has taken an enormous step forward, especially during the past two years. Systems could only be maintained with the help of technological solutions - mobile working or digital learning, for example, enabled us to stay at home without completely losing touch. But it also increases the vulnerability of such systems and that of their users.
Five digital megatrends
Either way, this development is paving new paths for us and enabling a future in which we can digitally outsource certain tasks. This sounds a bit abstract, but it can be illustrated quite well by five megatrends that will play significant roles in the next few years as a result of digitalization.
- Artificial Intelligence,
- New Mobility,
- FinTech,
- crypto networks and
- BioTech.
It has already arrived in our everyday lives: Artificial Intelligence (AI) is in our search engines, cars and voice assistants. Often, we don't even notice it. The technologies subsumed under AI and Deep Learning will bring fundamental and far-reaching changes, but also great opportunities for business and society.
Terms such as "intelligent networking" will revolutionize entire sectors, i.e. areas such as education, energy, transport, health and administration. Jobs and jobs will disappear because they will be replaced by AI, but entirely new markets and industries will also emerge. We are facing a very complex development here that will change the entire labor and market landscape.
Megatrend number 2: New Mobility
The breakthrough of e-mobility has long been here, and the next stage of development is autonomous driving. But New Mobility is about more than the fact that combustion engines are dying out - rather, it will change the entire traffic behavior, especially in urban areas.
For example, people could soon be flown from city centers into the surrounding countryside or to airports by volocopters, i.e. air cabs, at surprisingly low cost and with considerable time savings. At surprisingly low cost and with considerable time savings, which will also have an impact on the real estate markets.
Megatrend number 3: FinTech
Global money transactions are becoming easier and cheaper. FinTech is about digital technologies used to dramatically improve and simplify activities and processes around financial services. Cloud-based trading platforms and AI-powered robo-advice are just two examples here.
Especially in traditional sectors such as industry or banking and insurance, new challengers will shake up the market and play a role in shaping it: the integration of new technologies is the key to success here.
Megatrend number 4: Crypto networks
Bitcoin and Co., just like NFTs (Non Fungible Tokens), represent a new virtual "currency unit". Blockchain-based networks are very promising, offering enormous potential for the financial industry, for trade, for the service sector and even for the art world. Digital assets are becoming the new gold.
Megatrend number 5: BioTech
The healthcare sector is also facing a revolution. Shaped by our increasingly aging society, digitization and robotics are playing a major role. Whether it's smart home solutions that enable older people to live in their own homes for as long as possible thanks to digital networking, developments in the field of robotics that come into their own in care for the elderly and the sick, or even AI-based systems that can help with the therapy of illnesses - the benefits of technological progress appear to make more sense in no sector than in the field of health.
Opportunities for private banking
All these technological megatrends - individually and in combination with each other - will profoundly change all sectors. Some sectors will expand exorbitantly, others will lose importance. These developments will always come. It is up to us to face them with an open mind, to see the benefits in them and - as best we can - to participate in them.
So the question must be: How can we benefit from them? One answer certainly lies in the form of investment opportunities on the stock and financial markets of this world. - it is definitely worthwhile for investors to start looking at the new sectors now.
Good advice will become all the more important and will require new skills in private banking as well, which will secure its future in the long term. Good advice is not free, bad advice is priceless. Stay healthy and change courageously.