Design

WHAT'S NEXT?: Design thinking will increasingly play a key role in improving systems and customer experiences. Companies will re-learn their approach to innovation and embrace human-centred design principles. Designers will begin to apply knowledge of human interaction, specifically in the area of how we earn trust and respect, to AI systems.

• [New] Last year the Climate Change Committee warned that by 2030 all new buildings will need to operate at net zero carbon to have any chance at limiting global heating to 1.5 degrees.
• [New] The year ahead will open with the industry in a state of high nervousness and uncertainty, with most executives across fashion and the wider business world bracing for a slowdown in growth in the global economy.
• [New] In order to achieve the European Green Deal targets, additional investments of €300 billion a year will have to be made in Europe by 2030, notably in energy efficiency in buildings, clean cars and wind and solar electricity production.
• [New] UK will be further defining its approach and transition to ISO 20022 messaging for retail payment schemes and the New Payments Architecture.
• The Information Commissioner's Office's new rules, known as the Age Appropriate Design Code, still need to formally pass the UK Parliament but are expected to be in force by next year.
• The identity verification and fraud deterrence spheres are growing exponentially, with the Identity Verification as a Service industry predicted to grow to $20 billion by 2022.
• Meeting the UK's net-zero target will require virtually all heat in buildings to be decarbonised, and heat in industry to be reduced to close to zero carbon emissions.
• The initial joint investment of GBP18 million from UKRI has been been confirmed and contracted and will be matched by nuclear, civil engineering construction and manufacturing industry firms, which have been working on the preliminary design for four years.
• If current consumption levels continue, the fashion industry could account for one quarter of the world's carbon budget by 2050.
• Oslo Airport City, which will take 30 years to build, will be powered entirely by renewable energy and will also function as a local source for clean power, selling all surplus energy to neighboring buildings and communities.
• The secondhand market is expected to grow to nearly 1.5 times that of fast fashion ($64 billion versus $44 billion) by 2028.
• If no action is taken, fashion alone will use a quarter of the world's carbon budget by 2050.
• Mayors have pledged that new buildings in 19 cities, including London, Los Angeles, New York City, Tokyo, Paris and Sydney, will have zero emissions by 2030, with existing buildings becoming zero by 2050.
• Securing data is expected to account for at least 10% of total spending this year, primarily related to identity and access management, identity governance and administration and data loss prevention.
• Privacy regulations will drive at least 10 percent of service investment growth this year as companies turn to third-party experts for help with areas such as identity and access management (IAM), identity governance and administration, and data loss prevention.
• As average global temperatures steadily climb, cooling our buildings is rapidly becoming one of the largest demands for fossil fuels - an appetite that is expected to triple by 2050.
• New buildings only make up ~5% of total buildings in South Africa, and retrofitting of existing buildings is expected to become the largest sector within the green building industry by 2020.
• The retrofitting of South Africa's large stock of existing buildings is expected to become the largest sector within the green building industry by 2020.
• bBaseline forecast sees the global economy moving to a slower and more sustainable path in a reasonably orderly fashion in the next year or two.
• As an urgent priority, government must put in place an extensive and comprehensive scheme to cut energy consumption by retrofitting existing buildings; four out of every five homes British people will be living in in 2050 have already been built.
• By 2022, Forty percent of global midsize and larger enterprises will use identity and access management as a service (IDaaS) capabilities to fulfill most of their identity and access management (IAM) needs, which is up from 5 percent today.
• Resale is growing nine times faster than traditional retail and an industry-wide move towards circular fashion could add €160 billion in value by 2030.
• The resale market - worth $24 billion today - is expected to hit $51 billion by 2023, growing 21 times faster than traditional retail over the past three years.

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Last updated: 17 February 2020