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Where Do We Go From Here? Through the Wormhole Year 2030 Should We Maintain our Current Approaches? 2019 MCMC Researc arch h Symposium um 21 Nove vember 2019 Dr. Peter Lovelock Director, TRPC Singapore | Hong Kong | Melbourne Where


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SLIDE 1

Where Do We Go From Here?

Through the Wormhole Year 2030 – Should We Maintain our Current Approaches?

  • Dr. Peter Lovelock

Director, TRPC Singapore | Hong Kong | Melbourne 2019 MCMC Researc arch h Symposium um 21 Nove vember 2019

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SLIDE 2

Where are we heading?

“Objectives drive behaviour”

BUSINESS

  • Digital, real-time payments
  • E-commerce dominance
  • Sharing economy
  • Innovative

products/services;

  • Constant reinvention

SOCIETY

  • Hyper-connected digital

natives

  • Trans-humans
  • Super-centenarians
  • Changing expectations

POTENTIAL CHALLENGES?

  • Privacy/digital

exposure

  • Data breaches
  • Cybersecurity

attacks/incidents

  • Sustainability/

Environmental repercussions

  • Ethics/Safety
  • Competition and

Consumer Protection

  • Quality Control
  • New actors

TECHNOLOGY

  • AI & ML
  • VR & AR
  • Cloud, Quantum computing
  • Ubiquitous connectivity
  • Big Data
  • DLTs

GOVERNMENT

  • Fully digital
  • Smart cities, homes and

military (… smart leaders?)

  • Automated
  • Personalized

responsiveness

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SLIDE 3

Where are we coming from?

“Framing the future by learning from the past” Les esson #1

Those who meaningfully understand these technologies remain few. Governments should play a greater role in de develo loping un unders rstandin ing, and shaping the direction and scope of growth/change. KEY KEY MIL ILESTONES IN IN DI DIGITAL REV REVOLUTION

19 1969: Internet predecessor APRANET established 19 1984: First mobile phone introduced 19 1989: Tim Berners-Lee develops HTML, introduces the WWW 19 1992: Launch of commercial dial-up Internet; first audio and video distributed over the Internet 19 1993: Netscape launches 19 1994: Sm Smartphones introduced 19 1995: Amazon, Craigslist and eBay go live, completing the Internet’s transformation to a commercial platform 19 1998: Google search engine born 20 2000: Broadband introduced 20 2002: Cloud technology begins with AWS launch 20 2004: Era of social media begins with Facebook 20 2005: YouTube launched 20 2007: The iPhone launched 20 2011: Bitcoin becomes first widely accepted digital currency 20 2012: Google begins testing autonomous vehicles 20 2016: AlphaGo beats Go master 20 2019: 5G commercially deployed

Les esson #2

Digital revolution has thus far ridden on a supply- driven development model—assuming demand will naturally come. This has led to the digital exclusion of some in society. De Demand-driv iven init itia iatives need to be considered.

Les esson #3

Technology should not be viewed as a tool to capture markets but an ena nabler of markets, innovation, and social development.

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SLIDE 4

What t are we tr tryin ing to achie ieve?

“Don’t become set by your goalposts—but be clear on the playing field”

Cyber-/ National Security Digital Literacy Access to Basic Digital Services Data Privacy International Standards Interoperable Digital Economies Network Neutrality Reduce Digital Protectionism Sustainable Digital Development Fair Competition Policy Ethics Safety

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SLIDE 5

What t do we need to get th there?

“The rules of engagement”

Engender multi-stakeholder, collaborative approaches towards market development and growth Develop new regulatory models within more holistic policy agenda setting Establish sandboxes, standards, and codes of conduct to guide innovation and development, and encourage interoperability PRESENT FUTURE

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SLIDE 6

When/how should we ta take th the next steps?

“Mapping the future”

  • Budget 2020 is evidence of government’s strong

commitment to digital transformation wit within in the the co country, but lacking focus on inter-economy opportunities.

  • Government should collaborate more with regio

ional/ ASE SEAN counterparts to promote growth of regional digital economy, for e.g. on use of international standards—to increase interoperability, create access to more markets etc.

  • Continue investment into edu

ducation and development of a relevantly skilled workforce—should see this as a long- term rm fou foundational com commit itment to support expected exponential advancement of technologies and its digital economy. Pers rsis istent di digit ital literacy gap Alig ignment of f regulatory regim imes Su Sustainabil ility Bu Buil ilding tru trust

Globa bal/Regional C Challenges i in the Next W Wave o

  • f Development
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SLIDE 7

Three Propositions

The long-term trend will be towards valuation of the asset: Data + what it enables New public-private models will emerge for joint development initiatives: emerging around data access, sharing and use There will emerge a baseline set of digital economy and digital trade measurements: based upon the use of data (production of data, consumption of data) and trade in data

  • Prop. 1
  • Prop. 2
  • Prop. 3