Asia with its many highly populated countries and crowded cities faces a number of challenges less populated nations are not (yet) aware of. With a great number of habitants and rapidly growing economies, Asia as a whole has to react quickly in order to adapt to demanding situations.
Amongst the biggest concerns of the entire continent are questions on how to create and change cities in order to generate an agreeable living standard for that many people. To allocate and transport millions of people on rather small areas, new ways of housing and transportation have been developed and introduced. And still, rapid growth demands for rapid improvement and suitable solutions. This is where startups and new innovations come into play. Focused on problem-solving, their agile way to work allows them to quickly generate and test answers to all kinds of societal challenges.
Addressing societal trends
In line with current research topics of Singaporean universities and institutions, and areas of interest of the German economy the German Innovation Hub identified the most important challenges that societies are facing today.
Areas that are most recently undergoing rapid changes include mobility and smart city, and interconnecting all single aspects of city life in order to gain the greatest possible living standards for all. Other technologies invading everyday life can especially be found in the financial and insurance sector in terms of fintech, insuretech and deeptech. Additionally, the entire retail and commerce sector is undergoing changes, shifts from store to online sales is only one example.
Within its verticals, we are focusing on four major trends:
- Disruptive Technologies
- Systems & Analytics
Talking about disruptive technologies, the rising interest in developments like the IoT, VR and AR can easily be noticed and hence deserve to be kept an eye on. Sustainability is a trend that makes its way through people’s and companies’ lives as an entirely new mind-set. Green footprints, smart buildings and green energy are topics that cannot be overseen. When it comes to manufacturing, the optimization of costs and assembly processes have become an issue more than ever. Along with new technologies, the collection, usage and visualization of data plays an increasingly important role in business to create learning systems and improve predictive analysis.
We try and focus on what moves the world
Whenever we see new trends arising, German Innovation Hub is the first to have an eye on them. Because what is important to society as a whole in order to improve everyday life, is important to us. All this to match one society’s solutions to other societies’ problems.