Haptics, AI, and robots-to-rent will make up business of the future | City & Business | Finance

Fashion boutiques with intelligent man-made haptics - wearable technology that lets you feel warmth and touch - have been called the future of the gaming and education industries. These are the predictions of four of the UK's leading futurists and consumer business experts behind the NatWest Future Businesses Report, which offers a vision of what UK industry could look like by 2036.

Commissioned by the bank to inspire the next generation of startups and SMEs, the report was written by leading futurologist Dr. Ian Pearson, consumer business guru Kate Hardcastle, Shivvy Jervis, founder of FutureScape248 - the award-winning human-centered innovation lab - and futurist and author Tom Cheesewright. The panel revealed that in the near future, travel agents could allow vacationers to "try out" virtual reality experiences "before you fly" and the daily commute could take place in high-speed personal travel pods to help overcome city congestion.

Protein-rich insects served on "bug burger bars" are likely to become the fast food of choice, with fried grasshopper or a worm burger replacing the nightly kebab. While AI fashion boutiques could use technology to create perfectly bespoke clothing.

The futurologist Dr. Ian Pearson, one of the authors of the NatWest Future Business Report, said, “The NatWest Future Business Report helps to paint a picture of the changes we will see in the business environment over the next 15 years. We all knew how greater interaction with technology would revolutionize companies and change almost all industries.

“One thing the judges all agreed on is that this is not the end of our main roads that will thrive if companies can provide good reasons to go. In the long run, more than 50 percent of retail will still be in high street stores, with predictions like AI tailoring and insect food stores showing how businesses might adapt in the future. ”

The report says robot builders, or drones such as those seen in the 2014 movie Interstellar, will help meet humankind's growing food needs - which will increase by up to 98 percent by 2050. The monitoring of human health is made possible by smart toilets with the power of analyzing urine and feces for deadly diseases like diabetes and cancer.

Despite fears that robots could steal jobs from humans, only four percent of respondents thought their jobs would be completely out of date by 2036. Almost two-thirds (64 percent) said their skills would need to be adjusted over the next 15 years to keep up with technology - 52 percent said they want to work with robots by 2036.

Andrew Harrison, NatWest's Managing Director, Business Banking, added: “As this landscape evolves, NatWest continues to be the greatest supporter of UK small businesses at all stages of development.

“From our Dream Bigger program in schools, which encourages young people to discover entrepreneurial mindsets; our fully funded Business Builder initiative for early stage entrepreneurs; and our Entrepreneur Accelerator Hubs for high-growth, green and diverse companies, it is our vision to support more companies in starting, scaling and achieving success. "

The NatWest Future Business Report is available Here. To see how NatWest is helping businesses across the UK, you can also watch Alison Hammond spending a day as an intern at a selection of companies across the UK as part of NatWest's partnership with ITV.

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