A new eco­no­my is emer­ging dri­ven by chan­ges in tech­no­lo­gy, demo­gra­phics and the environment.

Tech­no­lo­gy is chan­ging how we work, spend and live. It has major impli­ca­ti­ons for the UK’s eco­no­my and, in turn, finan­ce. Con­su­mers are incre­asing­ly shop­ping online. Plat­forms con­nect busi­nesses to con­su­mers across the coun­try and over­se­as. This is gene­ra­ting vast quan­ti­ties of data that can be used to
impro­ve ser­vices. But this data also rai­ses num­e­rous hazards of misu­se and abu­se of pri­va­cy.
We incre­asing­ly col­la­bo­ra­te through the sha­ring eco­no­my. And the free­lan­ce and gig eco­no­my work are gro­wing in importance.
Tech­no­lo­gy is enab­ling us to be ever more clo­se­ly con­nec­ted to the rest of the world through glo­bal trade and com­mu­ni­ca­ti­ons.
New busi­ness models are dis­rupt­ing industries—and allo­wing an unbund­ling of busi­ness models with pro­found con­se­quen­ces. Auto­ma­ti­on, inclu­ding machi­ne lear­ning, is taking on more tasks. 

The UK is also under­go­ing seve­ral major tran­si­ti­ons that finan­ce has to respond to. We’re living lon­ger. We bet­ter under­stand the value and importance of sus­taina­bi­li­ty. We’re start­ing to redu­ce
emis­si­ons and shif­ting to a low-car­bon eco­no­my with major impli­ca­ti­ons for busi­ness and invest­ment.
And the need for effi­ci­en­cy and lower cos­ts in finan­ce is an ongo­ing chall­enge. Britain’s role as a finan­cial tra­ding hub will evol­ve as emer­ging mar­kets grow and poli­ti­cal decis­i­ons on the UK’s rela­ti­onship with the EU are made.
All of the­se fac­tors will dri­ve signi­fi­cant chan­ges in the eco­no­my and, in turn, finan­ce. They also rai­se some fun­da­men­tal chal­lenges to tra­di­tio­nal models of regu­la­ti­on, eco­no­mic model­ling and cen­tral ban­king as a result of the­se tech­no­lo­gi­cal and eco­no­mic changes. … 

Quel­le /​ Link: The future of finan­ce report (Bank of England)