The Next Five
The Next Five is a partner-supported podcast from the Financial Times that examines the future of various industries. Hosted by Tom Parker, each episode brings together leading voices to analyze trends, innovations, challenges, and opportunities shaping the next five years in business, technology, health, and lifestyle. The content is paid for by advertisers and produced in partnership with the FT's Commercial Department.
Episodes
Sovereignty, Data and Code: Who's in Control?
Throughout history, statecraft was defined by borders, battlelines, and territory. In the 20th century, global power shifted to financial capital and energy reserves. Today, with the digital revolution well underway, does real authority now belong to those who control our data and code?And what does sovereignty now mean in a fast changing AI landscape? Back in the day it used to mean keeping data
Systems Rewritten: Automotive
Imagine it’s 2006, not 2026. You’re an automobile factory manager, looking at combustion engine vehicles moving through the assembly line. A sight that has been seen since the Model T Ford, a century earlier.Today, you’re still watching legacy internal combustion engines roll off one side but high-voltage battery packs drop into electric chassis on the other. Electric vehicles could account for ju
Systems Rewritten: AI
Supply and demand. The foundational backbone of market economies. And we’re in the AI era, where demand and supply is being rewritten. Behind this AI revolution, sits a monumental physical buildout and energy demand. Globally, data centre power consumption will double by 2030 toward 945 terawatt-hours, consuming more power than the entire nation of Japan.In some regions the strain is already visib
Systems Rewritten: Markets
It’s Q3 2026, the systems that form the global economy are currently being rewritten by the digitally led, fourth industrial revolution and the geopolitical repositioning of power. You’re an investment banker, a portfolio manager or a retail investor looking at trading screens flash red and green. There’s a hive of activity. But what to make of it.The indicators continue to flash, but the signals
Code and Conscience: Intelligence Within and Without Borders
Sovereignty, by definition, is being updated. Sovereignty 2.0. Under geopolitical tensions, supply chain dependencies and competing regional regulations, the discussion around digital sovereignty is shaping where you're allowed to build, what models you’re allowed to train on, and who's allowed to see the results. Competing lines are being drawn. On one side there are those calling for the
Code and Conscience: Freedom to Invent
We’re at the start of Q3 2026. Every day that passes, individuals, managers, executives and boards are crunching their internal numbers. They’re working out if the millions of dollars spent on cutting edge agentic AI deployment over the previous 2 years is showing signs of meaningful ROI. If figures from the first half of 2025 were anything to go on, the juice was not worth the squeeze. MIT’s Gen
CFO Futures: Navigating the Real-Time Enterprise
Thirty years ago, the role of the CFO was vastly different. While they still looked ahead to build budgets, they acted more like historians, studying the past performance to manage the books, taxes and audits, but largely kept out of board level email chains. Today, most CFOs at the top of their game barely recognise the environment they started their careers in. They are now less a historian
Power Shifts: Data Centres, Diplomatic Tensions and the Energy in Between
We are living in an era defined by a new kind of power shift. It’s not only measured in borders and markets but in Gigawatts and Gigaflops.Every line of code generated and every industrial process optimised by Artificial Intelligence is tethered to a physical reality: the Data Centre. These silent, humming monoliths have become the new cathedrals of the 21st century, and their appetite is unpreced
AI Returns: Separating Value from Hype
For the past few years, the corporate world has been boldly surfing the initial wave of AI excitement. Boardrooms worldwide have poured hundreds of billions of dollars into Artificial Intelligence, fueled by grand promises of economic revolution. We were told productivity would skyrocket, costs would vanish, and businesses would effortlessly scale.But as the fiscal years roll over, executives are
Code and Conscience: The Logic of Trust
It’s 2026. You’re the CEO of a global bank or the Head of Surgery at a major hospital. An AI system looks at a complex set of volatile market data, or a patient’s decade-long medical history, and gives you a directive. It doesn’t just give you a percentage of probability. It tells you exactly what to do. But here is the catch: If that decision fails, "the machine told me so" won’t hold up in court
The Trust Gap: Fraud vs Reality in the Age of AI
According to the World Economic Forum's Global Cybersecurity Outlook 2026 report, we've hit a historic tipping point. For the first time, CEOs now rank cyber-enabled fraud as their number one digital concern, officially overtaking ransomware. The threat is no longer about a hacker locking your files, it's about a machine mimicking your identity. But why does this matter? Well, because when trust c
Leading The Energy Transition: Where Are We Now?
As the UN’s Secretary-General António Guterres said in July this year, “Now, we are on the cusp of a new era. Fossil fuels are running out of road. The sun is rising on a clean energy age.” Renewables and nuclear did reach an historic 40% share of global electricity generation in 2024, with renewables alone supplying roughly 32% of global power for the first time. But the length of this road and t
The Human Factor in Tech
The fourth industrial revolution is upon us in every way. Technologies, such as Artificial Intelligence, are growing up fast. So too must the humans that deploy and use it. Evolution is usually a slow process, yet businesses around the world must quickly reconfigure the way they work to gain the advantages that technology can afford. In this episode three experts join Tom to look at the human part
The Next Generation of European Tech Funding: Scale-Ups
Late-stage financing plays a critical role in the growth trajectory of technology scale-ups, particularly as they transition from early innovation phases to market dominance and potential exits via IPOs or acquisitions. Larger capital injections can be found from multiple avenues; VCs, private equity, corporate investors, family offices, sovereign wealth funds and growth-focused hedge funds. While
Sustainable Skies: The Future of Private Aviation
Across October 2025, 315,000 private flights departed worldwide, a 5% increase on 2024. While this is less than 1% of monthly commercial flights globally, private jet travel is still on the rise. The Covid-19 pandemic saw an increase in private travel for health reasons and with hybrid working now popular, private business travel is gaining momentum. But there are many areas the industry needs to
Leading through M&A
At the start of 2025 there was optimism that the global M&A market would strengthen with the expectation that inflation and interest rates would fall and a more favourable regulatory environment would exist. Yet it was a slow start amid uncertainty. The unpredictability of US trade policy under the Trump administration saw the global Economic Policy Uncertainty Index rise to a 30 year record h
The Energy Transition: Where’s the Money?
Capital flows to the entire energy sector are set to hit $3.3tn in 2025. $2.2tn of which will find its way to renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification. That sum is nearly twice as much as the $1.1tn going to fossil fuels this year. The transition opens up new avenues for investment, innovation, and competitiveness. But given the recent geopolitical,
The Treasurers' Toolbox: How CFOs Are Preparing For The Future
Modern finance leaders have had to navigate turbulent waters over the last five to 10 years, buffeted by waves of geopolitical and macro market forces, rising economic nationalism, trade protectionism and environmental instability. Add that to the unprecedented pace of technological change, shifting consumer behaviours and a reimagined workforce. Here to give us insight on how CFOs are dealing wit
The Next Generation of European Tech Funding: Start Ups
It is no surprise that for decades the US has reigned supreme when it comes to early stage tech dealmaking. Its risk appetite, coast to coast funding options, integrated market and policy support has created a perfect environment for would-be entrepreneurs to find funding and grow their companies into global tech titans. But, there is no shortage of investable tech firms in the EU. From 2019-2024
Risk in the Boardroom
The term polycrisis has been gaining traction in recent times as the world faces one disaster after another that are all interlinked. The far-reaching implications of a world at risk means boardrooms must remain agile to navigate their businesses past the rocks and into calmer seas. In a break away from our normal format, we've created our own boardroom. Sat around our virtual table today are thre
Cyber risk and security in an AI world: what’s in store?
In today's digital world, artificial intelligence, data storage and cybersecurity are a critical triumvirate, intersecting to form a dynamic ecosystem that underpins modern technological infrastructure. They are strategic pillars that drive innovation, operational efficiency and risk management. Thus their interaction and integration is key to building resilient and secure digital systems capable
Human Health: Society and the Future of Biotech
Biotechnology is the use of biology in the production of new products, services, and organisms with the aim of improving human health and society. In 2024, the global biotech market was worth $1.68 trillion. By application, the health segment was responsible for just over half of that figure. Not surprising when you think that healthcare focused biotech companies are battling to solve some of our
Money Movers: Solving The Cross-Border Payment Problem
Despite an interconnected and increasingly digitalised world, a historical black cloud has been hanging over an area of finance relied upon by institutions, retail and a billion people associated with migrant work: Cross-border payments.Domestic money transfer has seen a dramatic overhaul due to the digital revolution of recent years. But sending money internationally is a whole different ball gam
Mastering Change: The Future Looking CFO
In today’s competitive global landscape the responsibilities of CFOs are diversifying more than ever. The fast paced digital revolution, geopolitical uncertainty, economic volatility and the environmental impact of climate change means the modern CFO must adapt to future proof the financial health of their organisations. The need to remain agile and requires fleet of foot finance leaders. In the m
Our Energy Future: Balancing climate goals with reliable supply
The world is grappling with the need to hit the global Net Zero by 2050 target which means the net amount of greenhouse gases emitted into, and removed from, the atmosphere is zero by that date. All the while providing safe, secure and affordable energy for citizens. A tug of war between outcomes is afoot, where difficult decisions and trade-offs will need to be made by governments, energy ma
Navigating Risk: Insuring a sustainable future in a fragmented world
We live in a world of tremendous uncertainty where businesses are increasingly challenged to adapt to a rapidly evolving risk landscape. Economic instability, rising geopolitical tensions, technological disruption, cyber threats and the energy transition, are just some of the concerns for boards and businesses globally. Companies need to prepare for risk and maintain resilience. In this episo
Understanding the World: The Power of Data
If money makes the world go round, then data tells you how fast it’s spinning and when it might stop. 90% of all data was generated in the last 2 years and every 2 years the volume of data doubles. With 11 billion devices connected to the internet today, the annual global data generation in 2025 is expected to be 181 zettabytes, that’s 181 trillion gigabytes. To put it in context, we use about 3 g
Cheers, Fears and Rare Years: The Future of Luxury Spirits
The premium alcohol industry is about more than just indulgence. It’s a category that is garnering greater attention from consumers, investors and collectors. Increased disposable incomes, celebrity culture and social media has created new avenues for brand recognition and sales. Partnerships with other luxury brands also bring cross pollination appeal and is an area top spirit brands are loo
The Future of AI and Creativity
Individual creativity and idea construction sets us apart within our own societies, it is a deeply desirable trait, and can give you power and wealth. ‘Gosh, what a great idea!’, ‘Why didn’t I think of that?’ are often thought and heard. Cue Artificial intelligence, AI can enhance and enable our creativity- giving thousands of creative solutions to our input ideas. Less a brainstorm and more a cos
The Future of Preventative Healthcare
"Prevention is better than cure” is a fundamental principle of modern healthcare. In this episode of the Next Five, in paid partnership with GSK, we look at health care prevention in ageing societies, with a particular focus on vaccine uptake. Ever since 1796, when Dr. Edward Jenner inoculated an 8-year-old boy against smallpox with a vaccine containing the milder strain cowpox, vaccination has be
Navigating the Future of Business Travel
After slumping during the pandemic, business travel is picking up pace: it’s expected to hit pre-pandemic levels this year with spending on it slated to reach $1.4tn in 2024. But post-Covid, the landscape of corporate travel is changing, reflecting the evolving global economy, a diverse workforce and the growing importance attached to sustainability. The cost of travel is rising and busi
The Future of AI in Cybersecurity
Cybersecurity has never been more important; Everything is now connected to a network, and rapid technological advancements are being met with new and novel cyber threats, however cutting-edge advancements in AI within cybersecurity are rising to meet them, empowering individuals, businesses, and governments to build a safer, more secure online future. In this podcast, we examine the importance of
The Future of AI and Productivity
The EU must prioritise digital skills development, bridge the existing skills gap, and foster an innovation-driven environment. By embracing AI and equipping its citizens with the necessary skills, the EU can navigate current challenges and secure its position as a global leader in the digital era. In the third episode of this five-part miniseries, we look at AI's role in workplace and productivit
The Future of AI in Sustainability
We are in the sixth mass extinction phase and it’s primarily driven by human activity. Globally, 1.2 million species are at risk of extinction and around 70% of the planet's ice-free land has already been altered, primarily for agricultural use. In the second episode of this five-part miniseries, we look at AI's role in sustainability and how it can help us better understand the natural world.In E
The Future of AI in Healthcare
The advent and speed of advancement in AI has far reaching consequences for multiple industries. This five-part miniseries will spotlight various industry sectors where AI has a significant and growing impact, with this particular episode centering on AI's role in healthcare.AI in healthcare offers life changing benefits as well as raising far reaching concerns. In the medical arena, various AI pr
Oceans: Preserving and Powering our Blue Economy
Oceans cover 71% of the planet’s surface and are a life support system making up 97% of the world’s water and 95% of all space made available for life. Oceans are a key climate regulator, sequestering a third of all carbon emitted by human activity a year, controlling the weather and mediating temperature. With this alone, their importance to our existence is paramount. But oceans also suppor
It’s About Time: The Future of Watches
Ever since the emergence of sundials and water clocks in Egypt around 1500 BC, humans have been fascinated by timepieces. Over the centuries, portable clocks, pocket watches and wristwatches gave people the chance to carry time around with them. Many of these became status symbols – the luxury of portable time afforded to only the few. And now, with the advent of wearable tech over the past decade
Electric Future: The Road To EV Supremacy
EVs are already displacing 1.5million barrels of oil usage per day or 3% of total road fuel demand, however emissions from vehicles are still responsible for between 12-16% of global emissions. But now imagine a world where there are no ICE (Internal Combustion Engine) cars on the road. That’s the future that is needed if we are to hit net zero targets. To realise this by mid century annual EV sal
Paying the way: the future of payments in a digital world
The payments industry is undergoing big changes that have a big impact on the global economy. Growth in digital payments over cash has been spurred on by the pandemic, a strong e-commerce market, government support and investor sentiment. In this episode of The Next Five, we explore the future of online retail and payments in a digital world, how consumers are paying for products and services and
Financing the transition to Net Zero
Allowing capital flows consistent with a net zero and resilient global economy will require a transformation of the financial system. Since 2016, investments in decarbonisation have been growing at a rate of 5% per annum. At this rate, the 2050 net zero targets will be missed by 20 years. In this episode of The Next Five, we’re talking about financing the transition to net zero, how capital can be
How Automation and AI will change humanity
Advancements in technology to date and the pace of change in the future is far beyond the evolutionary speed of human development. We are building smart cities, smart homes, smart offices but now we, the people, need to be smarter in using technology. How tech is built and how we use it as humans has never been more important. In this episode of The Next Five, we look at the relationship between t
How Tokenisation And Digital Currencies Are Changing The Future of Trade
With the transcendence of digital money and technology, trade and trade finance is experiencing a major overhaul. A $5.2 trillion global trade finance ecosystem exists today, worth 6% of global GDP, so the sector's performance affects the health of the future world economy. In the latest episode of The Next Five, we look at how emerging technological developments across the financial system, such
The Digital Office
The way we work has changed since the pandemic. The modern workforce now, more than ever before, enjoys flexibility in where and when they work. But businesses, leaders and employees are still experimenting with how best to work. In this epsiosde of The Next Five we explore the shifting sands of desk based work, looking at the effect of technology on traditional structures, employee productivity,
Shaping Sustainable Supply Chains
Global supply chains are near breaking point. The pandemic showed their weaknesses and geopolitical tensions, like Ukraine, have exacerbated the issue. And yet the biggest issue facing our world is climate change - and supply chains have a big part to play in the solution. But with complex global supply chains comes challenges - mainly maintaining net zero agendas across multiple partners. Arco Be
How Innovation Is Shaping Sustainable Sportswear
The sportswear sector is expected to be worth half a trillion dollars in 2026, up from $366 million in 2021, showing that our appetite for its products is growing. Whether you gym, run, climb, hike, cycle, box, kick, power walk, power lift or simply relax in comfy sportswear, you might not be aware of what makes up your specialist attire, and where it goes after you've thrown it away. In this ep
Securing Our Cyber Future
Warren Buffett famously heralded cybercrime as a bigger threat to humanity than nuclear weapons. Whether you agree or not, cybercrime is becoming the number one concern for companies worldwide. In a time of rapid digitalisation, spurred on by the global pandemic, we discuss how vulnerable organisations are to cyber attacks and how they can shore up their defences in the face of sluggish government
The Future of Energy
Future energy technologies like fusion and hydrogen promise to be ‘game changers’ that could power our world and fuel our future. Both solutions have been talked about for decades yet remain just out of our grasp - but for how long? Current renewables like wind and solar can’t get us all the way to net zero while decarbonising carbon heavy sectors. Therefore, inventing, innovating and investing in
How The Actions Of Washington And Beijing Will Affect Us All
In 1972, with Nixon’s visit to Beijing, the world watched as the political and economic landscape between China and the US changed dramatically. Four decades later, new political heads of state redefined the relationship once again, as Xi Jinping and Donald Trump took power – and aim at each other’s economies. This time, the world is watching ever more eagerly and apprehensively as the top two eco
The ESG Race
A decade ago, ESG was a term deployed as social lip service; now, it’s part of daily boardroom discussions, and top of the agenda for G7 leaders, financial institutions and businesses. The Paris Agreement propelled the conversation to the forefront of everyone’s minds, and today ESG credentials are key to securing anything from bank loans to equity investment. While progress has been made, the sec
AI: The Future Is Now
Artificial Intelligence used to be the stuff of fantasy movies and comics. Now it’s a part of every industry and everyday life. Our use of it is only going to increase in the future as AI becomes more and more intertwined with our day-to-day activities and industries recognise it's boundless potential. However, so far the finance sector has lagged in terms of uptake compared to other industries. H
Trailer: Welcome to The Next Five
Our world changes quickly. In the past five years alone, the Paris climate agreement was signed, Donald Trump won (and lost) the US presidency, and a global pandemic transformed the planet. A lot can happen in a short space of time – so what lies ahead? In this series, Tom Parker from the FT Partner Studio asks industry experts how their worlds will change over the next five years, and what impact
