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The Next Five is the FT’s partner-supported podcast, exploring the future of industries through expert insights and thought-provoking discussions with host Tom Parker. Each episode brings together leading voices to analyse the trends, innovations, challenges and opportunities shaping the next five years in business, technology, health and lifestyle
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Driving Industrial Decarbonisation
Hard to abate sectors; the heavy industries of steel, cement, chemicals plus transport, aviation and mining are responsible for nearly a third of global greenhouse gas emissions. Decarbonising heavy industry at scale is no longer just an en
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
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 le
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 p
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 retai
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, wh
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 pre
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
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 te
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 revol
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
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 ransomwar
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% s
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 worl
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 injec
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 pri
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 unc
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
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
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-
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 busi
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
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 segme
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. Do
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
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 affo
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 ene
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 i
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
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. Cu