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Case Study
December
 
2018
What are the AI-enabled tools that future entrepreneurs will need to thrive in the coming decentralized autonomous economy of tomorrow?
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Giving businesses the power to run themselves autonomously

An illustration of a man in an airline seat, checking his phone while abstract bubbles float around showing his business earnings.

More than ever before, young people, women, and marginalized communities are looking to technology enabled entrepreneurism to empower themselves and find economic freedom. The side hustle has become a way of life for many — a way of filling the gap left by a lack of real, well paying, long term employment options.

A redacted sketch of various notes and thoughts pertaining to the project

As a software company who enables small business operators, Wave Accounting wins when their users win. With this in mind, Wave engaged Humanistic to lead a research and foresight engagement with a primary goal of identifying the forces shaping technology enabled entrepreneurship, and how it’s mediated by the burgeoning fields of data science and machine learning.

A redacted sketch of graphs and illustrated charts

Humanistic researchers scanned the horizon for novel machine intelligence applications in incumbent markets, emergent global entrepreneur behaviours, and newly formed social practices within the broader finance and financial products/services spaces. As a result we identified a number of high-growth opportunities for Wave, illuminating new and competitive applications at the intersection of emerging small business owner behaviours, automation, and machine intelligence.

Within these high growth opportunity areas, we developed a number of speculative future scenarios which explored how future entrepreneurs might run their businesses in the world of tomorrow — and powered by tomorrow's technologies. Largely exploratory, these scenarios pushed the limit of contemporary accounting, imagining interactions with machine intelligence, automated fulfilment, smart bookkeeping, or dealing with multiple jurisdictional tax codes.

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Our work provided Wave with extremely valuable future-oriented insights and opportunities — guidance that informed a market-leading machine intelligence vision, a number of key business acquisitions, and the development of multiple future products and services.

"Shawn and Matt at Humanistic brought a number of unique and fresh perspectives to the table, along with an incredible work ethic. They produced high-quality results in a remarkably short period of time and broadened our thinking about what the vision of this organization could be. Working with them was a great spark for creativity and innovation."

Ideshini Naidoo
Chief Technology Officer, Wave Financial

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