Overcoming Challenges in the Silver Economy by Connecting Services in the Silver Hub: The tool to provide the basis for the Innovative Solutions

Abstract

Higher life expectancy and continuously low birth rates and are changing the shape of the European Union's (EU) 27 countries age pyramid. The most important change is a clear move towards a much older population structure. As a result, the share of older people in the total population will increase significantly in the coming decades. This in turn increases the burden on the working-age population to cover the social costs of an ageing population for various related services. The current article provides an overview of how the EU funded project, OSIRIS in the Baltic Sea Region (BSR) contributes to the serious challenge among the elderly by designing a communication platform in order to bring together various stakeholders within the service provision lifecycle. The paper discusses the main architectural needs for the communication platform, Silver Hub (SH) designed to be the foundation for the services among various stakeholders related to the silver economy developments. As a result, the interface is proposed considering relevant stakeholders’ needs to provide an effective tool for companies and research institutions to bring new innovative and sustainable services to the silver economy market.