SBTC, ETR: 2 mins
What areas should we be watching?
Business trends ebb and flow, changing marketplaces.
2018 saw a number of new and not so new ideas come to the fore.
Machine Learning, Artificial Intelligence, Robotics, 4 day working, mobile working, changes to working patterns and the like.
Below we highlight areas we think will be influential this year.
Initiatives that can Transform Business!
4 day working
A four-day working week will be possible if businesses share the benefits of new technology with their workforce.
Well-being initiatives for tacking mental, social and physical health
With a growing focus on mental health and research showing that employee absences cost UK businesses £77 billion a year in lost productivity,
Talent management becoming more critical
Businesses are getting used to the GIG economy and are nurturing an ever-growing network of high-quality talent. They are moving toward employing talent that jives with their culture and values. Tools that help a business track their talent network will be important.
Physical and Cyber Security
Biometrics, also known as realistic authentication, is increasingly being used as a form of identification and access control.
Increase in mobile/remote working
A further step away from the now not-so-trendy open plan office and a move towards more flexible, remote working. More businesses will adopt the ‘coffice’: meeting in coffee shops or other public spaces to work together.
Environmentally sound, sustainable businesses
Adopting more sustainable practices can save businesses money ($12 trn a year globally by 2030) and help to attract the best talent as young people increasingly look for jobs with companies that reflect their own ideologies.
Systems / Technology.
Increased use of cryptocurrencies
The key value proposition around blockchain is reducing business and technology friction. “Current blockchain technologies and concepts are poorly understood but leaders should be evaluating these new approaches.
Another trend is the “platform-itisation” of emerging technologies. Blockchain-as-a-service, VR-as-a-service, augmented-reality-as-a-service, IOT-as-a-service and AI & ML-as-a-service. The important trend here is the evolution of cloud-provided services.
5G Wireless, 5thgeneration wireless systems are improved wireless network technologies which started being deployed in 2018.
Mr T Says:
Get on these ideas and see whether they can help to improve the competitive advantage of the business.