What’s Your Crystal Ball Tell You?
The survey ‘nuggets’ below reveal a ’50-thousand’ perspective of predicted global business trends projected beyond 2020. See if your industry is likely to prosper or falter.
New Technology Adoption
The top five strategic industry drivers through 2022 are all technology related. Global growth and the new technologies that define it will spur business growth, job creation and demand for specialist skills.
Big Data Availability
According to investment plans of companies surveyed in a “Jobs Report”, 85 percent of respondents will likely expand their big data analytics adoption of both users and providers by 2022.
Advances in Mobile Internet
Smartphones abound; a recent trends study reveals that two-thirds of the global population represents mobile subscribers (which has the greatest reach of any technology). This dynamic is certain to result in life-enhancing services and expand greater access to education and health services.
Artificial Intelligence (AI)
Artificial Intelligence is already used to increase efficiency, improve productivity and performance in manufacturing, technology, healthcare and numerous other industries. A new AI global study reports that 80 percent of executives believe AI will help their business either achieve or sustain a competitive advantage.
Cloud Technology Advances
According to the stated investment intentions of 2018/19 companies surveyed, 72 percent of respondents will likely expand their adoption of cloud computing by 2022. This step will make businesses more agile, collaborative, efficient and scalable while reducing costs.
National Economic Growth/Shifts
Combined with technology, socio-economic trends will also affect business growth through 2022. National growth trends will have the greatest impact in the aerospace, supply chain/transport, infrastructure, mining and metals industries.
Prosperity in Developing Economic Growth
Enabling access to technology and education is expected to contribute to the expansion of the middle class. Research predicts this growth will have the greatest effect on aviation, travel/tourism, chemistry, advanced materials and biotech, and global health/healthcare.
Increased access to education is a consequence of technology adoption along with the expansion of the middle class. The industries projected to be most affected by this socio-economic propensity are aviation, travel/tourism, mining, metals, and professional services.
New Energy & Technology Innovations
Decarbonization, emerging markets and resilience will continue to propel increased demand in renewable energy worldwide. And, advanced computing power, new energy supplies/technologies will drive business development in countless industries.
Estimates predict the global middle class will likely double by 2020 and triple by 2030. This impetus is attributable to urbanization and will drive greater access to education, technology and opportunity.
Looking into a crystal ball is always speculative; however, given the information from these recent studies, the future looks bright! HQZ Experts continues to examine evolving technology trends that offer new opportunities to our own business as well as those of our clients. Let’s talk about what’s in your crystal ball.
Sources: Deloitte; Flatworld Solutions; Pew Research