future trends of business growth
TRANSCRIPT
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FUTURE TRENDS OF BUSINESS GROWTH
Tom Carlson
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• Business like many other things go through phases or trends. While every business wants to, and aims to succeed, not every business does
• Each and every company goes through ups and downs when it comes to sales, revenues, profits, etc
• Recently at the second summit: The Future of Growth event in London, there were many subjects to be discussed when it comes to furthering a business’ growth or restructuring efforts of an organization
• In this presentation you will find the top three trends for a business’ growth with the future in mind
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EMBRACE TECHNOLOGY• Technology is evolving each and every day is making huge
leaps and bounds when it comes to furthering a business
• Technology breakthroughs have increased efficiency, increased output, saved companies millions of dollars, further automated otherwise long and stressful processes, and many more helpful actions
• Companies need to learn to accept that technology is a wave that constantly moves through businesses in all industries, and you can either ride it or be crushed by it
• Rather often companies are complacent when it comes to the way things are done and they lose sight of the future or how they could run smoother
• It is these companies that find out too late that a young company has undercut them and stolen away market share and are growing rapidly
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EMBRACE TECHNOLOGY PT.II• Organizations must remain on the ball when it comes to new technology,
especially when it could directly impact their business either positively or negatively
• Ajaz Ahmed, CEO of AKQA was quoted in saying, “Digital should not be talked about in the abstract anymore. It's like oxygen or electricity - it's essential.”
• And he is exactly right in that respect
• Technology is the future of everything and that goes for business survival and growth especially
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HAVING A HIGHER PURPOSE• Having a higher purpose in the forefront of a
business’ mind is more important than ever now-a-days
• Consumers gather and use information from countless sources and they are well informed because of that
• Organizations must be open and honest with their consumers as to why they are doing a new campaign or changing for whatever reason
• People are thirsty for knowledge and one way or another they will get their fill
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MACHINE LEARNING IS THE FUTURE
• The age of robotics grows with each passing day
• Machine learning is picking up at an accelerated pace and is technically considered a form of artificial intelligence
• The dawn of this new era will provide mankind with countless new opportunities to expand what we thought was possible and what actually is
• Machine learning could however be detrimental in certain areas and has raised many concerns especially regarding jobs
• If an employer were to re-place workers with a one-time cost for a robot that does the job better, faster, and longer, it is assumed they would invest in the new technology sooner rather than later
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Tom Carlson
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