Paul Wallbank decided to
ponder what might the biggest tech trends in business might look like in 2020. So, as we start 2020 let's
look at some of his ideas for fun. HAPPY NEW YEAR
Now we’re in the second
decade of the Twenty-First Century, business is accelerating as a combination
of changes in technology and society come together.
Many of these trends have
been predicted for some time. It’s the availability of the cheap (almost free!)
computing power that’s delivering many of the promises made by technology over
the last thirty years. These are worth examining more closely.
The top business trends in
2020 might be
1) Robots taking our jobs
Probably the biggest change
that is affecting our businesses is how machines are taking over tasks ranging
from window cleaning to inventory management. Anyone with a transaction-based
job or business will be having a forced career change before the end of the
decade.
2) The Internet of machines
Those robots and computers
are talking to each other which speeds up business decisions and will strip
layers of management from organizations.
3) Flatter organizations
A consequence of those faster
decisions is the need for less management. Organizations need to be flatter in
order to process information faster unless they want to risk nimble competitors
seizing business opportunities.
4) 3D printing
One of the most exciting, and
business changing, technologies is 3D printing which allows you to print a
coffee cup at your desk, help robots construct new buildings and a give a
little boy a set of fingers.
5) Nano-technology
3D printing is happening
alongside biological engineering. By the end of the decade, we’ll be able to
print our own skin. By 2030, we’ll be printing replacement body parts like
heart valves.
6) Mobile apps redefining
service industries
The mobile phone app is
currently booming but the real effects of these mobile services will be felt on
industries as diverse as the taxi industry to the mining and agricultural
sectors.
7) The fight for control of
the mobile payments system
An upshot of the app economy
is the question of who processes, and makes money, from online payments. The
battle between banks, credit card companies, telcos and software companies is
going to be a major business story of the decade.
8) Reinventing entertainment
Apps and connected machines
are going to change consumer behaviour and nowhere is this more notable in the
entertainment industries which are being revolutionized by tools like Google
Glasses and social media.
9) The fall and rise of
social media
Like many innovations social
media was greatly hyped and now we’re seeing the backlash of it being oversold.
Over the rest of the decade, organizations are going to figure out how to use
social media services effectively and profitably without hype.
10) Newspapers cease to exist
One of the effects of social
media, mobile phone apps and the pervasive internet is the end of newspapers by
2020 as futurist Ross Dawson has predicted.
Some interesting thoughts for the new decade. It will be interesting to review this post in 10 years although the one that appeals to me the most at this juncture of life has to be 5. Happy New Year.
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