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Still, there's always an urgent need to keep on top of what is happening so that you can stay ahead in business.
I own several companies and, candidly, I don't think there's a single day I'm not thinking about how to make things better and improve our competitive advantage in our industries.A couple of days ago I read an article about a luxury yacht company that had been in business for generations, and although they had client orders on hand, in the tens of millions of dollars, they fired everyone and shuddered their doors.
They were hemorrhaging money and not paying attention to the changing winds.The reality is that I can sit here today and write what you want to be looking for in business trends and then a year from now, writes the same sort of article with different ideas to keep an eye on as business and society evolve.
They will be, and already are, a force for years to come and they are the first generation that is pure digital natives.
Currently 40% plus of American workers are doing some work remotely, without having to be present at their place of business all the time.
This trend creates demand for adequately training remote employees through video conferencing platforms, especially for social media and programming positions.
The modern world has gone digital in many ways since the expansion of technology, and now there is no going back from here.
We are well into the second decade of the 21st century, and if you are still not discussing digital transformation in your organization, you better start before it gets too late.The present-day ever-evolving business world is pretty unforgiving and ruthless if you, as a business organization, are unwilling to change.
Organizations that have made peace with the digital change are relishing the opportunities that the platform provides; others are perishing in the dark.Organizations are bound to face challenges of navigating through the market and sustaining the competition without acknowledging the digital transformation.
It has brought some radical changes that, if undertaken, bring in a paradigm shift in the manner in which a business works.Which sectors are apt for digital transformation?Technology doesn’t believe in discrimination, and so all the industry sectors are benefitted, but some sectors will receive higher ROI through digital transformation.
Here are some of the sectors that have seen unprecedented growth since going with the digital transformation bandwagon.HealthcareIf you think that digital transformation is just limited to booking appointments or giving health tips online by building the doctor appointment app, think again.
the healthcare sector and has brought in sweeping changes like:• AI-enabled medical devices.• Increase in telemedicine.• Providing electronic healthcare records through Blockchain.Digital transformation has eradicated the archaic practices that we used to associate with the healthcare sector.
