Another decade recently drew to a close. As a result, many take some time to reflect on the past and consider how it influences what the future may hold. The 2010s marked several notable business trends that not only defined the era but also showcase where the future is likely heading. Here are five of those trends that deserve your attention
1. The Rise of Big Tech
While the tech world has been an up-and-coming industry for quite some time, the explosive growth during the 2010s is hard to ignore. Businesses like Amazon, Facebook, and Google soared to new heights of wealth, releasing innovative products and getting caught in massive scandals along the way.
Consumer interest in tech skyrocketed during the 2010s, marking a trend that isn’t likely to change soon. Whether the same level of growth will occur during the 2020s is hard to say, but there is a reasonable chance it will.
2. Everywhere Tech
Along a similar line, the technology that allowed people to remain connected regardless of where they went become prevalent during the 2010s. With the rollout of 4G networks and various smartphone advances, many people live in an “always-on” state. Add the rise of apps and access to near-unlimited cloud storage, and smartphones quickly saturated the landscape.
Now, 5G is beginning to work its way into cities and communities across the country. Plus, new applications and device capabilities release regularly. As a result, the future is likely to be increasingly mobile, with no one having to sacrifice their connection regardless of their destination.
3. The Gig Economy
The traditional 9-to-5 paradigm was shaken with the rise of the gig economy. Over time, flexible work arrangements and telecommuting options weren’t just rare (and highly desirable) perks. Instead, they started to become the norm, notably as the economy shifted toward a job seekers’ market.
This is another trend that showcases the increase in worker mobility and is probably going to remain as we enter the 2020s. Non-traditional arrangements will become increasingly commonplace, particularly as the war for talent rages on.
4. As-a-Service Solutions
Thanks to quick internet speeds and cloud-computing options, companies have options for their technology solutions. The “as-a-Service” model has become increasingly common, giving smaller businesses access to robust systems and software that may otherwise have been unaffordable or unmanageable internally.
There is still room for growth in the “as-a-Service” space. It’s wise to expect more innovative options at the start of the 2020s and possibly beyond.
5. Diversity and Inclusion
The terms “diversity” and “inclusion” made headlines in the business world during the 2010s. Companies began to realize the benefits of having a diverse staff at the same time that some companies were being chastised for lack of gender diversity or inclusive practices.
There is still progress to be made on the diversity and inclusion fronts. Since many professionals today feel that these points are important, employers will likely keep striving to move forward in these areas.
Ultimately, all five of the business trends above won’t just be notable for their impact on the 2010s, but also their influence on the 2020s. If you’d like to learn more about what to expect in the coming years, the team at CPS Recruitment can help. Contact us to speak with one of our staff members today and see how our business trend expertise can benefit you.