INDUSTRY TRENDS FOR THE FUTURE
The unprecedented situation faced by the planet as a whole in 2020 which will spill over to the first half of 2021 has huge ramifications in our lives. Be it lockdowns, masking wearing being the new normal, work from home, furloughs and job losses, recession, and physical distancing, we have all had to bear the brunt and make adjustments in our lives as we gear up for 2011 and beyond. In this blog, we take a look at trends that are being predicted for years to come and may impact you in some way.
Working from home – With physical distancing being the norm and many companies seeing the overall advantage of keeping their employees' home, working from home will be adopted in larger numbers than ever before. Already companies in India are packing their employees' homes and shuttering their office spaces. This will gain momentum with the use of video conferencing, or coming into the office once or twice a week for important conversations & tasks.
Cloud adoption – The switch to cloud services is gathering pace and will be a “must” in the future. Cloud services can be accessed by anyone, anywhere, and anytime. Hence the need for files, office space, adhering to office times, and rushing back to send files is going to be a thing of the past. With remote teams in different locations, cloud service is a long term but a right investment for the future.
Cyber security - With so much valuable data and information being stored in cloud services and so on, cybersecurity is going to be mandatory and a key trend. Businesses will have to tighten or enhance their security systems to make them future-ready for any exigencies.
Program management – More focus will be on program management in years to come. Companies aiming for success will have to undergo large scale organisational modifications and using new technologies.
Flexibility – One of the key learnings from 2020 has been that companies need to be flexible in their plans, approach, style, functioning, and so on. Be like the bamboo which bends with the storm and survives, unlike the rigid trees that perish. Digital solutions and organisational competencies provide firms with flexibility as they evolve and their business processes get future-ready.
Digital change strategy – Businesses will have to create and define the right digital strategy for a holistic transformation. The strategy should be aligned with the company goals and requirements. It's hard to pick from so many tech options available, therefore at times, a consultant like Codleo is required to aid in the selection of tools and managing services.
These are some of the major trends which all of us will have to process and adopt if businesses plan to thrive in the years to come. We hope you enjoyed reading the blog on future trends and do circulate the same in your social & business circles so that more people benefit from them. Be future-ready and shine bright. Adios!