Many companies are taking a longer view towards the second half of this decade.
They want to stay with emerging trends, and some are also striving to stay ahead.
My recent research into 2030 Tech Trends, supported by insights from McKinsey, Gartner, and Forrester, highlights key developments shaping the coming years.
You may wish to consider incorporating 2030 tech trends Into your strategy planning away ay
As you plan your strategy away day, here are some crucial trends for 2024 that could influence your future planning.
1. People: Digital-First Hiring and Health Tech
By 2024, 60% of hiring processes will be digital-first, shifting the focus from location to capability. This broadens talent pools and reinforces the move towards remote working. Additionally, the growing use of mobile apps and wearables in healthcare is revolutionising how we manage health, making it vital for organisations to consider the implications for employee wellbeing programmes.
2. Community: Circular Economy and Compliance Automation
The circular economy is gaining traction. What is it? Well, there is an increased emphasis on recycling, remanufacturing, and reducing waste. This trend is reshaping industries and consumer behaviour. Further, and concurrently, over 70% of organisations are expected to adopt compliance automation tools by 2024, helping manage the rising costs of data and privacy regulation compliance, which are set to increase by 30%.
3. Technology: Blockchain, Edge Computing, and AI in Retail
Industry-specific blockchains are being developed, enhancing supply chain transparency and efficiency. Meanwhile, 70% of businesses will invest in edge computing, enabling real-time data capture and processing. In retail, 90% of leading companies use AI-powered recommendation engines to enhance customer experiences and drive sales.
4. Organisational Investment: AI and Digital Transformation
AI adoption is growing rapidly, with a 25% increase across all industries. Continued investment in AI and data management is essential for staying competitive. Additionally, digital transformation programmes drive a 20% increase in customer satisfaction by enhancing business agility and resilience.
A tip - Focus on Your Strategy Planning
When planning your strategy, consider focusing on three to five elements within these trends. This approach allows you to align your strategic initiatives with the most impactful developments in your industry.
If you’d like to explore these trends further, I can present them at your next offsite, event, or facilitate a discussion with your executive team.
I enjoy discussing how these trends will impact society, and can tailor a presentation to your business.
Contact me here or email david@changelead.com
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