Sector News

Five big business trends to watch in 2018

January 3, 2018
Borderless Future

After a restful holiday break I’m ready for what is sure to be an eventful New Year.

Here are five big business trends I’ll be watching:

1: Recession Watch. Apologies for being contrary; all signs point to a solid economy in 2018, with tax cuts boosting growth. But that’s precisely the reason to start worrying. The economic expansion is eight and a half years old, and this spring, it becomes the second longest on record. Unemployment is at all-time lows in 13 states. Wages are (finally) starting to rise. As a result, there’s a steadily growing danger that something will happen to end the streak—a spike in interest rates powered by the Fed; a collapse in the stock market caused by a re-valuation of tech companies; a trade war sparked by the President; or a nuclear standoff with Kim Jong-un, to name a few. None of these, by themselves, is a likely event; but together they represent an impressive flock of potential black swans circling an aging economic expansion.

2: AI advances. 2017 was the year AI leapt to the forefront of CEO consciousness. 2018 may be the year that the hype starts to become reality. At CEO Daily, we believe the explosion of connected devices spewing out data that can be transformed into intelligence by ever smarter machine-learning algorithms eventually will spark a new industrial revolution. But we also recognize there are long and variable lags. If you missed this smart piece by Greg Ip of the Wall Street Journal last week, take time to read it now. A belated burst of business productivity in 2018, if it happened, could help prolong the expansion and provide a much-needed boost to living standards.

3: The tech backlash builds. Expect to see this on multiple fronts in 2018, as retailers worry about Amazon’s growing dominance, media companies struggle in the Facebook-Google-Netflix vice grip, Congress continues its quest for information on how Russia, ISIS and other bad actors benefit from social networks, and concerns about cyber security and data privacy grow. One area to watch is antitrust enforcement, where the government’s suit to block the AT&T-Time Warner merger could presage a new approach to vertical integration that could ultimately threaten the FAANG firms.

4: The CEO Statesman is on the rise. For a host of reasons, CEOs are increasingly taking on social issues. Driving the trend: socially-conscious millennial workers, ineffective governments, and the need to build public trust in business. Expect to see more CEOs stepping up in 2018. With the labor market tight, they need to show that their companies are doing good in the world to attract the best talent.

5: A changing workplace for women. The #MeToo movement has caused an abrupt shift in acceptable workplace behavior. Some worry that could result in a backlash, but I’m betting 2018 will mark a turning point for women in the workplace.

By Alan Murray

Source: Fortune

comments closed

Related News

January 15, 2022

11 Trends that will shape work in 2022 and beyond

Borderless Future

The level of volatility will not slow down in 2022. New Covid variants will continue to emerge and may cause workplaces to temporarily go remote again. Hybrid work will create more unevenness around how much different employees are working. Many will have real wage cuts as annual compensation increases fall behind inflation. All these will be layered on top of technological transformation, DE&I journeys, and ongoing political disruption and uncertainty.

January 9, 2022

Are New Year’s resolutions powerful or pointless?

Borderless Future

1 January may seem like an arbitrary date to start self-improvement, but there are good psychological reasons for doing so. For those who don’t follow this tradition, the very act of creating a New Year’s resolution can seem illogical. Recent psychological research, however, suggests that there are many good reasons to begin a new regime on the first day of a new year. And by understanding and capitalising on those mechanisms, we can all increase our chances of sticking to our new goals for 2022.

December 19, 2021

Digital transformation in Africa requires homegrown solutions

Borderless Future

Africa’s digital transformation offers an exciting opportunity, but success requires homegrown enterprise solutions that reflect the context and nuances of the continent’s market needs, including mobile integrations, a variety of regulatory and legal requirements across the continent, and the lack of a uniform data governance framework. The author offers advice for African businesses looking to develop these solutions.

Send this to a friend