Due to excessive digitization some basic life skills are dying out. We are instead using their digital variations. People cannot properly read maps these days. They can’t use the compass. People would rather type than hand-write something. They prefer not looking up for information from books, rather simply use online searches for the same. That even includes information on relatively simple stuff like baking bread. The imperial system of feet, inches, pounds or ounces is now a fading memory. Even tougher is converting them to the metric system. Instead people now need to worry about online privacy settings for fear of leaking business intelligence to competitors. This has enabled online banking to flourish. Even job searches have become reliant on online modes.


Technologies that have disrupted society have been identified in a study. First of all there is Slack that has revolutionized communication within organizations rendering emails as less relevant now. User generated content is replacing the expert opinions written from the ivory tower, thus democratizing content. The startup culture has gained credence with 2015 heralding what may be termed as the age of entrepreneurship. The Paris Summit on the Environment did bring some progress in terms of countries accepting joint responsibilities. Powerful algorithms in use now mean that business intelligence is capturing enormous amount of information about each one of us. This is also being aided by the use of wearable technologies. Artificial Intelligence or machine learning is also increasingly becoming mainstream. MOOCs is facilitating Executive MBA programmes to flourish. Open source tools are gaining popularity and Cloud based computing is increasingly being used by technology platforms. We are getting increasingly conscious of cyber security and privacy. Apps are fuelling what can be termed as technology addiction. Customers are making use of digital wallets and mobile payment services to complete transactions. And then there is video which is making inroads hooking customers more readily.


Business consulting giant Accenture has undergone a study to understand technology trends that have been fuelled thanks mainly to the ‘people first’ approach common for the digital economy today. Automation is increasingly becoming a part of work especially marketing efforts utilizing capabilities of Artificial Intelligence (AI), augmented reality and robotics. Workforce is now in a more liquid state with flexible schedules commonplace. Certain business models are being devised to cater around specific platforms. Then there is the concept of predictive disruption which leverages capacities from across industries to predict next wave of business trends and act accordingly. And of course the ‘people’ first approach’ also provides organizations with what is known as digital trust. It enables improved digital ethics and better cyber security.  

The ‘as-a-service’ business model is one where various capabilities in an enterprise are merged using cloud based technologies. Accenture which is a management consulting leader, says that certain business are reaping benefits of this model by reducing costs substantially while at the same time improving servicing levels. Deutsche Bank has implemented this business innovation in their procurement process while Rio Tinto has diversified its information systems using this model. As number firms have gaps in their existing talent pools, they can utilize the cloud based resources to deliver results on certain procedures. Services can be accessed more quickly using ‘plug-in’ methods to reduce time lag from months to weeks, maybe even days.

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