Top 10 Business Trends That Will Impact Growth Through 2022

Enjoy Also: The Top 10 Job Skills To Learn Before 2022

Top 10 Business Trends That Will Impact Growth Through 2022

By Samuel Totham | March 11, 2019

Understanding what drivers will contribute to growth over the next few years will inform your business strategy. According to the World Economic Forum’s “The Future of Jobs Report 2018,” the top 10 business trends that will impact business growth through 2022, include:

Increasing Adoption Of New Technology

The top five strategic business drivers through 2022 are technology-related. It’s no surprise that the Fourth Industrial Revolution and the new technologies that define it will spur business growth, job creation and demand for specialist skills.

The Increasing Availability Of Big Data

According to the stated investment intentions of companies surveyed for “The Future of Jobs Report,” 85 percent of respondents are likely to expand their adoption of user and entity big data analytics by 2022. This will inform decisions and make for smarter and more pointed innovations and investments.

Advances In Mobile Internet

Everywhere you look, someone’s face is buried in a smartphone. And that’s no different all around the world. According to GSMA Intelligence’s “Global Mobile Trends 2017,” two-thirds of the global population are mobile subscribers. Mobile now has the greatest reach of any technology. This connectedness leads to life-enhancing services for developing countries, including greater access to education and health services. The opportunity in developed nations for mobile consumerism will also play a part.

Advances In Artificial Intelligence (AI)

AI is already being used to increase efficiency, improve productivity and better performance in manufacturing, technology, healthcare and other industries. The MIT Sloan Management Review’s “2017 Artificial Intelligence Global Executive Study and Research Project” found that 85 percent of executives believe AI will help their businesses obtain or sustain competitive advantage.

Advances In Cloud Technology

According to the stated investment intentions of companies surveyed for “The Future of Jobs Report 2018,” 72 percent of respondents are likely to expand their adoption of cloud computing by 2022. This will make businesses more agile, collaborative, efficient and scalable while reducing costs.

Shifts In National Economic Growth

Combined with technology, socio-economic trends will have an effect on business growth through 2022. National growth trajectories will have the greatest impact in industries like aerospace, supply chain and transport; infrastructure; and mining and metals.

Expansion Of Affluence In Developing Economies

Increasing access to technology and education will provide greater opportunities in developing countries and therefore contribute to the expansion of the middle class. It will have the biggest effect on the following industries: aviation, travel and tourism; chemistry, advanced materials and biotech; and global health and healthcare.

Expansion Of Education

The increased access to education is partly due to technology adoption rates, as well as the expansion of the middle class. The industries most impacted by this socio-economic trend are aviation, travel and tourism; mining and metals; and professional services.

Advances In New Energy Supplies & Technologies

Decarbonization, emerging markets and resilience are to thank for increased demand in renewable energy. Coupled with advanced computing power, new energy supplies and technologies will drive business development in many industries.

Expansion Of The Middle Class

According to the World Economic Forum, the world has reduced the number of people living on less than $1.25 a day by one-half and the world is on track to meeting the Organisation for Economic Co-operation and Development’s (OECD) 2010 forecast that the global middle class could double by 2020 and triple by 2030. It is argued this is due to urbanization, including greater access to education, technology and opportunity.

 

Read Also: The Top 10 Job Skills To Learn Before 2022

 

About the Author
Samuel Totham

Samuel is executive director of GQR’s New York office, overseeing all daily operations and team members.

His prestigious background in recruiting within the systematic and electronic trading spaces has developed unprecedented relationships with executives and world-renowned companies throughout London and the United States.

Samuel’s placement of countless research analysts, senior software engineers, traders and portfolio analysts has proven paramount in bolstering GQR’s systematic and electronic trading sector and position as an industry thought leader.

Samuel is a graduate of the University of Manchester in the United Kingdom, earning a bachelor’s in management and economics.

Samuel now leads the New York office, working extensively with GQR and Wynden Stark’s mission control, talent acquisition and Client Services teams.

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