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The Biggest Trends in Business Today

Estimated reading time: 3 mins

Whether we like it or not, the world is changing frequently. This is true everywhere from technology to business. In particular, the business world has been undergoing some major changes over the last few years which have affected both companies and consumers alike. This will undoubtedly continue into the future, as well. With that in mind, this article is going to look at some of the biggest trends in business today.

The Importance of Being Agile

With how much innovation and change is occurring in all industries of business, it is important to ensure your business is agile. Business agility refers to the ability of a business to respond to change quickly and effectively. If you are not agile, changing market conditions or technologies could prove difficult, expensive and inefficient.

In addition to businesses themselves being agile, so can the software and tools you use and develop. Things like an agile software development tool can help you ensure the development process is efficient. Note that this is only one of many examples of agile tools and software your company should consider using.

AI Will Have an Increasingly Large Role

People have seemingly been talking about AI (artificial intelligence) for years, but it is now starting to pop up in the business world, in a variety of ways. One of the biggest ways AI has brought value into the business world is in customer service. Chatbots have helped save companies a ton of time and money, while still offering awesome service to customers.

In addition to customer service, AI can assist companies with marketing, supply chain management, scheduling, employee assistance and much more. Also, it is important to remember that this is still the infancy of AI in a business setting. Don’t be shocked to see AI continue to grow and have a much bigger role in only a few short years.

An Increase in Remote Teams

In the past, employees would work for their employers and go into work every morning. However, things are changing in a big way in that space. Many people are choosing to work as contractors or freelancers, and millions are working remotely part-time. In fact, nearly three quarters of workers globally work remotely at least once a week, an expect this rise of the remote worker to continue.

While this is great for employees, it can potentially be difficult for employers. It can make collaborating and scheduling a little bit more difficult. As a result, companies need to be prepared for this as it is an inevitable part of the future of business. Thankfully, there are tools out there such as smart schedulers and project management tools that can help make managing and employing remotely much simpler.

A Focus on Wellness

The importance of wellness at the workplace cannot be overstated. More and more people are looking for a healthy work-life balance and are sick of the long hours with very little breaks and not a lot of support in terms of wellness. Overworking can be mentally draining. A tired or drained employee will simply not be as productive as someone who is well-rested and in a good and happy state of mind.

As a result, many teams are implementing wellness programs at the office or coming up with new ways to help people work smarter, not necessarily harder. This could be anything from more periodic breaks, allowing a more flexible schedule, hosting workshops for wellness or anything in between.

We hope that this article has been helpful in letting you know some of the biggest trends in business today.

 

About the author /


Simon is a creative and passionate business leader dedicated to having fun in the pursuit of high performance and personal development. He is co-founder of Applied Change, a Business Change consultancy based in the UK. Simon is also an Ambassador for Gloucestershire business. Simon is an Associate Member of the Chartered Institute of Professional Development.

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