Author: JW / / Latest News
Technology and innovation are driving the evolution of most businesses these days. Here are some of the key business trends to watch out for in 2018.
Blockchain and cryptocurrencies
A blockchain is a digital, decentralised, public ledger of all cryptocurrency transactions. Blockchain is a way of bringing trust and transparency to the way businesses operate online. It mitigates many of the weakest points in existing processes. Cryptocurrencies such as Bitcoin are receiving a lot of press coverage. These online, digital currencies use blockchain technology to facilitate payments. Both are likely to be a big trend in 2018 and beyond.
Artificial intelligence (AI)
AI has developed in 2017 and looks set to continue to do so in 2018. Businesses are starting to find ways to utilise this technology in terms of automating tasks. Some are starting to use AI to automate document assembly or to analyse large data sets. Businesses are experiencing cost pressures and AI is delivering more with less cost.
Millennials move into management
Millennials are no longer children – the oldest of them are now 35. They are starting to take leadership roles within businesses. In addition to managing their peers, they will soon be managing Generation Z employees.
Cloud computing will continue to develop
Software as a Service (SaaS) created a flexible opportunity for businesses and consumers to try out early cloud services. The growth of infrastructure and platform as a service (Iaas and PaaS) have expanded the number of cloud solutions available in the public and private sectors. Cloud based file storage will likely continue to be a big trend and this should drive ongoing developments in the cyber security sector.