Trends Influencing Business in 2024

In recent weeks, I've been presenting, discussing, guest podcasting, and pitching my 2030 Tech Trends research.

These trends are supported by data, investment, and integrated research from leading organisations such as McKinsey, Gartner, and Forrester.

Here are some 2024 facts that will impact our future in the lead-up to 2030.

People

• Hiring in 2024 is digital first in 60% of instances. Location is no longer the primary consideration; capability is!

• Mobile apps and wearables are now communicating with health providers.

Community

• The rise of the circular economy driving product recycling, remanufacturing, and waste reduction.  

• Over 70% of organisations will leverage compliance automation tools.

• The average cost of compliance with data and privacy regulations will increase by 30%.

Technology  

• Industry-specific blockchains are being developed by multiple organisations, making some blockchains interoperable - supply chains will benefit.   

• 70% of businesses will have invested in edge computing solutions, enabling data capture and processing anywhere.  

• 90% of leading retailers are using AI-powered recommendation engines.

Organisational Investment Programs  

• AI adoption has increased by at least 25% on average across all industries. Businesses will continue to invest in data management for AI.

• Digital programs are driving a 20% increase in customer satisfaction scores by enhancing their business agility, resilience, and competitiveness.

If you're developing your strategy, consider three and no more than five trends.

Trends influencing business in 2024, can be presented an offsite or an event or I can facilitate a discussion with your executive.

They can also be aligned with your industry.

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