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Future Trends

How to Keep Your Business Relevant Over the Next 5 Years

By June 26, 2019 11 Comments

This week I presented a lunch and learn titled "How to Keep Your Business Relevant, Reliable and Flexible in 2020 and Beyond." I discussed job trends, cyber crime, employee engagement, customer service and more. One of the things I suggested was to research three topics that will have a major impact on businesses in the coming years. Here is a quick recap of those three things:

Quantum Computing


Quantum Computing is a complex concept. Here's a good explanation if you want some background. Quantum computing will allow us to make infinitely faster calculations and predictions, invent new medicines and materials, protect data, and predict weather events farther in advance.

Blockchain


Blockchain technology created the backbone for a newer, decentralized internet that is being used today for Bitcoin. In the future, Blockchain could be used for everything from financial transactions to file storage to supply chain auditing. Further reading on Blockchain here.

Artificial Intelligence


Artificial intelligence is the theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages. AI is possible because systems can now process huge amounts of data. For more info, we wrote about AI a few months ago in this post.

The future is coming whether we're ready or not. The good news is that even though automation and technologies like the ones I mentioned above are projected to displace 75 million jobs by 2022, 133 million jobs are expected to be created (Source: World Economic Forum).

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