This is the season for pre-10 lists of predictions for the coming year. This is my only annual forecast for what will affect the coming year.
Recovery. That’s the forecast for ’21. And that’s going to make technology even more important.
Covid-19 is awesome, and we’re not out of the woods yet. But the vaccines have arrived, and they will reach hundreds of millions of people in early ’21.
With Covid ‘s weight gradually building, things may be growing into what UCLA economists call a “roast 20s”. If vaccines go as expected, they predict, the country’s gross domestic product will grow from 1.2% in the current quarter to 6% in the second quarter of 2021, thanks to the pent-up demand.
Physical studies show a similar level of bullish. A survey of finance officials by BillingPlatform in which 83% say it is “likely” to have an economic upturn in 2021, with 47% saying it is “very likely.” At least 51% expect a moderate increase to in their 2021 budgets compared to 2020. Key priorities for the coming year include investment in cloud-based technologies (42%), identifying ways to drive higher revenues through new products and services (41%), and reduced operating costs or capital investments (36%).
Global IT spending is expected to cost $ 3.8 trillion in 2021, a 4% increase from 2020, according to the latest projections from Gartner. Enterprise software is expected to receive the strongest reversal in 2021 (7.2%) due to the acceleration of digitization efforts with initiatives that support remote workers, delivering meaningful services such as learning on speed or telehealth, and reduces hyperautomation to ensure pandemic demands are met. .
Summer enters the second half of the year, therefore, a vast majority of businesses. Pent-up demand is going through, expanding the facilities of airlines, hotels, concert halls, commercial buildings, corporate retail, transportation providers, and other businesses put down by the Covid-19 crisis. But business travel may take longer to return to levels by 2020.
Are the rebounding industries ready? A lot of key assets – especially people – have been stripped down. They need to hire ramps, modernize supply chains, reopen closed facilities, and find out how digital resources can help them carry out the attack.
Technology to the rescue, again. Just as supply chains are choked in the spring of 2020 by a shortage of toilet paper and hand sanitizers, supply chains for aircraft parts, travel services, and restaurant supplies, – just to name a few – they will be extended to the level lowest, and that will be a shortage for those who are not deployed in improved digital, intelligent and responsive networks.
Work from home – no, do that work anywhere – have been firmly rooted in our organizations, and even once Covid has ceased to be poor, work from anywhere will prove to be a very effective way of getting the job done. engaged and delivering. Virtual work in the office will be different from real work at home, except for elevators and water coolers.
There will be a spirit of independence, autonomy, unseen by 2020. Former cubicle workers have learned to be their own digital masters, self-sufficient, a little more enterprising, and a genie cannot be put back in the bottle .
Plus, for 20-something early in their careers, working full-time from anywhere is a terrific option – people in the early stages of careers need opportunities to develop friendships, learn from mentors, and taste get to know how the world works – and this is impossible from a screen in a person ‘s bedroom corner. It definitely makes sense for younger employees – and older employees tired of working off their kitchen tables – to flow back into offices.
In the coming year there will be a lot of pushing and dragging over remote work – many employees will not want to return to the office, and employers will be aware of productivity and savings in office buildings or rents. However, many more will welcome him back in the office.
Previous half-bakte forecast:
2015: Cloud computing becomes just “computing”
2016: Cloud to become a corporate innovation tool
2017: Internet of Things rise
2018: Cloud morphs into cloud computing
2019: Artificial intelligence becomes an AI-saving force
2020: Democracy of digital technology, finally