We are facing an era in which very rapid changes are happening. Not only in the business and financial world, but also in the way of life of society, in the models and habits of consumption, and in the way of acting and thinking of the new generations, who only know the global environment. In this paradigm, the development and emergence of new technologies along with the economic crisis have led to the birth of a new revolution that came to transform everything, and stay.
Ten of the main trends that are transforming the world are:
In the next two decades, 47% of jobs in the United States are at risk of being replaced by machines, as pointed out in a study by the University of Oxford. This would mean the loss of 1.6 billion jobs globally, thus reappearing the old dilemma of trade liberalism.
In Latin America alone, 37% of the tasks that humans do will be robotized in 2030, especially those related to financial analysis, call centers, human resources or operations with industrial machinery. Those activities that require creativity, social intelligence, leadership or analytical capacity have minimal risk.
One of the advantages that robots bring is that they depend largely on human decision-making capacity since possible errors in their behavior represent a high cost. For this reason, professionals of the future must have good decision-making skills and learn to improve their productivity by relying on machines.
The home office is already an upward trend since as indicated by a London Business School study, in 2020 50% of professionals will not go to the office. In fact, with the technical advances that exist in addition to the opening of companies’ mentality, this percentage could become feasible, despite the fact that many experts consider it unreal.
Another report by the Joseph Rowntree Foundation indicates that, while only 6.2% of organizations now offer to telecommute, 47% of workers already demand flexible work. Between 2005 and 2013 the number of teleworkers grew by 80%, assuming two weekly days of teleworking, saving $ 1,125 per year for companies. In the event that a 100% home office will be established, the savings in the United States would amount to $ 1,100 per year per worker.
3- Absence of talent
To fill jobs, today there is no workforce in the world that has the skills that companies require. As the Oxford Economics ‘Workforce 2020’ study assures, two-thirds of the firms surveyed have barely formed a workforce with which to meet business objectives, with leaders increasingly worried about not finding qualified talent capable of meeting With the objectives.
There is a widening gap between the skills of current workers and those that require a business to grow. Therefore, PwC recommends that companies combine recruitment with the development of their own staff so that they adapt to their change plans.
4- Inequality and lower growth
We live in a world where 1% of the world’s population concentrates more wealth than the remaining 99%, which significantly affects the growth of countries and index in poverty reduction.
This fact leads to social inequalities that cause an increase in poverty, so in order to address it, it is necessary to completely eliminate tax havens, as indicated by an Oxfam report.
5- Share and not own
A trend that grows in all sectors, and represents an opportunity, both for companies and consumers, is the collaborative economy. Although today Airbnb and Uber represent the examples of the strength with which this trend is based, we still have much to see.
Some of the factors that have caused this growth have been the global financial crisis, a greater awareness of environmental problems, the rise of social networks, or the revaluation of the concept of humanity. The concept of owning things has changed, and this change is led by young people, who no longer demand a product but significant experiences associated with value and well-being.
The transfer of travelers has been one of the sectors most influenced by this new modality, where the increase in mobile applications has impacted. The challenge is now in the regulation of this process, as there is currently a legal vacuum in new technologies in general describe yourself essay.
6- Fintech and the uberization of the banking sector
Large Internet companies have already obtained licenses to operate as financial entities. This phenomenon responds to the dissatisfaction of consumers with the banking sector that has been the result of the 2008 crisis, especially by young people. In fact, 33% of millennials say they don’t need a bank.
Together with the technology giants, fintech companies join, which threaten traditional payment with new systems, which also include loan services or investment companies. These are mostly financial services startups, which in the first half of the year have reached the chilling figure of 15,000 worldwide.
This irruption of technology affects traditional banking to the point that, according to PwC, they fear they can eat 25% of their current business in the next five years.
According to Finnovating data, investors injected more than $ 22 billion of financing in these companies in 2015, reaching 75% more than in 2014.
7- Mobile commerce
Between 2010 and 2013, shopping centers in the United States lost 50% of their visitors, from 35,000 million visits to 17,600 million, and with a decrease in the purchasing power of consumers.
Although today electronic commerce only represents 3.5% of the total sales of the North American country, as noted by the Bureau of Labor Statistics, at Christmas 2015 it touched 8%, and it is expected that by 2018 it will reach 11%.
In this context, Amazon already exceeded the market value of Walmart last year, and now competes in the fresh produce market, where an arduous battle arises after the purchase of Jet.com by the supermarket chain, which paid 3,000 million dollars.
8- Urban world
Currently, the population is moving towards urban areas, especially megacities with more than 10 million inhabitants, with 6,000 million people living in these places in 2045, according to the UN. But this fact also entails negative connotations, such as the increase of 2 billion people in marginal areas.
In this context, the key is in the middle class since in 2030 61% of the global Gross Domestic Product will be generated in the cities, which should be more sustainable.
The Organization for Economic Cooperation and Development (OECD) already speaks of a new political order, in which new challenges such as transport, housing, security, employment, migration or education will appear. In the future, infrastructure investment will be crucial for the competitiveness of these urban spaces.
9- Cultural world
As UNESCO indicates in 2016, the cultural industry is growing in importance, generating 29.5 million jobs in the world, and representing 3% of world GDP.
Income from culture, and goods and services directly related to it, already represent 2.25 billion dollars globally, that is, more than the entire automobile industry in Europe, Japan and the United States.
10- Sustainability versus profitability
Consumers, and especially young people, have boosted interest in sustainable companies because, worldwide, 63% of people under 40 feel “influential and powerful” because of the impact generated by their virtual actions through of social networks.
In Latin America alone, 44% of organizations believe that sustainability increases their profitability, with 80% being those that already consider it relevant to their business, as PwC states.