Top Trends poised to transform industries in 2018
Frost & Sullivan in the US have released the The Top Trends for 2018: The Power of Technology and Technology Companies compiled by their Visionary Innovation team. Frost & Sullivan has been developing growth strategies for the global 1000,emerging businesses, the public sector and the investment community for more than 50 years.
“In 2018, business conversations will be dominated by several key subjects: science fiction becoming a reality, the clash of technology and governments, rising consumer concerns about technology, and state-sponsored technology,” said Lauren Taylor, Visionary Innovation Group Principal Analyst at Frost & Sullivan.
Some of the trends poised to transform industries include:
- The Innovation Tug-of-War: We will see increasing struggle between leading technology companies and the organizations and governments that regulate them, creating a tug-of-war on innovation that works to balance consumer protection with the pursuit of innovation.
- Quantum Arms Race: Quantum computing is rapidly evolving and looks poised to achieve quantum supremacy—the ability to outperform traditional supercomputers. Key areas of focus will be encryption, AI, materials, and qubit generation
- Flying Personal Transportation: Flying personal transportation is making notable advances with progressive tests and demos, as well as new competitors entering the space. While not on the public’s radar at the moment, expect this to be the new drone craze.
- The Rise of Enterprise Behavioral Science: We expect behavioral science to enter the fast follower phase as an emerging function in the enterprise this year, with savvy companies adopting these economic and social science principles to increase worker productivity and nudge consumers toward desirable outcomes.
- Shift Away from Platform-only Models: Uber and Airbnb have indicated a move beyond platform-only models and into acquisition and partnership with asset providers, signaling a need to differentiate and overcome some of the challenges that a platform-only model presents.
Source: Frost & Sullivan