It’s no news that technology has transformed the way people interact, both in their personal and professional life. According to Singularity University in Silicon Valley, we are going through a transition between a linear world and a global one. It is time then to change the way we see things, how we think and how we react.
Exponential Technology Growth: With faster and better ways of achieving the best productivity, new technologies bring improvements in not only better products and services, but lower expenditure and increase in accessibility.
Global Internet Access: It took twenty years to reach the first billion users; just five years to get to two billion; and another four years to hit three billion. By the year 2020, which is in three years, it is estimated that over three billion new users will have connected to the web. Many will do so this year bringing new business opportunities.
Connectivity: In the 1960s, computers were rare and too expensive for a single person to own. The concept of a sharing economy came about and a group of people who took turns to access the same system. Today, accessing the internet is seamless on both computers and personal devices. Additionally, many companies today create interactions between people and offer possibilities never dreamed of before.
Evolution of Business Models: The advancement of technology makes it simpler for new business models to enhance in a more efficient, economical approach. Innovative discoveries are occurring more frequently than before and billion dollar deals are created in a matter of months. When new innovations are released, technology is a key part of the idea. Organizations must create a key strategy around the new spectrum and rethink about the most important tactic by reinventing the policies (price, values, etc.). This year in 2017, the digital culture will be seeing more companies creating and innovating a new digital culture.
The Digital Experience: People are using technology in their everyday life by accessing applications from their mobile devices. People use it at work including the usage of messages, video applications and many other platforms that allow them to manage documents and agendas ensuring greater interaction between mediums. Consequently, the process of creating and sharing knowledge is getting faster and faster. With all the information generated by the sharing economy, companies need to identify behaviors and use this to find value in new places. Chatbots will be adopted in the coming year, precisely because they are a response to this demand. People want to answer certain questions, search for information or make complaints in the same way they obtained that product or service: digitally.
Changes in the Value Proposal: Data is the driving force behind the next major wave in the search for the value proposal. It is this combination of quality of data and intelligence on which companies are focusing their technological efforts on increasing the power of their networks, achieving unlimited connectivity and using the total power-generating capacity to compile, add, correlate and interpret data and, therefore, make dramatic improvements to people’s lives.
Are you ready to help your clients be part of this era? Find out what C&W Networks can do for you and join them on the road to a hyper-connected future.
