K-MAS ManagementAmazon and eBay identified the power of using online platforms to reach worldwide customers very early, enabling them to become industry giants. Many companies, international and local, are now following the trend of getting the so-called “Cloud” benefits. The same trend of individually small clients collectively creating significant impact then moved into cryptocurrency and online services. Even the hardcore technical and regulated segments such as banking and share markets are now opening to online markets and the so-called “Retailer Movement”. When push comes to a shove, online is the best place you could be.
Taking your business online has so many advantages. Two of the substantial benefits of going online are.
- The online business opens a worldwide market 24/7 for you to serve
- Provides many opportunities to automate your labour incentives processes such as marketing, customer service and order fulfilment. For a startup or small business which cannot afford to hire many employees, this can be the most critical capability to propel business growth.
Another important thing about online market space is that it is not just for companies. Suppose you are an individual looking for more admirable career prospects or an individual seeking business startup options. In that case, it is high time to look beyond the traditional organizations in the next decade.
Following are some of the top business and individual trends you will see in the next five years, which you can take advantage.
Top Industry Trends Businesses must be aware of
- Rise of Internet of Things (IOT) and Digital Disruption of Day-to-Day Processes: Apps, Sensors, and automation is shaping how people interact with each other for the past decade. It will become the driving force of human behaviour in the next decade. It is not just banking, and retail must consider online. On the other hand, companies must think of developing IOT based business models than just transferring their data into the cloud.
- Human to Human (H2H) Value Chain Driven Business Models: “Gamestop” saga has shown us one thing above all. It is the power of reaching individual consumers. By going for mass communication and broader distribution, any business can find their niche of customers from anywhere from the world. Companies must reinvent their business models, focusing on the above objective than adding automation here and there.
- Data Driven Decision Making Processes: Data is the new currency of business. It is the fuel that propels business growth. Companies must rethink “What”, “When”, and “How” they are going to collect data about their businesses and “How” they can use obtained data to optimize business performance.
Top Trends for Individuals
- Become an Influencer: Many individuals fail to perform in the traditional job market though they have unique skills which may not be relevant to the market. But with online platforms, you can easily find a group of admirers across the globe through a “Youtube Channel” to create a decent income. Many platforms and a wide range of subject areas, from food critiquing to travel blogging to movie critiquing, are available to match your unique competencies.
- Online Freelancing: Many platforms are mushrooming, providing opportunities for individuals to do freelancing work. Such freelancing sites offer a wide range of jobs, fitting any skills. Companies advertising on freelancing sites do not check your education certificates or job experience. If you have the talent, you get the job.
- Become an Investor: Though a bit complicated, this can be another opportunity for individuals. There are many new financial products to select from and many opportunities to access significant share markets and other possibilities such as Bitcoin and Forex. Enrol for a free online program and sign up for a social group analyzing the market trends, and you will be good to go.
Source:
https://abcnews.go.com/Business/gamestop-timeline-closer-saga-upended-wall-street/story?id=75617315
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