Cornerstone Insurance Agency Blog
Big issues, such as the ongoing pandemic and the threat of climate change, are causing major transformations in all industries and businesses. The future will become more technologically dependent, with major repercussions for enterprises worldwide. Let’s take a look at these top business trends in 2022.
1. AI All The Way
AI will continue to be a huge transformative engine for global industries and enterprises as we expand into a digitally enhanced society. According to research, the worldwide AI business might be worth up to $190 billion by 2025. More so, companies are predicted to execute an average of 35 AI initiatives in their operations by 2022.
2. Growth of Metaverse
The metaverse is a futuristic virtual environment, mostly accessed through a VR headset. It will offer a variety of leisure and projects and more options to work. The metaverse will shape the operations of businesses and enterprises in three ways:
3. Enhanced Internet Security and Privacy
Recently, several organizations have been the target of large cyberattacks, making businesses increasingly exposed to damaging attacks. Applying AI to cybersecurity protocols will make them quicker and cheaper, enabling cybersecurity to detect threats. Such measures will grow more important in the years ahead.
4. Renewable Energy for Sustainability
Archaic corporate methods will have to change by 2022. The decreasing cost of producing sustainable energy makes widespread adoption more possible in the future.
It is expected that the development and use of solar and wind technology will skyrocket, and businesses should consider how much resources and energy their business models consume. Renewable energy is not only long-term, but consumers favor environmentally conscientious businesses.
5. Social Media’s Influence Will Rise
In the coming years, the relevance of social media in marketing operations and e-commerce plans is set to grow. According to Finaria, online advertising expenditures would reach $105 billion in 2021, up 15% from 2020. Spending on social media advertising has increased by over 70% in the last three years.
The key lesson from analysts and other inspired predictions is that the macro change to digital will be marked by massive automation. The business-technology trends mentioned above will materialize to some extent, but many will take longer than the analysts predict. Companies should plan for the above-mentioned macro trends.
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