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Cornerstone Insurance Agency Blog

Top 5 Business Trends This 2022

8/22/2022

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​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:
  • Creating new client and commercial relationships
  • The emergence of cryptocurrencies and NFTs
  • Streamline communication between remote employees

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.

Conclusion
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.

At Cornerstone Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (888) 661-8831 or Click Here to request a free quote. Any coverage discussed is not guaranteed. Please contact us today to go over your policy to ensure your needs are met! We are here and happy to help.
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