Top 10 Trends
Impacting Business

Companies need to leverage artificial intelligence to automate tasks, augment human capabilities, generate insights, and create value. Companies need to accelerate their digital transformation and adopt emerging technologies such as cloud computing, 5G, blockchain, IoT, robotics, biotechnology, and quantum computing. According to a recent report by McKinsey, AI could add up to $13 trillion to global GDP by 2030, creating millions of new jobs and opportunities.

Companies need to become "edge" organizations, where teams are part of a network but have autonomy to decide how best to optimize local performance while still meeting corporate goals. This will require moving computing power, data storage, and decision-making to the edge of operations, and leveraging technological advances and remote working. According to a recent study by McKinsey, edge organizations outperform their peers by 20% in revenue growth and 30% in profitability.

Resilience is about building agile, adaptive, and innovative capabilities that enable companies to thrive in times of change. According to McKinsey research, companies report that one month or more of disruptions occur every 3.7 years, resulting in losses worth almost 45 percent of one year’s EBITDA over the course of a decade.