5 Mega Trends to Steer Businesses Forward in the New Decade of 2020s
Many businesses have perished or faded away amid the constant evolution of technology and rapid-changing consumer behaviors, a reflection that “Adapting” is the only way for businesses to survive the age of disruption. It is certain that in the beginning of the new decade of the 2020s, new changes will be expected, especially technology trends that will affect ways of doing business in the 2020s. The following are the mega trends that will pose both challenges and business opportunities in the next 10 years. 1. Hyper Personalization: Personal needs are answered with services and products that go beyond expectations. One-size-fits-all is no longer the way to offer products and services going forward. Customer needs should be answered even before the customers express their needs. The more the products respond to customers’ specific preferences, the more the products become in high demand. An example is the motor insurance business where products are customized a...