Times are changing and maybe more quickly than we can adapt. Unfortunately, we as humans are a clever species endowed with the ability to plan contingencies for a variety of scenarios and make the best of any circumstances. 2022 is on the horizon and if it’s anything like the years that’s preceded it, business operations managers would do well to expect the unexpected.
In 2028, the United States will surpass China as the world’s most populous nation. This will not only have a significant effect on how people live their lives but also on how we conduct business. How can our organizations and companies adapt?
One of the most useful innovations to watch for this year is robotics. Robots have been used in manufacturing for years, but only recently have they become affordable enough to create a mass consumer item at a price that allows them to compete with other types of products and services.
The cost of manufacturing has been plummeting considerably over the last few years, and we are now starting to see widespread adoption of robots in our daily lives. Moving forward, it’s possible that retail stores and other service-based industries will need to increase their staff numbers more than they would like to counter the increased demand for customer service.
It’s estimated that more than half of the jobs lost in developed economies between 2010 and 2020 can be attributed to automation. The manufacturing, transportation, construction, energy, and utility sectors are projected to take the biggest hits. With the rise of intelligent automated systems and robotics, we may need to rethink how we run our organizations.
Due to the rapid rise of technological innovation, the need to automate processes and eliminate manual labor has become apparent. The trend will continue.
In 2023, technology will have a major impact on the workplace, with robots and advanced AI playing significant roles in how business is done.
The technology that’s currently available is already making it possible for law enforcement officials to automate their work and provide a more reliable service for the community.
AI isn’t going anywhere anytime soon, but outside of some highly specific scenarios (like nuclear war or pandemics), it’s unlikely that we’ll be seeing more widespread use of AI by 2021 than we see today. But the fact that AI can make many jobs easier means that robots are going to be a big deal.
If humans employed as autonomous workers (or even as embedded within existing robots) grow to become a significant part of the workforce, it may mean that corporations will have to change their policies and work structure to accommodate them. This is why management has a responsibility to stay up-to-speed on the latest trends and ensure that innovations translate into opportunities for all employees.
And in 2021, we are preparing for new technologies every day. It’s vital for business leaders to stay in tune with their competitors and what’s happening across industries. While there’s no guarantee of success, it is imperative that businesses understand how to capitalize on new technologies and prepare for the future.
Artificial Intelligence (or AI) is a field so new that it’s unclear where it will end up in 2021. Some believe it’s a technology that will become more advanced than humans; others are convinced that the majority of jobs will be lost due to AI. The reality? No one knows.
Where we do know is that robotics is going to make a big impression on our work lives as well as our personal lives. While many companies are starting to employ robots as a solution to labor shortages, others use them for tasks we thought were only humanly possible.
According to a recent survey from the International Federation of Robotics (IFR), manufacturers are installing robots in their facilities, on average, every 11 months. For those that are resistant to change, it may be too late.
The robot revolution is coming, and companies that aren’t prepared to adapt will be forced to close or consolidate into a single entity that can handle the automation demands.
Numerous IoT devices are already in use today, and it’s predicted that up to 50 billion devices will be connected by 2021 – 70 percent of which will come from China. The Internet of Things is a rapidly expanding marketplace where everyone can gain access to the latest developments and innovations in technology. The result? We’ll have a more integrated world, where everything from your car to your fridge to your washing machine is connected and acts as a single system.
The Internet of Things allows us to do things we can’t do today, from offering up-to-the-moment medical care and healthcare records that are accessible anywhere to facilitate our daily lives.
Interested in reading more about business operations? Business Operations – How it is Crucial For a Growing Business showcases how important business operations are for a growing business.
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