Trends Identified
Automation
Although companies have been gradually automating for decades, recent advances in areas such as robotics and artificial intelligence are not only obligating people to work side by side with machines but are also creating replacements for human workers—even in fairly sophisticated jobs. Nearly half of all jobs in the US could be automated by 2050.
2017
Twelve Forces That Will Radically Change How Organizations Work
Boston Consulting Group (BCG)
Big data and advanced analytics
Through the use of big data and advanced analytics, companies are now able to improve marketing, productivity, and other essential aspects of their existing operations, lower costs, and gain real-time insights into promising new approaches and opportunities. BCG estimates that big data and advanced analytics could unlock more than $1 trillion in value annually by 2020.
2017
Twelve Forces That Will Radically Change How Organizations Work
Boston Consulting Group (BCG)
Access to information and ideas
The ability to tap information and ideas from anyone, anywhere, is multiplying exponentially, both for individuals and for businesses. As the cost of technology—including both hardware and data—continues to fall and global internet penetration expands, recent advances in cloud computing and storage are lowering the cost of access and processing. The implications are wide-ranging: people can be continuously connected, access data from any location, work remotely with ease, and collaborate with their global colleagues in real time.
2017
Twelve Forces That Will Radically Change How Organizations Work
Boston Consulting Group (BCG)
Simplicity in complexity
Organizations tend to respond to new challenges by adding teams, functions, and departments. As organizations grow, their structure becomes increasingly complicated. New silos develop, the number of stakeholders involved in decision making increases, and interdependencies between functions multiply. The plethora of stakeholders, decision rights, processes, and policies slows down every decision and hinders collaboration across departments, reinforcing the silo effect. 74% of managers say that company complexity is hurting business performance
2017
Twelve Forces That Will Radically Change How Organizations Work
Boston Consulting Group (BCG)
Agility and innovation
A number of innovative approaches that began in software development are now being adapted by organizations for non-IT products and processes—including agile, scrum, kanban, design thinking, and other creative methodologies.
2017
Twelve Forces That Will Radically Change How Organizations Work
Boston Consulting Group (BCG)