Every year brings new opportunities for growth, but not without its fair share of peaks and troughs. While we can’t fully predict the future, we can definitely identify trends that will impact the business environment and endeavour to prepare ourselves to maximise their benefits. Here, there are a listing of ten top trends that stand to leave a lasting impression in 2015…
1. Education – a new world of opportunity
Driven by technology, access to education is no longer confined by physical and cultural boundaries. You could be a seven-year old child in Peru enrolled in a ‘Security & Networking’ course on an e-learning platform or a 56-year old housewife in Chicago getting a degree in ‘Advanced Design’ through a customised distance-learning programme. The possibilities are endless.
2. Evolution of the traditional workplace
The ‘9am-5pm’ work days are definitely a thing of the past. With video conferencing, collaborative mobile software and cloud computing, employees have the flexibility to work from anywhere and at any time. Co-workers are able to seamlessly work together from different geographical locations, and this is just the beginning.
2015 will unveil further innovations that will completely change the way we work. A major development in the pipeline is ‘Facebook at Work’ – the social giant’s new initiative geared at improving team collaboration and simplifying workflow (this was according to a report in Financial Times which cited anonymous sources).
Another emerging trend is that of the digital resume. Job-seekers will increasingly seek to go ‘beyond the printed page’, using alternative means to impress potential employers. Digital resumes will give instant access to real-time information, carry links to the candidate’s past or current work portfolios, allow for more visual representation (videos, pictures, career graphs) and weave a refreshing human element into traditional resumes.
3. Internet of Things
There will be 26 billion devices on the Internet of Things (IoT) by the year 2020 according to the research firm Gartner. In an online article on Forbes.com, Prakash Nanduri, Cofounder and CEO, Paxata, explains, “The real opportunity for IoT in 2015 will be in Smart Patient Rooms, Smart Cities, Aging in Place technologies, innovations around supervisory control and data acquisition (SCADA), smart meter reading, and even the reinvention of traditional workflows. For instance, in the construction industry, workers can now get supplies brought to them instead needlessly going up/down ladders and risking injury. Imagine the insurance company who would offer discounts on premiums to the construction firm using an IoT ladder over an older model. Not so different than a utility offering discounts for purchasing “smart” appliances. An insurance company could correlate the data coming from the ladder against claim data and against risk data. Suddenly, the IoT data is ONLY contextual, and therefore valuable, if it can be viewed against other meaningful data coming from data warehouses.”
With such advanced technology, businesses will have the opportunity to simplify workflow processes, reduce costs and increase safety in the workplace.
4. Ease of doing business
For entrepreneurs, start-ups and small business owners, 2015 brings further ease to operating their own businesses. “If you wanted to start a software company in 1990, you needed $20 million. In 1997, you needed $3 million. Today, you could do it for $25,000. By the end of the decade, more than 100 Fortune 500 companies will no longer be on the list, replaced by companies that don’t exist yet,” says Vivek Wadhwa, Research fellow at Stanford Law School. In fact, this is very much aligned Dubai’s Strategic Vision 2021, which highlights Dubai’s ambition to achieve the top ranking for ease of doing business. The report defines Ease of doing business as “an indicator that evaluates government procedures around business activity. It is based on ten sub-indicators: starting a business, obtaining construction permits, registering property, obtaining credit facilities, protection of investors, payment of taxes, cross-border trading, enforcing contracts, resolving insolvency, and obtaining electricity.”
5. Wearable technology
Fitness bands, smartwatches, Google Glass and the likes will become increasingly popular in 2015. One sector that stands to be completely revolutionised by this emerging trend is the healthcare sector. Wearables will soon be used for health monitoring and reporting. For instance, doctors will be able to wear bands or Google Glass to get constant, hands-free access to patient records. This will also fuel the debate on privacy and the extent to which these devices are intrusive.
6. The power of data
Speaking to the World Economic Forum, Dr. Shirley Ann Jackson, President, Rensselaer Polytechnic Institute, and a Global Agenda Council alumnus, rightly remarks, “Data is the new natural resource of the 21st century.” By 2015, Gartner predicts that 4.4 million jobs will be created around big data.
7. Women in the workplace
2014 has arguably been a landmark year for women across the globe. 2015 will see further development in terms of women in the workplace. In fact, 65 per cent of GCC organisations reported that gender equality is on their strategic agenda. Another recent report, The Q3 Spark Business Barometer, also highlighted that “millennial and women business owners are seeing improved sales, and tend to be more optimistic about financial conditions and business prospects, as well as the economy, compared to other generations and male counterparts. Entrepreneurs should seek out diverse points of view from their millennial and female counterparts; a new perspective may help tackle a long-standing challenge or identify a new opportunity.”
8. Public-private partnerships (PPPs)
For over two decades, PPPs have been successful collaborative mechanisms, implemented across several countries over the world. PPPs drive efficiency, transparency, speed and economic impact in the delivery of services and vital infrastructure. In fact, development of infrastructure is one of the key areas that PPPs can particularly help with – the success of this model in countries such as Australia and Canada is a good example.
World Economic Forum’s Global Competitiveness Report 2014-2015 further explains this: “Public-private collaborations have been common in areas such as infrastructure development because the potential gains that these specific governance structures could bring are significant for both the public and private sectors in terms of both the speed and scope of implementing projects and the particular strengths that each party can bring to bear. The private sector can contribute its management expertise and resources, and the public sector can contribute its understanding of public needs and resources. Besides the traditional public-private partnerships found in infrastructure, public-private collaborations are becoming more common in initiatives related to other drivers of competitiveness, such as in innovation and education.”
9. India as the new manufacturing powerhouse
Manufacturing will continue to strengthen and maintain its position as one of the most prolific sectors in the world. India’s recent ‘Made in India’ campaign has shifted the manufacturing spotlight from China to India. Research suggests that India has the potential to capture approx. $300 billion in manufacturing exports by 2015. In addition, the Asian giant stands to generate 25-30 million jobs by 2015 following such manufacturing transformation.
Comparing India’s manufacturing sector with China, the numbers paint an interesting picture. Here’s some food for thought…
10. World currencies and FX markets
A detailed report by FOREX.com explains: “The greenback has outperformed all of the major currencies and all of the emerging market currencies bar the Indian rupee (INR) and the Hong Kong dollar (HKD). Due to the divergent monetary policy paths between the Fed and other major central banks, the dollar is in a good position to continue to outperform in 2015, at least for the first half of the year. While we expect the dollar to reign supreme in Q1 2015, its performance for the second half of the year could be tricky depending on the Fed’s tolerance of dollar strength. FX markets could face another year trying to parse Fed statements to see if Fed members are happy with the level of the buck.”
-----------------------------------------
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http://vietnam-manpower.blogspot.com
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1. Education – a new world of opportunity
Driven by technology, access to education is no longer confined by physical and cultural boundaries. You could be a seven-year old child in Peru enrolled in a ‘Security & Networking’ course on an e-learning platform or a 56-year old housewife in Chicago getting a degree in ‘Advanced Design’ through a customised distance-learning programme. The possibilities are endless.
2. Evolution of the traditional workplace
The ‘9am-5pm’ work days are definitely a thing of the past. With video conferencing, collaborative mobile software and cloud computing, employees have the flexibility to work from anywhere and at any time. Co-workers are able to seamlessly work together from different geographical locations, and this is just the beginning.
2015 will unveil further innovations that will completely change the way we work. A major development in the pipeline is ‘Facebook at Work’ – the social giant’s new initiative geared at improving team collaboration and simplifying workflow (this was according to a report in Financial Times which cited anonymous sources).
Another emerging trend is that of the digital resume. Job-seekers will increasingly seek to go ‘beyond the printed page’, using alternative means to impress potential employers. Digital resumes will give instant access to real-time information, carry links to the candidate’s past or current work portfolios, allow for more visual representation (videos, pictures, career graphs) and weave a refreshing human element into traditional resumes.
3. Internet of Things
There will be 26 billion devices on the Internet of Things (IoT) by the year 2020 according to the research firm Gartner. In an online article on Forbes.com, Prakash Nanduri, Cofounder and CEO, Paxata, explains, “The real opportunity for IoT in 2015 will be in Smart Patient Rooms, Smart Cities, Aging in Place technologies, innovations around supervisory control and data acquisition (SCADA), smart meter reading, and even the reinvention of traditional workflows. For instance, in the construction industry, workers can now get supplies brought to them instead needlessly going up/down ladders and risking injury. Imagine the insurance company who would offer discounts on premiums to the construction firm using an IoT ladder over an older model. Not so different than a utility offering discounts for purchasing “smart” appliances. An insurance company could correlate the data coming from the ladder against claim data and against risk data. Suddenly, the IoT data is ONLY contextual, and therefore valuable, if it can be viewed against other meaningful data coming from data warehouses.”
With such advanced technology, businesses will have the opportunity to simplify workflow processes, reduce costs and increase safety in the workplace.
4. Ease of doing business
For entrepreneurs, start-ups and small business owners, 2015 brings further ease to operating their own businesses. “If you wanted to start a software company in 1990, you needed $20 million. In 1997, you needed $3 million. Today, you could do it for $25,000. By the end of the decade, more than 100 Fortune 500 companies will no longer be on the list, replaced by companies that don’t exist yet,” says Vivek Wadhwa, Research fellow at Stanford Law School. In fact, this is very much aligned Dubai’s Strategic Vision 2021, which highlights Dubai’s ambition to achieve the top ranking for ease of doing business. The report defines Ease of doing business as “an indicator that evaluates government procedures around business activity. It is based on ten sub-indicators: starting a business, obtaining construction permits, registering property, obtaining credit facilities, protection of investors, payment of taxes, cross-border trading, enforcing contracts, resolving insolvency, and obtaining electricity.”
5. Wearable technology
Fitness bands, smartwatches, Google Glass and the likes will become increasingly popular in 2015. One sector that stands to be completely revolutionised by this emerging trend is the healthcare sector. Wearables will soon be used for health monitoring and reporting. For instance, doctors will be able to wear bands or Google Glass to get constant, hands-free access to patient records. This will also fuel the debate on privacy and the extent to which these devices are intrusive.
6. The power of data
Speaking to the World Economic Forum, Dr. Shirley Ann Jackson, President, Rensselaer Polytechnic Institute, and a Global Agenda Council alumnus, rightly remarks, “Data is the new natural resource of the 21st century.” By 2015, Gartner predicts that 4.4 million jobs will be created around big data.
7. Women in the workplace
2014 has arguably been a landmark year for women across the globe. 2015 will see further development in terms of women in the workplace. In fact, 65 per cent of GCC organisations reported that gender equality is on their strategic agenda. Another recent report, The Q3 Spark Business Barometer, also highlighted that “millennial and women business owners are seeing improved sales, and tend to be more optimistic about financial conditions and business prospects, as well as the economy, compared to other generations and male counterparts. Entrepreneurs should seek out diverse points of view from their millennial and female counterparts; a new perspective may help tackle a long-standing challenge or identify a new opportunity.”
8. Public-private partnerships (PPPs)
For over two decades, PPPs have been successful collaborative mechanisms, implemented across several countries over the world. PPPs drive efficiency, transparency, speed and economic impact in the delivery of services and vital infrastructure. In fact, development of infrastructure is one of the key areas that PPPs can particularly help with – the success of this model in countries such as Australia and Canada is a good example.
World Economic Forum’s Global Competitiveness Report 2014-2015 further explains this: “Public-private collaborations have been common in areas such as infrastructure development because the potential gains that these specific governance structures could bring are significant for both the public and private sectors in terms of both the speed and scope of implementing projects and the particular strengths that each party can bring to bear. The private sector can contribute its management expertise and resources, and the public sector can contribute its understanding of public needs and resources. Besides the traditional public-private partnerships found in infrastructure, public-private collaborations are becoming more common in initiatives related to other drivers of competitiveness, such as in innovation and education.”
9. India as the new manufacturing powerhouse
Manufacturing will continue to strengthen and maintain its position as one of the most prolific sectors in the world. India’s recent ‘Made in India’ campaign has shifted the manufacturing spotlight from China to India. Research suggests that India has the potential to capture approx. $300 billion in manufacturing exports by 2015. In addition, the Asian giant stands to generate 25-30 million jobs by 2015 following such manufacturing transformation.
Comparing India’s manufacturing sector with China, the numbers paint an interesting picture. Here’s some food for thought…
10. World currencies and FX markets
A detailed report by FOREX.com explains: “The greenback has outperformed all of the major currencies and all of the emerging market currencies bar the Indian rupee (INR) and the Hong Kong dollar (HKD). Due to the divergent monetary policy paths between the Fed and other major central banks, the dollar is in a good position to continue to outperform in 2015, at least for the first half of the year. While we expect the dollar to reign supreme in Q1 2015, its performance for the second half of the year could be tricky depending on the Fed’s tolerance of dollar strength. FX markets could face another year trying to parse Fed statements to see if Fed members are happy with the level of the buck.”
-----------------------------------------
>>> Updating manpower news at Vietnam Manpower Blog
http://vietnam-manpower.blogspot.com
>>> Find out Vietnam manpower services supply
http://vnmanpower.com
1 comments:
nice article about
manpower in dubai
and manpower in abu dhabi.
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