A number of new and emerging technologies, many aimed at enhancing the way Internet is used, promise to change how companies innovate, managers make decisions, and business lower costs, tap talent, or realize new business opportunities.
Although technology always promises benefits, actually gaining them requires a good understanding of its real business implications and of the concomitant managerial changes. The trends fall within three broad areas of business activity: managerial relations, managing capital and assets, and leveraging information in new ways.
According to Mckinsey report the eight business technology trends to watch are:
1.Distributing co creation
2.Using consumers as innovators.
3.Tapping into a world of talent.
4.Extracting more value from interactions.
5.Expanding frontiers of automation.
6.Unbundling production from delivery.
7.Putting science in Management
8.Making businesses from information.
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