Essential Trends That Future-Forward Business Need to be Aware of in 2019
It tends to be businesses with their finger on the pulse that do the best. Therefore, if you want your company to be considered among these, and reap the rewards, you will need to educate yourself on the most important trends of 2019. So let’s explore a few of the big topics impacting business today.
It does not quite mean rise of the robots yet, but automation will be playing a big part in business in 2019. In fact, if any repetitive and mundane tasks are still being done by humans in your business, the likelihood is that you are not working as efficiently as possible.
Of course, a lack of efficiency has a direct affect on your bottom line and limits your capacity for growth. Therefore it’s crucial to examine the application of automation to areas such as marketing and sales, accounting, and even document production in your business.
Another business trend that will continue to dominate in 2019 is outsourcing. This is where instead of doing things in-house you send particular projects to specialists that work independently of your company instead. There is massive trend in freelancing and this is set to impact many industries as many top line thinkers move out of organisations and begin freelancing their services.
Of course, the value of outsourcing is tremendous because not only does it ensure you get the best people for the job that needs to be completed, but it also frees up your staff to focus on what they do best. This again being a much more efficient way to run a business, that should lead to better profits in the long run.
Employee Wellbeing and Happiness
Lastly, a significant 2019 business trend that all companies need to be aware of is employee well being. This trend is all about making sure your business is the best it can be by ensuring that those that work for you are as happy and healthy as possible.
In fact, by encouraging employee health, you can not only improve productivity but cut down on absences due to illness and stress as well. Something that can cost businesses a great deal of money each year. An important aspect to consider is your internal communication systems might be encroaching on your employees down-time which can lead to burnt out employees who are disengaged and unhappy.
Therefore if you truly wish to be a future-forward business you should encourage exercise schemes, gym memberships and flexible working into your benefits culture. Oh, and don’t forget to offer the option of remote working where possible, as this can contribute positively to employee wellbeing too.
Online security is a massive business trend in 2019 to look out for. Not only inside your business but it is a primary concern of your consumer and so business will have to heed this call and provide a much better service in this area.
One way of doing this is to achieve kyc compliance when a customer sets up their accounts with you. This is all about knowing that your customer is who they say they are. Something that can help prevent fraud and misuse of accounts, and so protect both the customer and your business in the long run.
In addition to this, as businesses take data to the cloud, ramping up security in your business is another essential trend that companies will be wise to follow in 2019. With the POPI act and GDPR affecting the way we collect data and what we do with it, it is important to understand the legal ramifications of a data leak.