Innovation 2021 : What You Should Expect

Updated: Jul 19

The COVID-19 pandemic has accelerated technology trends that have greatly impacted nearly every component of business. For example, eCommerce combined with social media information is now a primary consumer behavior with better reach, more cost effective prices, faster delivery and healthier engagement between parties reports

From a efficient business model perspective, eCommerce enables companies to deploy real-time data analytics, artificial intelligence modeling and cloud computing automation apps that produce significant cost reductions to supply chain logistics and personnel staffing models. Overall return-on-investment is 55% better now in most cases.

Specifically, eight innovation trends are expected to be a focal point for businesses in 2021 reports

  1. Real-Time Data Analytics - Artificial Intelligence ... enable ultra-fast adjustments to business services and manufacturing capabilities to meet consumer needs

  2. Robotics, Automation and Drones ... delivers super cost effective supply chain, customer service and manufacturing capabilities

  3. Cloud Computing, eCommerce ... robots as a service and rent AI as a service

  4. 5G Ultra-Fast Networks ... enable streaming healthcare innovations, eCommerce and mobile video content 24/7 as entertainment and business development

  5. Augmented Reality, Virtual Reality ... changes shopper experience, fitness and entertainment ... avatar identity and crypto-currency become mainstream

  6. Biotechnology, Healthcare innovations find answers to cancer, HIV, sickle cell anemia and other illnesses that are eradicate within 3-years

  7. Clean Energy and Biodegradable materials ... demanded by consumers and adopted by business models ... expect carbon tax and govt mandates for clean sustainable practices

  8. Digital Nomads change the workforce model with greater hybrid job opportunities working 2 days in office 3 days from remote location

What to Expect for 2021 Employment Opportunities ...

Among the trends to evolve in 2021 will be a significant repositioning and focus on transforming employee job skills, particularly those individuals that are technically savvy and capable of managing automated systems and analyzing sensory big data results to optimize the efficiency of the business operations involving technology.

The new business model innovations that have been accelerated will require a ramp-up period to train, properly educate a large segment of worker population over several years. And therefore, higher unemployment is likely to remain for sometime, when coupled with higher costs of business and huge debt issues, as a results of the COVID-19 pandemic which has touched every country reports

It's been almost ten months now into the Covid-19 pandemic, with millions of Americans still out of work and the nation hurtling into what most economists agree will be a period of sustained economic disruption, Washington has largely ignored worker retraining (Study Data December 2020).

And over 23 million Americans were thrown out of work in the first two months of lock-downs and business closures. Even today, although the unemployment rate has fallen, there are 10 million fewer jobs in the economy than there were in February.

Further, over four million people who would like to be employed full time are making do with part-time work, and more than 7.5 million workers who say they want a job are so discouraged that they’ve stopped looking.

The Covid economic shock has unleashed unprecedented creative destruction. But even these grim numbers don’t capture the full story. Will the restaurant industry ever bounce back to what it was before the pandemic? Maybe. Business travel? Less likely. Bricks-and-mortar retail? Almost certainly not. That doesn’t mean there won’t be jobs available across the economy; there will be. The Covid economic shock has unleashed unprecedented creative destruction, sharply accelerating the transformation that we once quaintly called the “future of work,” and there will be winners as well as losers.

But many jobs—perhaps even occupations—may be lost forever. Countless industries will change dramatically in the years ahead as automation and business restructuring reshape the economy. Even workers who keep their jobs may need retraining to stay abreast of a changing workplace. And many who have been displaced from a failing sector will need to reboot entirely, learning new skills for new jobs, often in unfamiliar industries.

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