Brave new world of business

Topic Selected: Business

General Article icon Type: General Article

Predicting the future is not an exact science. However, in these days of rapidly changing technology, it has become more imperative than ever for companies to look ahead and try and predict how technological advances, globalisation, environmental concerns and people’s desire for more flexible working will affect the way business is carried out. And this future of work matters not only in the way we work but where we work.
In fact, commentators predict that for firms, the next decade will be as revolutionary as the original Industrial Revolution nearly three centuries ago and this time it’s global. In McKinsey Quarterly, an online business journal, W Brian Arthur, in his essay ’The second economy’, argues that the Internet and digitisation is the biggest change since the Industrial Revolution: ‘In fact, I think it may well be the biggest change ever in the economy… There’s no upper limit to this, no place where it has to end.’ Profe

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