Here's a quickie for a Friday night, courtesy of December's McKinsey Quarterly. James Manyika, Roger Roberts and Kara Sprague have identified the eight business technology trends to watch over the next decade:
- Distributing cocreation (or 'wisdom of the in-crowd'?)
Outsource innovation to business partners that work together in networks - Using consumers as innovators
Tap into the new mood of customer engagement for economic benefit - Tapping into a world of talent
Competitive advantage will shift to companies that master the art of breaking down and recomposing tasks - Extracting more value from interactions
Technology tools that promote tacit interactions will become just as ubiquitous as the computer itself - Expanding the frontiers of automation
Companies still have headroom to automate repetitive tasks - Unbundling production from delivery
Use technology to offer other companies access to parts of your business - Putting more science into management
Technology can help managers exploit ever-increasing amounts of data to make smarter decisions - Making businesses from information
Accumulated pools of data are the raw data for new information-based business opportunities.
As they say, "smart managers should start doing their homework now." I like to think that we're doing some of these already, but we still have a long, long way to go, both inside our own business and as an industry as a whole.
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