8 Business Trends to Watch in 2018

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Are you interested in the main business trends that can help you drive success for you and your company in 2018? This article tells you about the top business trends for 2018. Here they are:

  1. Solid Economy in 2018, with Tax Cuts Boosting Growth

The economic expansion is 8.5 years old, and soon it will become the 2nd longest on record. Unemployment is at all-time lows in 13 states. Wages are starting to rise.

  1. AI Will Further Grow

The explosion of connected devices resulting in an enormous amount of data that can be transformed into intelligence by smart machine-learning algorithms is expected to bring about a new industrial revolution.

It isn’t just about artificial intelligence but augmented intelligence, man + machine. The use of AI is being used to augment our performance across a variety of industries. According to a 2017 report by Microsoft, AI was already present in the half a billion devices running Windows 10.

  1. Automation Will Achieve Dramatic Growth

Automation is on the rise. Such growth is driven by massive spending and the rapid growth in specific areas. Traditional jobs will go on being automated out of existence on a daily basis.

  1. The Experience Economy Will Be on the Rise

Customers are more focused on spending money on concerts, dinner dates, and trips. Customers need an emotional connection. They are looking for companies that speak to their reason and their emotions.

  1. Retail Apocalypse

Half of the 1.200 malls in the US are expected to close by 2023. Amazon and online shopping are on the rise, which makes it more challenging for the brick and mortar to survive.

Merchants on the lookout for reliable and low-cost financing for their business, including ACH merchant advance funding, should turn to a reputable alternative online lender in the field. A respectable business funding provider can provide both traditional and high risk business with the best merchant funding to help them grow easily.

  1. More CEOs Will Step up in 2018

The “Age of the CEO Statesman,” was a major shift in American political culture in 2017. CEO Statesmanship will be more closely associated with companies’ business planning processes. Also, CEO Statesmanship will become more strategic.

  1. 2018 Will Mark a Turning Point for Women in the Workplace

The #MeToo movement has brought a major shift in acceptable workplace behavior. 2018 will account for more transparency in the workplace.

  1. Blockchain Is Emerging in Healthcare and Fintech

In 2017, cryptocurrency became mainstream. Blockchain technology powers most cryptocurrencies. More companies across more industries in 2018 will focus on how blockchain technology can create efficiencies and new business models for them in the future.

To build a successful business, you should focus on the right trends. Read above to get to know the top business trends that can help leading companies around the world drive success.

Author Bio: Business Funding expert, Nathan Hale, founded First American Merchant with his eyes set on helping the backbone of our country, small business owners. His passions include writing/producing music, and travel. First American Merchant is America’s Best ACH merchant advance funding company, serving both traditional and high-risk Businesses.

 

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