Throughout the 21st Century, tech has moved quickly. We’re a vastly different world now than we were even just ten years ago. One of the reasons for this rapid change has been the pandemic.
A McKinsey Global Survey that was conducted in 2020 revealed that, because of the pandemic, executives were finding their companies had “accelerated the digitisation of their customer and supply-chain interactions and of their internal operations by three to four years. And the share of digital or digitally enabled products in their portfolios has accelerated by a shocking seven years.”
The report summarises: “Digital adoption has taken a quantum leap at both the organisational and industry levels.”
As great as it is that we live in a more technically clever world, this also brings with it a huge problem. As stated in an article by Tech Monitor: “Technology innovation is developing at a faster pace than the skills needed to apply such technology… This is creating a vicious circle, whereby there are fewer people to do the jobs we desperately need to keep innovating. In time, this will slow down the pace of innovation, constricting the growth of our economy while we face a cost-of-living crisis.”
Innovation here is the key word. With a seemingly endless tech stack available to any business, it’s not about what tech you use anymore, instead it has to come down to how well it is utilised. Those who are more innovative and creative in their approach will undoubtedly get the best results, but that means you need confidence in what you’re doing.