Home » Bookkeeping articles » See Top 10 Analytics & Business Intelligence Trends For 2021

See Top 10 Analytics & Business Intelligence Trends For 2021

April 27, 2021
Bill Kimball

future business trends

Now this industry makes use of “vehicle tracking time clock, mobile time clock apps” to monitor their employees. But still when it comes to billing and payroll, employers require a dedicated staff member to manage all these.

future business trends

From e-cars to autonomous vehicles, the transportation industry is in transition as well to develop the next generation transportation that is safe, reliable as well as good for the earth. In the energy sector,decarbonization of power is underway to meet the emissions reduction targets agreed to as part of the Paris Agreement on climate change.

To produce his cost segregation reports, Roelofs used drones and 3D camera technology to create a documented file of a property’s assets while measuring it within one tenth of an inch. This technology is not only highly accurate, but it also removes the high cost of traditional engineering in the field. In the past decade, there has been a noticeable shift in consumer expectations and behavior. Mandy Nagel, the founder of eco-friendly clothing company, I Thought of You, has found that more people are choosing to purchase quality, long-lasting items rather than items that need regular replacing. While professional organization is an industry with little to no education requirement, Ehrlich explained that Kondo has now set a precedent.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. We help companies thrive in the transformative age by refreshing themselves constantly, experimenting with new ideas and scaling successes.

In terms of growth, the key areas to watch are in software, services and international growth. It’s clear that hardware is now ubiquitous and now the value is in what you can do with the hardware. Expect companies to explore computer vision, machine learning and other routes to services in the home. Major acquisitions, and the fact that hardware is now ubiquitous, has led to a slow-down in innovation in the Smart Home industry. Sure, everyone’s talking about 5G, and big companies are still involved in Smart Home, yet there are few exciting storylines to watch this year. Computer vision, machine learning and artificial intelligence can now analyze data from cameras and sensors to re-invent the shopping experience and drive new efficiencies.

This trend will open huge opportunities for businesses targeting adults that are over 50, who are looking to enjoy a blissful retirement. Such businesses include retirement real estate, retirement recreational services, nutritional counseling to help seniors look better, etc. Due to the ever-aging population in the United States and other developing countries, there is an increasing demand for independent living by the elderly. And any businesses that can cater to this need by offering personal home care products and services to the elderly; with respect to physical therapy, grocery shopping, cooking, etc will be of great relevance for years to come. This is related to Web designing, as the demand for the good SEO services seems quite high. Every webmaster who holds a website want to be found by the search engines and people to increase their profit margin.

Ever since Eugene Cernan stepped off the moon on Dec. 14, 1972, the moon has been devoid of human contact. Space Adventures has commenced the business, by planning a lunar mission for tourists in the next three to four years. This is a form of pay to play lunar travel and will be available in the next few years. Accessing space used to only be the province of governments or large aerospace giants. That is no longer the case, with numerous companies sending paying customers into the heavens. That may go a step further, with lunar missions, in the next five or 10 years.

Without requiring any big investment in the upfront, you can simply start your business as a freelance translator. All you need is a sound knowledge in the languages you are going to deal with. Remember though, just being aware of the languages will not be sufficient to carry out an effective communication. Due to the current state of the economy, businesses are looking for ways to cut down cost and streamline their operations. One way businesses are trying to achieve this is by outsourcing to freelance contractors what used to be in-house functions; such as human resources, accounting, and IT related tasks. If you can setup an outsourcing agency, you are in for huge profit potential.

Where feasible, look for opportunities to arrange talent-sharing partnerships with other organizations to relocate employees displaced from their jobs by COVID-19. Prior to COVID-19, organizations were already facing increased employee demands for transparency. Employees and prospective candidates will judge organizations by the way in which they treated employees during the pandemic.

Major Business Trends To Watch In 2020

And in case you are asking if it’s possible for cars to run on electric, yes it is. Car sharing or car sharing or car clubs is a model of car rental where people rent cars for short periods of time, often by the hour. They are attractive to customers who make only occasional use of a vehicle, as well as others who would like occasional access to a vehicle of a different type than they use day-to-day. Uninterrupted power supply systems also known as UPS or inverters are gadgets used to store energy, so that when there is absence of power, the UPS can be used as a back-up source of power.

Apps, mobile-friendly websites and e-commerce have become must-haves for every business. One reason is that businesses don’t always test their applications or software carefully enough; meaning testing services are now in hot demand. And it is expected that by the year 2021, 80% of workers born in North America will be older than 50; a statistic revealed by Entrepreneur magazine.

The manufacturing of artificial body parts is one of such most amazing sectors. Due to the convenience that they provide, these apps and services are rapidly gaining popularity and are expected to take over a large part of physical healthcare services. Investors and developers are developing medical apps where doctors provide their services and patients use these services. Besides doctors, there are apps where you can find pharmaceuticals and get them delivered to your doorstep. With the advancement of IT and AI and also due to the present pandemic situation, virtual services are becoming a big thing. Opening a solar energy setup business will prove to be highly profitable. You can open your own home solar energy setup business with high to low investments.

The 4 Biggest Trends In Big Data And Analytics Right For 2021

Due to the high rapid urbanization, every year hundreds of thousands of people migrate to cities. There are several reasons behind this migration such as to find jobs or to improve their living standards. The prices basically depend upon the specifications and features of the 3D printers. If you want to purchase a 3D printer with good features then the price will be high. If you want to check the upcoming weather conditions, then there are some mobile applications through which you can check the weather conditions and take appropriate measures. Some other examples are wearable fitness devices and smart thermostats apps. In short, people are using the latest tech gadgets for their own convenience and comfort.

  • Now companies of all types and sizes are amping up their efforts in order to save energy, lower carbon dioxide, use sustainable materials more often and streamline packaging.
  • It is a good opportunity for those who want to start a goods and services business.
  • Seen the movie Men in Black or Colin Farrell’s Total recall earlier?
  • Automated cloud deployments, or DevOps, is a fast-evolving landscape that Dominic Holt of harpoon Corpbelieves will be an important trend in 2019.
  • Many US-based companies argue that they use European servers, and there is no data transfer to the US at all.

Kids are your future customers, so gaining their loyalty now isn’t a bad idea. JWT Intelligence also cited the connectivity of kids as a big trend for the future starting from now. According to Common Sense Media, three-quarters of kids have access to a mobile device. The idea underlying this future business is exploiting and exploring space.

How To Minimize Banking Fees For Your Business

Business intelligence has brought many automation possibilities and in 2021, we will see even more. Long-standing barriers between data scientists and business users are being slowly mixed into a one-stop-shop for any data requirement a company might have – from collecting, analyzing, monitoring, and reporting on findings. A scenario might include intelligent reporting – predictive analytics and automated reports increase the business users’ capabilities to automate data on their own, without the help of the IT department. On the other hand, data scientists still will manage complex analysis where manual scripting and coding is necessary. This is one of the business intelligence market trends that is not going to vanish anytime soon. Since it has been evaluated at USD 6.18 BN in 2018, it is also predicted to grow with a CAGR rate of 22.43% by reaching 2024. Mobile business intelligence is becoming more incorporated into BI solutions and next year the trend will certainly not lose its importance.

While stories are short in length and disappear, you are able to reach a larger audience and can quickly catch their attention. Statista reported that global e-commerce will grow to about $5 trillion within the next four years. With these numbers, tons of retailers are moving investments from brick-and-mortar storefronts to online stores. It’s important to leverage social media to gain more sales, use a cutting edge warehouse to ship orders more quickly, and more. All of the following can help your e-commerce beat the competition. efforts are part of the company culture because the focus is on boosting morale and engagement while retaining top employees and attracting new hires. Find out what the new internal communication trends are here so you can create effective communication in the workplace.

You can deliver lectures and interact with your students over Skype, making online tutoring one of the easiest online businesses to start. With the dramatic increase in the popularity of social networks like Facebook and Twitter, businesses are deeming it more necessary than ever to start using these platforms for reaching out to prospects. Nowadays every small to large businesses have started to establish their online presence through websites. All you need are just a PC with internet connection and a bit of creativeness. Two out of every two people love pets and they are more popular than ever, and some of them get medical care that’s practically fit for a human. The BLS expects the need for vets to rise 36 percent by 2021.Every household owns a pet.


In China today, there are robots used in schools, in the military, healthcare, and in many industrial automation companies as well. Sooner or later there will be no such thing as human labor force with the likes of Kengoro, the Japanese most advanced robot that has just all the capabilities of a human. If you are seeing an end to traditional medical services already by this then the Watson of IBM will amaze you. A hyper-intelligent supercomputer that has the most accurate answer to just anything.

The shocks of our transitions are still reverberating and will continue as we shift to the next phase of our experience in all areas, including the economy, technology, healthcare, social development, and more. Dozens of tools and disparate sources are still part of the bottleneck that businesses are facing today. BI has come to the solution to enable users to consolidate all the data that a company manages and provides methods to discover, analyze, measure, monitor, and evaluate large scale data. We have mentioned hyperautomation in our article for the top 10 IT buzzwords which Gartner predicts will explode in the next year, and we certainly agree.

future business trends

Now everyone afford to get at least one smart phone in their hand. Luckily, there are no much smart phone repairing services are out there. As it opens a wide opportunity, without any doubt it would serve as a best small business to start now. Migrating from one platform to another is a pain and as technology improves, there’s going to be an increase in need for migration services, so that platform users won’t lose data while moving across SaaS platforms. Marketing and market research are two growing fields where the use of data is exploding.

And, if they also happen to be educational or promote good health, you’ll win their parents over, too. You can start small by designing a few kid-friendly apps and see where your business goes from there.