What makes a company “future-ready”?

“ The future of work consists of learning a living ’’ — Marshall McLuhan

Our world is changing at a furious pace. That has never felt more appropriate than in 2020.

Technology has enabled us all to evolve and adapt to our new environment. And, while we focus our efforts on resolving the current global crisis, we should also consider the recovery of our society and economy a recovery unlike any we have seen before.

It is critical to understand what makes some businesses better equipped to survive and thrive. That is why we decided to investigate what characteristics these organizations share in order to better prepare them for what the future may hold.

What exactly is a ‘future-ready’ business?

We identified six common characteristics of a Future-ready company – Anoma Tech business they are confident and well-prepared for emerging challenges: they have a positive attitude toward change, are open to new technology, have clear steps toward business transformation and a detailed strategy, are up to date with trends and uncertainties, and are adaptable.

And these organizations approach business challenges in a unique way. All organizations can learn from these “future-ready” businesses in order to better prepare for and embrace the future.

“ Aim high, work hard, and love your family ’’ — Deborah Roberts

Let’s go over the findings,

1. Resilience in the face of adversity:

Nobody could have predicted we’d be experiencing a global pandemic, lockdowns, and an economic upheaval unprecedented since the 1930s at the start of 2020. This has had a massive impact on businesses all over the world. However, it was discovered that Future-ready company – Anoma Tech (FRBs) were much better prepared for Covid-19, are coping well, and expect to recover faster.

While 49% of all businesses report lower profits now than last year, 30% of FRBs report higher profits. In the next five years, 57% of FRBs anticipate increased profits, compared to 45% of all businesses.

But how do they do it?

‘Future-proof’ Businesses see the crisis as an opportunity to try new ways of doing things and have made more immense, more strategic investments in new technology. They aren’t afraid to change and take chances.

FRBs are far more likely to help those around them and are concerned about their employees’ health and well-being. In fact, 97% of FRBs provided additional support to their employees during the pandemic, compared to 90% of all businesses.

2. Changing with the times:

In addition, customers have become more empowered in recent years. 64% of businesses expect consumers’ power and influence to grow, and their ability to sway organizational behavior has grown significantly. Customers are increasingly interested in expressing their uniqueness and social values through the products and services they purchase.

This is causing FRBs to react. They are emphasizing brand purpose, emphasizing ethical behavior, and investing more in their local communities.

3. Sustainability is essential:

Sustainability has been creeping up the business agenda for a few years now, as the public has become more vocal about it and regulations have become more stringent.

67% of businesses are working to improve their sustainability, and 46 percent of FRBs see sustainability as critical to their company’s survival.

Global lockdowns have also provided us with some fascinating insights into climate change that are unlikely to be forgotten, making it more important than ever for businesses to demonstrate how they are addressing this issue.

“ Digital Twin Technologies will be key in helping automakers navigate the current disruptions as well as the disruptions to come ’’

4. A data-driven perspective:

Data, on the other hand, is posing new challenges. It is not only becoming an increasingly important strategic asset, but it is also critical to store and process it securely. FRBs are frequently born in the cloud, and data security and processing are in their blood.

Only 20% of all businesses consider themselves to be industry leaders in data storage and processing security. This figure rises to 39 percent among FRBs. This puts them ahead of competitors and makes it easier for them to make the most of analytics.

5. Talent development:

A company is only as good as its employees, and accommodating the modern workforce has never been more difficult. A new generation of employees wants to work for a company that shares their values while existing employees require more opportunities for retraining.

FRBs see this as a chance. They are utilizing technology to create Future-ready company – Anoma Tech that appeal to younger workers and makes it easier for all types of employees to work more flexibly, with a constant focus on their well-being. There is still much room for improvement in terms of being open to diversity in general, but FRBs are still ahead and will undoubtedly benefit in the long run.

Future-ready company – Anoma Tech

And it is the human element that will determine the success of businesses in the future. Covid-19 has given us the opportunity to reflect and realize that work can be done in a variety of ways and from anywhere. And, in order to do so, businesses must now be digital and responsive, but not at the expense of their humanity.

We believe we are entering a new era in which companies rapidly and purposefully adopt technology to improve people’s personal and professional lives, rather than allowing technology to control us.

“ Technology is best when it brings people together ’’ — Matt Mullenweg

A Future-ready company – Anoma Tech of this is a massive rewrite of the social contracts between employers and employees, as well as between businesses and their customers, and FRBs are already leading the way in this regard.

Click here to visit our website now to learn more about what distinguishes these Future-ready company – Anoma Tech and how you can begin to align your business.