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99 Amazing Facts On The Future Of Business

SAP

The Future of Business is being defined right in front of our eyes. Massive changes brought on by the internet, social media and mobile technologies are transforming business models faster than our ability to keep up. Consider:

  • Over 40% of the companies that were at the top of the Fortune 500 in 2000 were no longer there in 2010. Click to Tweet
  • By the end of 2013, there will be more mobile-connected devices than there are people on earth. Click to Tweet
  • Facebook has more than 1 Billion network users. Click To Tweet
  • By 2030, 5 billion people – nearly two thirds of global population – could be middle class. Click To Tweet
  • The amount of data stored is doubling every 18 months. Click To Tweet

All these forces are leading to an unprecedented amount of change in the way we interact with our customers, our employees, and with the way we manage our resources. This is causing new business models to spring up, taking advantage of the more closely connected business and social networks.

At the individual level, as consumers of information, products and services, we are all empowered to dramatically change the very nature of the way we interact with the brands we support. We are demanding new customer experiences:

  • Millennials are 3 times as likely to follow brands over a family member on social networks. Click To Tweet
  • 73% of people surveyed wouldn’t care if the brands they use disappeared from their life. Click To Tweet
  • The half-life of a piece of content shared on top social networks Twitter and Facebook is 3 hours. Click To Tweet
  • Globally, more people trust regular employees to tell the truth than CEOs (50% vs. 43%).Click To Tweet
  • Newspapers have lost $40 Billion in advertising revenue since 2000. Click To Tweet
  • The average number of sources of content consumed by a shopper in a purchase doubled from 2010 to 2011 going from 5 to 10 pieces of content consumed. Click To Tweet
  • More than 70% of customers surveyed believe small businesses are more concerned about their needs than larger companies. Click To Tweet
  • It is 6 to 7 times more expensive to acquire new customers than it is to keep a current one. Click To Tweet
  • Content on the internet tripled between 2010 and 2013. Click To Tweet

And we’re seeing a re-definition of the relationship between employee and employer. This is forcing businesses to consider the future of work. In the future, businesses will need to move beyond productivity as the sole measure of an employee’s value and put programs in place that make the most of their worker’s human potential:

  • Only 7% of Gen Y works for a Fortune 500 company as startups dominate the workforce for this demographic.  Click To Tweet
  • Worldwide, more than 3 billion people are working, but nearly half work in farming, small household enterprises, or in casual or seasonal day labor. Click To Tweet
  • Gen Y will form 75% of the workforce by 2025 and are actively shaping corporate culture and expectations. Only 11% define having a lot of money as a definition of success.  Click To Tweet
  • More than 620 million young people are neither working nor studying. Click To Tweet
  • India will add a million new workers every month for the next two decades. Equal to the entire population of Sweden joining the labor force every year for 20 years.. Click To Tweet

In the larger context, we’re thinking in new and different ways about how to manage and optimize resources that are feeling the strain such as time, information, and of course, natural resources. Companies that leverage solutions to manage big data are seeing massive increases in operating margins. Consider these facts with regard to resource optimization:

  • Fathers in the US have nearly tripled their time with their children since 1965. Today’s mothers spend more time with their children than mothers did in the 1960s. Click To Tweet
  • 1.2 billion people were still living on less than $1.25 a day in 2010, a decrease of 100 million since 2008. Click To Tweet
  • By 2050 more than 40% of the world’s population will live under severe water stress. Click To Tweet
  • The global rate of extreme poverty fell to 20.6 percent, less than half the 1990 rate of 43.1 percent. Click To Tweet

And we’re taking advantage of new Social and Business Networks to manage the breathtaking amount of data and the real-time connections being made over the social web:

  • Typical mobile users check their phone 150 times per day. Click To Tweet
  • 90% of all internet traffic in 2017 will be video. Click To Tweet
  • 29% of Millennials find love through Facebook while 33% are dumped via wall posts or text messages. Click To Tweet
  • Wearable devices have grown by 2x month over month since October 2012. Click To Tweet

In support of all these amazing and transformational changes driving the Future of Business, we've gathered 99 Facts on The Future of Business. We've created this resource to help you – whether you are a business leader, a social consumer, a millennial employee - to help drive transformational change within your corner of the world. Because no matter what you do, where you do it, how much experience you have or whatever industry you serve, the future of business will be created by you.

Click here to view all 99 Facts on The Future of Business.