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If business leaders took action following the advice set out in that previous article, their organizations would be well placed today. However, in a world where change is the only constant, they cannot afford to be complacent. Hence, here is a piece on new tech trends for the start of the next decade.
Now, setting the sights on 2030, the pace of change has only accelerated, presenting unprecedented challenges and extraordinary opportunities for global business leaders. This updated analysis delves into the critical technological forces shaping the business world in the coming decade, offering insights and strategies to help leaders navigate this complex terrain.
As AI and automation reshape job roles, organizations face a growing talent shortage in emerging tech fields. This shift is not just about replacing human workers with machines but fundamentally changing the nature of work and the skills required to thrive in an AI-augmented workplace.
"The immediate impact of AI will be the automation of administrative tasks, reducing entry-level roles," according to Lisbon-based Hugo Farinha, Co-Founder of Virtuoso QA, an automation testing tool. "By 2030, this will shift the focus towards more strategic, analytical, and customer-facing positions as AI takes over routine tasks. The job market will continuously evolve alongside AI advancements, requiring ongoing adaptation and learning to stay relevant. AI could lead to leaner operations, with fewer employees needed for routine tasks, resulting in increased profitability due to reduced labor costs and improved efficiency."
This trend might not be universal, suggests Farinha. "Some companies might choose to reinvest their savings into new growth areas that require human talent. Skills such as empathy, communication, and negotiation will remain vital, as these are differentiators and are difficult for AI to replicate."
Nonetheless, AI-savvy leaders are paramount, he argues. "Understanding AI tools and data analysis will be increasingly important, even for non-technical roles. Adapting to new technologies and continuously learning will be essential for staying relevant. As AI becomes more integrated, the need for professionals who understand the ethical implications and regulatory requirements will grow."
The impact of AI on the workforce will be multifaceted:
By 2030, blockchain and other decentralized technologies will move beyond cryptocurrencies to revolutionize supply chains, identity verification, corporate governance, and even the fundamental structure of organizations. As consumers increasingly demand proof of sustainability and ethical practices, businesses must embrace transparent, decentralized systems to maintain trust and competitiveness.
This shift towards decentralized systems will have far-reaching implications across various industries:
As we navigate this rapidly evolving landscape, business leaders must: