- July 9, 2021
- By Joshua Reid
- Advice , Company Structure , COVID-19
- big business , business , government , tech , tech trends , trend , trends
How are government and big tech business trends shifting in 2021?
Prior to the coronavirus pandemic, government and big tech business trends were constantly shifting every year or two. For big business, this means shifting in order to accommodate new clients or changing demographics. Within government, however, those trends are unpredictable, flowing back and forth with changing administrations and leadership.
“Often, the most interesting opportunities happen at the places where they [trends] intersect,” Scott Buchholz and Bill Briggs argue in a Deloitte Insights article titled “Introduction: Tech Trends 2020.”
Whenever trends intersect, you can find a unique synergy. Additionally, when it comes to business trends, it wouldn’t be surprising if many of the trends we see today are just repackaged updated versions of ones that were commonplace decades ago.
Buchholz and Briggs note that the mainframe systems still in use today were developed in 1980. If 1980s mainframe systems still work to generate business today, despite the fact the trends at the time were different from ours in the 21st century, what does that say for future generations?
How will the trends and innovations within big tech businesses and government today shape the future of government and business in the future?
Thus, when 2020 came, and COVID-19 ravaged the world, many of the businesses that saw the world shifting in 2020 couldn’t properly implement the needed changes. They were forced to work online and find new ways to reach their clients while maintaining a positive work environment. How were they to keep up with the trends in the midst of all of the chaos?
An article by CompTIA titled “IT Industry Outlook 2021” notes that when the U.S. headed into 2021, no one had any idea what the future would entail and how the economy would come back together. There was no precedent for something like this. How long would it last? Would we be quarantined again like 2020? These are questions that employees and CEOs of these big tech companies were asking themselves.
2020 was a wake-up call, not just for the citizens, but also for governments and businesses around the world. We can’t go back to the way things were prior to COVID. It’s not possible. In order to fix the global economy and big tech businesses, we have to begin looking at trends in a different light. The trends that worked prior to COVID could work now, but they need to be modified in order to fit the new cultural and economic climate.
“As the industry emerges from a chaotic year, it will begin a rebuilding phase, but this rebuilding goes beyond restoration. There is little opportunity to return to the old way of doing things… This isn’t rebuilding to reclaim the past; this is rebuilding for the future” (“IT Industry Outlook 2021).
Government and big tech business trends shifted long before COVID, but the pandemic only heightened the process. When specifically talking about big tech trends, CompTIA notes how (thanks to the International Data Corporation, or IDC research consultancy) the technological industry is expected to keep pace to reach $5 trillion in 2021 and could grow 4.2% if it holds. If the industry does keep pace, how will this affect supply and demand, and the construction and transportation of the product?
Sources
“IT Industry Outlook 2021.” CompTIA, https://www.comptia.org/content/research/it-industry-trends-analysis. Accessed 7 April 2021.
Briggs, Bill and Scott Buchholz. “Introduction: Tech Trends 2020.” Deloitte Insights, https://www2.deloitte.com/us/en/insights/focus/tech-trends/2020/tech-trends-introduction.html. Accessed 7 April 2021.
