A new generation of talent, hand in hand with a wide array of advanced new technologies, is accelerating the already rapid pace of change for businesses right across the board. In the 20th century, most business change and innovation happened slowly and incrementally – however today, this happens swiftly and unforgivingly. We can see just how far technology and the way we work have both evolved in recent years, identifying a huge shortfall in how prepared businesses are to meet the challenges of this new landscape.
Samsung’s research shows that for businesses and governments to thrive in this new world, they will need to completely rethink the meaning of work in the 21st century; who does it, where they do it and how they share information openly but safely. Previously, concerns over security have made companies reluctant to open up their boarders to their stakeholders, effectively closing their doors to new prospects and thus limiting opportunities to exploit collaborative power.
The open economy is a term we have coined at Samsung to describe the profound revolution in society and the workplace as we embrace the more open and collaborative business culture that technology is making possible. Many new ideas must also be absorbed, and many new business processes put into place. The organisations that start to think about these ideas today will be the ones that prosper tomorrow.