CFO Insights

10 Megatrends likely to influence the future

Today’s rapidly changing and unpredictable world in comparison to the more clear-cut and binary world of the past has made it more difficult to make sense of the future. We live in a world of ever-faster technology cycles, hyper-connected individuals, nervously flickering financial markets, and post-factual politics. It is no wonder that the gentle art of perceiving the future has become an increasingly complex yet critical skill when far-ranging decisions need to be taken.

Research has shown that business productivity has not kept pace with technological progress, and at the same time, companies are being disrupted more quickly. Deloitte research shows that only 12% of the Fortune 500 companies from 1955 are still in business, and last year alone, 26% fell off the list. What could these companies have done to prevent being disrupted, and rather become the disruptors themselves?

In our Think like a Futurist report, we explore the fact that in order for organisations to not only survive in the increasingly competitive business environment, but to thrive, there is an intensifying need for them to be able to imagine the future through divergent scenarios.

To know more on how CFOs can ensure organisational success in times of uncertainty by thinking like a futurist, download or sign-in to the CFO Lens app by clicking on one of the below links.

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About the author

Deloitte South Africa

Deloitte is one of the country's leading professional services firms in Southern Africa, and is dedicated to assisting companies succeed in the business environment- whether it be through our tax, audit, consulting or financial advisory services.

At Deloitte, we understand that solutions are not just a static one dimensional report, but rather, an integrated and innovative answer that helps our clients to better understand key complex industry issues. Not only do our solutions assist our clients in making strategic business decisions, but our unique approach also allows companies to succeed in a competitive business environment by staying ahead of industry trends. Through the collective expertise of nearly 3600 people in 8 cities in South Africa and in 16 cities in Southern Africa, and as a member firm of the global organisation Deloitte Touche Tohmats, we have access to deep insightful and intellectual capital of more than 150 000 people worldwide.

Deloitte- A Culture of Excellence
A key contributor to Deloitte and our culture is the development of human capital. At Deloitte we believe in investing in our culture, in our clients and in our people. The very essence of Deloitte is to offer services of excellence, to both clients and staff, and we believe that it is this culture of excellence that will help us succeed.

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