This list of 99 Facts pulled together by SAP continues to build the case for inevitable change. The title of this SAP presentation is “The Future of Business”. Here are some of the key facts from various sources. There are embedded links in the content that take you to the source documents. Enjoy.
- Over 40% of the companies that were at the top of the Fortune 500 in 2000 were no longer there in 2010
- By the end of 2013, there will be more mobile-connected devices than there are people on earth
- By 2030, 5 billion people – nearly two thirds of global population – could be middle class
- Only 7% of Gen Y works for a Fortune 500 company as start ups dominate the workforce for this demographic
- 90% of all internet traffic in 2017 will be video
- The amount of data stored is doubling every 18 months
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
- The percentage of companies new to the Fortune 1000 has grown from 35% (1973- 1983) to 45% (1984-1993) to 60% (1994-2003) to over 70% (2004-2013) in each of the last 4 decades
Mobile traffic as a percent of internet traffic is growing 1.5 times per year (now still only 15%)
- There are 1.5 Billion smartphone users vs. 5 Billion mobile users worldwide
he projected share of world population with smartphones in 2014 is 24%
- Smartphone adoption worldwide is creating more and more demand for mobile bandwidth, but it won’t be a mobile broadband-majority world until 2016
- The connected home segment will grow at a compound annual growth rate (CAGR) of 50 percent between 2012 and 2017 to reach 10.7-million shipments in five years
- In the next 5 years, revenues from the sales of connected home systems will increase from $1.9 billion to $3.8 billion.
- By 2017, there will be close to $11 Billion in revenue from 35-million homes using home automation platforms across the globe
- Today, most goods and a growing share of services are “made in the world”, not just produced in just one country
- 80% of big companies described themselves as delivering “superior” service, but only 8% of customers say they have experienced “superior” service from these companies
- Peer recommendations drive sales. 70% of consumer said they were influenced by a friend or family member’s online
recommendation, beating out in-person recommendation (61%), online articles (59%), ads (49%), or someone they
follow online but don’t know (32%).
- Netflix and YouTube are responsible for 45% of all internet traffic in the US.
As innovation cycles continue to shrink – and the pace of change accelerates – a next generation enterprise is likely to emerge. In the meantime, these lists will continue to fascinate us – the future of business indeed.