October 2022 Trend Report

As the temperature starts to get colder and the leaves begin to change color, it is a great time to review some of the exciting innovations emerging.

Here at Prepr, we continue to look forward to new tech trends in some of the most critical sectors: manufacturing, healthcare, retail, education and mobility.

Healthcare: AI and ML

Photo: artificial intelligence.

Artificial Intelligence and Machine Learning have become popular topics within the healthcare system.

Since implementation is still in the early stages, many providers are split on the value provided by AI and ML.

To learn more about AI and ML and how it is impacting the healthcare industry, read this blog post.

Manufacturing: Rising Threats in Cybersecurity

Photo: factory floor.

Cybersecurity has been a growing concern within the manufacturing industry as cyber attacks have become prominent across all industries. According to Deloitte’s Manufacturing Report, “Eighty-five percent of executives in our survey expect their organizations will invest more in prevention in 2022.”

Mobility: The Benefits of Electrification

Photo: filling gas.

It is estimated that as we approach 2030, the worldwide demand for electric cars will grow from 6.5 million to about 40 million.

Just recently, the state of California and New York have announced bans on purchasing petroleum cars by 2035.

While there are still many hurdles to overcome before electric cars become more common, mainly with pricing and cost of materials, these new developments have shown that electric cars are on the path to becoming the next big thing.

Retail: From Omnichannels to VR to Automated Experiences

Photo: e-commerce.

Selling has never been so complicated. In an age where people want to shop in person, online through social media platforms as well as through live streaming VR services, businesses are struggling to keep up and equalize the experience through all of these avenues.

Though it is a challenge, many see them as a promising future to invest in. Find more about the biggest trends in the Retail Industry.

Education: Renewed Emphasis on Soft Skills

Photo: e-learning.

According to the Future of Work Global Report by Monster, the skills gap continues to widen and so too does the struggle for employers to fill those positions.

The positive news for employees is that employers are willing to hire someone with transferable skills and train them. Employers have noted that employees have to do a better job at articulating their transferable skills.

Soft skills such as communication, teamwork and problem-solving are on the top of recruiters list. To read more about future trends go to Future of Work Global Report.

Food: Flexitarian

Photo: basket of vegetables.

Plant-based food has continued to grow in popularity, and it isn’t due to more people becoming vegan or vegetarian per-se.

It’s due to people who are open and willing to try these new foods that will not only help the environment but also its animals. Read more about it here.

Hospitality & Tourism: Remote Work Trends Hotel Hospitality

Photo: collaboration

Working remotely is no longer a perk for digital nomads and entrepreneurs, now more than ever, employees are demanding remote work and employers are providing that option. With that in mind, coworking and flexible workspaces have gained popularity. Hotels have jumped on the bandwagon and are providing a hybrid hospitality model-where they provide workspaces by day and hotel rooms by night. To read more about it click here.

Finance: Investment in AI

Photo: cityscape.

AI and Robotic Process Automation is expected to transform industries utilizing inventory and distribution, HR and payroll, supply chain management, as well as secretarial work. By putting these repetitive processes into the hands of AI, progress and efficiency is expected to increase allowing more time and effort for other important tasks. Visit Investment in Accounting AI.

Energy: Growing Interest In Bioenergy

Photo: cornfield

By 2050, power consumption is expected to triple. Transportation is expected to have the fastest transition with prices of electric vehicles being more accessible. In buildings, electrification is projected to double by 2050 with increased living standards. Read more about it at McKinsey’s Global Energy Perspective.

Looking to drive the future of industry?

Apply your ideas to real-world problems with hands-on, collaborative learning. Learn more about the Future Labs.

Banner: Future Labs.
Romina Diaz-Matus