Following several years of constant global instability, people are gaining greater access to emerging technologies \u2014 including AI, web3, and tokenization \u2014 which is advancing the next generation of creativity, community and data privacy.<\/p>\n\n\n\n
In turn, businesses and leaders should prepare for shifts in business models due to changing customer behaviors as they find increasing value in new, emerging technologies, forecasts the Accenture Life Trends 2023 report from Accenture (NYSE: ACN).<\/p>\n\n\n\n
Building on the 15-year legacy of Fjord Trends, this report \u2014 now titled Accenture Life Trends 2023 \u2014 identifies five global macro movements across human behavior that will shape business, culture, and society in the coming year.<\/p>\n\n\n\n
From learning to live in permacrisis to increasingly seeking to belong in online communities to missing work\u2019s intangible benefits and using emerging technology such as AI to accelerate creativity, the landscape of day-to-day life has been greatly altered. This shift will push businesses and leaders to operate in radically new landscapes, further cites the report.<\/p>\n\n\n\n
\u201cDisruptive moments have people questioning what sense of control they have over their own lives. As they inevitably adapt and get a handle on things, the decisions made to exercise more control will affect the brands and organizations they interact with,\u201d said Mark Curtis, global lead, thought leadership, metaverse and sustainability, Accenture Song. \u201cThese new power dynamics will create opportunities for businesses to develop fresh and modern ways to engage and build relationships with customers.\u201d<\/p>\n\n\n\n
Crowdsourced insight and intelligence from Accenture Song\u2019s global network of designers, creatives, technologists, sociologists, and anthropologists, the annual bellwether forecast \u2014 which leveraged AI for the report\u2019s imagery \u2014 includes the following trends and actions for businesses to heed in 2023.<\/p>\n\n\n\n
We are in a permacrisis but will adapt \u2013 The world is moving from one global catastrophe to the next. But, as humanity has for millennia, people are adapting to instability by switching between four responses: fight, flight, focus, and freeze, which will affect what they buy, and how they view brands and their employers \u2014 and companies need to be ready.<\/p>\n\n\n\n
What\u2019s next for loyalty \u2013 In an unstable world, people seek out places where they feel they belong. As a result, modern brands will be built as communities first, reshaping loyalty and brand participation. For example, the majority of Accenture\u2019s research focus group participants have tried new hobbies or joined new communities in the past six to nine months. Emerging technology is largely driving the three threads to enable this model.<\/p>\n\n\n\n
Communities of belonging: on platforms like Reddit, Discord, and Twitch. <\/p>\n\n\n\n
Token-gating: exclusive access reserved for \u201ctoken holders only.\u201d<\/p>\n\n\n\n
Collectibles: digital arts, autographs, trading cards, and more. <\/p>\n\n\n\n
The importance of work intangibles \u2013 As the debate continues around the return to the office, one thing is clear: it\u2019s not yet a success for many people. Everyone has felt the loss of intangible office benefits, like chance encounters and consistent, close guidance of junior talent. Now the consequences of the loss are becoming clear. Without in-person engagement, companies can stand to lose mentorship, innovation, culture and inclusion. It\u2019s time leaders went back to the drawing board to make a logical, mutually beneficial plan.<\/p>\n\n\n\n
AI is becoming people\u2019s co-pilot for creativity \u2013 Artificial Intelligence is now in the hands of the everyday user and is a new tool for the creative process. Suddenly, neural networks have been made widely available to create language, images and music with very little effort or skill. Developments within AI are also hitting the market at an astonishing speed. At scale, this is an incredible breakthrough for creativity. Companies need to consider how they will stand out in the sea of AI-generated content and how they use AI to enhance the speed and originality of innovation.<\/p>\n\n\n\n
Digital wallets could end the digital identity crisis \u2013 The use, and misuse, of personal data is long overdue for a transformation. Transparency and trust in online brand experiences are quickly diminishing in tandem. But control of their data could soon swing back to the user. Digital wallets containing tokens (representing payment methods, ID, loyalty cards and more) will allow people to decide how much data they share with \u2014 and even sell to \u2014 organizations. That\u2019s great news for brands: the data that people do hand over will be even more valuable than the third-party information that is no longer collected in a cookieless world. <\/p>\n\n\n\n
\u201cShifts in control ultimately lead to shifts in power, and these seemingly small \u2014 yet profound changes \u2014in human behavior will alter the power dynamics between people and organizations,\u201d said David Droga, CEO and Creative Chairman, Accenture Song. \u201cIn roles as leaders, workers, customers, consumers and creators, people seek ways to regain control. The outcomes will look different \u2014 a new picture of progress \u2014 from what we\u2019ve seen before thanks to changes in attitudes and maturing technology.\u201d<\/p>\n\n\n\n
To read this year\u2019s full Life Trends 2023 report, which includes guidance for businesses and leaders, visit the link here.<\/p>\n\n\n\n
The Accenture Life Trends 2023 report can also be explored in Accenture Foresight, Accenture\u2019s new thought leadership app, which provides a personalized feed of the latest reports, case studies, blogs, interactive data charts, podcasts, and more. Visit http:\/\/www.accenture.com\/foresight.<\/p>\n","protected":false},"excerpt":{"rendered":"
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