Technology, Media, and Telecommunications recruiting needs can be a challenge. The speed at which the industries evolve and change is faster than any other. Understanding the landscape and keeping up with trends is just part of how Sheer Velocity can help you identify, hire, and onboard executive candidates that meet your needs.
To that end, Deloitte’s recent Technology, Media & Telecommunications (TMT) Predictions 2018 identifies, “critical inflection points that we believe can inform strategic thinking in the industry, and to explain the impact these points can have over the next 5 years for companies in Technology, Media, Telecommunications (TMT), and other industries.” Some of the trends noted in the study include:
- Augmented reality is nearing reality – Over a billion smartphone users will create augmented reality (AR) content at least once in 2018, with three hundred million being monthly creators and tens of millions making and sharing content weekly.
- Live thrives online – Live broadcast and events will generate $545 billion in direct revenue in 2018. The vast majority ($537 billion, or 98.5 percent) of live revenues are forecast to come from traditional sectors, with the remainder from live streaming and eSports.
- Artificial Intelligence is evolving again – Artificial intelligence is going through the 3rd wave of rapid development, leveraging the technologies of deep learning, image recognition and speech recognition to transform the industries with the ever unprecedented “destructive force”.
- Machine learning is heating up – In 2018, large and medium-sized enterprises will intensify their use of machine learning. The number of implementations and pilot projects using the technology will double compared with 2017.
- Digital media subscriptions are growing – By the end of 2018, 50 percent of adults in developed countries will have at least two online-only media subscriptions, and by the end of 2020, that average will have doubled to four.
- The future of the smartphone is invisible – Over the next five years, the smartphone market should continue to grow in penetration, usage, unit shipments, total value and ASP…the smartphone’s success in the future is likely to be the introduction of an array of innovations that are largely invisible. Thanks to enhanced connectivity, processors, sensors, software, artificial intelligence and memory.
Are you prepared to address these changes, as well as others? We can assist you with leadership training, assessments, and if you have an opening on your executive team and need help to find the exact right person, we can help. Just send us a note and we’ll work with you to find the exact skill sets you need, make sure the culture fit is a match, and identify leadership characteristics required to thrive in the industry.