Six Major Trends and the Challenges Facing Businesses in 2021

Publication date:

14.12.2020

Publication from:

EPAM

EPAM Continuum, the integrated business, experience, technology and data consulting practice of EPAM Systems, Inc. (NYSE: EPAM), today announced the release of the 2021 NXT Trends report. Compiled by EPAM Continuum’s trends research group NXT, this year’s report identifies six big global currents of change and connects them to the on-the-ground choices facing businesses in the coming year—a powerful tool for strategic leadership and long-term thinking.

One of the defining themes of the current era is the way its major forces—like mobile technology, globalization, or secularization—connect people more widely than ever before but at the same time drive them apart. With that said, the six major trends and 13 strategic viewpoints presented in the 2021 NXT Trends report are all about connection in its many forms—through community, between technologies, to home—and also about the impacts of loneliness, migration, and inequity.

Digital Communities and the Future of the Internet – The changing dynamics of digital communities reminds us the internet is still young.
Interoperability and the Future of Disruption – Technology can’t solve the world’s problems by going around them.
Work and the Future of Life, Business, and Everything – The pandemic added fuel to a growing labor movement, with no easy answers for businesses.
Loneliness and the Future of Public Health – Psychologists say we’ll forget the pandemic when it’s over, but in the meantime, everyone is stressed.
Localization and the Future of the Global Economy – Globalization is looking less and less like a free and open market.
Migration and the Future of Cities – The pandemic and climate change are shifting demographics and forcing cities to choose between rebuilding and evolving.

About EPAM Systems

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes. EPAM’s global teams serve customers in more than 35 countries across North America, Europe, Asia and Australia. As a recognized market leader in multiple categories among top global independent research agencies, EPAM was one of only four technology companies to appear on Forbes 25 Fastest Growing Public Tech Companies list every year of publication since 2013 and ranked as the top IT services company on Fortune’s 100 Fastest-Growing Companies list in 2019 and 2020. Learn more at www.epam.com and follow us on Twitter @EPAMSYSTEMS and LinkedIn.