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Trends for the Year 1998 |
"The U.S. economy will stay robust, continuing to
enjoy low unemployment and low inflation; mega mergers and
banking consolidations will continue; the shrinking labor
supply will continue; high technology companies and plastics
factories will be the hardest hit; shortages of skilled
workers remains the most acute. There will be huge numbers of job gains along with
huge numbers of layoff's as companies continue to
restructure; consolidation in the U.S. telecommunications
industry will continue to intensify; after three consecutive
years of robust earnings, airlines profits could slide due
to competition from smaller rivals. The Disney Company will continue to see double-digit
growth; a complete re-engineering of the supply chain will
occur, taking advantage of the Web; much faster PC systems
will be introduced and accepted as Intel rolls out Pentium
II processors and chips; small businesses will continue to
rapidly go online. The debate over Java will center around its benefits
as a development language; services on the Internet will
continue to explode. 1998 will be the year of E-commerce on
the Web; corporate IS and IT departments will use the Web to
empower customers and create new markets; browsers will
become more compatible and will include more features, such
as DHTML and XML. Companies will use push technology to keep employees
informed; bandwidth will increase, due to cable modems, 56k
modems, ADSL Lite, and faster corporate connections;
Netscape will build a better browser and stop charging for
it, in order to survive the IE onslaught; healthy eating
will become more important than ever, with growing
consumption of organic and natural foods. Growth in the U.S. electronics industry will outpace
that of the economy; prices of PCs will hit close to the
$500 mark. World trade will continue to expand; more
environmental issues will emerge and be acted upon; Western
medicine will be integrated with complementary Eastern
approaches, such as acupuncture and naturopathy. Las Vegas will continue as the fastest growing
metropolitan area in the country; businesses will move
beyond the service economy into the experience economy; big
companies will continue to be vulnerable to smaller
companies who meet needs faster; smart cards will be used by
more and more companies and people; hotels and resorts will
find new ways to improve our office home away from office
home. Personal information will continue to be a hot
commodity; cars and kitchens will keep getting smarter; jobs
will become increasingly gender-neutral; pets will become
more valued; the fastest growing occupations will be in the
health care and computer-related fields."
I made several predictions for 1998, as follows:
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Happy holidays! |
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