The fastest growing businesses in 2016

By: IS
Date posted: 08.12.2016 (1:37 pm) | Write a Comment  (0 Comments)

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Despite the perils of Brexit, the fragility of the British pound and continued financial uncertainty in many markets, companies continue to drive forward with their business plans. Many success stories are making the headlines this year, as businesses innovate and diversify to uncover new products or business synergies to explore.

Leading the way, as is common, are the IT and technology-focused companies. A new trend for the year are smart artificial intelligence bots, improving customer interaction and automation. Led by the likes of Facebook, Cisco, Microsoft and many startup companies, they are helping bots take over on customer service phone lines, websites, in-store kiosks, reception areas and other locations to help people find the information, advice or products they need faster. Bots in the office can help staff find business documents, plan travel and find the lowest cost products or those that can be delivered fastest, all in a matter of seconds.

Another area of growth is communication services, with unified communications allowing workers to make themselves available by the most appropriate means, be it a traditional phone, voice over IP calls, mobile, chat or video message. A unified communications service can save a company on capital expenditure and expenses on its phone bills, line rentals, communications equipment and so on.

The final fast mover from the technology world this year is personal health, with a wide range of smart weighing scales, health and heart rate monitors, and smartphone apps all encouraging consumers to be healthier and stay fitter. Fitness brands are leading with the likes of British firm Under Armour and its new Healthbox, but smaller companies can find niches and appeal to specific demographics.

Perhaps in relation to that, many traditional businesses are also thriving in 2016. Health clubs and gym memberships are on the rise again, while many small businesses are starting up their own niche healthy living ranges like office-based exercise products . Finding a new type of exercise or one specifically for a particular age group or the time poor is one of this year’s major opportunities, encouraged by health insurance benefits and rewards. ‘Corporate wellness’, as the sector is known, benefits from many of these initiatives, as businesses try to encourage their staff to be healthy for a better working environment, less time off sick and improved morale. Any company investing or innovating in these areas will find plenty of opportunities in this and coming years.

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