Data exchange
JK Sparks
Published 1/14/2021
It can be difficult to predict how the business world will change in a year.
I mean, look at 2020.
No one could have guessed that nearly all businesses would be forced to work fully remote, at a moment's notice, with little to no infrastructure. And there’s no real timetable on when (or if) the workforce will ever go back to “normal”.
For technology companies, the way we do business is changing by the minute. So if we want to keep up in 2021 (or for some of us, recover!), we have to recognize last year’s trends, then look to the future.
I sat down with Flatfile founders David Boskovic and Eric Crane to talk about what we learned from 2020, what to expect in 2021 as it relates to technology and data management, and what it means for you and your customers.
Here are the 5 predictions for 2021 for data management and data onboarding (with a bonus prediction at the end you should watch out for).
Today, individuals and companies are able to create some of the most innovative technologies at a pace we’ve never seen before. Successful startups can be built in no time, with tools and resources readily available to help bring ideas to life fast...and there’s no sign of slowing down.
But the challenge remains, how quickly are companies actually able to implement and use those innovations?
“Every year we see new products coming in and disrupting spaces that are solving real problems really well,” says Boskovic. “The problem is that that innovation is way ahead of our ability to adopt it. So if it takes you two years to adopt any of that technology, you're two years behind at any given time.”
David predicts a surge in solutions and platforms like Flatfile that can close that adoption gap by helping companies ramp up to new software solutions more quickly and seamlessly.
“Flatfile gets to play a part in this trend by actually decreasing the economic load of adopting new software.”
This trend also comes with a downstream effect on software innovation. As software adoption continues to increase exponentially, so will innovation. And as tools become easier to adopt, the more verticalized software we’ll see popping up.