With
the advancement of the tech world, the ideas and trends of startups are also
evolving rapidly. If it is to be believed, according to many startup giants
like Ashish Aggarwal, the future of the startup world holds exciting
possibilities.
Ashish Aggarwal rightly points out, and we quote, “Thanks
to tech-based innovations, startups continue to employ the latest innovations
like artificial intelligence (AI), machine learning (ML), blockchain, and the
Internet of Things (IoT) to create ground-breaking goods and services. And
eventually, startups will upend established markets and sectors.”
In this blog, we attempt to shed light on the latest
trends in the startup world and their impact on the global economy. So, let’s
begin:
The Contemporary Trends in the Startup World
- Sustainable
finance goes mainstream!
With growing concerns about climate change and
sustainability, startups are meant to play a crucial role in developing
environmentally friendly and socially responsible solutions.
According to Ashish Aggarwal, founder, and CEO
of SapceMantra, “If trends are anything to go by, sustainable startups are
projected to get more attention and support from investors, consumers, and
governments.”
Startups like Mattrvest and Evo Dot are great examples of
startups focusing on sustainable goals.
- Remote Work
And Distributed Teams Model
The positive aftermath of COVID came in the form of the
popularization of remote work and distributed teams, especially in startup
domains. Globally, the growth and acceptance of remote work are likely to
continue and flourish in the coming quarters of 2023.
Startups are embracing remote work arrangements, allowing
them to tap into global talent pools and operate without geographical
limitations. Ashish Aggarwal believes “distributed teams will become the norm,
enabling startups to access diverse skill sets and reduce operational costs.”
He further adds that he has incorporated the hybrid
working style into his business to harness more output.
- The
Inclination Towards Venture Capital and Funding Are Growing Compared To
The Bootstrap Startup Model!
It is not an overstatement to say that as long as
investors see the possibility of significant returns in the startup sector,
venture capital investment will remain widely popular among startup owners.
According to Mr. Ashish Aggarwal,
thoughtful and selective investing is the key to upcoming startups. He believes
sustainable business ideas and substantial market potential will be on the rise
in the days to come.
- AI and
automation are no longer concepts of the future. They are happening now!
The most significant disruption facing the startup world
is the full-swing arrival of artificial intelligence and automation.
Various parts of startups, from customer service and data
analysis to manufacturing and shipping, are changing due to the emergence of AI
and automation. Startups are rubbing off unnecessary human resources with the
incorporation of automation technologies, predictive analytics, and AI-driven
chatbots to optimize processes, increase productivity, and improve customer
experiences.
Now, with the help of AI, one doesn’t need to be an
expert coder to build webpages or websites in general.
- Cloud
computing is a worthy post-Covid byproduct!
The COVID-19 pandemic sparked a global trend toward
remote work. As a result, for improved efficiency, the next decade ought to see
an increase in the number of enterprises that start moving their operations to
the cloud.
That gives birth to an uproar in demand for cloud
computing services in the startup world. Ashish
Aggarwal of SpaceMantra quotes a Gartner report that says, “By 2025,
85% of companies will adopt a cloud-first mentality.
Thus, benefits like lower IT costs, easy maintenance, and
the ability to scale up or down will help cloud computing and
infrastructure-based startups see a spike in number.
Ashish Aggarwal's Concerns About Growing Trends in the Startup
World
Mr. Ashish Aggarwal has his share of concerns with
advancements in technology and growing trends in the startup world. He points
out that the possibility of data and privacy breaches is likely to be common in
the days to come.
Ashish Aggarwal puts a lot of emphasis on regulation and
the handling of sensitive data in the Web 3.0 revolution in the startup world.
He advises businesses to make sure the data they acquire complies with the law.
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