New trends report puts trust in the spotlight for 2024
Prioritizing trust will be crucial for organizational success in 2024, according to a new report from Ideagen, a leading global regulatory compliance company.
2024 Trends: The year to invest in trust delves into emerging trends predicted to impact business operations and partnerships in the year ahead. Packed with valuable insights, the resource aims to help organizations successfully navigate the ever-evolving commercial landscape.
Ideagen CEO, Ben Dorks, said: “This time last year, we spoke about 2023 being the year to invest in human capital and that businesses would need to look inwardly in order to flourish externally.
“This year, much of that still rings true, but 2024 will be a year where there’s an increased focus on trust.
“In an era of heightened scrutiny, trust has become an invaluable asset for any business, and even more so for those operating in regulated or high-compliance industries. It’s the cornerstone for strong customer, partner and employee relationships, continued innovation and long-term success. It’s also dynamic, multifaceted and easily lost.
“Our aim in putting this analysis together is to give regulated industries the clarity and confidence they need to successfully navigate the year ahead. ”
The 2024 Trends report underscores the importance of investing in trust-building as businesses prepare for the upcoming year amidst a backdrop of challenges and opportunities.
With data-driven analysis and expert commentary, the report identifies four key areas where trust will play a crucial role in 2024. Furthermore, it explores the potential implications of these trends on global regulations and legislation, providing organizations with a roadmap to tackle challenges and embrace new opportunities.
The Trends 2024 report discusses crucial factors including:
- Focus on margins
Balancing act: Maximizing operational efficiency amidst economic shifts.
- Focus on customers
Strong bonds: Embracing AI, autonomy and authenticity to forge personalized customer journeys.
- Focus on cyber risk
Tightening chains: Cyber resilience as the bedrock of trust in digital landscapes.
- Focus on ESG
Stable environment: Transparent ESG practices as a hallmark of corporate integrity.
For more information download the full 2024 Trends report here.