What does the Open Economy mean for your business?A summary of The Open Economy report

What does the Open Economy mean for your business?

We’re on the brink of a profound revolution in our working lives. The smartphone has changed business beyond all recognition, promising a more open and collaborative future.

This SlideShare summarises the key trends on the horizon and explains how you can turn them to your organisation’s advantage.

Download the full report

What will the Open Economy bring us?

More flexible working Fewer permanent staff Bigger security challenges

Better collaboration More automation Predictive intelligence

1. Unlocking the Open Economy

The Open Economy will change the way we live and work forever, and the workplacemust evolve to survive. Organisations must reconsider the way they’re structured and the way they manage their people to ensure they thrive.

810

1. Unlocking the Open Economy

of the world’s most innovative countries are based in EuropeSource: WIPO Global Innovation Index 2016

1. Unlocking the Open Economy

Relying on past certainties will not foster the creativity needed to compete in tomorrow’s global marketplace. Companies need to adopt technologies that allow them to be flexible enough to spot and understand their next competitive advantage, and recognise when it’s time to disengage from the previous one.

Marcos EguillorFounder & Managing Partner,BinaryKnowledge

1. Unlocking the Open Economy

£335 billion

The cost of cyber-crime to the global economyin 2016Source: World Economic Forum, Global Risks Report 2016

1. Unlocking the Open Economy

Stopping breaches of online security will become crucial as companies in the future face a shifting workforce, with many people wanting to work in different ways. They’ll want to use their own mobile technology to interact with your business data, and engaging with them safely and seamlessly will be vital.

Dave PalmerHead of Technology, Darktrace

Knox secures employee devices in and out of the workplace, by offering a range of powerful solutions to help people work more flexibly and securely.

Create a more open office with Samsung Knox

1. Unlocking the Open Economy

2. The age of predictive business

Machine intelligence is already inspiring change in business, and its impact will only grow. While machine learning and AI will present both opportunities and challenges, companies need to be prepared to adjust to a new set of rules.

of all business processes will incorporate data from IoT-enabled devices by 2020

2. The age of predictive business

Source: Gartner, Predicts 2016: Algorithms Take Digital Business to the Next Level

50%Over

2. The age of predictive business

Brian SolisPrincipal Analyst, The Altimeter Group

We’re looking at a future in which companies will indulge in digital Darwinism, using IoT, AI and machine learning to rapidly evolve in a way we’ve never seen before.

3. The rise of the digital workforce

Ultra-flexible freelancers will prosper, bringing with them the promise of cost-savings and expertise on-demand. But they’ll require better security and more robust BYOD policies. Advanced AI will automate some processes, radically changing human resourcing needs.

40%of workers will be self-employed by 2020, bringing the value of the HR freelance market to $10 billion

3. The rise of the digital workforce

Source: Intuit 2020 Report: Twenty trends that will shape the next decade

3. The rise of the digital workforce

In the future, companies will shrink their numbers of salaried staff in a major way, becoming a core executive team who design high level strategy and integrate different elements of that strategy on a day-to-day basis.

Marcos EguillorFounder & Managing Partner,BinaryKnowledge

3. The rise of the digital workforce

Most workers spend far too much time mindlessly processing data or drowning in paperwork. Businesses need to find a way to automate a lot of this work and free up their real talent.

Roger EnrightDirector of Mobile B2B, Samsung Electronics Europe

Knox comes pre-installed on all employee devices from Samsung. Staff can toggle between secure work services and their consumer apps with a tap, ensuring personallives remain private while corporate  data is secured.

Secure data remotely with Knox Workspace

3. The rise of the digital workforce

4. The new HR powerhouse

New tech and automation will transform careers entirely, creating plenty of new jobs in the process. The HR function will face huge challenges as they seek ways to integrate a new kind of workforce and evaluate totally different styles of working.

employees feel having the right mobile tech is good for business performance

910

4. The new HR powerhouse

Source: CCS Insight, Predictions for 2017 and Beyond

4. The new HR powerhouse

Patty McCordHR Consultant and former People Manager at Netflix

Instead of questioning why you left your last job after six months, a business will note that over the past five years you’ve had five different, interesting experiences and environments, and so bring a multitude of problem-solving skills to the workplace.

Manage a whole fleet of mobiles with Knox Mobile Enrolment

Knox Mobile Enrolment makes enrolling large numbers of devices into a mobile device management solution quick and efficient, and supporting a wide variety of vendors.

4. The new HR powerhouse

5. The rebirth of the office

The entire concept of the office is changing. Business owners must transition from being the suppliers of physical offices to being the providers of a whole ecosystem of tech and services, enabling their staff to do their best work. New security platforms are key to this success and will foster better collaboration within the organisation and outside of it.

of at least one major European mobile operator’s capital will be invested into smart city infrastructure by 2020

5. The rebirth of the office

Source: Intuit 2020 Report: Twenty trends that will shape the next decade

10%

5. The rebirth of the office

Dave PalmerHead of Technology, Darktrace

In a few years, the machines will get better at spotting the unusual and unexpected, allowing you to investigate that. Biometrics and behaviour analysis will allow corporate security systems to interact with feedback in real time, notice if a worker is trying to engage in way that’s out of the ordinary, and take measures to avoid data breaches.

Safely use the best tools for the job with Knox Enabled Apps

Knox can invisibly secure data and communications through individual applications, regardless of whether they’re a company’s own proprietary tech or made by third parties.

5. The rebirth of the office

6. The embedded innovators

In the pursuit of more innovative thinking, larger businesses are working with startups or setting up their own – more than half of the world’s 500 biggest public companies are already doing so. Technology is the major barrier in the way of making this happen.

of the countries most actively engaged in start-ups are based in Europe

45

6. The embedded innovators

Source: OpenAxel, Opening Acceleration Across Europe

6. The embedded innovators

Having cyber-security systems that engage securely with any device or platform will allow large companies to cross boundaries, calling on expertise from smaller startups to work within their business and add momentum to their drive to innovate.

Marcos EguillorFounder & Managing Partner,BinaryKnowledge

Create secure solutions with Knox Customization

Knox Customization opens up access to a fullset of tools and services that empower thebuilding of customised solutions on a securedend-to-end platform.

6. The embedded innovators

Samsung is at the forefront of helping organisations to embrace this new raft of flexible workers, to make the most of emerging trends and to adapt to shifting markets by using technology. With a rich consumer heritage, Samsung has a deep understanding of how people use mobile devices.

The Open Economy will have arrived in full force by 2020, and businesses must be prepared.

7. Taking on the Open Economy

Using Knox to secure the future of work

Knox is a defence-grade security platform built to support a more open world. Its unique app-based interface is built from the chip-up, securing both the hardware and software layers of employee devices for more control, and better employee and customer experiences.

Securing apps for investment professionals with Knox

Thomson Reuters used Knox Enabled Apps to provide safe, secure access to Eikon and Convene apps. App-specific encryption placed each app in a secure container, ensuring private data was isolated from other vulnerable data on thedevice and protected from external attacks.

This collaboration with Samsung shows our deep commitment to continuously improve access to our products across all platforms. With Android an important and growing channel for our customers, Eikon and Convene users benefit from a robust security platform that truly matches the quality of our data and content.

Robert SchukaiHead of Applied Innovation, Thomson Reuters

Access the full reportDownload the full Open Economy report free at samsungatwork.com/openeconomy

Brought to you by Samsung Knox and The Future Laboratory

With thanks to our expert panel:

Nick Dawson Global Director, Knox Strategy, Samsung Electronics

Roger Enright Director of Mobile B2B, Samsung Electronics Europe

Marcos Eguillor Founder & Managing Partner, BinaryKnowledge

Dave Palmer Head of Technology, Darktrace

Dr. Marie Puybaraud Global Head of Research, JLL Corporate

Jonathan Tate UK & EMEA Technology Consulting Leader, PWC

Anthony Bruce UK Human Resource Consultancy, PWC

Patty McCord Founder of Patty McCord Consulting and former Chief Talent Officer at Netflix

Brian Solis Principal Analyst, Altimeter

Louis-Pierre Guillaume Knowledge Management Officer, Schneider Electric