The Growth of U.S. Businesses Over the Last 5 Years ...

Over the past five years, U.S. businesses have grown a lot, thanks in large part to recent advances in exponential technologies. At first glance, it looks like a simple win: more companies, more jobs, better tech. But it’s worth a closer look. 

 

It’s easy to get lost in how fast AI is growing. Being so close to it can lead to myopia. For a broader picture, VisualCapitalist put together an infographic on the growth of various industries over the last 5 years. 

 

via visualcapitalist

Business creation has grown almost 20% over the last five years, with small businesses generating about 60% of new jobs in America. However, a look at the data shows a small number of firms drive most of that growth. 

According to J.P. Morgan, the information sector posted the strongest five‑year growth gains (+58%), followed by professional and business services (+32%) and education and health services (+25%).

It’s not surprising that Information business grew fastest, given the catalyst that AI and automation offer, and the growing awareness that data is increasingly a valuable asset.

AI today reminds me a lot of the Internet boom in the early 2000s. Back then, everyone focused on the technology, and it seemed like a separate tech domain. But now, almost every company relies on that technology as infrastructure, making it part of the playing field. I believe AI will become so widespread that, for most businesses, it will simply be part of the landscape.

The story isn’t just about how fast technology moves; it’s about how we steer it.

For example, AI and healthcare are a natural pair with transformative potential. By making diagnostic procedures faster, predicting patient outcomes, and customizing treatment plans, AI is poised to revolutionize how we treat or cure diseases and also how we improve longevity and regenerative medicine results. Interest and assets are sure to flow into that sector.

However, no matter where you look, the growing capabilities and tech infrastructure have profound implications for growth and transformation.

I’m curious which sectors you expect to grow fastest going forward?

As always ... Onwards!