The Role of Ideas to Impacts and the Significance of Future of Work

The primary driver for the discussion is the increased use of advanced technologies (like AI, robotics, cloud, analytics, nanotechnology, quantum computing, 3D/4D printing, Internet of Things, blockchain, self-driving vehicles, etc. and synergies among these) that will result in a reduced need for humans in the workplace.

The future of work then is closely intertwined with the rapid evolution of technology. Beyond technology, several other factors are already underway, widening the economic gap between the rich and the poor.

Remote Working - a boost to “Distributing the Future Evenly”

A lot has happened since then. But nothing more impactful than the pandemic that we are going through right now – certainly the strangest and scariest period of our lives. The IT industry has remained relatively unscathed – certainly as compared to some of the other industries.

Almost everybody is working from home, and when they say home, most people have gone back to their native places rather than staying in their rented place in the metros.

Future of Work and #Covid19

It is not a question of ‘if’ but one of ‘when’ advancing technologies result in significant unemployment. So, the inevitable question…’what will the over 10 billion of us be doing?’ if the bulk of the work is automated, or done by machines? The answers you get range from….’Well, I have been hearing about this for a long time, nothing will change’ to, at the other extreme, ‘Utter chaos and a nightmare’

The new Hybrid way of working

We know that there is no going back to the old work delivery model post pandemic. Businesses have evolved from low to high by adapting to the new alternate work delivery models.

The pandemic accelerated the need for remote working and organizations were left with no choice but to adapt to the new normal. As a result, the Business models are shifting in demand.

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