Current Trends in Your Industry
Current Trends in Your Industry
Recent years have seen a lot of changes in the workforce. With so much opportunity, the new generation is more entrepreneurial than ever. Industries are shifting towards more tech and automation. Many recent trends are disrupting traditional work environments and shifting them towards a more individualized work style. Here we discuss some of the most prominent trends and what it means for the workplace.
1. Automation
As technology advances, businesses can automate previously time-consuming and tedious tasks. This allows them to focus on more complex tasks and increases their productivity. Automation is especially prominent in industrial and manufacturing. Algorithms have been implemented behind the scenes, decreasing human error and increasing efficiency. It also gives employees more time to work on creative projects or relax.
2. Transformation to Virtual Firms
Virtual firms allow employees to work from home, allowing them greater flexibility. This will enable employees to focus on projects without phone calls or office interruptions. Managed IT service companies have made it easy to set up a virtual office and access cloud storage for easier sharing of files and information. There are still some downsides, though. Discipline must still be used to avoid procrastination and distractions. A virtual office can be a great way to attract employees who value work/life balance or want to work in different locations than their homes. According to Dr. Jordan Sudberg, brands and organizations that haven’t embraced a virtual model are losing a large portion of the workforce.
3. Combining Online and Offline Services
For many industries, online and offline services can be combined to be more effective. Restaurants, retailers, and dating services use online delivery. This makes it easier for customers to access these services without being stressed about missing out on an opportunity if they don’t get there quickly enough. The internet has essentially eliminated the need for complicated delivery options. Customer service representatives are often overworked and stressed out and have much more time to deal with customers in person. Employees of these businesses can spend less time on the phone and more time with the customer.
4. Blockchain & Artificial Intelligence
Blockchain is a digital ledger that records transactions. This system creates a great way to record, share and secure information. It can be used in almost any industry to give business owners more control over their knowledge and improve the reliability of their data. Many online databases have been the subject of hacking scandals. The blockchain can secure information with little risk of errors. This will allow companies to create more valuable databases, which can be used for various functions like customer interaction, sales, etc. Recent and more intelligent systems enable companies to store and analyze data more effectively. This will give companies better control over their information.
Both employees and employers need to understand the changes that are happening in industries. While some jobs may become obsolete, new opportunities are opening daily. A bachelor’s degree has always been the standard qualification, but employers look for more than just a piece of paper. An entrepreneurial spirit and a willingness to adapt in response to change can be pretty valuable. According to Dr. Jordan Sudberg, industries need people who are highly motivated and can work well in a group.
