The advances of the Fourth Industrial Revolution are creating a seismic shift in how customers, organizations, and communities interact. Thanks to these mutual exchanges enabled by new technology, companies can now foster meaningful connections with their clients that were once unfathomable! By capitalizing on this unprecedented opportunity for integration into people’s daily lives, businesses have an invaluable platform through which success is not only possible but likely. As Jeanne W Ross has so deftly put it – ‘It’s not just about what tech does; rather it’s about what you do because of the presence of tech’. We find ourselves standing at an exciting crossroads between human potential and technological progress – let us embrace the future of work trends.
1. AIÂ
Most of the next technologies news are related to AI and this is not surprising. AI has revolutionized the way many companies conduct their Human Resources and Development operations. With growing popularity, this technology offers potential applications at each step of the HR life cycle – from identifying and attracting to retaining talent. It is increasingly being used for automated resume reviewing, efficient scheduling of interviews, assessing new job candidates’ suitability for a role or even predicting an employee’s turnover rate! While it can certainly provide a great convenience in completing tasks quickly without human error; ultimately we must recognize that there are certain aspects where only humans have an edge over machines: understanding emotions & motivations which remain integral components when managing people-related matters with compassion and empathy…
2. Internet of Things (IoT)
The Internet of Things (IoT) will revolutionize the way businesses operate. By deploying a vast network of interconnected smart devices, companies can gain important insights and automate processes to improve operations at all levels. Data collected from these sensors give organizations access to enhanced decision-making capabilities, unlocking greater productivity through streamlined workflow implementation. The IoT is set to be an invaluable tool for any business looking towards advancing its performance in today’s data-driven world! Many new technologies revolve around the IoT and this trend will only intensify.
3. BlockchainÂ
Blockchain technology is revolutionizing the business world with its secure and decentralized network, which allows all users to access information in real-time. This means companies are able to manage their supply chains effectively through a simplified, transparent system that eliminates any need for central authority control. Furthermore, this level of trustworthiness supports collaboration between participants within an ecosystem by providing them with shared data at all times – making it easier than ever before!
Blockchain is a powerful security tool, but it alone will not be enough. For example, stealing data from a device eliminates all the advantages of the blockchain. You should consider app store cleaning. By periodically using a phone cleaner, you can get rid of junk and indirectly improve the security of your device. Along with unnecessary file storage, the cleanup app can also remove a virus. The most important purpose of the Cleanup App for iPhone IOS is to provide free space and speed up your smartphone. You can take advantage of all the benefits of technology only if your device is working properly and storage cleaner helps with this. More cleanup app reviews can be found in the app store. All in all, a cleanup app in a world of massive amounts of data is something that goes without saying.
4. Cloud Computing
Cloud computing is revolutionizing the way businesses work by enabling them to access their data from anywhere in the world at any time. With cloud services, companies can save money and increase flexibility without investing heavily upfront for hardware or software. Smaller organizations are now able to take advantage of technologies that were previously inaccessible due to cost constraints, allowing them greater scalability and agility when it comes to dealing with peaks in demand such as holiday shopping rushes.
5. Professional Clusters in Focus
A wave of change is upon us, as the World Economic Forum’s Future of Jobs Reports in 2018 and 2020 reveals a dynamic reshaping ahead. Now the situation has changed a little, we just got closer to the forecasts. 85 million jobs are projected to be displaced by human-machine collaboration while 97 million new positions will be created across 15 industries and 26 economies due to technological advancements such as Data & AI, Green Economy, and Engineering & Cloud Computing – the professional clusters likely to experience a surge at an annual growth rate that surpasses all other fields. These three together account for 6.1 million job opportunities worldwide from 2020-2023 out of which:
- 37% belong to Care Economy;
- 17% Sales;
- 16% Marketing/Content creation;
- 12% Engineering + cloud computing;
- 8% People Culture;
- 6% Product Development.
Conclusion
The 5 technological trends discussed above show that businesses of all sizes can take advantage of the many opportunities presented by technology. From the massive potential of big data and the IoT to the increased security and trustworthiness provided by a blockchain, companies now have access to tools that will enable them to compete in today’s global economy.
Also read: Can Technology Trends Replace Humans In The Recruitment Industry?
