BACK

#016 Pandemic and its Multi fold Impact on Future of Work

Mon, 08 Jun 2020 13:01:59 GMT

Globally, organizations have been forced to move their workforce remote, almost instantly, without any opportunity to plan or prepare for this new reality. While it’s been extremely challenging for several businesses, it has also created opportunities for as many and accelerated certain value-creation opportunities that have been around but struggled with adoption hitherto.

It’s important to acknowledge that we have never been as prepared as a species to adopt this new way of working from a technology infrastructure perspective – be it the ubiquitous availability of fast connectivity, or the unmatched prowess of cloud computing, allowing us to be ‘online’ anytime anywhere!

We believe this new and accelerated ‘Future of Work’ is further empowered by the sudden and unexpected urgency for businesses to go digital and the growing adoption of artificial intelligence, that have significant and permanent on the workplace, the workforce, and the nature of work itself.

The Workplace - Organizations will change how they work

Improving internal business operations is a benefit on par with enhancing products and services. The AI-aided process reduces actionable events, enabling the professionals to easily manage highly complex operations and make better, data-backed decisions and be more creative

The Workforce - Resource models will change:

Organizations will have to work around growing prevalence and acceptance on floating resources, workforce not committing to a single job, resource sharing models where specializations will be paramount

The Nature of Work – High-end skills will dominate

With increased dependence and process-oriented tasks taken care of by automation, there is an increased need to consider both the dynamic nature of jobs and the equally dynamic potential of people to reinvent themselves. To do this effectively, organizations need to focus on building workforce resilience for both the short and the long term—a focus that can allow organizations to increase their resilience in the face of constant change

Emerging Opportunities

These changing models and dynamics will give rise to the need for Cognitive Collaboration; and will be applicable and embraced across Healthcare, Education, BFSI, Retail & E commerce, Enterprises including SMEs and Manufacturing facilities

Cognitive collaboration where data may be obtained from many relevant sources, including sensors, bots, enterprise applications such as CRM, Internet of Things (IoT) sensors, people profiles, insights into enterprise calendars and meeting resources, health record, learning patterns, and social data. When combined with analytics that identifies patterns and relational clusters for individuals, teams, organizations, and customer insights, the results can present the right information, to the right team, at the right time and place

New use-cases and cross-platform collaborations will continue to evolve … only far more rapidly!

- Nanika

‍

BACK

Disclaimer:

The data provided on this website (www.csvpfund.com) is for informational purpose only.

Any information provided on this website or any of the other digital assets owned & maintained by Cornerstone Venture Partners Fund, Mumbai, India (“CSVP”)and managed by the Investment Manager, Cornerstone Ventures Investment Advisers LLP, Mumbai India, does not constitute investment advice or investment recommendation nor does it constitute an offer to buy or sell or a solicitation of an offer to buy or sell shares or units in any of the investment funds or other financial instruments.

The Cornerstone Global Enterprise SaaS Index (“CGES Index”) ™ is a trademark of CSVP. The CGES Index is created & maintained using a proprietary algorithm and is to be used for informational purpose only. It is not to be construed as an investment advice or investment recommendation in any of the constituent companies / stocks that are directly or indirectly part of the Index. The Index is created using publicly available data published on the websites of the respective companies. All data presented is as per our internal research and analysis leveraging publicly available data and is being presented only for academic deliberation and discussion purposes and is not to be viewed as any specific commentary / recommendation / evaluation / conclusion on any of the companies / stocks that are directly or indirectly part of the CGES Index.

CSVP also analyses, maintains, and publishes certain financial and non-financial metrics (“SaaS Metrics”) on the Index at an aggregate level, and not at a specific company / stock level that constitute the CGES Index. These SaaS Metrics are provided purely for informational purpose and CSVP assumes no liability for accuracy, suitability, or completeness of the SaaS Metrics. The SaaS Metrics are created using publicly available third-party information and CSVP does not claim any ownership of the sourced data. CSVP is not responsible for the accuracy, suitability or completeness of the information originally disclosed by the owner of the information and any information provided herein. CSVP accepts no liability and offer no guarantee as to whether the information is up to date, correct or complete.

CSVP may have used third-party data, information, and content (including all text, data, graphics, and logos) on the website. CSVP assumes no ownership and intends no infringement of rights, titles, and claims (including copyright, brands, patents and other intellectual property or other rights) of the respective owners or authorized users of the respective content. Use of such content is from publicly available sources and for indicative and informational purpose only in good faith. All trademarks and registered trademarks are the properties of their respective owners. This website may contain references or links to other websites. References and links to third-party websites do not mean that CSVP adopts the content behind the reference or link as its own. When first setting up the link, CSVP will have checked the linked site for illicit content and found none at that time. However, CSVP have no influence over the current and future design or content of such linked sites and will accept no liability for such content or design. Any use of these websites is at your own risk. The obligation of CSVP to remove or block the use of information according to the general laws from the time of knowledge of a concrete violation of the law remains unaffected.

Disclaimer

Krafted with

by Unico Connect