What Does the Future of Work Look Like in a Decade?
Veiled behind a pall of uncertainty, where do you think the future of work is headed? With so much dynamism and clouds of digital leaps, the future jobs seem interesting and mysterious to most of us. While startling development in Artificial Intelligence and Machine Learning is making automation more responsive, efficient, and productive, there is no debate about the constant changes and redefinitions in careers in the next decade. Are businesses combat-ready for the main changes that would impact the work in the ten years to come? Well, the future must answer that question.
Many of the aspects of work that we are so used to today were once mere predictions or even fiction. Besides, our working methods have dramatically changed recently, leading to remote and hybrid work models, changing workforce, skill development and employment trends, and universal technology adoption to accelerate the necessary transformation to sustain operations. How much more can this transform in the upcoming decade? Read on to know…
Change in Job Functions - Impact of Automation
Evidently, the future of work is not going to be like before. Specific jobs across industries and sectors that require physical proximity are disrupted. Moreover, with automation and AI, the necessity for contactless communications and dependency on virtual experiences has risen. To a particular extent, these trends are expected to continue.
Automation and AI will also eliminate many job functions and replace them with new ones that allow organizations to fully leverage new digital capabilities.
Many people have many theories about whether technological advances will reduce human work or technology advances will produce as many jobs as they displace. According to one such theory, automation will replace 3% of jobs in early 2030. This figure can rise considerably till late 2030 as 30% of jobs might get automated, with many workplaces starting to embrace the advancement in technology. As per studies, women might initially face a greater risk of automation as their population is more involved in administrative and clerical jobs. Later, major manual works done by men are likely to be replaced by automated machines.
What Does the Future of Work Look Like?
Here are some thoughts as to how work may emerge in the future:
Workplaces: The workplaces might have quiet areas, eliminating assigned seating. They might also be at a walkable distance to avoid shuttling to physical offices.
More collaborations: More modest, compact organizations might form with many opportunities for collaborations; there will be no need to build a costly big business.
Office Spaces: Many physical offices might decline. Vacant commercial and office spaces may be refurbished for residences.
Experiential Purchasing: Physical stores will be experience-centered rather than traditional buying across sectors.
Diminishing Hierarchy- Everyone will lead: Team building will thrive, not sole workers.
Focusing on Wellness: Office space will be healthy with good lighting, relaxation areas, sleeping rooms, etc.
Automated work style: When workers reach their offices, sensor wearable devices will tell them which room/floor to go.
No more desks: Absence of physical desks; employees will just virtually work as and when they need to, no matter where they are.
Assistants: More digital assistants like Siri or Alexa will help all employees sort through incoming email, meetings, creating spreadsheets, etc.
Seamless Connects: Meetings will happen across the globe from different locations, allowing seamless sharing of ideas and brainstorming across time zones.
Virtual experiences: Informal meet-ups via virtual and augmented reality headsets.
Investments In Renewable Energy, Energy Efficiency, And Climate Adaptation
While we cannot predict the future for any industry, the energy sector is expected to go through a massive transformation in the years to come. Research has shown that renewables could overtake coal by 2026 and oil & gas before 2030. Are you wondering what the future is for the energy workforce? Coronavirus has pushed this industry to embrace digitization and remote technologies in robotics, automation, and machine learning. Many industries have shifted seamlessly into remote working while the energy sector has been propelled to retain much of its on-site workers to complete undertakings. Therefore, a transition is on the horizon for the energy sector.
A Bright Future For All?
The pandemic has only accelerated the ongoing solid trend towards digitalization. Competition makes it imperative that all companies in a field follow the pioneer in the sector that is going digital. Certain levels of automation will take place in essential services, but that automation also needs to be carried out by someone. The demand for IT services will be substantial worldwide, at different levels of complexity.
While we might know how the impact will be on the workplace in the coming decade, businesses need to ask themselves whether they are proactively preparing their workforce for the differences and hurdles that coincide with penetrating digitization and technological adoption. Preparing for the future will put heavy demands on skills, businesses, and learners alike.
Are you equipped enough to prosper in the future of work? With everything getting automated, will there be enough work in the future? Let us know your thoughts by writing to us!
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