Impact of Technology on the Future of Work

Impact of Technology on the Future of Work

The work environment all over the world is changing rapidly due to the fourth industrial revolution. It is affecting millions of workforce across vari

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The work environment all over the world is changing rapidly due to the fourth industrial revolution. It is affecting millions of workforce across various industries in multiple ways. The major driver to this evolution is the advancement in technology which is impacting the work dynamics in a big way. Some of the jobs which were sought after five years ago, do not exist anymore. On the other hand, the required skilled workforce needed for the new opportunities that are emerging today are not easily available. Artificial intelligence, IoT, automation and algorithms are creating highly skilled jobs which need in-depth learning and understanding.

There is a growing concern among the working personnel that automation, robotics and new technologies will take away their jobs. While these concerns are real to some extent with some of the age-old jobs becoming obsolete, it is not entirely true, as several new jobs are also being created simultaneously. It is therefore becoming imperative to keep abreast with new technologies and unlearn some of the old ones to ensure that one stays relevant.

Technology and data are critical to the operations of all corporate functions. So, it is necessary that we understand and leverage technology to our advantage and keep ourselves updated to suit the requirements of the job role. Employers are increasingly looking for resources who exhibit both, technological and technical skills required for the job. As technology has become an integral part of our daily life, it is a known fact that it is no longer restricted to the IT sector alone. Technology enables new ways of working and makes processes more efficient and effective. Therefore, it is important that we understand these shifts, imbibe the benefits of technology, and adapt according to the changing times.

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