If you are in the business for long, you will notice each round of the management revolution, it will replace the old practices and become the new norm, until it is replaced by next waves of the management revolution.
Since 1970 Peter Drucker invented the management field, we saw a lot of the management revolution. Most of the years where Peter Drucker provides a new insight from its management by objectives (MB), entrepreneurship to knowledge worker phenomena, to name a few. Then we saw business process re-engineering (BPR), the fifth discipline to forge the learning organization, to blue-ocean strategy, balanced scorecard and strategy maps, the list goes on.
Now we are transit toward the fourth industrial revolution (4IR) Industry 4.0, we expect to transform one more round again for at least 100x more productive than last generation, with half or manpower needed, and as expected, it can only be done via the automation, robotic process automation (RPA), artificial intelligence (AI) and machine learning, chatbot and let non-human to replace as many dimension of the business operation as possible. You saw how they are deployed in the high tech smart factory to make small quantities of high precision and custom order on-the-fly according to the latest demand and supply data feedback from the field internet of things (IoT). RPA also help to chop off excessive of manpower in perform various of decision making routing and passing, which do not possess any actual business value by the robotics, who working 24 hours a day, 365 days a year without sleeping and no ask for the absence, in the high volume of transaction in the mini second no real human can process and compete with.
In the field of software development, DevSecOps is being introduced and it helps eliminate a lot of tasks from humans to achieve seamless automation, continuous integration (CI) and continuous delivery (CI). As the world moves toward cloud-first, excessive jobs in the past open for hardware is eliminated, as it can deploy in the virtual machine, docker container, K8s software manner. Low-Code or No-Code software development is start to rise, and with the Google recent demonstration, AI for being developer, just like how it promise for replace photographer and videographer, modern technology is so smart in the sense, where if business require to deliver 100x result then before, without doubt, looking into those key results area (KRAs), it the only to go. For the same, the digital project economy is in demand for the same high performance output.
We are living in the modern world where almost everything has open source alternatives. Nope of the product and technology can claim for monopoly for long (if they did it before). Technology as macro environment forces is shaping the world is much more deeper and broader than everyone expected. If the past two years COVID-19 pandemic your existing company allows for remote work from home, does not mean it will allow as the circumstances change. With the global recessions and high inflation in front, most of the business is massive and chop off excessive staff to remain slim in their operations. As all business aware it will last for 2 to 3 years. As such, we expect to see someone who is adapted for the changing reality to remain in high employability, but the rest is either the job is being replaced by another country’s better candidate who can also be remote to work from home, but come with higher talent quality.
To be or not to be, both the employer and employee is exercising what they see and what is upcoming. For those who are smart and can continue to adapt to the changing circumstances, or we label as smart talent or labor forces will compete with a much smaller job pool, as we expect the majority of the job will be either automated, virtualized and replaced by someone else or just robotics. This is the background for why project economy will take off in the next few years and expect to become one of the new hireable competency new employers who look for it.
E-SPIN Group in the enterprise ICT solution supply, consultancy, project management, training and maintenance for corporation and government agencies did business across the region and via the channel. Feel free to contact E-SPIN for your project requirement and inquiry.
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