The world is transitioning towards the Fourth Industrial Revolution (4IR) or Industry 4.0, and it is crucial to be proactive in adapting to these changes rather than being passive and reactive. Smart factories, robotics for remote site operations, driverless vehicles, and AI-powered legal and judicial systems are just some examples of the new efficiencies emerging in this new world. If you don’t understand the coming changes and challenges, it may be best to pause and reflect.
Many jobs invented in the past will likely become obsolete in this new era, unless they are related to 4IR fields such as AI and robotics or you excel in applied data science. For example, AI is now winning awards for graphic design and painting and can write novels and software programs. In retail, self-service kiosks are replacing human order takers. Every human and business enterprise must keep up, scaling technologies across operating sites and value chains.
The world market has become globalized for a long time, since the internet infrastructure is in place. Scarce local personnel resources can be staffed and sourced globally at much lower rates than before. The rise of project economy and anywhere workspace means that everyone needs to be capable of adapting and operating under these new contexts. What matters most for each enterprise is project undertaking and delivery, moving from one project with value to another. Project team members can be project leaders for one and project members for another.
The emergence of AI and robotics in handling manual and routine tasks is a reality that humans must learn to coexist with. These technologies will replace previous generations and bring about a new wave of change. To stay ahead, it is important to be proactive and adapt to these changes.
Businesses that refuse to change and hold onto outdated ideas will struggle to survive. The same goes for individuals who do not continue to develop their skills and competencies, as they will not meet the demands of the modern and future workplace.
The future of work will be characterized by smaller, more specialized companies that are better equipped to adapt and innovate quickly. Those who know how to leverage social channels as a form of capital will have a distinct advantage. The hybrid work model, blending remote and in-person work, is here to stay in the new normal.
E-SPIN Group provides enterprise ICT solutions, including supply, consultancy, project management, training, and maintenance for corporations and government agencies. E-SPIN Group conduct business across the region and through channels. If you have any project requirements or inquiries, please feel free to contact E-SPIN.
Related post that may interest you:
- New definition of productivity and sustainability in project economy
- Next Normal enter Project Economy Era
- Sustainable and inclusive growth in the next normal
- Why it matter to coexist with AI and Robotics
- Differences between RPA and AI
The post original create 2022-Oct-13, last check and update 2023-Jan-9.