Future of Work – Page 3

Keeping Up With Digital Transformation

Digital transformation has by now made its way to nearly all industries, and therefore, it comes up in Croixstone’s conversations almost daily. Why is digital transformation so important? Quite simply, if organizations don’t modernize and become fully digitalized then they will be left behind and the threat of disruption becomes very real. With companies investing millions to digitalize their businesses, they are hoping for outcomes that will increase revenue, reduce cost, create more products and services, improve customer satisfaction, enhance differentiation, and ultimately mitigate the risk of digital disruption.

Regardless of your area of expertise, digital transformation will impact everyone. Companies are looking for change drivers to help them weed through the digital transformation myths, create a culture that makes data-based decisions, and sift through an avalanche of digital initiatives to reshape their organizations.

Read about a new practical guide to a successful digital transformation here.

Learn some insights into helping your C-suite understand digital transformation here.

See how three companies are thriving with digital transformation here.

What’s Happening in the Financial Services Sector?

Those of us who live in the Queen City know that Charlotte is the third-largest banking center behind New York City and San Francisco. According to S&P Global Market Intelligence, the Charlotte region is home to 16 banking institutions with $2.27 trillion in total assets. So, what’s happening in the USA’s financial services sector overall?

Learn about the future of Financial Services here.

How are tech trends and FinTech affecting the Financial Services industry? Learn how here.

Are technology firms the next Financial Services providers? Let’s see what Forbes thinks here.

Finally, learn about the third way of innovation (AI and machine learning) in Financial Services here.

The Growth of Coworking

The Queen City is continuing to see the growth of coworking space. The coworking concept, paying for access to private and shared workspace, was initially fueled by the rise in mobile technology and the gig economy. More recently, the coworking trend expanded in the corporate and commercial real estate market, with more than one million people worldwide expected to be working in coworking spaces by the end of 2017.

Coworking spaces come in all shapes and sizes and represent the antithesis of yesterday’s corporate offices. With an estimated 14,000 spaces around the world, the spaces are shared by corporate teams, small businesses, tech workers, creatives, entrepreneurs, and more who are looking for the flexibility to be able to expand and add office space as they grow.

Learn more about the coworking trend below:

Gaining the Competitive Edge Through Digitized Supply Chain

Just like everywhere else, digital transformation has impacted the optimization of supply chain efficiency. Advances include crewless ship operations, new warehouse automation breakthroughs with robots, development of autonomous-vehicle supply chains, advancements in 3D printing, and the emerging role of blockchain.

Learn more about how a digitized supply chain can give you a competitive edge here.

Demystify 3D printing and its disruption in industry here.

Your roadmap to a digital supply chain is here.

Is Flexible Work Driving the Future of the Workplace?

Will the day come when we all work as our own boss?

The World Economic Forum held its annual meeting earlier this month and the future of work was a key topic of discussion. The organization’s Global Future Council on Education, Gender and Work is presently crafting a document that addresses the question of how we facilitate the transition from the traditional form of work to the future state where work is more flexible.

Stephane Kasriel, CEO of Upwork and co-chair of the Global Future Council on Education, Gender and Work, recently shared the following perspectives on the future of work:

Entrepreneurs and freelancers represent the future of the workplace as traditional office jobs become less and less relevant
Lifelong learning is more important than ever before as skill requirements are constantly changing
There is a constant need to be reskilled and you need some kind of job renewal every five years or so
The workplace is moving towards more flexible arrangements where individuals are working with multiple companies at the same time
“Knowledge” work is especially aligned with more flexible work arrangements and can be done from anywhere, thereby creating more value than the traditional work model
The future of work is not going to be about full-time employment

Learn more about the future of work here.

The Freelance Economy in 2017

According to a new study conducted by LinkedIn, freelancers now account for nearly 35% of the USA workforce…and the trend is only gaining traction with more professionals opting out of traditional “full-time” employment.

The Croixstone Consulting team found the following survey findings of particular interest:

40% of LinkedIn’s freelancers (the social networking site’s “ProFinder” members) are based in just four states (California, Florida, New York and Texas).
Marketing, Business Consulting and Design were the top 3 industries for freelance work in 2016.
Younger freelancers identified industry preferences centered on Writing, Photography and Home Improvement.
Older freelancers identified industry preferences focused on Career Coaching, Business Consulting and Real Estate.
33% of all professional freelancers surveyed were male.
The average freelancer is an older male (nearly 50% of LinkedIn’s ProFinder members are older than 50).
The average hourly rate for freelance work averages $50-$150.

Gain more insights into the Freelance Economy here.

5 Ways Work Will Change in the Future

Are you ready to peek into the future?

The Croixstone Consulting team recently reviewed a study published in the UK’s The Guardian newspaper that highlighted five ways that work will change in the future.

1. Workplace Structures
Forget the rigid corporate ladder – now the corporate lattice allows free-flowing ideas and career paths

2. Artificial Intelligence
The robots are coming and if the forecasts are correct, they could impact millions of jobs

3. The Human Cloud
Websites that match employers with freelancers are growing fast

4. Workplace Monitoring
Are you ready to be tracked in a much different way?

5. The End of Retirement
There’s no more automatic “out” at age 65

Read the full article here.

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