We are at the outset of the next industrial revolution, where work will be optimized not only around profitability and productivity, but also around humanity.
This revolution has the possibility to be the first where talent, more than capital, becomes the most critical factor for business.
To get there, workers, companies, and government must address tough issues that precede the definition of a new economic and social contract of work for the 21st century.
Many companies have already received the wakeup call, responding to workers’ demands for greater empowerment and flexibility in the workplace.
Forward-thinking leaders are tackling challenging issues around where, when and why to scale their workforce and workplace.
McKinsey predicts that we’ll experience more technological progress in the coming decade than we did in the preceding 100 years put together.
According to McKinsey, 10 tech trends will dominate this shifting landscape, including process automation and virtualization, and the future of connectivity.
Around half of all existing work activities could be automated in the next few decades as next-level process automation and virtualization become more commonplace.
Faster digital connections powered by 5G and IoT have the potential to unlock economic activity and increase global GDP by $1.2 trillion to $2 trillion by 2030.
Understanding the impact these tech trends will have on organizations and people could be key to avoiding any downsides of disruption that may follow.