5 Factors That Will Change How Business And Work Are Done Is 2021
2020 was indeed a year of pandemic, directly or indirectly we are affected, a lot of business went down, millions of works were lost, millions of workers became jobless and many business, company, NGO are still counting their losses
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Back to the topic, The 5 Factors That will change how business and work is done in 2021, you and I know that
Millions of lives were lost to coronavirus COVID-19 worldwide, at first, no one knew that 2020 will turn this way, it was a harsh year and hard time for the world
But thanks to God, the world is recovering, slowly but steady, the global system is fast bouncing back, how well are you preparing for the year 2021?
Yes, 2020 has been a year in recent memory that has upended the nature of work. When the COVID-19 pandemic hit, companies around the world scrambled to keep their operations running by deploying new technologies, often at scale, to let their workers do their jobs remotely from home
Now, as the dust settles, companies can see what was effective and what wasn’t about the experiment of remote work from home in 2020
And what they must do differently as it becomes the norm. As we move toward 2021, we envision a new world in which advanced technologies merge with evolving philosophies of work.
So Here Are 5 Factors That Will Change How Business And Work Is Done In 2021 for everyone. and we the entre team NLSOFT, Owners of NairaLEARN will like you to take note of them and act wise, Plan For The Year 2021
5 Factors That Will Change How Business And Work Is Done Are 2021: Prediction 1:
The next frontier of SaaS: Frontline workers will be at the center of decision-making, with “career frontliners” being the norm.
Work has always played an important role in our social lives, but never as much as during the pandemic when months of lockdown took a toll on people’s emotional health. Technology and tools that aid remote presence helped us feel closer together while we were physically apart, but there’s a long way to go.
This is particularly true for frontline workers, who unfortunately may be the least connected to their companies, yet the most exposed to the virus. Essential workers like teachers, doctors, retail staff, and manufacturing workers often don’t have access to the same company-wide technology as their colleagues. Many don’t have a company email or even a desk.
However, companies are starting to realize the invaluable and unique insights these workers, who are traditionally the first touch-point with customers, can bring back to their organizations.
Businesses are now trying to make the working lives of these employees easier, by centralizing tools for tasks like getting shifts covered or sharing critical health and safety information with them instantly, on their mobile phones.
We think that going forward, companies will no longer overlook the power these workers have and will give them the tools they need to communicate and collaborate with the wider business.
In turn, frontline workers will feel more empowered and closer to the business, and game-changing decisions will ultimately bubble up from the frontline.
Digital technology also has some important role to play here as they thrive in 2021, companies need to put employees at the center of their workspace philosophies.
By honing in on the employee experience, employers can improve productivity, increase engagement, and create a more connected and efficient workforce. Central to making this happen will be digital solutions that integrate with a company’s existing tech stack and are personalized to individual employees.”
5 Factors That Will Change How Business And Work Is Done Are 2021: Prediction 2:
Health and wellbeing will be the new corporate. Companies have never been more aware that the happiest employees are those whose work has an impact beyond the organization.
Study after study shows that a sense of purpose is key to job satisfaction, and companies know that motivating workers means aligning their self-fulfillment with business goals.
But employees are overtaxed by the demands of work, and research indicates they’re not the only ones. A recent Oracle-Workplace Intelligence survey of 12,000 workers—including 3,100 C-level executives—showed that corporate leaders areas susceptible to professional stress as anyone.
71% of executives said 2020 was their most-stressful work year ever, and 53% reported struggling with mental health issues at work.
Focusing on improving employee well-being is not only the right thing to do, but companies are also aware that it leads to increased business performance.
That’s why they’re looking for tech and other tools to boost job satisfaction, worker health, sustainability, work-life balance, and flexible working arrangements.
Technologies like artificial intelligence will be essential in this pursuit. The Oracle-Workplace Intelligence study found that 75% of employees believe AI can assist in providing information vital to their jobs, automating tasks, and reducing stress.
It also revealed that 68% of employees would rather discuss workplace stress with their manager or best with any CEO of the company who cares to listen.
Increasingly, companies are using team-building platforms to coordinate group activities like yoga, meditation, or even just coffee chats.
And employees are beginning to expect this from their employers; the same Oracle survey found that 76% of employees believe their employers should take more responsibility for their mental wellbeing.
Businesses now realize they must do more to provide employees a social safety net. Those heeding that lesson will gain a major leg up on competitors, in areas like employee loyalty, retention, and productivity, versus those that don’t.
5 Factors That Will Change How Business And Work Is Done Are 2021: Prediction 3:
Augmented and virtual reality will be widely adopted for training, collaboration, and improved customer contact. New automation technologies are rapidly reshaping the world, creating tremendous opportunities for economic growth.
But according to the World Economic Forum’s Future of Jobs report, 54% of large organizations’ employees need significant re- and up-skilling to leverage these transformational changes.
This requires new tools deployed at a mass scale that can efficiently train millions to do their jobs of the future. Virtual and augmented reality, which enable inexpensive, sophisticated, and widely distributable training scenarios, are perfect for the task.
That’s why, CCS Insights predicts, more than half of medium and large businesses in advanced economies will adopt AR/VR technology by 2025.
While current video training technologies do a poor job of capturing participants’ emotion and tone, AR and VR alleviate that emotional and cognitive tax by incorporating intelligent contextual tone and nuance, such as body language. That enables full-body, immersive experiences like virtual meetings that feel like you’re actually with other people.
That’s because it’s ideal for developing the soft skills of leadership and management. Comparing workers trained in VR with those who were more traditionally trained, PwC found that the former learned four times as fast, were 275% more confident in applying their new skills, were 3.75 times more emotionally connected, and were four times more focused.
And the same study found that VR training becomes more cost-effective than traditional methods as learners scale.
Reality Companies today face a training dilemma. Their employees need to learn new skills and upgrade existing capabilities more urgently than ever before, but many now aren’t able to do so in person or alongside colleagues.
How do employers deal with that challenge? VR is already known to be effective for teaching hard skills and for job skill simulations. But we also expect to see companies starting to adopt this technology to help employees learn soft skills, such as leadership, resilience, and managing through change.
Nairalearn research shows that VR can help business leaders upskill their employees faster, even at a time when training budgets may be shrinking and cost price skyrocketing due to the effectiveness of the pandemic.
Meanwhile, businesses are increasingly using AR to enhance consumer experience and engage new audiences in meaningful ways.
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5 Factors That Will Change How Business And Work Is Done Are 2021: Prediction 4:
The location will cease to matter as we see a narrowing of the digital divide during the first wave of COVID 19 Wheverybodyody move to work from home, with millions leveraging the zoom meetings, etc
When the pandemic forced businesses to transition overnight to remote work, many expected the change to be temporary. But Gartner now predicts 47% of companies will let employees work from home full-time after the pandemic, with a possibility of 2021 COVID 19-second wave. the work from home will remotely remain with us
Done right, remote work can be highly effective, saving everyone time and money. To capitalize on this sea change, smart companies will adopt effective team collaboration technologies, like the Workplace, that provides a true sense of presence and that help make business communication between employees and managers more transparent.
At the same time, they need to move beyond standard video-conferencing platforms to tools, like Portal or VR, that are more immersive and inclusive.
Of course, only those with access to reliable Internet will be able to take advantage of remote working opportunities, and the global digital divide is still a serious problem.
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According to the World Economic Forum, there are 3.7 billion people globally with no Internet service, and a study by BroadbandNow concluded that even in the United States, 42 million lack high-speed connectivity. in Nigeria, a low-speed connection network is seen as normal same with other Africa nations
We can’t afford to leave those people behind. Over the next three to five years, we’ll see more investments made in connectivity infrastructure to address the digital divide and make the future of work a reality for everyone.
Businesses worldwide are embracing remote work, and it’s becoming one of the biggest economic opportunities in decades. By turning away from large, centralized headquarters, companies will save big on office space, while employees will be able to lower living costs by moving to less populated areas.
They’ll also save hours a day—and drastically reduce their environmental impact—by not commuting. By decentralizing work, and redistributing wealth and influence, we will strengthen communities around the world like never before.
5 Factors That Will Change How Business And Work Is Done Are 2021: Prediction 5:
Companies will increasingly automate mundane tasks and focus on giving employees more satisfying work.
For years, people have worried that the rapid proliferation of automation technologies in business will cost jobs. The reality is much more optimistic: Automation isn’t about replacing jobs—it’s about enhancing them.
Companies know that workers spend too much of their time on mundane tasks and not enough on real work. So increasingly, they’re using bots to take those tasks—things like filing tickets, sending and signing documents, and swapping hourly shifts with co-workers off employees’ hands.
Thanks to automation, these organizations are devoting much more of their focus to improving work culture and ensuring employees are happy at their jobs.
At the same time, businesses will benefit from a surge of new products that advance what CCS Insights terms the “home-working last mile.” These include tools like small video calling devices and connected whiteboards that can make it easier for geographically-dispersed workers to collaborate.
Most of this innovative tech well roll in 2021, due it may take a couple of years to arrive in Africa
As we move into 2021, companies and employees must recognize that work won’t return to how it was before the pandemic. But those who embrace the new technologies and philosophies of work that are coming will be more efficient and effective than ever. And they will lead us to new prosperity.
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