The world hasn’t endured a seismic shift in the business landscape since the dawn of the Information Age in the 1950s. But today, the next transformation has begun. The global economy has reached an inflection point where rapid technological development has converged with increasing efficiencies and human resources capabilities to create a perfect storm that drives change at a breakneck pace previously thought impossible.
The digitization of work also means it’s time to reassess how to access talent and capabilities and best manage people and their work. The Covid-19 pandemic mandated a digital-first strategy. However, the rush to return employees to offices post-pandemic missed the deeper, lasting opportunity to adopt a more flexible, fractional work model.
Enterprises must thoughtfully reengineer themselves for this new economy and thoroughly reassess their strategies, structures and operations. The future of business is one where strategic agility and operational efficiency are enabled by AI and human collaboration, which demands a profound transformation in the approach to business leadership and management.The rise of AI has happened in tandem with these fluctuating economic conditions and shifts in global workforce dynamics.