Adapting To The Current Situation
How companies utilize this time will tell us everything we need to know about the trajectory of their business model. Our clients are taking this time to establish comprehensive plans for how to continue bringing in billion-dollar revenues each year while keeping everyone safe. The way they will achieve this is by adopting technological advancements into the every-day work life. Technology will allow business to move forward, it will keep costs down and will play an enormous part in increased productivity. Not only should we expect remote availability for employees, we should also expect automation.
Is Human Intervention Necessary?
Companies are currently conducting massive layoffs and offices are empty. What is important to recognize is that companies will never want to be in this situation again; they can’t avoid pandemics from happening, but they can position themselves to be ready should another disaster occur. Now more than ever, companies are recognizing human intervention as unnecessary.
Oxford University researchers Carl Frey and Michael Osborne studied 702 occupations and found that “47% of U.S. workers have a high probability of seeing their jobs automated.” It’s safe to assume that large institutions will retain essential workers and adopt automation for everything else. This will not only keep everyone safe; it will allow for more profitability, and it will allow business to continue and keep costs down by diminishing the price of overhead, salaries, commute expenses, etc. While that may sound daunting for most professionals, it’s actually an opportunity. Instead of praying that your job isn’t replaced by automation, you should be asking yourself, “how can I advance my skills in a way that will make me irreplaceable?”
The time is now!
Just how companies are positioning themselves to be more competitive than ever, we should be too. Many Americans have had ideas to embark on additional education or achieve a new skill, they just haven’t had the time; that time is now. We should all be taking advantage of this period to enhance our knowledge and expand our professional capabilities. There is no better time to go get that certification or finish that degree! Whether you’re working right now or not, it’s fair to say that we all seem to have a bit more free time on our hands; why not put it to good use? The economy has taken a temporary hit, but we’re going to come back from this with a vengeance. Companies and professionals alike should seize this opportunity to evolve together. None of us saw COVID-19 coming but we sure can capitalize on it!
“Opportunity is everywhere. The key is to develop the vision to see it.”