The developments in various sectors have led to phenomenal changes in the working methodologies and has enhanced the nature of work. The mechanization of the operations especially in the manufacturing, agriculture, automobile, textile, pharmaceutical, FMCG, Chemicals, Electronics, and many other industries has increased the industrial output in higher quality, better safety and reliability. The human involvement in the industries changed from hard labour to skilled labour and then to technical experts who operated high speed machines efficiently. It is an obvious fact that the future of work technology trends are transforming the functioning across the industrial sectors.
Lets Explore The Future of Work: How technology trends is shaping the industry paradigms.
The technology is changing the industry working by bringing in better control, system of operation, better precision, accuracy and higher production outcomes. The complex machining process carried over the traditional lathe machine was slow, complex, detailed and required high skill of the operator in carrying out the required jobs. With the applications of the computer electronic functions, the new and robust system known as Computer Numeric Control (CNC) rapidly occupied the industries. Reducing the production time, labour and increased accuracy, the CNC machines offered best safety and control in all of its versatile applications. The future of work technology trends emerged with the robotic applications in the manufacturing enabled in the production process with high speeds at high temperatures or extremely low temperatures. The robots were operated through remote wired controls or through wireless protocols.
The technologies have minimized the gap between the people regardless of their locations through the modern internet facilities offering direct live interactions, online learning platforms, advanced learning applications, Learning Management Systems(LMS), modern accessories and advanced tools. The computer applications in the education surged during the COVID-19 lockdowns when the entire world came to a standstill for approximately four to five months. Online platforms including Microsoft Teams, Skype calls, whatsapp calls, etc were widely used by several educational institutions in continuing the teaching process reaching out to the students in different locations. These have changed the mindset of the learners towards the future of work technology trends.
The healthcare industry has undergone phenomenal developments with the application of modern technologies in several areas. Medical research and biotechnology field got boosted with the technological support in conducting several tests, identifying the test results, creating inferences and preparing the conclusive reports. New vaccines were developed which offered new hope of saving lives worldwide against several deadly diseases. The advanced scanning and ultrasonic imaging systems have helped the doctors in identifying the infection area, the tumour and the crack in the bone. The future of work technology trends have helped in treating the illnesses with minimal invasive procedures in short time and faster recoveries.
Another prominent example reflecting future of work technology trends is through the rise of the fintech industry. The technology applications in the finance sector have enhanced the working in banks, financial institutions, insurance sector and in the entire business world. Digital payments through cards and UPI (Unified Payments Interface) made the transactions safer, easier and faster. This was the next step to the traditional electronic fund transfer systems operating between banks which was specific to the network, timings and other protocols. Artificial intelligence (AI) in finance helps drive insights for data analytics, performance measurement, predictions and forecasting, real-time calculations, customer servicing, intelligent data retrieval, and more. Blockchain is an emerging financial services technology trend transforming the financial world with most banks that are implementing blockchain solutions (including checking, money processing, trade finance, etc.) are doing so on their own.
The business world is revolutionized with the future of work technology trends through the application of modern technologies that has enhanced the dimensions of communication, quality systems, process control applications, elevating the services, simplifying the procedures and optimizing the returns. The monitoring systems have supported the management leaders with real-time updates which have been crucial in taking right decisions for improvements in the operations. The AI applications have supported in offering the complete information, real-time updates to the clients and enhancing the customer satisfaction. The future of work technology trends in the modern process control systems have synchronized the operations in such a way that have optimized the consumption of the raw material, efforts involved and generating the best possible output from the processes.
Technological applications in the field of media and entertainment have opened the vistas of possibilities to the people worldwide. People have the access to the internet and digital technologies enabling them to communicate, access data, information and watch movies, shows, sporting events easily from any corner of the world. The future of work technology trends have been visible in moving ahead from the tower-based technology to the satellite-driven systems, people can create their own videos, presentations, pieces of music or art and share them to the people world over. The transfer of news is fastest today with the people watching the news, speeches, entertainment programmes and live performances in the real-time at the click of the button.
