How Digital Transformation Will Change Everything
The majority of global executives believe that the rapid pace of digital transformation will change nearly every aspect of the way we work, according to a recent survey from Cognizant's Center for the Future of Work and Roubini Global Economics. The resulting report, "The Work Ahead: Mastering the Digital Economy," indicates that this technology revolution may take only a few years to take hold. With greater adoption of business analytics, artificial intelligence, cloud delivery and automated processes, project teams will be able to get the job done more efficiently, while also collaborating more. Day-to-day tasks will become more strategic. At the same time, however, organizations will require fewer people to pursue business goals, and there are increasing concerns about information privacy and digital terrorism. Overall, the findings convey that there is, indeed, a brave, new world ahead of us. With the right IT skills in place, both tech and non-tech employees will be in a good position to take advantage of the shifts. "The good news is, digital is the business opportunity of a lifetime," according to the report. "The bad news—if you can call it that—is that expectations are high, and there's still a lot of money not yet being made. … Digital is impacting work that matters. How we bank, manage global supply chains … run our back offices, consume goods and services are all now up for grabs. This shift is not a mirage, and it will be more significant than anything anybody of working age has ever experienced." Executives from an estimated 2,000 global companies took part in the research.