Module 0-Introduction-Conducting business in the 4th industr

2.3Remote working

The rise of pandemics has meant many people have had to work from home. It has also resulted in many companies rotating staff for precautionary purposes and/or selling their larger premises to allow some staff to work from home and some staff to come into a ‘smaller office’ every now and again. This is likely not going to change in the future. Remote working has to become a part of people’s working lives if organisations are going to survive. This has meant ensuring employees have the right access to technology, computers, bandwidth to handle video conferencing, etc. Employees are being managed on productivity rather than hours spent in the office. This has increased the ability to attract and retain talent and has also boosted productivity. Artificial Intelligence is being used more and more. Incorporating AI is essential to keep a competitive edge. AI can do machine learning (processing huge amounts of data into smaller pieces of information for us to use); to security; customer relationship management as well be very useful in financial and real estate sectors. AI is used to track buyers and predict their intent to purchase by looking at their search patterns, what they view and open and more.

2.4Use of Artificial Intelligence (AI)

2.5 Increased collaboration (working together)

Google drive, OneDrive and other platforms have enabled us to collaborate more with each other and share information more easily. These tools simplify how we work together for team discussions, file sharing, project collaboration, tasks and storage.

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