Paper Contents
Abstract
Overview of Technological Advancements Shaping the Future of Work:Future workplaces are predicted to be more flexible but also more unstable as businesses move away from traditional perks and require new skill sets. There is a great deal of uncertainty around this transformation in terms of how quickly the labour force will adapt to meet the demands of a changing workplace. While many jobs will probably disappear due to technological advancements, new ones will also be created as businesses move into complementary or lab-based duties. The workplace is changing as a result of technological breakthroughs including automation, online collaboration tools, artificial intelligence (AI), and additive manufacturing. Jobs that once required human judgment, like driving and diagnosing illnesses, are becoming more and more computerized or may soon be automated.Government support for labour markets to adjust to these changes will be further taxed if the changing skills needed for this new employment do not match the workforce's present capabilities. Through online freelance marketplaces that connect clients with independent contractors, emerging technologies are also enabling virtual labs or mobility and enabling lightning-fast commercial data and software transmission. Although these developments have the potential to increase productivity and open up new work opportunities, they also present serious obstacles in the form of skill mismatches, job displacement, and labour market adjustments. To manage these changes and make sure that the workforce has the tools and resources they need to succeed in the changing workplace, governments, corporations, and individuals must work together.
Copyright
Copyright © 2024 Dr.Kalidhasan M. This is an open access article distributed under the Creative Commons Attribution License.
