![]() It was also noted that gig economy has not extended itself to the positions of CXOs in any organisation so far. ![]() For the organisations, based on the business needs, fixed costs can be controlled, profits can be maximized and the atmosphere can be made more advantageous. Gig economy can be compared to a human cloud where employees cannot be full time workers. The discussion can be summarized in the following points, Sangeetha Balachandar, HR Director, Trimble Vikas Upadhyay, Chairman, MD, Excellere Marketing The esteemed panel members for this discussion were, The topic for day 2 revolved around the same – “GIG Economy: An Opportunity or Challenge” These are the wise words of John McAfee, the Founder of McAfee Associates regarding Gig Economy. This new business paradigm empowers individuals to better shape their own destiny and leverage their existing assets to their benefit”. ![]() Altogether, it was indeed an enlightening session. The technologies reshaping the industry, the qualities that the students of a B-school should have, the importance of human and emotional aspects in a machine dominated the industry, the challenges that the industry may face and a few possible workarounds for the same were discussed and pondered in depth. The will to learn and change and the quality to up-skill oneself to embrace that change, define Industry 4.0, thereby directing us towards the future Decision making processes, learning and development and strategizing businesses have to be more agile and aligned with industry trends.įields like business analytics and data integration are witnessing rapid changes and the current millennia’s ability to respond to these changes should be improvedĪ committed leadership, unified ownership, investment and trust in in-house talent forms the basis of Industry 4.0. The life cycle of a product is restructured in this revolution which opens new avenues, among which cloud based technologies are a viable option. Industry 4.0 is based on IT infrastructure, which increases the productivity of the organisation and reduces the time taken to market a product. Vijay Navgire, Head-TA, Parkar Consulting and Labs
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