Future of Work News Free eNews Subscription

The Future of Work is a $3.5 Trillion Arbitrage Opportunity

By

We often discuss the need for digital transformation and future of work as important for the future of every business but quantifying these concepts is difficult to achieve.

CEOs know they must innovate. They know competition is coming from every direction and the web has transformed the world of commerce and communications.

We like to cite the example of Harry’s and Dollar Shave Club as two no-name upstarts who took on Gillette and brought the company to its knees.

The irony is some years back Schick, another razor maker said you can’t take Gillette head on. They were wrong. Very wrong.

New entrants have taken 16% of the market and counting.

As a result, Schick parent company had to purchase Harry’s to better compete.

We describe digital transformation broadly – it can be remaking the way your organization operates. It can be transforming your go-to-market strategy, the way you charge for products and services, etc.

For example for a jet engine company – leasing thrust instead of selling engines. For an insurance company – using an app or IoT sensor to price insurance based on miles driven or driving skill and safety.

The future of work is the idea that new tools are making workers more productive and efficient. We are collaborating more effectively. We are leveraging AI to have the best of machines and humans, working together – adding value to both.

Read Rich Tehrani's complete insight and analysis at Tehrani.com 




Edited by Maurice Nagle
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Future of Work Contributor

SHARE THIS ARTICLE

Related Articles

New AI-Enhanced Customer Experience and Relationship Solution by Genesys and Salesforce

By: Greg Tavarez    9/28/2023

Using CX Cloud from Genesys and Salesforce allows companies to enhance customer personalization while relieving the IT and analyst teams of developmen…

READ MORE

MiaRec Enhances Conversational Intelligence with Generative AI

By: Stefania Viscusi    9/28/2023

MiaRec's Auto QA empowers businesses to extract maximum value from their customer interactions.

READ MORE

Hybrid or In-Person Work Over the Next Decade? New Data Points to the Former

By: Alex Passett    9/28/2023

A new Future of Work study from Omdia concludes that, while working in person has its value, a vast percentage of companies' employees favor hybridity…

READ MORE

Infosys and NVIDIA Expand Partnership for 'AI First' Offerings

By: Tracey E. Schelmetic    9/27/2023

Digital services and consulting company Infosys recently announced a partnership with NVIDIA.

READ MORE

Egnyte and Microsoft Reinforce Commitment to Hybrid Work with Collaboration Upgrades

By: Greg Tavarez    9/27/2023

Egnyte strengthened its relationship with Microsoft to provide customers with additional real-time document collaboration and sharing features through…

READ MORE