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Peter du Toit
Chief Future Officer at FutureWork IQ
Chief Future Officer at FutureWork IQ

Peter's posts

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#AugmentedReality is set to dramatically change our relationship with screens especially with the arrival of head mounted displays (similar to HoloLens but smaller and more compact)

Apple is clearly wanting to position itself ahead of this mega trend.

This technology is going to dramatically change the way we work.

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By 2020 #DigitalLiteracy (vs computer literacy which is a give in 2017) will become an essential workplace skill. Great to see that some governments are seeing the need to change the education system to ensure the workforce of the future has this as a basic skill set.

In our work in SA digital literacy is found to be sorely lacking in many businesses.

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Will the Gig Economy Make the Office Obsolete? The short answer for most knowledge workers is yes.

As smart companies become digital, the need for offices is dramatically changing and the workforce is transforming. Interesting that the sweet spot seems to be a combination of remote work and co-working.

Prediction: by 2020 most smart businesses will have completely transformed from where they work.

This is a great read.

From the article:

"Study after study after study demonstrate that independent, remote workers are more productive, satisfied, and engaged than their office-bound colleagues. Recent surveys of 8,000 workers by McKinsey’s Global Institute and nearly 900 independent workers by Future Workplace and Field Nation find that those workers, freed from the constraints of office life, report higher levels of satisfaction and greater productivity. These results aren’t surprising since remote work eliminates the wasted time of commuting, the stress of constant exposure to office politics, and the death of the workday by a thousand paper cuts of interruptions and meetings."

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There are a number of things that companies who are leading in their #digitaltransformation do which those who are lagging behind don't.

It's clear that the formal economy is splitting into two. Those that are transforming and those who aren't.

This from the McKinsey Quarterly 2017 report:

"Further, 49 percent of leading companies are investing in digital more than their counterparts do, compared with only 5 percent of the laggards, 90 percent of which invest less than their counterparts. Leading companies not only invested more but also did so across all of the dimensions we studied. In other words, winners exceed laggards in both
the magnitude and the scope of their digital investments (Exhibit 7). This is a critical element of success, given the different rates at which these dimensions are digitizing and their varying effect on economic performance."

How does your business rate when you compare your strategy to the leaders?

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Many have asked us for access to the audio of the Facebook Live interviews we do so they can listen in the car or elsewhere where video is not appropriate. Here is a link to our audio channel on SoundCloud. Follow us there for all our audio updates.

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This is an excellent read. And it speaks to the theme of our times. This we believe is a question every business needs to be asking. Please understand we are facing unprecedented times and digital is changing everything! What is your #digitaltransformation strategy? Do you have a roadmap?

"Yet there is a big fear gnawing in Germany, stalking its corporate boardrooms and keeping its politicians up at night, that the forces of digitisation could sweep away the country’s economic and industrial pre-eminence."

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Take a look at this interesting infographic from the folks at Wrike. #RemoteWork is one of the advantages of digital transformation.

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We agree with the sentiments in this piece. The benefits sitting on the other side of #digitaltransformation (which can be daunting) is worth all the effort of going through the process.

Companies that do evolve are currently, on average, 26% more profitable than their industry peers.

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The ability to change as a result of the massive disruption being caused by the technologies of the 4th Industrial Revolution is a given. However, many companies suffer from a "frozen managment."

Overcoming this is crucial for survival. This is a great read! #futureofwork

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For #remotework to be successful the right technology and workflows need to be in place. We think the arrival of virtual workspaces will be made possible by VR. Facebook is already testing these.
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