New management eBook: AI-Driven Productivity Hacks - A Guide for Managers, Employees & HR Professionals. Unleash AI in the workplace. Packed with practical tips, case studies & AI productivity hacks, This new on-demand eBook will revolutionize your productivity using AI. More: Generative AI, The Future Of Work, What Are On-Demand eBooks (short video)? & What Are Short Videos (short video)? What is included in the 'AI-Driven...
26% of European Tech Firms to Cut Jobs Due to Generative AI With ChatGPT According to a survey conducted by Sortlist Data Hub, it has been found that 26% of European software and tech companies are planning to reduce their workforce due to the emergence of ChatGPT and ChatGPT-based apps. Finance companies also face a potential decrease in jobs, with 22% of them considering the same action. Interestingly, while 23% of tech workers perceive...
Approximately 300 million full-time jobs worldwide could be automated in some way by the latest wave of artificial intelligence, of generative AI, that platforms such as ChatGPT have brought about, according to economists from Goldman Sachs. They predicted in a report on March 29, 2023 that 18% of work worldwide could be automated, with the effects being felt more deeply in advanced economies than in emerging markets. This is partly because...
In today's ever-evolving world, the Online Gig Economy has become a game-changer for those seeking new opportunities and financial stability in the light of the great AI-Layoff for instance. But what exactly is the online gig economy? Within this dynamic realm, independent entrepreneurs have found a lucrative path where their efforts are rewarded. Instead of a traditional wage, you can earn income based on each successful "online gigs" you...
Introducing The Great AI Layoff: Unlocking New Opportunities in the Future of Work. Since the second half of 2022 and the launch of ChatGPT, a transformative trend has emerged in labour markets offline and online worldwide: The Great AI Layoff. But instead of fearing this shift, let's explore the substantial benefits and outcomes it can bring when we approach it with the right mindset and actions hybrid working and working from home: What is...
According to Mastercard's 2023 study, the global online gig economy is expected to grow by 17% to $455 billion in 2023. This growth is being driven by a number of factors, including the increasing popularity of online platforms, the growing demand for flexible work arrangements, and the rise of the digital economy. Mastercard's 2023 report, "Fueling the Global Gig Economy," explores the growth of the gig economy and how real-time, card-based...
What Is The Law of Diminishing Firms? According to the so-called 'Law of Diminishing Firms', introduced by Downes and Mui in , the well-known ICT-related laws of Moore and Metcalfe have reinforced each other. The Law Of Diminishing Firms states that companies can become smaller and smaller by using ICT and digitally transform themselves in an integrated way from a traditional hierarchical business organization to a virtual organization. As most...
What Is A Virtual Organization? one of the great myths from the Industrial Revolution is that your organization has to grow into a bulky large organization with many management layers if you attract and have to serve more customers. In our current time of the Internet, fast bandwidth and smartphones, that is actually no longer the case. Why? You can grow and scale using ICT with the virtual organization as organizational design. Just like...
