Can Innovation Decide the Fate of Your Enterprise?

The world is changing, and nobody knows it better than the people in the IT field. As an IT professional, you are surrounded by transformational scenarios every day. Consequently, it is likely to alter you and your company’s fate in the longer run. However, it is crucial to understand that the value of your talent and product does not entirely depend on its merit. Your business market plays an equally crucial role. In his article for Digital Tonto, Greg Satell talks about the different professions that might lose their value or be incredibly popular in the future.

An Era of Disruptive Economics

Satell mentions that the first consumer product that put entrepreneurship on the map of humanity was most likely a hand ax. From there, the world saw the advancements of factories. Eventually, this lead us to the digital age. Now you see the digital era being superseded by quantum computing, neuromorphic chips, and synthetic biology. The global economy continues to shift accordingly.

Acknowledging Opportunities

It is often said that change is the only constant thing in the world. Industrialization displaced several employees. On the other end, it benefitted society as a whole, including the laid-off employees. The same situation arose during the age of digitization, and it is most likely to happen in the future on a bigger scale. To tackle that, you need to be adaptive to the changing times and understand the market. Satell suggests that the market would soon witness a distinction based on jobs requiring strategic or repetitive execution. Future jobs will heavily rely on critical thinking, emotional intelligence, and self-awareness.

Instilling Collaboration

There are certain things that AI and automation do impeccably. Humans cannot possibly deliver the same level of accurate data at the same speed. But machines, on the other hand, do not know how it feels to have a sip of coffee and get your tongue burned. These small details connect humanity. To get the best of both worlds, businesses need to balance artificial intelligence and emotional intelligence. As Satell puts it, “The ultimate skill is no longer knowledge or proficiency in a particular domain, but to build a shared purpose with others, who possess a diverse set of skills and perspectives, in order to solve complex problems.”

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