"Digital Workplace Transformation - Arjun Vishwanathan, Independent Consultant at Poly, Shaping the BFSI Sector's Tech Landscape at the Technology Conclave"
In today's rapidly evolving world, the digital paradigm shift is reshaping the way businesses operate. This transformation is a response to the changing needs and preferences of the workforce, particularly the millennial generation.
The digital paradigm shift is characterised by the increased use of digital technologies in business operations. This shift is a global trend affecting various industries, moving away from traditional brick-and-mortar models that are now considered outdated and unsuitable for the future.
One notable example of this transformation is Myntra, an influential company in the fashion industry. Myntra is utilising Artificial Intelligence (AI) and Machine Learning (ML) to develop new wardrobe styles, demonstrating how digital technologies are revolutionising traditional industries.
While the company driving the digital revolution with AI and ML is not explicitly named in the search results, prominent companies involved in AI advancements include OpenAI (developer of ChatGPT) and Nvidia (provider of critical AI hardware). Both of these companies are playing significant roles in enabling AI-driven digital transformation and new work possibilities.
The millennial workforce, a significant driver of the digital paradigm shift, prefers digital methods over traditional methods. Approximately 30% of the current workforce is capable of working remotely from any location, a testament to the growing preference for flexible work arrangements.
A significant number of organisations today prioritise innovation and recognise the importance of a digital workforce. The digital paradigm shift is a significant change in the way businesses interact with their workforce, transforming the way we work and live. This shift is not just a trend, but a fundamental change that is here to stay.
