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Transcending into a digital world

Published: 31 Jan 2018

Nothing is permanent, except change. Isn’t it?

We are living in this era of globalization and digitalization and increasing prospects of companies all over the globe to renovate office administration and management from outdated book-keeping office administration process to technology integrated (digitalized) company management with the objective of zero paper usage policy.

Every company is embracing advanced technology trends and integrating such trends into their workflow with the objective to accomplish jam-packed digitalization of each and every process to condense manual efforts of people in workflow and sustain the go-green (zero paper usage) policy.

With the advancement of technology, companies are more inclined towards generation of digital workspaces. The digital workplace is a concept that describes how technology is increasingly creating a virtual equivalent of the physical workplace, and how that trend allows businesses to renovate traditional processes and increase efficiency.

Digital workspaces will certainly benefit companies in commendably operating diversified work process, instrumental in enhancing company productivity, meritoriously contribute in rendering services to its clients and aid companies in attaining absolute client satisfaction and dynamically upkeep its employees to accomplish their work assignments.

Every company will have its own proportion of digital employees and non-digital employees. The challenge for companies is to integrate the digitalized technology into non-digital employees work process as there is lack of awareness about technology among non-technology groups.

In order to condense such gap of technology awareness in non-digital employees - companies are beholden to integrate digital technologies (automation, Internet-connected devices, and online communication tools) into work process.

Adoption of digital technologies itself won’t serve the object of bridging the gap of technology awareness amid non-digital employees. Companies need to invest time in training its employees until they are well acquainted with the operating mode of the digital technologies.

In coming years, companies will witness new hiring trends as most of candidates joining workforce are having mobile and technology savvy background. It is obvious for companies to embrace mobile digital workplaces and Bring Your Own Device (BYOD) into their work culture or else it will be very difficult for companies to attract best people in this domain.

It is evident that companies across industries need to keep an eye on emerging technologies and be open minded to embrace and integrate the advanced technologies into their work culture for commendably competing with its business contemporaries, retaining its top talent and holding its existing clients and acquire new clients – ultimately to emerge as a key player in its domain at international level.

Research inputs by Paruchuri Baswanth Mohan


About the author :

Bhumesh Verma is a lawyer with over 2 decades of experience in advising domestic and international clients on corporate transactions (M&A, Venture Capital, Private Equity, Startups, corporate advisory, etc.) and features in "The A-List - India's Top 100 Lawyers" by India Business Law Journal. He keeps writing frequently on FDI, M&A and other corporate matters and is a guest faculty as well. He can be reached at bhumesh.verma@corpcommlegal.com.

Firm: Addleshaw Goddard

Practice Area: Trade & Customs

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