India's real GDP growth is projected to average 6.3% annually in FY 2021-30, and is on track to overtake Japan and Germany to become the world's third-largest economy (in nominal US dollar terms).
Real income per capita is projected to achieve significant average growth of 5.3%, with Indian households becoming the greatest spenders among G20 economies.
Indian macro policy has three goals:
reducing import dependency,
providing the labor force with suitable employment opportunities,
and creating a more viable market for domestic and foreign investors.
Dealing with the rest of the world is a key strategy with specific plans to deal with each country .
There are somebig shifts that are underlyingpervasive change - which seems to be manifesting in massive layoffs in the tech sector .
With Meta - Facebook, Amazon , Google and Twitter facing laying off tens of thousands of people .
There is a shift t
Steve Hatfield, Deloitte Consulting LLP’s Global Future of Work leader, Robin Jones, leader of its Workforce Transformation practice, and Susan Tohyama, executive vice president and chief human resources officer at human capital management (HCM) software provider Ceridian, discussed the ramifications for organizations as they plan for the workforce of the future and Katherine Noyes, senior writer, Deloitte Insights for CIOs shares some interesting insights
The nature of work itself is changing.
“We’re moving from a heavily process-based model to agile teams where people work on specific projects and work outcomes,”
AI and technology will replace menial tasks - and the workforce will be flexible - with workers needing to constantly upskill and reskill to be an effective part of a team - enabling them to move around internally and externally in a more agile, dynamic way to meet the needs of the business.
Simon Dewar of BSI Digital believes this agile hybrid way of bringing together teams to work on specific projects to achieve a specific outcome is the way of the future !
Workers need to become life long learners
Being able to learn how to learn - focussing on the specific skills needed for upcoming organizational projects.
The tool to make this happen, says Simon Dewar of BSI Digital is ‘Micro-Accreditations’ With just-in-time skill building.
“Micro-accreditations,” or short bursts of highly targeted training. Employers are able to tap a broader pool for recruiting. They can use micro-accreditations to teach them on the job.
They don’t necessarily need to have the experience—just a desire to learn and the ability to learn how to learn
This paradigm shift is creating a free mindset of both the employee and employer
Employees
Employees are feeling that they are free agents with Increased flexibility, freedom, and personalized experiences that are more mission- and purpose-driven.
The price - - less job security
Employers
Employers are looking to employ on an as needs basis as - elastic hiring- being able to access a project-based talent marketplace aligning individual skills with projects and company goals and moving employees around within the organization as needed.
The price - a potential loss of IP from people with a deep knowledge of the process.
Welcome to the NEXTTECH revolution says CEO of NEXTTECH Learning - Cassandra Parton
Mike Bryer Zapper CEO Mike Bryer says his passion over the past 20 years has been in the delivery of digital and e-commerce experiences to end users.Many people are familiar with the Zapper brand – it offers contactless payment options in restaurants and at many other points of sale, along with loyalty and rewards programmes.“My role in the enablement of commerce through digital interfaces – by mobilising teams to efficiently deliver quality experiences – has been one of searching for the best formula to organise and motivate people to produce their best,” he says in this IT Leadership Series interview with TechCentral.“Driving a minimalist mindset to declutter the experience and simplify the technology stack is key to a successful digital product — and nothing beats talking to your customers for guidance and feedback on what they value.”TechCentral posed a few questions to Bryer.
What does your company do?
Zapper customers can perform contactless payments via QR codes, and receive loyalty and rewards digitally from Zapper merchants. Merchants can also accept tap-to-pay card payments from their Zapper merchant app.
What do you see as the IT leader’s top priorities in 2023?
Security remains the top priority to ensure customer data is protected and merchants receive their funds. Availability of services 24/7 is critical as customer and merchant expectations are that digital services will always be available. Customer experience is the next priority as this is key in our competitive industry.
What do you most admire in business and why?
Firstly, business models that allow a business to scale without needing a large staff compliment. Secondly, businesses that are able to execute at speed without compromising the integrity of the business or customer service. Finally, as a business grows, maintaining a healthy company culture is a tricky task, so is also something to admire when leaders get it right.
How do you attract and retain talent?
A business needs a strong vision and a sense of why it exists and the customer pain points it aims to solve in order to attract the best talent. Top staff want to be part of something they will be proud to discuss with their family and friends over the weekends. Retaining staff is about listening, engaging and investing in the talent so that your can apply their energy to the most relevant challenges that will stretch them and allow them to learn and grow.
If you could go back and give your 18-year-old self one piece of advice, what would it be?
Make sure you understand where your passion lies and then find the best mentor you can to help you along the way. Set a goal, listen to your mentor, and work hard and smart. Rinse and repeat.
What’s your favourite productivity hack?
Do not multitask – focus and complete one thing at a time. Get really good at prioritising urgent vs important tasks.
What occupation (other than your own) would you like to try?
Professional sports – it seems like an awesome way to spend each day.
Where do you see the technology industry heading in the next three to five years?
We will see the prevalence of AI in products we consume and use every day and not even be surprised by the way in which companies implement AI to learn customers’ behaviours and respond. Blockchain will start delivering real business value. The debate over remote work will settle into a well-recognised hybrid pattern where management and staff no longer arm-wrestle over full remote vs office-bound environments. 5G data speeds will empower industries that previously would be unable to operate in a distributed manner, such as medical surgeries that could be performed by surgeons working from home. IT security will continue to be a running battle between attackers and defenders, where the humans remain the weak link in the chain. Larger premiums will be paid for those engineers with conceptual and execution skills.
What is one book you’d recommend to our audience and why?
Building an effective pricing strategy can make a huge difference to whether an organisation is able to achieve its growth ambitions. Monetisation is the most effective lever of profitable growth (4 times more effective than acquisition), yet companies spend less than 10 hours per year on this critical piece of work, consequently leaving huge amounts of money on the table by way of uncaptured value. For SaaS companies, the stats are even worse, with an average of only 6 hours spent on pricing strategy over the life of the business!
Most companies are not using pricing to its full potential. We all know pricing is important, but because it is complicated, and often intimidating, we choose an overly simplistic approach.
Ayon Bhattacharyya presented a Monetisation & Growth Framework for Disruptive Subscription Companies Focused on Scaling.
The talk was held on 27 October 2022 AND then followed by a thinktank with members of our Nexttech Transformation Forum – who shared their insights on how Ayon’s strategies could help them and their clients.
Here is the playlist.
Ayon Bhattacharyya’s brief biography
Ayon is an experienced Revenue Leader and Monetisation & Growth expert with significant success in unlocking profit and growth potential through value innovation, positioning, packaging, and profit-optimal pricing strategies. Ayon is a CIMA qualified accountant and recently gained his Executive MBA from a US-based business school. Drawing upon two decades of business leadership experience within the corporate sector in the UK, Australia, and NZ, with brands such as Westpac, Hoyts, Trade Me and Equifax, Ayon now works with CEO’s, business owners and senior executives of mid-sized disruptive growth companies to assist them with finding and monetising their competitive advantage.
As the founder of consulting firm Biz Growth Spurt, Ayon has a strong track record of helping tech & SaaS companies win more business at higher prices, achieving significantly higher valuations by improving their pricing power.
