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The term “Gig Economy” refers to a free market system where project work, term contracts, and temporary positions are prevalent. The organizations will hire independent freelancers or professionals for short-term commitments. The term “gig” is a slang word for a job that lasts a specified period was first made popular by musicians or stage performers.
With digital transformation sweeping across various business functions and industries alike, everyone should be concerned about the work of the future instead of the future of their current job. Digital Transformation isn’t just about leveraging technology. It is embracing an integrated strategy for the future, encompassing people, process, and the product with technology as an enabler.
The result is the work of the future is likely to see the formation of permanent virtual work teams, shortening of work weekdays to four instead of five, and shortening of work hours from 8-10 hours per day to 6 a day. Many professionals will find they have more time at hand and the only viable way to earn a higher salary is to utilize the extra time for other gigs.
Though it is believed that with the age of Artificial Intelligence, there will be more jobs created than those replaced, but there will also be many who prefer to carve a niche in the gig economy to achieve work-life integration. The future looks set to facilitate the true fruition of the gig economy.
Gig contractors can be professionals in design, social media content, video post-production, market research, service recovery, translation, copywriting, voice-over, animations, chatbot development, consulting, etc.
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