Newsletter: Signs of the Tech Revolution #13
The hope for better work-life balance is alive and well. An overwhelming 93% of employees in remote-capable roles prefer working from home for at least part of the week. However, simply offering remote options is not enough to ensure employee well-being.
Research from Gallup and Workhuman highlights that putting people first is what truly makes the difference.
While hybrid and remote work arrangements are often associated with improved work-life balance, the data reveals a more nuanced picture. Though fully remote employees report the highest levels of satisfaction with their work-life balance, hybrid and on-site workers share similar experiences—and all groups face comparable rates of burnout.
Hybrid work still has benefits. Hybrid workers are more engaged (37%) than their on-site peers (30%). But hybrid work isn't an “easy button” for employee wellbeing.
To create a thriving workforce, leaders must focus on aligning their support strategies with remote work policies. By prioritizing practices that elevate the human element of work culture, businesses can enhance well-being and engagement across the board, regardless of where employees are located. To read more about Gallup’s research click here.
In this newsletter:
- Perplexity vs Google
- Preparing for AI chip shortage
- Google vs Microsoft cloud business
- The most powerful women in banking
- The partnership for global inclusivity on AI
- Met’s opportunity to win the AI hardware race
- ‘Human skills’ still outpace demand for AI skills
- Legacy car makers falling behind in the software race
- Chip Giants to build Middle Eastern mega factories
- and more...
News #1: ‘Human skills’ outpace demand for tech skills
Companies are increasingly recognizing the value of interpersonal abilities such as leadership, communication, and emotional intelligence. These human-centered skills have always been important but now they are becoming crucial as businesses navigate through complex and dynamic changes.
While AI and tech skills remain important, there is a growing emphasis on soft skills that technology cannot easily replicate. As digital transformation continues to shape industries, businesses are prioritizing a balanced workforce equipped with both technical expertise and strong human skills.
The blend of tech prowess and interpersonal capabilities may well be the defining factor for your future career growth.
News #2: Chip giants discuss building Middle Eastern Megafactories
TSMC and Samsung, the semiconductor heavyweights, are exploring building major chip manufacturing facilities in the Middle East. This move, driven by surging global demand for semiconductors, has the potential to reshape the geopolitical landscape of tech manufacturing.
Discussions are centered around the financial incentives and infrastructural support that Middle Eastern nations can offer. This region's strategic location and resources make it an attractive hub for such high-tech investments. The aspirations align well with their long-term visions to diversify economies and bolster technological capabilities.
News #3: Legacy car makers fall further and further behind in the software race
Tesla and Chinese manufacturers are ahead of other car companies when it comes to creating software for their vehicles. Recently Gartner shared a ranking of auto groups' digital performance, the largest players didn’t even make it to the top 10. The only “old” carmakers that made it were Ford, GM and BMW, but they were in the last positions.
News #4: Prepare for AI chip shortage
Bain & Company warns of an imminent AI chip shortage that could significantly impact industries globally. This stems from increasing demand paired with supply chain challenges.
There's an emphasis on collaboration between enterprises and chip manufacturers to forecast and manage demand efficiently. Proactive steps taken today can pave the way for smoother operations amidst these challenges.
Other News
- Perplexity to challenge Google’s ad network - Read more
- Google files complaint in Brussels against Microsoft - Read more
- Biden, Modi announce plans for a new chip plant in India - Read more
- AI-enabled PCs and laptops may soon be the only hardware choice - Read more
- The most powerful women in Banking 2024 ranking by American Banker - Read more
- Meta has a major opportunity to win the AI hardware race with its smart glasses - Read more
- United States and eight companies launching the partnership for global inclusivity on AI - Read more
- The Department of Justice has filed an antitrust lawsuit against Visa, for locking out rival payment platforms - Read more
- 20-30 percent increase in productivity across the SDLC at large companies using Google’s AI coding assistant - Read more
What does Maxima Consulting do again?
Maxima Consulting helps business leaders get the most out of their project investments through smart process and operations optimization. Tech leaders work with our project teams to tap into the global talent pool and deliver projects on time and within budget. Maxima Consulting is trusted by global banks, logistics companies, retailers, and other leading companies worldwide.
Curious to see how Maxima Consulting can help you get the most out of your tech investments? Meet with one of our consultants to see how we can help.
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