The Future Of Work

17 July 2020

The world of work is in a state of flux. Technology is fundamentally transforming the way we work, fueling excitement but also anxiety. A prolonged decline in overall employment is unlikely, but society will have to adapt to significant structural changes.

COVID-19 has accelerated changes that were already underway. The COVID-19 pandemic has given businesses an unprecedented opportunity to implement profound changes to the way we work. From digitizing processes and re-shaping supply chains to redesigning offices, the pandemic will leave a lasting legacy. For manufacturers, technology will play an increasingly prominent role in building resilience. As for office work, this will not be the same after COVID-19. Physical spaces will be transformed, and remote working, supported by technology, will become the norm for millions of employees.

Workers worldwide are facing new challenges. With the global economy expected to enter a deep and long-lasting recession, automation will accelerate as companies strive to cut costs, bringing with it renewed fears of job losses. While companies are experimenting with new technologies and ways to redesign their workflows to increase productivity, the impact of automation will be felt differently across job categories and disproportionately affect workers with lower levels of education. Fundamental shifts in the structure of the labor market, such as the polarization of the labor force and the rise of the gig economy, were already well underway before the pandemic but, post-COVID-19, these changes are likely to gain fresh momentum, making the discourse around the future of work and its potential positive and negative effects more relevant than ever.

Winners in the future of work. Our thematic framework for looking at the future of work has five categories: visualization, connectivity, automation, collaboration, and interpretation. Companies developing and adopting the most advanced technologies in each of these categories will emerge as winners in this theme. They include: - Visualization: Microsoft, Facebook, Alphabet, Apple, IBM, Siemens, Oracle, Salesforce, Cloudera. - Connectivity: DJI, Huawei, Ericsson, Intel, Qualcomm, Schneider, AT&T, Parrot, Nokia, Alibaba, Nvidia. - Automation: ABB, Fanuc, Keyence, GM, Baidu, HP, Stratasys, Adobe, UiPath, HP, Tesla, Hitachi, Fujitsu. - Collaboration: Alphabet, Amazon, Facebook, Cisco, IBM, Zoom, Slack. - Interpretation: Facebook, Alphabet, Amazon, Microsoft, Baidu, Ambarella, Hikvision, Clarifai, Megvii (Face++).

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Contents

| PLAYERS | |---------------------------------------------| | OUR FUTURE OF WORK FRAMEWORK | | Visualization | | Connectivity | | Automation | | Collaboration | | Interpretation | | TRENDS | | Macroeconomic trends | | Regulatory trends | | TIMELINE | | MERGERS AND ACQUISITIONS | | COMPANIES | | SECTOR SCORECARDS | | Industrial automation scorecard | | Who's who | | Valuation screen | | Risk screen | | Application software scorecard | | Who's who | | Thematic screen | | VALUATION SCREEN | | Risk screen | | GLOSSARY | | APPENDIX: OUR THEMATIC RESEARCH METHODOLOGY |

Players

Our thematic framework for the future of work has five main categories: visualization, connectivity, automation, collaboration, and interpretation. The table below shows some of the leaders and challengers in each of these categories.

Who are the big players in the future of work theme? Where do they sit in GlobalData's future of work framework?

Leaders
Siemens, Schneider Electric, ABB, Ansys, Bosch, PTC, Parrot, Aerovironment, AVIC, PrecisionHawk, Lockheed Martin, Textron, Schneider, Amazon, IBM, Alibaba, F5 Networks, TIBCO, Huawei, Ericsson, Qualcomm, Nvidia, Nokia, Siemens, Huawei, Ericsson, Nokia, AT&T, Qualcomm, Intel, Bionic System, HTC, Vuzix, Snap, RealWear, Epson, ABB, Fanuc, Microsoft, Kawasaki, Fujitsu, Sony, Alphabet, Amazon, Keyence, Bosch, Hitachi, Aethon, Uber, Cruise (GM), Nvidia, Grab, Ola, Comma.ai, HP, Stratasys, GE Additive, Ultimaker, Renishaw, Protolabs, 3D Bioprinting Solutions, Autodesk, Adobe, Formlabs, Markforged, EOS, Alphabet, Amazon, Cisco, Slack, Dropbox, ALE, Facebook, IBM, SAP, Zoom, Avaya, Spatial, Salesforce, Oracle, SAP, Zendesk, Act-On Software, Odoo, Alphabet, Microsoft, Baidu, BigML, H2O.ai, Dataminr, Alphabet, Samsung, Sony, Magic Leap, Kimera Systems, Ultraleap, Facebook, Microsoft, Apple, Semusi, Cobalt Robotics, Flybits, Alphabet, Microsoft, Amazon, Ayasdi, RapidMiner, Trifacta, IBM, Baidu, Facebook, SparkBeyond, DataRobot, Alteryx, Alphabet, Vuzix, Llvision, RealWear, Selko, Epson, Toshiba, ThirdEye, NuEyes, GE Additive, IBM, Oracle, Microsoft, Dassault Systems, Bentley Systems, Salesforce, Alphabet, SAS, Logi Analytics, Alteryx, Cambridge Intelligence, Microsoft, Cloudera, IBM, Sisense, Anaconda, DVI, DJI, Yuneec, General Atomics, Aeryon Labs, Hubsan, Northrop Grumman, Lenovo, Facebook, Alphabet, Magic Leap, ThirdEye, Sarcos Robotics, Baidu, Alphabet, Tesla, Argo AI (Ford), Cambricon, Horizon Robotics, UiPath, Automation Anywhere, Blue Prism, NICE, Pegasystems, Kofax, Microsoft, Arago, WorkFusion, Adobe, Microsoft, NetSuite, Hatchbuck, Spiro, SugarCRM, Facebook, IBM, Amazon, Cognitive Scale, DeepSense, SparkCognition, Baidu, Tesla, Hikvision, Clarifai, Megvii (Face++), SenseTime, Amazon, Alphabet, Ambarella, Aeye, Cerebras, Catchoom.

Our Future Of Work Framework

The following framework highlights the technologies that are disrupting the way we work. The future of work will shape both factories and offices, encouraging greater collaboration between humans and technology, and empowering workers with new digital skills. In the background, the increased use of technology is bringing about profound political, economic, and social change, especially visible in the gig economy and the issues it raises, the debate around greater automation, and the increased mobilization of tech workers. Each category below focuses on a specific role that technology can play, but, in reality, the future of work will involve the intersection of multiple technologies, to the extent that the boundaries between these categories become blurred.

GlobalData's future of work framework includes five categories: visualization, connectivity, automation, collaboration, and interpretation.