I called my Motor Insurers for a renewal of my Car Insurance documents and if they have a delivery service that could deliver the renewed documents to my office.
The gentleman who picked up the call said, “Sir! we’ve gone Digital and have some of our staff operating from home.
We don’t need to deliver, we will forward the document to you by mail and all you need is to print it out for its useful purpose.
Kindly make payment via electronic means, will follow up with our accounts details”
And i went like;
1. Less Rent payment for multiple Offices – Reduced expenditure.
2. High fficiency to service delivery.
3. Increased productivity.
4. Less Labour demand – Labour Market challenges.
5. High quality Human Capital demand – Enhanced Skill-sets.
6. With the mass introduction of Artificial Intelligence (AI) into industry – Further Labour Market challenge.
The few factors and analysis stated above, gives a clear indication of ;
BUSINESS – ECONOMIC successes at the expence of LABOUR MARKET and SOCIO-ECONOMIC challenges.
1. Rise in Unemployment.
2. Decrease in Economic independence.
3. Possible increase in Poverty levels.
A Case Study for seriouse consideration in the new world order.
SESIL Entrepreneurial Coffee Session Emmanuel Awumee