The world of work is changing rapidly, and Pakistan is no exception. In recent years, the gig economy has grown significantly in Pakistan, as more and more people are choosing to work as freelancers or contractors. This trend is being driven by a number of factors, including the rise of technology and the poor standard of education in Pakistan. The poor standard of education in Pakistan, and the lack of job opportunities.
Automation and AI are already having a significant impact on the workforce, and this trend is only going to accelerate in the years to come. Many jobs that are currently done by humans will be automated, which will lead to job losses in some sectors. However, AI will also create new jobs in other sectors, such as software development and data science.
The Rise of the Gig Economy
The gig economy is a term used to describe the growing number of people who are working as freelancers or contractors. These workers typically complete short-term projects or tasks for different clients, and they are not typically employed by a single company.
There are a number of factors driving the growth of the gig economy in Pakistan. First, the internet has made it easier than ever for people to find and connect with clients. Second, the poor standard of education in Pakistan means that many young people do not have the skills they need to get traditional jobs. Third, the gig economy offers more flexibility and freedom than traditional employment. On the one hand, it can provide new opportunities for young people to earn a living. On the other hand, it can also lead to problems such as job insecurity and a lack of benefits.
The workplace is become more globalized, flexible and more collaborative the workers have more control over their work hours and location. Workers need prepare themselves for the challenges and opportunities that lie ahead accordingly.
The Rise of Technology across globe and its landscape
One of the biggest drivers of the gig economy is the rise of technology. Technology has made it easier than ever for people to find and connect with clients, and to complete tasks remotely. This has opened up a whole new world of possibilities for people who want to work independently.
As per research published by mckinsey “The top trends in tech” By 2025, we estimate that 50 billion devices will be connected to the Industrial Internet of Things (IIoT), while 70 percent of manufacturers are expected to be using digital twins regularly (by 2023). Gartner says Some 70 percent of new applications will use LC/NC technologies by 2025, up from less than 25 percent in 2020. According to Bloomberg, in report published on December 1, 2021 – The global metaverse revenue opportunity could approach $800 billion in 2024, up from about $500 billion in 2020. This proliferation of technological innovations means we can expect to experience more progress in the next decade than in the past 100 years combined, according to entrepreneur and futurist Peter Diamand and Steven Kotler, in the book “The Future Is Faster than You Think”
Tech literacy becomes core to every role, requiring learning to be continuous and built at the level of individual skills that are deployed at the point of need.
As innovation reaches its limits and a culture of continuous learning becomes ingrained in an organization and individual’s life, the role of IT undergoes a profound transformation. IT can no longer suffice; instead, it must adapt to support the dynamic environment at the edge of progress.
The Poor Standard of Education in Pakistan
Another factor that is driving the growth of the gig economy in Pakistan is the poor standard of education. The education system in Pakistan is not as good as it could be, and many young people do not have the skills they need to get traditional jobs. This has forced many young people to turn to the gig economy as a way to make a living.
The government and educational institutions in Pakistan need to take steps to ensure that young people are prepared for the gig economy. This includes providing them with the skills they need to succeed in the digital age, as well as ensuring that they have access to social safety nets.
The Importance of Education and Knowledge in Pakistan
In the future, education and knowledge will be more important than ever. The jobs of the future will require skills in technology, problem-solving, and creativity. Young people who are prepared with these skills will be well-positioned for success, we need to adopt a perpetual-learning culture.
In addition to traditional academic skills, young people will also need to develop soft skills such as communication, teamwork, and critical thinking. These skills are essential for working in a globalized and interconnected world.
The demand for skills in technology and data is growing rapidly. This is because these skills are essential for businesses to succeed in the digital age. As a result, there will be a growing need for workers with these skills in the future.
The government and educational institutions in Pakistan need to invest in education and training for young people and teacher’s as well as most of them are teaching outdated curriculum. This will help to ensure that they have the skills they need to succeed in the future economy.
If done correctly, the gig economy can be a force for good in Pakistan. It can help to create jobs, boost the economy, and give young people the opportunity to reach their full potential.
Need to adopt concept of the need for lifelong learning
The pace of technological change is only going to get faster, so workers will need to be able to adapt to change quickly. This means that lifelong learning will be essential for workers in the future. They will need to be able to learn new skills and adapt to new technologies on an ongoing basis.
Tech Trends in 2023-2024 Everyone in Pakistan Must Be Ready for – No escape
In addition to the skills and education mentioned above, it is also important for businesses and individuals in Pakistan to be aware of the latest tech trends. Some of the most important tech trends that are expected to shape the future of IT and business in Pakistan in 2023 include:
The tech industry is constantly evolving, and it is important for businesses and individuals to stay up-to-date on the latest trends. In 2023-2024, some of the most important tech trends to watch out for include artificial intelligence (AI), blockchain, 5G, the Internet of Things (IoT), and cyber security. There are a number of ways for Pakistanis to learn the skills they need to succeed in the gig economy. One way is to take online courses. There are a number of websites that offer online courses on a variety of topics, including AI-as-a-Service, Genomics, DevOps, 5G, Artificial Intelligence (AI) and Machine Learning (ML), Internet of Things (IoT), Internet of Behaviors, and Edge Computing.
As AI is already being used in a variety of industries, and its use is only going to grow in the coming years. Blockchain has the potential to revolutionize a number of industries, including finance, healthcare, and supply chain management. 5G is the next generation of cellular network technology. Whereas Cyber security is more important than ever in the digital age. As businesses and individuals become more reliant on technology, they are also becoming more vulnerable to cyber-attacks. It is important to take steps to protect your data and systems from cyber-attacks.
These are just a few of the tech trends that are expected to shape the future of IT and business in Pakistan in 2023. By staying up-to-date on these trends, businesses and individuals can position themselves to succeed in the years to come.
The Future of Youth & Work in Pakistan is Bright
The future of work in Pakistan is bright. With the right skills and education, young people in Pakistan can have a successful and fulfilling career. The gig economy offers new opportunities for young people to gain experience and build their skills. With hard work and dedication, young people in Pakistan can achieve their dreams.
The pace of technological change is only going to get faster, so successful technology leaders will need to be able to adapt to change quickly. They will need to be able to adopt new technologies as they emerge and make them work for their businesses. They will also need to be able to create a culture of continuous learning and innovation within their organizations.
“The tech industry is constantly evolving, and it’s important for businesses and individuals to stay up-to-date on the latest trends. By doing so, they can position themselves to succeed in the years to come.”