2016 is shaping up to be another big year in Canadian technology. In this series, OpenText CEO Mark Barrenechea highlights his predictions. Today, he looks at Millennials.
In 2016, we will see Millennials enter management-level roles.
These young leaders will radically restructure all aspects of business—from productivity tools to HR policies (like working from home and remote offices), and organizational structure to corporate cultural—essentially reinventing the workplace as we know it.
As managers, Millennials will be in a position to transform corporate culture, accommodating expectations like social media freedom, device flexibility, and a high tolerance for risk taking. Innovation will be a key competitive differentiator and its application will be based on new ways to collaborate that include crowdsourcing and co-creation with customers. Communication will be open, two-way, and always “on.”
The office of the future will take root in 2016. Holographic images, interactive surfaces, and video conferencing will begin to replace the boardroom in earnest. The mobile office will replace the cubicle and work and life will reach an equilibrium and intermixing we haven’t seen before in this digital age.
As Millennials undergo a professional “coming of age,” the enterprise will follow suit. Culture will be a determining factor for failure or success in the digital world. Millennial managers will pull from a global pool of talent, hiring the best employees from around the world to create highly skilled, dispersed teams.
Organizations with cultures that can attract (and keep) top talent will emerge as winners, changing the game and disrupting traditional business models—and even entire industries.