The concept of work has transformed radically from the four walls of an office into the new world of co working. It has led people and businesses to explore different facets of work that brought out more productivity and efficiency. Co working allows using a single office space by different businesses and individuals for their work and share the resources. This has numerous benefits as the highly collaborative community and infrastructure will certainly aid in enhancing the productivity and well-being.
The rapid rise of co-working spaces in Chennai has transformed considerably and has evolved to accommodate newer changes as well. Many of the external trends and factors contributed to this growth of co working. These trends will surely influence the future of co working. Below are various trends that influence co working and its future.
Millennials and Digital Nomads
Currently, millennials comprises a significant portion of the workspaces around the world. Studies indicate that this will double in the coming years with millennials expected to take about half of the workforce in an organization.
The millennials have also brought with them a new and utterly dynamic concept of work, which they equate as part of their lifestyle. This has led to a new concept of work that lets the individual not confined to a single office space but letting them explore places while contributing to the productivity of the company.
Co working has clearly addressed the needs of millennials and digital nomads. It provides them with a shared office space with the right connectivity means and interactive community that helps them achieve more.
Support from Corporations
Nowadays, even large corporation and other organizations make use of co working and they seem to have arrived at positive conclusions regarding the many benefits of co working. Due to this, many corporations have begun to endorse co-working spaces in Chennai, the result of which has contributed to the growth of co working as a reliable way of work in the future.
Corporations are carrying out an extensive redesign of their office spaces much like a co working space. This includes creating a dynamic community, democratized workspace, and the provision of latest technologies. All this has helped them attract talented individuals with expertise in different fields.
Growth of Technology
The increasing growth of technology has considerably aided in the growth of co working. It has made work much simpler along with the generation of highly profitable output. Most of the co-working spaces in Chennai now employ high-end technologies for carrying out their daily work that creates a balance between automation and human labor. This enriches the work experience while also influencing the efficiency of a company greatly.