A combination of new ways of working, activity-based settings and multi-locations are beginning to substitute traditional offices, giving way to modern workplaces and new trends are expected to be in line till 2020. Innovation supporting the workstyles of the new age workforce has changed the approach to office design that focused on entitlement has given way to the fulfilment of the workers choice.
The fast evolution of technology is the key driving force of this change, altering traditional models of working. Especially in workplaces, three fundamental shifts that have changed the face of the industry in the last decade are artificial intelligence, mobility solutions, and automation.
Innovation being at the core of success, organisations are choosing to augment the work environment with tech-enabled solutions, giving rise to a new breed of offices that are cool, edgy and interactive like never before. The pace of technology evolution is ensuring that workplaces will see a dramatic shift by 2020.
It is anticipated that by 2020 shared workplaces will overtake the traditional serviced offices. The top three metro cities of Mumbai, Bengaluru, and NCR offer by far the best opportunity for creating shared spaces that will serve the just in time needs of young entrepreneurs, millennials, start-ups as well as global firms with their flexible lease options and location benefits.
The workplace transformation began when the rise of shared workspaces turned the archaic methods of the real estate developers with their age-old customs of lock-in period, security deposit and long-term leases providing an opportunity for disruption by creating ease and flexibility for the customer. Currently, there are a little over 200 premium business centres across the country that are set to double by 2020.
While the commencement of shared workplaces was aided by the demand of entrepreneurs and freelancers, the privileges and utilities of those are no longer enjoyed only by them. SMEs and corporates are now in embracing the idea of shared workspaces that provide conveniences and engagement with like-minded community delivering a superior experience and increased employee productivity. They have realised the fact that shared workspaces tend to be more sociable and less hierarchical than corporate workspaces, which helps encourage employees to engage with other community members resulting in cross-pollination of ideas.