Hybrid workplaces drive application development

The coronavirus has changed the way we work during the pandemic and how we will work in the near future. The percentage of staff that only work from home has risen rapidly to an estimated average of 34%. in Europe and 35 percent. in the US, contributing to challenges for many organizations. Before the Covid-19 pandemic, many organizations were reluctant to allow their employees to work from home on a regular basis because they were concerned about the impact of such work on productivity.

About the author

Ben Laidler - global markets strategist in eToro. Capital investment manager with 25 years of experience in the financial industry, incl. at JP Morgan, UBS and Rothschild, including over 10 years as the # 1 investment strategist in the Institutional Investor Survey. Ben was the CEO of the independent research firm Tower Hudson in London and previously Global Equity Strategist, Global Head of Sector Research and Head of Americas Research at HSBC in New York. He is a graduate of LSE and Cambridge University, and a member of the Institute of Investment Management & Research (AIIMR).

Research showed that home workers spent less time avoiding work (a difference of 15%) and spent a total of 1,4 more days working each month while taking more breaks. Workers in the home environment report that they are less distracted by their co-workers. They spend 30 minutes less talking about non-work related topics and 7% less. less time talking to management. Not having to travel was one of the most important time-savers. An employee saves an average of 8,5 hours a week due to the fact that he does not commute to work. Annually, it is as much as 408 hours.

Hybrid work as a standard?

So it's no surprise that many companies are considering a hybrid work environment that allows 2-3 days of remote work and the rest in the office. As it shows questionnaire 400 leaders in the IT industry, a hybrid workplace is a priority and most IT leaders are optimistic about its future - 57 percent. say they are excited, and 44 percent. indicated that this is a step in the right direction.

Still, this model presents new challenges, such as seamlessly integrating those working from home with teams in the office to avoid discrepancies, isolation or loss of knowledge. Management is turning to technology to find solutions to this.

IT managers have determined Microsoft 365, Google workspace and Zoom as the most influential applications their organizations use. Video conferencing has been identified as the most important tool organizations have relied on over the past year (32%), confirming Zoom's impact on the new work environment.

On Monday night, Zoom Video Technologies announced earnings of $ 1,36 per share and revenue of $ 1,03 billion, exceeding analysts' expectations. This report showed persistence of earnings - it was the first billion-quarter - but news from management warning of weaker future growth resulted in a fall in the after-hours stock price. Profits increased by 54 percent. year-on-year, but the year-on-year growth recorded was the lowest since the company became a public company. Zoom's foundations remain strong, with high profitability and an ever-growing customer base. Number of clients generating over 100 thousand. $ 12 in final 2-month revenues increased by 278 percent. Every year. Following the cosmic growth in 131, we are starting to see a slower year-on-year growth rate, but Zoom's core customer base continues to grow.

Cloud market in bloom

Among other tools that organizations have used is infrastructure in the cloud (23%), such as Microsoft Azure, Amazon Web Services, Google Cloud, etc., office suite applications (11%), such as Office365, G Suite, Dropbox Paper, etc., and specialized software (11%), such as Salesforce , Adobe, etc., which shows that Cloud, video conferencing and team management technologies will likely continue to grow. 73 percent leaders in the IT industry pointed outthat the use of SaaS (software as a service) applications has increased over the past 12 months. Most organizations use between 100 and 1000 SaaS applications on their network. Over 83 percent IT industry leaders anticipate additional costs in the future associated with implementing and maintaining new ways of working.

In light of the rapid increase in cases of the Delta variant around the world, hybrid work is likely to stay with us longer, allowing you to move from work from home to work from the office and back again. Corporations see reduced property expenses and employees see a higher quality of life by avoiding travel between home, work and home.