I'm the founder of FutureWork IQ where I spend my time assisting businesses to design digital workplaces or “offices in the cloud.” These environments enable companies to allow flexible and remote working for their teams. I also teach the digital literacy, fluency, communication and collaboration skills needed to work in these modern technology-rich workplaces.

The simple answer is there are huge benefits from doing so! In a series of posts over the next while we will explore what these are and provide you with examples of companies who are already experiencing these.

One of the benefits of having a digital workplace is a reduction in OPEX (operating expenses) and this is well illustrated by CISCO who were able, in a 5-year time frame, to save $196M in operating expenses as a direct result of evolving their traditional workplace into a digital one.

cisco office

Here is a bit of background to their story.

They currently have an employee base of just over 80,000 and occupy just over 2 million sq. m of office space in 94 countries. With the design of their digital workplace, they have transformed how this workforce works and from where. Interestingly, although they had increased their workforce by 20% during the last 5 years, their real estate portfolio, over the same period, decreased by 30% which came from workplace optimization and being able to close 239 buildings (which generated $294M in sales) and saved them $196M OPEX as mentioned earlier. Those savings are not to be scoffed at! (Read the full story here)

The question is how much would your business save in operating costs by designing a digital workplace? How could you use the funds saved? Could it mean the survival of your business as we navigate through our junk status?

Of course there are numerous other very important benefits that come from creating a digital, collaborative, flexible workplace. One of these is the ability this gives a business to attract and retain the best people. Look out for our coming updates on this particular topic.

(As always, if you would like to discuss how you could design a digital workplace reach out to us to start the conversation)