Gig Technology: Impact on the 21st Century

This assignment analyzes Gig Technology, a key aspect of the evolving Gig Economy. It examines how this technology is transforming various sectors like education, finance, and legal frameworks while also discussing its implications for female entrepreneurship and the future of work.

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Gig a New Technology

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Introduction
Gig Technology is an important aspect of Gig Economy that is emerging in the corporate sector
as an effective and productive technology. In this concern, the report is evaluating the Gig
technology in terms of adjusting to a new technology in the 21st century and its implication in
different terms.
Gig a new Technology
In the present business environment, Gig Technology is an emerging technology in gig economy,
which refers to the environment in which an organization may deal with self-governing workers
for short-term arrangements. In the 21st century, the gig technology is rapidly emerging industry
because it provides flexible work environment for the professional. ‘Gig economy’ is also known
as ‘sharing economy’ in term of technology because both of the economies are based on the use
similar technology but have some difference. In sharing economy, the government, organizations
and individuals access the goods and services among the community through online platforms
but in gig economy the workers track the work on their interest, availability and location through
online platform (Friedman, 2014). Ultimately, the gig technology is defined as an environment,
where the organizations provide flexible job opportunities towards hiring of freelancers and
independent contractors. It works through various online platforms where the interested workers
can get work based on their interest and related field.
This economy is compared with barter economy in which the goods and services are mostly
exchanged to receive values in new way for effective results. In this way, the social norms and
the traditions govern exchange of gifts for values. Therefore, barter economy is similar to gig

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economy in terms of creating values and almost has no any differences to gig economy. In both
economies the values are exchanged to promote the workers as well as the customers.
Additionally, the peer economy is almost different to gig economy and has no similarities in any
concern (King, 2014). Because the peer economy is a decentralized form where the individuals
are interrelate directly with each other to buy and sell goods and services without intermediation
of third party. But the gig economy involves third party to provide work and services to the
needed person.
As well as, the term “On-Demand economy” is also similar to gig economy, which defines
economic activities that are created by the technological organizations to fulfill the consumer
demands. On-Demand economy drives its services by the use of efficient and instinctive digital
web of top infrastructure networks. As gig economy, the term On-demand economy is
revolutionized the commercial behavior around the world. On the other hand, the term “access
economy” is different from gig economy because this kind of economy refers to leasing of things
provisionally rather than selling permanently (Richardson, 2015). But, it is also similar to the gig
economy as it is used to connect with employers for short term employment opportunities.
Role of Gig Technology in the present economy
On the basis of above discussion it can be identified in terms of benefits, office space and
training the Gig technology plays big role in present economy. In this concern, different terms
that are affected by gig technology discussed as below:
Corporate and organizational culture: As Gig economy is also known as sharing economy,
which is changing the scenario of business operations. The Gig technology is becoming helpful
for the corporate and organizational culture to expose workers for with opportunities. In the

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present context, gig economy changed the workforce and employee relationships in different
way (Graham et al., 2017). Through Gig Technology the workers provide their services with
flexible working environments.
Educational Sector and Knowledge Management: The Gig Technology is helpful in hiring
freelancer talent that will help them to find people with the admirable qualifications in the related
field. Contract basis jobs in the education sector are keeping pace with the flexible work growth.
Gig technology increased the demand of high specialization educators such as virtual teacher,
program educator, and tutor for better results. In this concern, many teachers and educators are
hired for virtual position by the educational organizations. Therefore, online education is
providing high quality education, which can fit for intended human needs and lives. On the other
hand, with the help of gig economy organizations received complaints from the client as well as
other team member (Friedman, 2014). The organizations can address all the tactical and strategic
requirements to increase the client awareness and increase competitive pressures. Therefore, the
Gig Technology is helpful for the educational sector and knowledge management.
Legal, Financial, Tax and Union related issues: In the present era, there is a rapid growth in
the internet marketing platform, which have curved to spotlight on the labor laws. These
increasing changes with new working platform have been created productive changes in the
organizational policies. In an organization, to make the work related sense several types of laws
and policies such as occupational safety, health law and income security laws are followed in
proper way (Aloisi, 2015). But, in case of freelancer employees there will be not required for the
employers to pay any taxes to the contractor and also not required to follow different laws and
policies for the workers.

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Female Entrepreneurs (gender related themes): In recent, a female had only two options one
is to lean in the job and other one is to opt out from the workplace. In this regard, the
organizations are refusing these limitations for them with the help of gig technology. Through
the gig technology, the organizations are providing a working platform, which opens different
alternative for female workers with time flexibility. Hence, the Gig Technology is beneficial for
the female workers who are qualified and want to work further.
Conclusion
From the above discussion it can be concluded that Gig technology changed the working
scenario of the organizations with working flexibility for the professionals. In this sense, it is
observed that the Gig Technology may be used by the organization as a new technology to
recruit better professionals and expand the business at global level.

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References
Aloisi, A. (2015) Commoditized workers: Case study research on labor law issues arising from a
set of on-demand/gig economy platforms. Comp. Lab. L. & Pol'y J., 37, pp. 653-657.
Friedman, G. (2014) Workers without employers: shadow corporations and the rise of the gig
economy. Review of Keynesian Economics, 2(2), pp. 171-188.
Graham, M., Hjorth, I., and Lehdonvirta, V. (2017) Digital labour and development: impacts of
global digital labour platforms and the gig economy on worker livelihoods. Transfer: European
Review of Labour and Research, 23(2), pp. 135-162.
King, M. W. (2014) Protecting and representing workers in the new gig economy. New Labor in
New York. Precarious Workers and the Future of the Labor Movement, pp. 150-170.
Richardson, L. (2015) Performing the sharing economy. Geoforum, 67, pp. 121-129.