Is this the end of the traditional company hierarchy?

Is this the end of the traditional company hierarchy? 657 404 C-Suite Network
Is this the end of the traditional company hierarchy?

Peter Vakkas is Accenture’s Managing Director for Technology in ANZ, responsible for driving Accenture’s Technology Services business and implementing modern engineering practices and innovation across these markets.

Though it’s hard to imagine, the traditional idea of coming to work, sitting in your cubicle, and working on the projects you have with your dedicated team and manager are slowly coming to an end. Conventional hierarchies were once the foundation of the workforce. Now, they are making way for new models that encourage and enable higher levels of innovation.

The growth of technology is also causing radical reinvention of the way businesses are designed, built, and run. Imagine a large enterprise, but with almost no organisational chart. It’s hard to fathom – but this is where technology is taking the workforce.

The number of on-demand labour platforms and online work-management solutions is surging. These platforms enable enterprises to tap into a broad pool of external talent to supplement their operations. This means that workers with advanced or specific skills that the company may not yet have amongst its employees, are now at their fingertips.

Replacing traditional hierarchies with talent marketplaces

As a result, leading companies are dissolving traditional hierarchies. By replacing them with talent marketplaces, they are driving the most profound economic transformation since the Industrial Revolution. Labour platforms like Upwork are enabling workers to become more liquid.

They support distributed teams that are quickly assembled to complete projects and then dispersed. With this flexibility, companies are moving toward models where they run their…