BAAB$2113$ Accounting Information System

Group Assignment

Students will study the latest technology affecting the organization. This assignment will study the

acceptance of the technology, the challenges and opportunities in the sides of the organization and

its employees.

Gig Technology

Gig technology refers to the digital platforms and tools that facilitate the gig economy by connecting

freelancers, independent contractors, or temporary workers with businesses or clients seeking specific

services. Examples of gig technology include apps and platforms like Uber, Fiverr, Upwork, and

TaskRabbit, which provide a marketplace for short$-$term jobs, freelance tasks, and flexible work

opportunities. These platforms often use technologies like artificial intelligence $($AI$),$ data analytics,

and mobile apps to match workers with tasks, manage payments, and track performance. Gig

technology enables flexibility and scalability in the workforce by making it easier for both workers and

employers to engage in short$-$term, on$-$demand work arrangements.

Gig technology has a significant impact on organizations by enabling more flexible, cost$-$effective,

and scalable workforce solutions. Here are some key effects on organizations:

Flexibility and Scalability: Gig technology allows organizations to quickly scale their workforce

up or down based on demand. This is especially useful during peak periods or for project$-$

based work, reducing the need for long$-$term employee commitments.

Cost Efficiency: Companies can lower labour costs by hiring gig workers on a temporary basis,

avoiding full$-$time benefits, and focusing on short$-$term contracts. This also reduces overhead

costs related to office space and equipment.

Access to a Global Talent Pool: Gig technology platforms enable organizations to access a

diverse range of specialized skills from a global workforce, offering greater expertise without

geographical constraints.

Increased Innovation and Agility: By leveraging freelancers and contractors, organizations can

adopt new technologies and innovations faster, without the need to develop these

capabilities in$-$house.

Challenges in Workforce Management: While gig technology provides flexibility, managing a

temporary and remote workforce can create challenges in terms of communication, quality

control, and worker engagement.

Reduced Employee Loyalty and Continuity: Since gig workers are often engaged on short$-$term

contracts, organizations may struggle with continuity in knowledge and may face high

turnover rates, which can disrupt long$-$term goals.

The gig economy in the education industry $?$