The advent of web 3.0, remote-first work environments & much more: In conversation with Josh Loveridge
There are so many up-and-coming technologies that have flooded the market, that it is hard to keep track of what can revolutionize the tech space.
Web3 is one such latest development that not only plans to change the way we function on the web but also topple the existing technologies.
To understand the advent of web3 and how it fits in the grand scheme of things, we connected with Josh Loveridge, Managing Director of Stratton Studios and Loveridge Digital.
Keep on reading to learn what he has to say!
About Josh Loveridge:
As the Managing Director of Stratton Studios and Loveridge Digital, Josh Loveridge is a seasoned entrepreneur, international speaker, and expert in software development,Web3, blockchain and business. His experience spans over seven years of working in game development, marketing, and creative industries, and he has honed his business and development skills while collaborating with AAA game studios, Fortune 500 companies, and SMEs with teams of hundreds.
1. Many tech evangelists have voiced their thoughts on the cloud becoming a legacy technology with the rise of web3. What are your thoughts on the same?
With the emergence of Web3, traditional Web2 technologies will still be used in many business use cases, much like how hammers are still used in the building industry today. Ultimately, technology evolves as new business models, and verticals emerge in the age of Web3, and we will witness increased adoption of these new technologies to address more challenges, but traditional technologies will always have an implementation path and use case despite Web3’s potential. Web3, at its core, still has a long way to go before it can fully address the traditional cloud computing vertical.
2. On that note, how do you see the rise and spread of web3 changing the face of today’s IT industries?
As time progresses, technology continues to evolve and transform the IT industry and its utilization in traditional Web2 applications. The rise of Web3 promises a similar wave of transformation, ushered in by innovative startups seeking to revolutionize the status quo. This evolution will fundamentally change how systems and processes are implemented across industries, resulting in significant cost and time savings for companies. The digitization of our world will accelerate, forever altering the landscape of the industry and the way we live and work. Through time we will witness a revolution that will change the game.
3. As a founder, managing director, and strategic advisor, what are your views on remote and hybrid working models?
Remote and hybrid working models are the future of work, and my view is crystal clear: when you hit your KPIs and perform at your best, the world is your oyster! The beauty of these models is that they enable you to work in a way that suits your style and maximizes your output. With the freedom to work from anywhere and at any time, you can break free from the constraints of the traditional office environment and unlock your true potential. Not only do these models provide unparalleled flexibility, but they also facilitate a better work-life balance, promoting increased happiness and well-being.
4. Do you think that IT industries – especially the software and game development sector – can thrive in a remote-first or remote-only work environment?
The IT industry, especially software and game development companies, thrive in remote working environments for several reasons. First and foremost, the sector has always been at the forefront of digital transformation and has been using remote working practices for years. This means that the transition to a fully remote or hybrid working model was relatively seamless for Stratton Studios and Loveridge Digital and what I would say is most organizations in these fields.
Moreover, remote working provides several advantages for companies, such as the ability to tap into a global talent pool, reduced overhead costs, and increased productivity. With the rise of cloud-based collaboration tools and communication platforms, our teams work together seamlessly regardless of their location.
Another critical factor that drives the success of remote working is the company culture. Our organizations recognize that their success hinges on the happiness and productivity of our employees. We, therefore, adopt flexible working practices that cater to our employees’ needs while still driving the business’s success. This is measured at a KPI level with time-tracking features, organizations in the games sector across the world are adopting various methodologies to keep their employees motivated and productive.
As seen above, Josh believes that web3 is at a nascent stage and still has a long way to go before it can truly turn existing solutions into legacy technologies.
What is worth noting is his take on remote work and how he sees it as a means to not only achieve employee satisfaction but also better business outcomes.
We hope you found Josh’s views and this Expert Q&A just as insightful and thought-provoking as we did.
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