TECHNOLOGY? CHECK. WORK FROM ANYWHERE? CHECK. DIGITAL NOMADS? LOADING…

Highlights from the Ecosystem

A year and a half after the emergence of COVID-19, the world disrupted and digitized at an exponential pace, professionals find that they can work from literally anywhere, provided they have the right technology and a stable internet connection. The subsequent economic crisis also paved the way for the gig economy to expand, due to the millions of layoffs which forced professionals to reinvent themselves and tap into digital ecosystems to find jobs.

The result? A notable rise in the digital nomad movement, with projections wavering around the 1 billion mark by 2035, and expected to grow further.

Firstly, what is a digital nomad?

The term ‘digital nomad’ has been rising in popularity for quite some time. Defined, it refers to professionals who work remotely, requiring only technology and high speed internet to complete their jobs. Digital nomads can work from literally anywhere, be it their sofa, a hotel room, a hot desk at BDD, a beach or while sailing across the sea.

Due to the disruptions brought on by the pandemic and the challenges that surfaced as a result of the financial crisis that ensued, a rise of digital nomads opting for a more flexible lifestyle is expected to become the new norm.

Sounds tempting? Here are the advantages and disadvantages of being a digital nomad

With every work arrangement, there are pros and cons, which can have an impact on productivity and work/life balance, as well as on one’s mental health.

The advantages of being a digital nomad are numerous. Professionals have the freedom to work from anywhere, and on the go. It also provides them (if travel restrictions permit) with the opportunity to venture and explore new cultures, learn new skills and attempt at mastering new languages. Given the flexibility in schedules, professionals can also structure their workdays to have more free time, and take on new hobbies or run errands. And remember office politics? That’s ruled out. Another pro? Vast amounts of time and space to channel innovative thinking and exercise creativity.

The disadvantages also need to be factored in. If the digital nomad opts for a lifestyle on the go, the expenses of travel and accommodation can be quite high. Loneliness is also another factor to consider, given that digital nomads are not surrounded by colleagues on a daily basis (but BDD’s community, catering to digital nomads, can resolve that). Digital nomads with clients working in different time zones also need to be very diligent with structuring their days to become more organized.

What settings inspire you the most?

Working outside the traditional office setup has been very rewarding for millions, with limited interruptions and more efficient meetings conducted online. The dread in the mornings being forced to go to work in the same office, has also been ruled out for those opting to become digital nomads. In addition, booking a hot desk in an inspiring community, can allow for greater networking opportunities and insightful discussions with like-minded people.

Toying with the idea to become a digital nomad? Check out BDD’s hot desk packages, with day, week and month passes, all perks included.

With projections estimated at 1 billion and counting by 2035, digital nomads are on the rise. Explore the pros and cons of an emerging work lifestyle.
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