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Niall Carroll has invested heavily in the burgeoning industry over recent years and is convinced that many of the remote working changes brought in by the pandemic are here to stay. And while many doom-mongers have warned about the dangers of long-term remote working, Mr Carroll believes it can deliver a better work-life balance.

The South African-born entrepreneur who founded CG Labs – a firm that invests in new technologies – told Express.co.uk: “One of the hopes post-Covid is that the pandemic will enable us to think about ways in which we can modify our behaviour so we get a better work-life balance.

“There is also a big push to be far more carbon friendly.

“Remote working and virtual conferences and events are one way of doing that.

“Remote work platforms don’t just change the way office workers engage.

“They also help to democratise training and education, one of the major ways in which you can level up opportunities for people through technology.

“Post-Covid disruptive technologies are developing rapidly and in lots of ways.

“For example, virtual reality is a really effective tool for training people, as it allows them to learn in a safe environment.

“How can we train or retrain people most effectively to give them the skills they need to be productive in the fourth and fifth industrial revolutions?

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“That’s the burning question many people are asking and what we’re trying to answer.

“The UK’s current government is determined to reopen the economy and businesses will require innovative solutions to deal with the longer-term changes brought by Covid.

“Virtual reality technologies have come on leaps and bounds over the past 18 months and the UK could become a global leader in their use.”

Mr Carroll – a father of two – was born in South Africa and came of age as the country’s racially segregated Apartheid system collapsed.

As Nelson Mandela swept to power, the then accounting and economics graduate travelled across the planet convincing pension funds and corporations to invest in the newly-opened economy.

He then helped establish a major community-owned investment company.

In 2012, he decided to branch out and later founded CG Tech, an investment holding company.

This led to the creation of Virtuworx – a remote working and virtual event platform that creates virtual offices, auditoriums and exhibition halls using software originally developed for drones.

“I’m not smart enough to find the next unicorn,” he said.

“But I do believe in nurturing multiple businesses that can add real value to the market.

“I want to make sure CG Tech is creating companies that are sound and ready to move into the future.

“That’s how we make sure what we’re building today will last into the future and continue to generate impact.”

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