How Automation Is Changing Work.

profile
Chauhan Sumedha
May 11, 2019   •  31 views

Whenever a new technology is integrated into economic processes, it is quite natural that it leads to anxieties about job losses.

Automation is defined as the creation and application of technology to monitor and control the production and delivery of products and services. Automation is spread across different segments of the economy, such as, manufacturing, transportation, utilities, defense, services, etc.

Introduction of driverless metros in Delhi, the news of layoffs in big IT companies like Cognizant, Infosys, and Tech Mahindra due to automation, the threat to employment opportunities from information and communication technologies, artificial intelligence and robotics in content, banking, pharmaceuticals, food and beverages, logistics and security sectors are indications of the impact of automation on employment scenario in the country.

The following are some of the positive impacts of automation on creation of jobs in the country.

• A company which resorts to automation offers goods and services at lower costs than traditional providers. The reduced costs keep the inflation under check and results in more savings by individuals and companies.

• Automation raises the efficiency and productivity. This principle applies to public, private and non-profit sectors alike.

• Under normal circumstances, automation takes place to reduce costs by a firm. Reduction in costs leads to more profits.

Despite the above positive impacts, automation is not without it criticisms.

  • This is more so in the lower and middle-level due to the low skill set required and less human-to-human interaction of employees.

  • Automation leads to an emergence of new forms of jobs such as mircowork, which are thejobs in the on-demand economy.

When our machines release us from ever more tasks, to what will we turn our attentions? This will be the defining question of our coming century.

26



  26

Profile of N.Kanishya
N.Kanishya  •  4y  •  Reply
Nice pictures..!!