All industries and jobs will be be redefined by digital technology — jobs will be created, nurtured and destroyed. There will be no exceptions.
You can still find lift operators in some old buildings in India. He (it’s usually a him) opens the collapsible iron gates of the old-style cage lift to let you in and sits back on his rickety wooden stool as it begins its upward journey with a slight jerk. He opens the gates for you when you get off the contraption (often with a sigh of relief) and settles back down on his stool to continue ferrying passengers. You’re glad he’s there in case the lift gets stuck due to a power cut or a breakdown. Haven’t most of us gotten stuck some time in one of these lifts and would’ve panicked if it weren’t for the liftman?
Jobs do not disappear overnight. They offer many warnings. The signs are usually around for a while before a job goes kaput, and yet people are caught by surprise when they realise it no longer exists
Mark my words, jobs do not disappear overnight. They offer many warnings. The signs are usually around for a while before a job goes kaput, and yet people are caught by surprise when they realise their job no longer exists.
Sometimes, it’s not just a particular type of job, but an entire industry that may be undergoing transformation. Take India’s hitherto ballooning IT industry for example. Hiring by top IT firms in India (HCL, Infosys, TCS, Tech Mahindra and Wipro) is projected to be down by 47% in 2017 compared to last year. This sector is no longer going to provide employment to millions.
The arrival of driverless cars — it’s estimated that by 2030 driverless cars may comprise about 60% of US auto sales, although it seems India is not ready for them — will change multiple industries. To begin with, we will no longer need drivers to drive commercial or private vehicles. Second, their superhuman-like ability to recognise the world around them makes driverless cars safer than those driven by humans, so, we’re likely to have fewer accidents. This means we will not need as many doctors as we do today to attend to accident victims. The auto insurance industry will probably shrink, and won’t hire as many insurance salespersons. And so forth.
Such disruption is happening across industries. Here are the five major signs of an industry facing oblivion:
New disruptive technology, especially artificial intelligence (AI) and robotics, while helping companies and industries grow productivity are also causing job cuts. IBM Watson, for instance, is able to diagnose and treat cancer better than any human doctor.
L’Oreal has created an app called Make-Up Genius that allows people to try out make up virtually without having to spend hours physically applying and removing colour options. This is a threat to the role of make-up assistants in supermarkets.
Apple and Samsung supplier Foxconn has replaced 60,000 factory workers with robots. Apple and Samsung supplier Foxconn has replaced 60,000 factory workers with robots. In 2015, Amazon had about 30,000 Kiva robots in its warehouses across the globe. By the time the year ended in 2016, Amazon had employed 45,000 robots in the warehouses.
Jobs will be created, nurtured and destroyed by technology. There will be no exceptions. Let 2017 be the year you get ready to get disrupted
Every sector from agriculture to aviation is getting disrupted. Political changes impact the business scenario, and we have had quite a few in recent times. As the newage customer opts for access rather than ownership, business models are witnessing seismic changes.
All industries and jobs will be be redefined by digital technology. Technology will be Brahma-Vishnu-Shiva of jobs. Jobs will be created, nurtured and destroyed by technology. There will be no exceptions.
Let 2017 be the year you get ready to get disrupted.