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debaditya89-blog · 6 years ago

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Automation : Emergence of a New Job Market and Disappearance of the Existing One

A photo showing robots in the automobile manufacturing industry.

Source: http://www.moltecinternational.com/markets/robotics.html

In the lifetime of every civilization there arrives a crucial juncture where the organisms that exhibit and conform to the “survival of the fittest” doctrine continue to thrive and the rest move into the dark corridors of oblivion.

Automation and the new Industrial Revolution

In the globalized world of today, we as a nation are standing at a crucial juncture. The term – “Automation” , still a relatively new term in Indian households is the driving force behind a new Industrial Revolution. The 1st Industrial Revolution was originated by the invention of the steam engine by James Watt. Thus got initiated a new methodology of manufacture and production of goods. India could never really become a manufacturing superpower due to its inability to align itself to the waves of the 1st Industrial Revolution. That is history, lets travel back to the present. The new age Industrial Revolution is getting characterized by the availability of trillions of gigabytes of raw data generated by various industrial sectors. This data is getting processed, analyzed and results of these analytics are being utilized for production, sales and management across the globe.

A general perception is that Automation is something which is solely associated with the fields of IT and Computer Science. But this is a gross misconception. Automation is impacting and will continue to impact every industrial sector from BFS (Banking & Financial Services) to the logistics industry, from IT to tourism, from healthcare to legal services. These new methods of production and service delivery will lead to greater production volumes within stipulated times, better quality products in terms of market competition. So, in a nutshell this is going to affect the entire design, production and delivery ecosystem in terms of efficiency, quality and quantity.

The impact of Automation on various Industrial Sectors

In the Financial Services sector, the stock/securities trading companies have reduced the recruitment of financial consultants, market analysts and portfolio managers. Instead, they are using automated predictive-analysis based tools which use the concepts of Big-Data to analyze and predict the ups and downs of the stock market.

Regarding healthcare and legal services, I would like to mention the development of IBM WATSON. It is an Artificial Intelligence based expert-query system, which is up to 90-95% accurate till date. It has already started eating up consultancy based occupations like that of the doctors and the lawyers. It is expected that IBM WATSON and other AI based expert-query models will change the face of healthcare and legal consultancy occupations within the next decade.

Coming to the field of IT & ITES sector, all leading mass recruiters of graduate engineers, i.e. TCS, Cognizant have started decreasing their freshers’ intake systematically. Lots of iterative IT jobs like blackbox testing, recursive code development, log maintenance etc. are now being automated using various marketplace tools. These tools provide basic templates which can be edited and manipulated in accordance with client and project requirements. Low level back office processing and support systems are likely to be automated many folds in the recent future and spread among a much depleted workforce strength.

In the e-commerce industry, all major global players like Amazon, Alibaba etc. are using data analytics to analyze consumers’ purchasing trends and thus create customer target zones product wise. This helps in reaching out to the targeted customer base with attractive offers which a normal kinara shop dealing in multi-brand retail can never imagine of. Grey Orange Robotics Pvt. Ltd. is designing fully automated e-commerce warehouse systems. ‘Butler’ robots are being built which can fetch and store products in e-commerce warehouses. ‘Sorter’ robotics is being used to automatically scan and sort packages in these warehouses. These robotics-based technologies are being used by Indian e-commerce giants like Flipkart, Myntra and Jabong. These butler robots can pick up 600 items per hour, whereas a human labour can pick up to 100 items per hour. So, human intervention is being reduced to the minimal in order to increase efficiency in the delivery system.

Finally, coming to the avenue of government organizations, many of the low and middle-rung clerical jobs like certificate generation, registrations, stock maintenance and paperwork for seeking permissions are getting substituted by automated ERP systems. All these repetitive jobs are moving from the paradigm of manual-natured to automated ones.

So, basically what I have tried to harp upon is that across all industrial sectors, human intervention at multiple levels of the production ecosystem is getting replaced by advanced technologies of robotics, simulation, predictive analysis, machine learning and AI.

The impact of Automation on the employment and job generation scenario

Mckinsey Global Institute reports that an estimated 400-800 million job roles or occupations will disappear into oblivion by 2030 across the globe. NASSCOM annual review report in early 2017 predicted a walloping 20-25% reduction in jobs in the IT industry over the next 3 years. The Indian IT and ITES allied services industry alone is set to lose 6.4 lakh low-skilled positions to automation by 2021. According to a World Bank report, automation threatens 69% of the jobs that exist today in India and it is pegged at 77% in China. This is a grave situation indeed. But just as any major transition in history has shown us, that during a transition chaos and problems will arise. In the same way, newer opportunities will also surface and the nations which will be able to embrace them swiftly will become the next global superpowers. PWC report states that AI will contribute an additional $15.7 trillion to the world economy by 2030. Given India’s strength and prowess in the field of technological education and a knack for studying mathematical solutions, AI and machine learning has the potential to add $950 billion to India’s GDP. These new technologies will require new skilled workforce. These fields will be the drivers of employment not only for the $150 billion IT industry, but will also provide automated tools required in all other majors industrial sectors. This represents the opportunity of the future. India is the fastest growing large economy today. India’s youth population will surpass that of other leading economies by a large margin by 2035. These favourable conditions along with opportunities which are on offer provide India with its biggest chance of being world economy’s biggest player. But the risks too are galore. According to the Economic Survey report of 2007-08, 93% of India’s workforce (including agriculture) was in the unorganized and informal sector . The latest Economic Survey report of 2017-18 says that approximately 69-70% of India’s workforce (excluding agriculture) is still in the unorganized sector. A majority of this unorganized sector labours are unskilled or semi-skilled. This workforce is bound to lose their jobs in the new production mechanism.

The duty and role of the Government in the field of Skill Development

The Indian youth of today along with the unskilled labour force needs to undergo extensive skill development programmes and courses to generate the skilled labour force India needs today. If this skill development does not take place, then India’s huge youth force can turn out to be its greatest liability instead of being an asset. Just as newer skilled job roles will appear on the horizon, the older unskilled ones will disappear at the speed of lightening. It is the Government’s duty to devise skill-centric courses and programmes and revamp the existing syllabi in colleges and universities so that India can truly arrive at the global stage. The Universities and colleges need to devise their syllabi in such a manner which can cater to the needs of both the emerging job market and the fields of research in these emerging trends. For instance, a degree course in Economics can teach the students the art of data structuring and deciphering which will generate the socio-political or economic data which can be used for exploratory analysis, growth in production and increase in efficiency. Contrary to public perception, students from Social Sciences background can actually contribute immensely in the new job arena with the help of their domain knowledge. The students from Sciences and Engineering backgrounds should be encouraged to participate in larger number of data analysis, data exploration, computer programming and robotics related courses. Courses in Artificial Intelligence, Machine Learning are not only about coding, but they are also about the exploratory analysis to unearth the various relationships among the data, which can in turn help in increasing production and efficiency. The students from Commerce background should learn the art of industrial indices data, stock market data prediction using various automated tools, which will help them to land jobs in the future. In a nutshell, what I mean is that this new emerging job market will not be limited to technical expertise, but will also include domain level expertise. Thus it will be inclusive of people from social sciences, commerce, pure science and engineering backgrounds. For instance, if a Multi-brand Retail Company decides to conduct interviews on villagers hailing from rural Bengal to identify the various popular products amongst them in order to increase profitability by enhancing production and distribution selectively, they can think of building a Automated Voice Recognition System for the Bengali tongue. For building such a voice recognition system which would automatically analyze the interviews and produce results, we would need both computer programming expertise(students from engineering background) and domain level expertise to recognize the various dialects of the Bengali tongue(students from humanities background). Thus an interdisciplinary approach would be needed for these type of projects. The courses for undergraduate students should also be designed keeping in mind the interwoven nature of the requirements of real-life projects. But if the Government fails to perform its duty in the sphere of higher education, soon enough we will be left with massive swathes of unemployed youth. It is our immediate duty to focus on the Education (especially technical education and domain level expertise) sector in order to produce the skilled employable graduates that India needs to tame the tiger – Automation and take this nation to greater heights.

#automation #jobs #employment #production #services #manufacturing #artificial intelligence #machine learning

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aitoolswhitehattoolbox · 4 years ago

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IBM Recruitment 2021 For Associate System Engineer

IBM Recruitment: For Associate System Engineer who has completed BE/ MTech/ MSc/ MCA in CS/ IT/ Mathematics OR other Semi IT/ circuit in Mumbai, Pune, Delhi/ NCR, Gurgaon, Noida, Hyderabad, Chennai, Kolkata, Bangalore, Ahmedabad location. ABOUT IBM: IBM Off Campus Drive 2021: International Business Machines Corporation (commonly referred to as IBM) is an American multinational technology and…

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#BPO Jobs #IBM Recruitment #IT Jobs #Jobs in india #Recruitment 2021 #Software Engineer

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abhihasabe · 4 years ago

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IBM Recruitment 2021 For Associate System Engineer

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#BPO Jobs #IBM Recruitment #IT Jobs #Jobs in india #Recruitment 2021 #Software Engineer

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360digitmgba · 4 years ago

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Online Enterprise Analytics Course

When you enroll within the course, you get entry to all of the programs in the Specialization, and you earn a certificate when you complete the work. If you solely want to read and think about the course content material, you can audit the course at no cost.This course will help you master the core statistics information for a career in information science. It is not an everyday course on statistics however a very hands-on and practical coaching of stats from an enterprise perspective.Individuals who are interested in implementing analytical initiatives of their group can take help from this skilled business analytics program. Taking this program will allow you to study the strategies which are required to rework an enterprise into an information-pushed organization. Moreover, this program offers in depth knowledge of widely-used frameworks of business analytics like biases, descriptive analytics, experimentation, predictive analytics, and so forth. They’ll explain how information and complex evaluation is dropped at bear on individuals-associated issues, corresponding to recruiting, performance evaluation, management, hiring and promotion, job design, compensation, and collaboration. This course is an introduction to the theory of individuals analytics, and isn't intended to arrange learners to carry out complex talent management knowledge analysis.The coaching is divided into applicable sections along with interactive quizzes. Get palms-on and work on sensible assignments to practice the matters and methods lined. The first few lectures provide an outline of the ideas lined in the movies. Interact with main XLRI faculty and business consultants throughout the lessons.

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This course is appropriate for beginners and business professionals with no prior analytics expertise. Regression evaluation, predictive analytics, choice timber, dashboarding, and statistics are a few of the Business Analytics topics that may make you a successful Business Analyst. Rajiv is an efficient trainer, explains everything intimately, backed with examples, suggestions, and techniques. Work on a capstone project where you'll have the chance to integrate your data and apply the skills to actual world challenges.

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All of our highly-certified Business Analytics course trainers are licensed, with greater than 15 years of expertise in coaching and dealing professionally in the Business Intelligence subject. Each of them has gone through a rigorous choice course that includes profile screening, technical analysis, and live coaching demonstration earlier than they are certified to coach for us. We also make sure that solely those trainers who keep an excessive alumni rating proceed to train for us. Yes, we offer a practice check as part of our Business Analytics with Excel certification course to help you put together for the precise certification examination. You can do that freeBusiness Analytics with Excel Practice Testto perceive the type of questions that you'd face in the certification examination and achieve expertise within the topics that are part of the course syllabus. Understand textual content mining, social community analysis, sentiment evaluation, real-time bidding, on-line marketing campaign optimization and so forth.

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Learn the way to take the lead in building a knowledge-driven organization and facilitate its development with effective plans and techniques. Lots of workouts to follow together with the lectures for better understanding. By persevering to browse the positioning, you agree to our Privacy Policy and Cookie Policy. Following are the highest-rated Business Analytics programs, based mostly on alumni critiques. We use cookies to ensure that we give you the greatest experience on our website. If you proceed to make use of this site we are going to assume that you are pleased with it. We might make a small commission from merchandise bought via this useful resource.

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Explore more on Business Analytics Course

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thedatasciencehyderabad · 4 years ago

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