Robots could snatch 8.50 crore jobs in next five years

New delhi date. Wednesday, October 21, 2020

As a result of the Corona's sweeping changes in working methods and workplaces, robots in the medium to large business houses will lose 2.50 crore jobs in the next five years, according to a study. Four out of five executives in a survey of about 200 global companies said they plan to accelerate digitization operations and use new technologies.

A survey conducted by the World Economic Forum found that Corona has developed a new way of working for the future. If employees are to maintain their employment, they will have to learn new skills by 202. The owners will also share the work equally between the machine and the manpower.

As companies increase their use of new technologies for data entry, accounting and administrative operations, new job creation has slowed and the pace of job elimination has picked up.

However, a positive thing is that more than 2.50 crore new jobs are likely to be created in sectors like health care, technology and content creation.

Employment in which employees will be able to maintain their work includes management, advice, decision-making, interacting, etc., the survey report said.

New roles will be created in engineering, cloud computing and product development. Of the business houses surveyed, 6 per cent said that the workforce would be reduced due to the use of technology, while 4 per cent said that the workforce would need to be increased due to the implementation of technology.