Positive side
We need to appreciate the fact that even the smartest machine needs human intervention in the background. Looking back at history of industrial automation since 1900's, even though the job loss was evident, it created immense opportunities across different industry sectors. However, in this case skill upgradation is imperative.
Technological revolutions has resulted in differential growth wherein there has been a significant rise of entrepreneurs in areas of Innovation, design, software products.
Autonomous cars, touch free mobile devices, customised designed products with short lead time, man free factory operations are becoming a reality. Creativity, disruptive thinking finds place in the industries like automotive, jewellery, entertainment, etc. That means plenty of avenues for the human force to master their knowledge and skill to grow.
Various government support schemes like the incubation centres for the start-ups, with capital funding, shows a positive picture of the days ahead. The recent survey by a global agency on the top 10 start-up cities has Bengaluru in 7th Best city and the only Indian city globally ranked.
So the need of hour is not fear job loss, but to strengthen our potential and tide over the situation to excel in ones areas.
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