Industry doesn’t sell dreams, automation creates other jobs, says Nasscom President R Chandrasekhar

By: |
Bengaluru | Published: November 16, 2017 10:04:28 PM

Nasscom President R Chandrasekhar today said the IT industry does not sell dreams but makes them come true and emphasised that though automation destroys certain jobs, it creates others.

Nasscom, R Chandrasekhar, IT industry,  Nasscom President, artificial intelligence, Bengaluru Tech Summit 2017, job creationChandrasekhar said the industry is optimistic because new jobs that are getting created are not only in technology, but also in other fields, including animation and gaming.

Nasscom President R Chandrasekhar today said the IT industry does not sell dreams but makes them come true and emphasised that though automation destroys certain jobs, it creates others. “The industry does not sell dreams, makes it come true. Automation destroys certain jobs, it creates other jobs,” he told reporters at the launch of Centre of Excellence at Bengaluru Tech Summit 2017 here. He was replying to a query about the industry being optimistic on job creation, while market watchers were sceptical about it due to new technologies like automation and artificial intelligence. The market watchers reportedly had said automation would render nearly 70 per cent of the Indian workforce irrelevant. Chandrasekhar said the industry is optimistic because new jobs that are getting created are not only in technology, but also in other fields, including animation and gaming. “The new jobs which are getting created are not only in technology but also in other fields like medical healthcare, agriculture, entertainment, animation, gaming, VR. This is the reason why industry is optimistic on job creation,” he said.

However, the Nasscom President said it would not be a cakewalk and it would depend on how quickly people acquire skills in new technologies. Chandrasekhar said the most unproductive approach is to avoid automation and loss of jobs, because countries and companies,which did that had a meagre future and many were rendered inexistent.”What we have to do is to look at where the new opportunities are coming and then move into those faster because in today’s world it is the early movers who get the advantage,” he added. Chandrasekhar said companies and countries would lose out in the race if they started late.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Samsung Galaxy A31 launched in India with 48MP quad rear and 20MP selfie camera; everything to know
2SBI, Bank of Baroda, Bank of India among top PSU banks offering most MSME loans under Modi’s package
3Q1 profit may be impacted due to COVID-19: GSK Pharma