updated 2018-19 final (1)

TECH PULSE 2018-2019
Gubbala Gowthami
16A31A0568
Robotic World
According
to a Forrester
report, robots will
eliminate 6 percent
of all jobs by
2021. McKinsey’s
assessment is even
more expansive —
they believe that
by 2030 one-third
of jobs could
become
automated. This,
however, doesn’t
mean that life will soon be like “The Jetsons.” As
technological developments have done in the past, the next
generation of robots utilizing artificial intelligence and
automation to streamline processes currently handled with
the assistance of human workers will significantly alter the
job market. This idea represents a form of disruptive
innovation, a term that refers to when an emerging
technology can utilize fewer resources, thus competing
betteragainstthose without it. The impact that automation
has already had is significant. Despite of the fact that more
than 5 million factory jobs since 2000 have ceased to exist,
manufacturing output has increased between 2006 and 2013
it rose by 16.7%! To determine people’s feelings about this,
we surveyed over 2,000 people and asked what industries
they work in, how they feel disruptions might affect their
labor market, what they think they will do if directly
affected, how many people understand the concept of
disruptive innovation.
Knowledge
Innovative
Power:
Of
Is
the
2,000
professionals
polled, fewer than
40 percent were
familiar
“disruptive
innovation.”
Disruptive
innovation
with
was
coined in a 1995
issue of the
Harvard Business Review; it regarded the evolution of