Technology Will Not Take Away Job Opportunities, Believes Narayana Murthy – CORPORATE ETHOS

Technology Will Not Take Away Job Opportunities, Believes Narayana Murthy

By: | January 9, 2019

Jan 9: With the advent of modern technologies like Artificial Intelligence (AI) and machine learning, there came reports on how humans will lose their jobs due to this. NR Narayana Murthy, co-founder of Infosys has something contrary to say on that.

Murthy has said that the latest technologies will not lead to job loss in the distant future.  NR Narayana Murthy said that AI and machine learning will, in turn, open new job opportunities for humans.

Addressing AI as a crucial topic when it comes to computer studies he said that technologies including AI, machine learning, big data analytics, Internet of Things (IoT) will improve the lifestyle making it easier and relaxed. He took countries like the US, the UK and Japan as examples and said that they were able to reduce unemployment to a great extent with the help of technology.

A World Economic Forum (WEF) report states that, as many as 133 million new roles will be created by the speedy development of machines and algorithms in the offices.

Murthy mentions the economic history of the world said that when we look back to the past 50 years in which the use of computers became common, the thing we will observe is that the countries which accepted technology have a reduced number of unemployed when compared to the countries which did not accept technology.

Laying off the common notion of technology increasing unemployment he said that technology provides an opportunity for human beings by reducing huge labor to something which requires a human touch.

Quoting ATMs, he said that it is a perfect example of a technology which made the work easier. ATMs reduced the work of visiting a bank and withdrawing money. With ATM one can withdraw the money at their convenient time and place.

While talking at the Infosys Prize ceremony on January 5 he also said that he does not advocate the news that technology will lead to unemployment.