HomeNewsTechnologyVIEW: Fourth wave in IT to be technology-driven and human-led

VIEW: Fourth wave in IT to be technology-driven and human-led

As the power of software drives this new wave, today’s workforce will be required to focus on jobs that add value and creativity. In the new world, enterprises will require employees with knowledge of coding new automation technologies and AI and skills to leverage these to enhance value

March 15, 2016 / 11:56 IST
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Samson David

For most people, science-fiction movies such as Star Wars were an introduction to the possibilities of automation and robots. Droids such as R2D2 and C3PO from ‘a galaxy far, far away’ fascinated viewers with their ability to think independently, rationalize problems and act to ensure the best possible outcome. While we are still some way from building robots with such capabilities, automation and robotics today have achieved much that was previously in the realm of science fiction.

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With rapid advances in technology, the global economy is at the threshold of another key inflection point – the fourth industrial revolution – driven by the increasing adoption of automation in labor and innovations in robotics, artificial intelligence (AI) and smart technologies.

Previously, the ripples from inflection points such as the early man discovering fire or the invention the steam engine and the printing press spread gradually, giving people across the world adequate time to assimilate these changes. However, the impact of automation and its rapid adoption is already becoming pervasive. For instance, the information technology (IT) industry is already leveraging automation for functions such as IT administration, infrastructure management and business process operations. Employees responsible for these functions need to develop skills in other areas. In fact, a recent World Economic Forum (WEF) report discusses the projected net loss of over five million jobs within next five years owing to automation and AI.