Automation – What it has done & what organizations need to do

Before entering the debate of automation, it is important to understand how technology would be impacting the future of work. McKinsey Global institute’s Report on India’s tech opportunity: Transforming work, empowering people, nitpicks the twelve technologies which will reshape business, economy and the future of work in India. The twelve technologies that have been identified are – ‘Mobile internet’; ‘Cloud technology’; ‘Automation of knowledge work’; ‘Digital payments’; ‘Verifiable digital identity’; ‘Internet of Things’; ‘Intelligent transportation and distribution’; ‘Advanced geographic information systems’; ‘Next generation genomics’; ‘Advanced oil and gas exploration and recovery’; ‘Renewable energy’; and ‘Advanced energy storage’.
The collective economic impact that these.technologies could have has been estimated to be between USD 550 billion to USD 1 trillion by 2025 in India; the estimated economic value of automation of k