Tech to eat away old jobs: Kiran Mazumdar-Shaw
Ms Shaw said Ola and Uber have already created one million drivers with average monthly incomes of Rs 75,000.
Hyderabad: Automation and digital technologies will drive jobs of the future even as they cannibalise conventional employment while creating a large number of new opportunities, says biotech entrepreneur Kiran Mazumdar-Shaw.
According to her, new age businesses like Uber, Ola, Amazon, Flipkart, Airbnb and Alibaba are creating millions of jobs which are several orders of magnitude higher than comparative conventional jobs.
Moreover, automation itself would create large job opportunities in the information technology (IT) space where there is likely to be an explosion of automation software development jobs, she said.
“Conventional jobs will be cannibalised by automation. However, e-commerce will create new jobs that will multiply current jobs that are in the bricks and mortar,” the chairperson and MD of Biocon said.
Giving an example, Ms Shaw said Ola and Uber have already created one million drivers with average monthly incomes of Rs 75,000 with a low capital base that makes the business model efficient and competitive.