The Impact of Automation and Artificial Intelligence on Jobs and Management

Automation and artificial Intelligence are influencing workplaces and management across industries. A demographic dividend and growing technological adoption are fuelling India’s economic wheels. However, these technologies of Industry 4.0 also raise concerns about job displacement, future workplaces, and the evolving business environment, particularly in India’s context, which is a labour-intensive and largest-populated country on the globe.

Let’s explore the influence of AI and Automation on jobs and management. Students pursuing management programmes from the best universities of Rajasthan, like Manipal University Jaipur, should take note of these trends. It will help them to skill themselves for future workplaces and management methods and make them sustainable and successful managers or businesspersons.

Challenges and Opportunities of AI and Automation on Jobs and Business

Technologies of Industry 4.0 are a double-edged sword, and there is a need to find a balance for best outcomes in your management career or entrepreneurial aspirations. Here are prominent challenges and opportunities to consider to become a future-ready manager.

1) Job Displacement in Routine Tasks

Routine or manual tasks, including data typing, manual work on factory floors, initial levels of customer support, etc., are being automated. Smart factories, BPOs, LPOs, other back office operations and telecom sectors are using Automation, robotics, AI, VR, IIoT, and cloud on a significant scale. Their transformation has a visible impact on the manual workforce and demand for tech-savvy professionals or techno-managers with skills of Industry 4.0 and beyond.

2) Emergence of New Jobs

Artificial Intelligence will generate new job opportunities in data science, robot maintenance, human-machine collaboration (Industry 5.0), and other related fields in the future. Collaborative technological growth has evolved into new-age job roles like AI Assistants, AI Product Managers, AI Ethics Specialists, Computer Vision Engineers, LLM Creators, NLP Engineers, Machine Learning Engineers, and Writers for LLM Platforms.

Therefore, students should pursue management programs at leading universities to obtain better learning resources, outcomes, and prospects. Manipal University Jaipur is among the best universities in Rajasthan for management programs and leverages these new-age job roles.

3) Shifting Skill Sets

Management professionals with the ability to work with machines will be in high demand in future workplaces. People with expertise in data analytics, creative thinking, AI, etc., will prosper in the ongoing transformation of how we work and manage operations.

Influence on the Indian Workforce will Depend on Following Aspects:

• How fast organisations in India adopt Automation and AI will determine the speed of job displacement.
• Skill development initiatives by the Government of India to equip students and employees with skills of Industry 4.0 which are crucial for the evolving job market and business landscape.
• The best universities of Rajasthan and across India should include smart manufacturing and Industry 4.0-specific programmes to train students in AI, Automation, and other technologies for smart factories and organisations.

The Evolving Face of Management

Management graduates must understand and implement AI, Automation, and new-era technologies in their workflows and operations for an efficient and productive workplace. It saves time, improves productivity, and provides spare time to devote to more crucial aspects and innovate new ideas.

1) Data-Driven Decision Making

Decision-making after considering all aspects and repercussions is crucial for successful business management. AI-enabled processes and tools help managers optimise resource allocation and performance.

2) AI and Automation in Human Resource Management

HR management tools automate and streamline applicant screening, onboarding, deboarding, contract drafting, and many manual tasks at organisations (public and private). Advanced technologies help shortlist applications with enhanced accuracy, bridge the skills gaps in the workforce, and enable specific training programmes.

3) Automation of Managerial Tasks

Managers can use Industry 4.0 technologies to manage repetitive tasks, including scheduling, data analysis, report generation, and more, to obtain sufficient time for strategic thinking and people management.

Challenges and Opportunities for Indian Businesses

• Indian businesses can integrate technology in various aspects to upskill and reskill the workforce to enhance their adaptability to the changing job landscape.
• Organisations can leverage AI for a competitive edge and improve their customer support, UX and UI, productivity, and more. Industry-academia partnerships and new-age programmes can also groom graduates for future factories.
• Job displacement needs to be addressed proactively. In a country like India, there should be a collaborative approach of government, industry, and academia to skill, reskill, and upskill people for the future of workplaces and businesses.

The Road Ahead: Preparing for the AI-enabled Future

India has the potential to grow and prosper in the age of technology powered by AI, IoT, Cloud and Automation. Here’s what needs to be done:

• In a country like India, there should be a collaborative approach of government, industry, and academia to skill, reskill, and upskill people for the future of workplaces and business. The best universities of Rajasthan and across India are doing a commendable job with industry tie-ups and providing internships, training, and more.
• India needs to invest substantially in R&D to emerge as a leader in AI and Automation and generate new career opportunities.
• Machine-human collaboration is the next wave of the industrial revolution, also known as Industry 5.0. Manipal University Jaipur offers guest lectures, industry visits, and events to inform students about the latest trends and their impact on management and jobs.

AI and Automation have the capacity to accelerate India’s growth and provide excellent career opportunities for management students. However, these trends are not without its challenges. Academic institutes, governments, and organisations must work together to ensure a smooth transition and develop a future where technology empowers workplaces and business management.

Management Programmes at Manipal University Jaipur

Manipal University Jaipur offers industry-ready BBA and MBA programmes under commerce and business category. MUJ offers 71+ years of established legacy in academic excellence, 78 campus based programmes, 14000+ students on campus, 100+ national and international collaborations, 650+ passionate and skilled faculty, several awards and recognitions with exceptional track record of placements at MUJ. Explore Manipal University Jaipur courses and fees and apply now for a programme that accelerates your career.