The benediction and curse of the age of automation is that any task that
can be well defined is inherently capable of being automated.
There's no sugar coating this, a vast majority of middle class jobs across
industries are going to disappear in the next decade or two. The
aftershocks of this are getting noticeable with more frequent calls for
universal basic income (UBI) and the rise of demagogues on the back of
Silicon valley start ups, and Wall Street are gold rush cultures - by
design they are chaotic, wild, ill defined and risky. Though they will
remain fertile in opportunity, it's not everyone's cup of tea.
Gig economies and service industries will thrive in the near term, but they
don't make a career.
We are entering a phase of social unrest and adjustment like never before.
This is a far scarier conclusion than the end of IT.
On Sun, Oct 16, 2016 at 3:34 PM, Bhaskar Dasgupta <bdasgu...@gmail.com>
> i was interviewing for one of the IT corporates some time back for their
> COO position and once i managed to dig a bit into their financials, i
> backed out. the majority of their revenue streams are from processing in
> advanced stuff, processing code, processing transactions, processing
> quality control. They do this very well. Very very well. standardise the
> process, six sigma the shit out of it, hire the great unwashed herd of
> graduates pouring out of the universities - retrain them to be great
> processors and great business model. But this kind of model is very
> susceptible to dis-intermediation from further advances in technology. When
> I asked if can have some serious seed funding to develop products rather
> than just provide services, there was a bit of a hoo ha. I think a product
> plus service model is the best option, create great products and then have
> a long tail in services and maintenance contracts. we have some of these
> products but not enough. not easy to develop products - the eco-system
> isn’t there yet.
> so whilst i don’t think its the end of the road, but for example, every 2
> months I am in a conference where vendors pitch up talking about robotic
> process improvement or AI and how they are showing 20–50% reduction in warm
> bodies in agency/outsourced/offshored units. Where will these 20-50% of
> highly trained processors go when the infosys or TCS lets them go?
> Thankfully the economy is ginormous and we are well accustomed to poverty
> and pain and still have the joint / extended family to fall back upon. But
> for the IT industry? pain...
> i agree with Srini, changing careers is not easy for us desi’s….(says the
> man who has made a career of changing careers, heh).