Narayana Murthy says, “Don’t believe Technology will take away jobs” - TNBCLive

Emerging technologies like Machine Learning and AI (Artificial Intelligence) will not leave people without jobs in the far future, claims Infosys co-founder NR Narayan Murthy. AI and Machine Learning will, on the contrary, will create more opportunities for human being, said the IT industrialist.

Mr. Murthy said that “AI definitely is a very important topical area of computer sciences. AI, machine learning, big data analytics, Internet of Things (IoT), these are all areas which are likely to make the lives of human beings even more comfortable.”

For instance of the UK, the US, and Japan that embraced technology early on, the Infosys co-founder said that these nations have been able to reduce the unemployment rate to a single digit.

As per the WEF (World Economic Forum) report, the rapid growth of machines and algorithms in the workplace could create 133 millions of new roles in place of the 75 million, which is likely to deplace by end of 2022.

“If you observe the economic history of this world, in the last 50 years when computers started playing a bigger role, you can realize that those countries that absorb technology more enthusiastically have reduced their unemployment much more than those which did not embrace technology,” added Mr. Murthy.
He further dismissed that the theory that the technology has left most of the people unemployed. Mr. Murthy also said that “It is not really true. What technology does is it provides an opportunity for human beings to move from drudgery tasks to tasks that require more and more human touch.”

Infosys co-founder NR Narayan Murthy said that the ATMs are a classic instance of Technology that making human lives easier as they have removed “this whole drudgery of tellers” and brought the convenience of money withdrawing from a nearby machine whenever need, and at any point of time.

“I am not a believer that technology will render societies into a state of higher and higher unemployment,” said Mr. Murthy on the sidelines of the Infosys Prize ceremony, on Saturday.

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