A recently released report titled ‘The Future of Work is Now: Is APAC Ready?’ has ranked India 5th highest in terms of the impact from automation & 9th in terms of level preparedness among 12 Asia-Pacific (APAC) countries. The report was commissioned by Autodesk Foundation & conducted by Deloitte.
- Most Prepared – Japan, Singapore and Australia are the most prepared for the coming wave of automation.
- Least Prepared – India, Bangladesh and Pakistan are most at risk and are least prepared for the incoming wave of automation.
- The report explores the state of automation and future of work across 12 Asia Pacific countries – Australia, Bangladesh, India, Indonesia, Japan, South Korea, Myanmar, Pakistan, Philippines, Singapore, Thailand and Vietnam.
- It provides a quantitative estimate of Industries which will be the most affected due to automation.
i.The top three industries which face high risk due to automation are Construction, Mining, and Transport.
ii.India faces a high impact due to automation as it has large employment shares in Agriculture, Manufacturing and Construction (5th Most Vulnerable Construction Sector among APAC countries).
iii.Globally, COVID-19 has accelerated the adoption of automation. Around 50% of all businesses aim to increase the adoption of robotic process automation by 2022.
iv.The report proposes several steps such as Increasing awareness, Funding of industry-specific programs for automation transformation, Investing in learning programs to help disadvantaged workers to address the risks of automation. workers and build resilience.
APAC is home to 60% of the global workforce, and the world’s largest developing economies (China & India)
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October 21, 2020, According to the 3rd Edition of “The Future of Jobs Report 2020” released by WEF, COVID-19 and Technological Advances will disrupt around 85 Million Jobs by 2025.
About Autodesk Foundation
President and CEO – Lynelle Cameron
Headquarters – San Francisco, California, USA
Global CEO – Punit Renjen
Headquarters – New York, USA