Benefits from automation being looked into

New Delhi, Feb. 28: With the rise in automation, 52 per cent of CEOs say they are exploring the benefits of humans and machines working together and 39 per cent are considering the impact of artificial intelligence on future skill needs, says a PwC survey.

According to PwC's 20th CEO Survey, in which 1,379 CEOs from 79 countries were interviewed, the rise of automation will transform the role people play at work. While, different skills will be needed, some roles will disappear and others will evolve.

Success in an automated world will mean people and machines working together, rather than one replacing the other, the report said adding that there will be a re-balancing of human capital as organisations adjust.

“As digitisation and artificial intelligence take deeper root in the workplace, companies in India will have to increasingly focus on achieving the right cognitive re-apportionment between man and machine,” Padmaja Alaganandan, People and Organisation leader, PwC India said.

Alaganandan further said that in order to successfully navigate this changing workplace model, we will need strong leaders who can make sense of ambiguity, maintain trust with employees and put in place the right culture and values.

Around 78 per cent of CEOs are actively taking steps to improve their access to talent and attract the people they need by changing their people strategy to reflect the skills and employment structure they need for the future, the report added.