Merchants’ Chamber of Commerce & Industry organised a Special Session on “Future of Work and Implication for HR”, today at the MCCI Conference Hall.
Prof. Ranjan Das, Chairman & Chief Mentor, of The Strategy Academy, and Shri Soumitra Poddar, Founder Partner, Strategic Services addressed the Session.
Prof. Ranjan Das, Chairman & Chief Mentor, of The Strategy Academy, said that the “Human Brain is always better than the machine”. He suggested that humans should collaborate with machines since automation always increases the productivity of workers. Talking about CHAT GBT, he said, the existing skill may be replaced but the creation of jobs is ongoing.
Prof. Das pointed out that data processing is now changing in data interpretation. He also deliberated that only 17% of the global executive are ready to manage a workforce with people, robots & AI working side by side. He further mentioned Gig workers are coming in border ways.
To survive with this new technology in the workforce, Prof Das highlighted that companies should rescale educational strategies and invest heavily in retraining and modification. It is expected that 50% of the companies can be converted into automatable activities in near future.
Shri Soumitra Poddar, Founder Partner, Strategic Services in his address said that data science is the process that extracts information in decision making. However, there is still a limited number of data scientists in the market.
Shri Tushar Basu, Co-Chairman, of the Council on Human Resource and Skill Development, MCCI, in his welcome address, said that the role of HR has completely transformed post-pandemic. The past few years have redefined the human resource management industry in more ways than one. “We are all aware that HR faces changing work and employee expectations. HR leaders need to constantly re-examine workforce planning, emerging skills & training of employees, the impact of artificial intelligence & other technological changes, the employee experience and so much more as business disruptions reset key work trends – many irreversibly.
