The COVID-19 pandemic is making companies automate their workforce faster than expected globally, while firms with operations in India are accelerating their automation and digitization above the global average, a World Economic Forum study showed on Wednesday. The year-long study on the effects of automation in the workplace and the outlook for the robot revolution found that the ‘future of work’ has arrived early due to COVID-19 and may lead to 85 million jobs getting displaced in the next five years in medium and large businesses across just 15 industries and 26 economies.
At the same time, the robot revolution will create 97 million new jobs, but communities most at risk from disruption will need support from businesses and governments, the World Economic Forum (WEF) said.
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