From playwright to play-it-right: robots, entrepreneurs, CEOs and the VUCA world
Robots have always been disruptive since their conceptual idea in itself, a hallmark of a VUCA (Volatile, Uncertain, Complex, and Ambiguous) environment. The idea that a machine could be designed to perform activities attributed to humans and sometimes surpass them was not easy to grasp. Interestingly, the origin of the word “robot” is of academic interest when about a century ago it was coined by Czech playwright Karl Capek in one of his plays.
Then another writer by the name of Issac Asimov coined the term robotics in 1941 and came up with the Three Laws laying the foundation for further studies in the field. Transcending from academics, the concept of robot and robotics has led to the current transition through the advent and evolution of industries over time and supporting services associated with human consumption. With the dynamic changes imposed in times of pandemic, Robot, entrepreneurs and CEOs are connected in the VUCA world. Beware of VUCA in Start-ups!
Can you possibly ask Alexa® and face reality?
While one might take a breather that robots taking over daily tasks or being smart enough to look and behave like humans are still likely a few decades away from realistic commercial availability, there is no doubt that their intervention in our daily lives is no longer subtle. Demonstration of robots’ highly adaptive skills can be seen in mobile voice assistants, smart app-driven kitchen appliances, user-specific predictive advertisements, and more.
In fact, they assist humans in decision-making in daily life by revealing their way of thinking, their tastes and other affinities. So, in such a world of opportunities, where does the entrepreneurial community stand? Are they really picking up the signals for future preparation on the ground?
In some countries like China, South Korea, Japan to name a few, the concept of robots in human form or in the form of pets is attracting the interest of the population, but the field is still very nascent. With few exceptions, robotics still have a long way to go to become meaningful cyborgs.
Undoubtedly, the aesthetic and realistic appearance of the robots will attract people’s attention. The chances of companies needing robots, spreading and infringing the personal space of humans, are very high. So how do we and CEOs prepare to approach the future defined by such a scenario?
We will all agree that the speed of change and evolution of technology will accelerate in the near future, calling for strategic preparation in all areas of human existence. For populous developing economies where labor resources are abundant, it is not easy to assess the position in terms of readiness for the adoption of robotics-based automation in high-intensity enterprises. labor intensity.
Immediately the eternal question of the ages arises – what happens to human labor? But the question of how to achieve a just transition, balancing the human-robot mix in a commercial environment, deserves further exploration. The very idea that the region remains largely untapped due to the monopolistic existence of a few established names should motivate entrepreneurs to dive in and emerge with the pearl of timely new avenues.
Future-Ready Entrepreneurs and CEOs
The depth available for the expansion of robotics-based applications in the Indian context presents an obvious scope, but the dearth of technology companies looking to expand into this industry is still an enigma. There is therefore a void to be filled for the entrepreneurial community. Some of these areas of focus could be cost optimization towards end-to-end implementation of robotic process automation solutions and moderating the impact on employment levels where implementation is possible.
Another area worth a dive is the potential realignments being considered due to the impact of robotic process automation on the offshore BPO market. Future strategic paths and recommendations for companies that are very ready to use RPA also require a lot of thought. Spotting potential pitfalls and anticipated challenges can help identify areas of opportunity that many have already sought out as low hanging fruit, but the foresight glasses needed to see the next big ones are worth putting in place.
Additionally, instilling confidence in the quality aspect of human-programmed RPA will also require great depth. The field of robotics has the ability to generate skill-based jobs for technically skilled programmers, designers, scientists, and researchers with highly satisfying career rewards.
The question is whether future-ready entrepreneurs and CEOs are ready to play well.
Written by Dr. Manoj Joshi.
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