Careers in the Wake of Artificial Intelligence (AI)

Technological disruptions are seen as a threat to existing jobs and even businesses whether it is AI (Artificial Intelligence), IoT (Internet of Things) or Automation. Artificial intelligence has sparked a row about its impact on jobs and society. When we discuss about a phenomenon like this, we must understand the fact that change is the law of nature and that is how humans have evolved.

When robotics was introduced in automobile sector it was hugely debated and was seen as threat to assembly line jobs but what we see today is increase in car sales, manufacturing of affordable cars and overall growth of industry ultimately resulting in job creations. Same was the case when computerization of banks started in India it was hugely debated but if we look at it now, we can see drastic changes in terms of quality and speed of transactions as well as more job creations. ATM's are another example. The point is that in all the above scenarios strong technical as well as human skills are required, and continuous learning becomes need of the hour. 

In a recent report PwC states that while AI could displace 7million jobs in UK, it could also create 7.2 million jobs.  It will require strong technical capabilities as well as skills like creativity, problem solving attitude and teamwork which are unique qualities of humans and can't be replicated. Therefore, learning will be the most important aspect of employability and only technical skills will not be enough for future jobs, strong management skills will become quintessential which can be acquired by quality management education. Thus, in order to thrive one must abreast with the skills required through education and continuous learning.

#Dr. Akshat Aditya Rao, School of Management, The NorthCap University Gurugram

Market Crash – What to Do?

“Sensex cracks 714 pts, Nifty below 10,500: Exit poll, growth worries weigh” The Economic Times. 

A stock market crash is an abrupt theatrical decline of stock prices across a momentous cross-section of a stock market, resulting in a substantial loss of paper wealth. Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles. Stock market crashes and pullbacks can seem terrifying or scary. But you are actually worse off in your Individual Retirement Account by not investing in stocks than you are if there is a pullback or crash. Because wealth is all about investing and to do that, you have to take risk and invest. Since yesterday, the market is getting down because of expecting political changes in the country. 

In fact, the market has not crashed but with the increased volatility and the current bear market, it is on everyone’s mind. So it is advisable to not freak out as market crashes are normal and market doesn’t go up in a straight line. It is further advisable to diversify your money in different investment avenues along with stock market and to invest in the companies that are undervalued, profitable and have good Balance Sheets as these type of companies are likely to survive a recession.

#Dr. Esha Jain, School of Management, The NorthCap University Gurugram.

Talent Search at SOM

The School of Management organized the 'Talent Search' – A competition based event from 18th April '17 to 21st April'17. The objective of conducting this was to identify and encourage students, who are self-driven and looking beyond their textual knowledge. It comprised of various competitions namely; Extempore, Video Analysis, Case Analysis and Creative Writing. Students from BCom (H), BSc. Eco (H), BBA and MBA took part in these competitions. Participants highly appreciated the Video Analysis and are looking forward to more of such opportunities. These events were coordinated by Dr Alpana Agarwal, Dr Mansi Khurana, Dr Saumya Dixit supported by students-Vimal Dahiya, Mahima Anand and Manu Jain.