Tenurial employment to give way to assignment-based engagement: Dr. Chand

Sambad English Bureau Published On : May 21, 2023 at 8:12 PM

Bhubaneswar: The roundtable conference of AIMS eastern region Deans and Directors was held in Odisha capital yesterday.

The theme of the conference was ‘Education 4.0 and impact of National Education Policy (NEP) 2020 on Management education’. Dr. TK Chand was the chief guest of the valedictory ceremony of the conference.

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“We are now at the threshold of fourth industrial revolution. This revolution is getting powered by a cluster of cutting-edge technology like AI, Robotics, big data, IOT and ARVR. Introduction of these technologies is inevitable as they have the in-built incentives of reducing specific capex and opex and making the goods and products cost competitive with better quality,” said Dr. Chand while addressing the gathering.

This revolution will bring a disruptive change in job scenario with elimination of repetitive jobs and emergence of new jobs in the areas of creativity, innovation, research and development. Industry requires job ready professionals trained in AI and other cutting edge technology, he added.

Dr. Chand opined that new education policy has rightly envisioned India to emerge as knowledge super power at global level for which creativity and research will be the main focus area. Elaborating the disruption in job profiles, Dr. Chand mentioned that tenurial employment will slowly give way to assignment-based employment.

“Large industries will no more be the source of employment but they will facilitate employment in MSMEs who will benefit from the scope of large-scale outsourcing brought in by new technology,” he said.

Dr. Chand gave the example of introduction of Automated Robotic Processing (ARP) in commercial functions introduced by Vedanta aligning thousands of suppliers and materials. He suggested that Business schools should have subjects on problems and prospects of MSMEs and ecosystem on start-ups.

“Flexible curriculum, interdisciplinary learning and multiple exit and entry during the study will better suite business executives and B-schools should introduce these changes as provided in NEP-2020,” Dr. Chand said.

Prof. Ramesh Behl, Chairman, AIMS Odisha Chapter gave the welcome address at the event.