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ISSN Number:
2582-8568


Journal DOI No:
03.2021-11278686

Title:
A Study of Effect of Automation and Artificial Intelligence on the Labour Market with reference to Indian Start-Ups

Authors:
Dr. Devadatta Shelake

Cite this Article:
Dr. Devadatta Shelake ,
A Study of Effect of Automation and Artificial Intelligence on the Labour Market with reference to Indian Start-Ups,
International Research Journal of Humanities and Interdisciplinary Studies (www.irjhis.com), ISSN : 2582-8568, Special Issue, January 2025 One Day International Symposium Organized By SETH HIRACHAND MUTHA COLLEGE OF ARTS, COMMERCE & SCIENCE, KALYAN (Maharashtra, India), Page No : 74-80,
Available at : http://irjhis.com/paper/IRJHISIS2501010.pdf

Abstract:

The 21st Century has witnessed a massive introduction of automation and adoption of Artificial Intelligence in the manufacturing sector. This has changed the very face of the industrial organizations. Its implication has several dimensions in various aspects and labour market is not an exception to it. Automation and the general use of technology in the manufacturing and service industries were spurred by the Industrialization. Automation generally refers to the integration of equipment into a self-regulating system. Automation has affected almost every aspect of contemporary life and altered the industries in which it has been used. It generally recommends integrating machines into an autonomous system. The process that robots, especially computer systems, mimic is known as artificial intelligence (AI). Advances in AI techniques have not only led to an explosion in efficiency but also opened up entirely new economic potential for some larger businesses. "Startups employ more people than large corporations." This article aims to examine the effects of automation and artificial intelligence on the employment market, with a particular focus on Indian start-ups. Start-Ups are largely responsible for the increase in employment in India, and in 2024, this trend is expected to continue India is home to a flourishing startup culture that is driven by a strong sense of entrepreneurial spirit, aspiration, and inventiveness. Youths' mindsets need to gradually shift in order for them to pursue creativity and launch their own businesses. Although this is a drawn-out procedure, making a conscious effort to complete it will be beneficial. In this sense, the university-established incubation centres can be beneficial. Without a doubt, the labour market will get better in the long run.



Keywords:

Automation, Artificial Intelligence, role of the start-ups, change in the mindset of youths. Government support.



Publication Details:
Published Paper ID: IRJHISIS2501010
Registration ID: 21736
Published In: Special Issue, January 2025 One Day International Symposium Organized By SETH HIRACHAND MUTHA COLLEGE OF ARTS, COMMERCE & SCIENCE, KALYAN (Maharashtra, India)
Page No: 74-80
ISSN Number: 2582-8568

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ISSN Number

ISSN 2582-8568

Impact Factor

5.71 (2021)

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03.2021-11278686