Unveiling the Wisdom: Valuable Insights from Visionary Founders on Technology Advancements

National Technology Day is celebrated on May 11th as an occasion to honor Indian scientists, engineers, and technologists and to recognize and appreciate the progress made in the world of technology. As we accept the endless possibilities that technology offers, it becomes extremely important for us to understand its impact and find ways to ensure responsible innovation. Nowadays, with AI being the talk of the town, or better to say, the talk of the world, many AI and tech startups are emerging to explore and leverage its capabilities.

We at StartupTalky recognize the importance of connecting with visionary founders to gain valuable insights into the evolving AI and tech landscape. In this article, we bring you quotes from founders, sharing their thoughts on important topics like the impact of automation on the workforce, mitigating the negative consequences of advancement, staying up-to-date on the latest advancements in technology, and identifying and recruiting skilled individuals with expertise in cutting-edge technologies.

Let us now dive into the valuable insights shared by the experts and see what we can learn from them.

Mr. Sanjay Kalirona, CEO, Gizmore

Here are the insights shared by Mr. Sanjay Kalirona on different aspects of technological advancements.

Impact of Automation on the Workforce

Automation has had a significant impact on the workforce, especially in industries that rely on repetitive tasks. Advanced machines and software systems can perform these tasks with greater efficiency, replacing human workers. Although it reduces costs and boosts productivity, it can cause job displacement and economic inequality.

However, automation also creates opportunities for workers to upskill and transition to higher-skilled roles that require creativity and problem-solving. It must be ensured that all workers have the necessary skills and resources to thrive in this changing landscape.

Mitigating/Controlling the Negative Consequences of Technological Advancement

Technology advancements have provided countless benefits, but they have also had negative implications such as privacy concerns, environmental damage, and employment displacement. To mitigate these, people must be educated on the risks and promote responsible usage. Governments should enforce regulations on safety standards and transparency. Ethical implications and balance gains with individual rights must be considered.

Companies must design products sustainably, with safety in mind and ethical decision-making throughout. Lastly, collaboration between stakeholders is key to ensuring technology benefits everyone.

Staying Up-To-Date on the Latest Advancements in Technology

“Technological advances help businesses and individuals remain competitive in their respective domains. By utilizing cutting-edge tactics, strategies, and technologies, companies can dramatically enhance their consumer’s product user experiences. A great example is our feature-rich yet affordable smartwatches that feature a comprehensive health suite as well as the latest wearable tech, such as an AMOLED display and a heart rate sensor, allowing a more comprehensive smartwatch experience,” says Mr. Sanjay.

Keeping up with technology also fosters innovation by providing access to new ideas, concepts, and approaches that can inspire new and improved ways of doing things. It can increase productivity and efficiency, saving time and resources. The overall impacts can be monumental.

Identifying and Recruiting Skilled Individuals With Expertise in Cutting-Edge Technologies

Companies can use online networks and job boards such as LinkedIn, Indeed, and Glassdoor to acquire qualified individuals with knowledge of cutting-edge technologies. After precisely identifying skill sets for open roles, organizations can also hold events such as job fairs or hackathons.

Offering competitive pay packages and collaborating with universities and educational institutions can also aid in attracting and retaining top personnel.

Mr. Ankur Singh, CEO and Founder, Witzeal Technologies

Here are the quotes shared by Mr. Ankur Singh based on the themes of the article:

Impact of Automation on the Workforce

“Technology has been acting as an enabler for so many years and it continues to do so. The role of technology is now enhanced, and every corporate is looking forward to bringing in efficiency and cost-benefit. In a way, yes, it has impacted some segments of the workforce but definitely, the introduction of automation has not impacted a large amount of the workforce. The impacted segment has at many times reskilled or is being utilized in other areas to further negate the adverse impact, if any. However, the benefits of using automation in many areas have reflected positive results over a period of time.”

Mitigating/Controlling the Negative Consequences of Technological Advancement

“First and foremost is identifying and scoping out the exact needs and the problem at hand for which we are looking for a solution. If the solution lies in technology, then to what extent it would be required and how it has to be implemented is the primary aspect to control the negative consequence.

Secondly, it is important to understand the benefits that may accrue to the corporate in the medium and long term and whether it would impact any segment of the workforce. It is important that the workforce is aligned/reskilled to ensure the hat impact is not sudden and it does not create confusion or incorrect image building of the corporate.

Lastly, one should ensure that technology is only to aid in efficiency, economies of scale etc but it cannot replace human talent and therefore, too much embracement of technology without appropriate thought processes would be over-killing the problem required.”

Staying Up-To-Date on the Latest Advancements in Technology

“In today's fast-paced world, technology is advancing at a breakneck pace, and it's more critical than ever for both employees and employers to stay current with the latest advancements. For employees, staying relevant and updated with the latest technology brings in effectiveness, and efficiency and at the same time improve their skillset, and advance in their careers. Employers who provide their employees with training and resources to keep up with technological advancements can create a more engaged and loyal workforce. For employers, staying up to date with technology can help them streamline processes, reduce costs, and improve the customer experience. In today's digital age, it is important to keep pace with technological progress to seize opportunities and march ahead to make the company the best place to work.”

Identifying and Recruiting Skilled Individuals With Expertise in Cutting-Edge Technologies

"Hiring in technology has definitely been challenging since the covid times. Getting the right skill is time and cost-consuming. We would look for logical understanding, dedication, or commitment aspects in the candidate. We believe that if there are attributable skills that in the long run would make the candidate a high performer are these skill sets. The usage of technology is the second phase in identifying if the candidate is good at the particular technology. For these purposes, conducting some basic tests, interviews, and in particular reasoning abilities will enable decision-making," says Mr. Ankur.

Mr. Pawan Kumar, CEO, Elista

Here are the insights shared by Mr. Pawan Kumar on National Technology Day.

Impact of Automation on the Workforce

The rise of automation will have significant implications for the future of the workforce. While it brings accuracy, precision, and efficiency to the processes, it will also replace people opposed to automation with people trained for it. Automation is here to stay and be more advanced with time. Investing in reskilling and upskilling the workforce for the new jobs created by automation is essential.

Mitigating/Controlling the Negative Consequences of Technological Advancement

Technological advancement has brought numerous benefits to society. However, as everything has a flip side, it has also given rise to negative consequences such as job displacement, privacy concerns, and environmental impact.

To start with, governments can regulate the development and use of technology to ensure that it does not cause harm to society. It can include laws requiring companies to adhere to specific safety standards, protect user privacy, or limit the use of certain technologies with negative consequences.

Educating the public about the potential negative consequences of technological advancement and how they can protect themselves is also essential. It can include educating people about data privacy and security, responsible use of social media, and the environmental impact of technology.

Staying Up-To-Date on the Latest Advancements in Technology

To stay up-to-date on the latest technological advancements, individuals and organizations should continue to invest in research and development to stay ahead of the curve. Staying informed about the industry and global tech trends can help anticipate new technologies and adapt accordingly.

For instance, engaging with stakeholders like end consumers can provide valuable insights into their needs and preferences, informing the development of new technologies and products.

Identifying and Recruiting Skilled Individuals With Expertise in Cutting-Edge Technologies

To identify and recruit skilled individuals with expertise in cutting-edge technologies, organizations should clearly define skill sets for all jobs and work towards developing a strong employer brand.

It is helpful to leverage professional networks such as LinkedIn, industry associations, and conferences to identify skilled individuals in cutting-edge technologies. These networks provide access to a talent pool with specific skills and expertise.

Most importantly, companies should offer competitive compensation, benefits, and growth opportunities to attract and retain skilled talent.

Mr. Vikram Ahuja, MD ANSR and CEO & Co-Founder, Talent500

Here are the insights shared by Vikram Ahuja regarding the impact of automation on the workforce, recruiting skilled individuals, and staying up-to-date with the latest technological advancements.

Impact of Automation on the Workforce

Automation can have a positive impact on the workforce in several ways. It can increase productivity, improve safety, reduce costs, enhance job satisfaction, and create new job opportunities. By automating routine tasks, workers can focus on more complex and strategic tasks, which can lead to increased efficiency and creativity. However, the impact of automation on the workforce is not evenly distributed and can lead to job displacement and changes in job requirements. It will be important to invest in education and retraining programs to help workers adapt to these changes and remain competitive in the job market.

Identifying and Recruiting Skilled Individuals With Expertise in Cutting-Edge Technologies

Structural issues suggest talent demand-supply for cutting-edge technologies will remain globally imbalanced in the near term. Although organizations are resorting to compensation corrections, bonuses, and flexible working location options, more creative measures are needed to attract top talent. Organizations will need to make intentional efforts to address talent-related challenges. They may transform in a variety of ways, including continuously investing in employees’ reskilling- upskilling, improving employer brand and workplace culture, looking at alternative talent sources (tier- 2/3 locations, acqui-hiring, partnering with academia, etc.), making employee referrals attractive, or creating programs to promote diversity, equity, and inclusion. In perspective, there is no unique strategy that can help companies win the war for top tech talent, rather it requires a mix of different tactics to identify and recruit skilled individuals.

According to a recent survey by ANSR, 65% of the leaders believe that providing a clear career path and growth opportunities is the best way to attract and retain talent. 55% of them have an increased focus on Employer Brand as a strategy to attract the best tech talent.

Staying Up-To-Date on the Latest Advancements in Technology

To stay up to date on the latest advancements in technology, individuals can attend industry events and conferences, follow industry leaders and experts on social media, join professional associations, read industry publications and blogs, and take online courses and training programs. These strategies provide access to industry-specific resources, education opportunities, and networking with peers and experts. By staying informed and knowledgeable about the latest trends and technologies, individuals can remain competitive in their careers and contribute to their organization's success.

Mr. Gautam Raj Anand, Founder, Hubhopper

Here is Mr. Gautam's take on staying up-to-date on the latest technological advancements and identifying and recruiting skilled individuals with expertise in cutting-edge technologies.

Identifying and Recruiting Skilled Individuals With Expertise in Cutting-Edge Technologies

Identifying and recruiting skilled individuals with expertise in cutting-edge technologies can be a challenging task, but with the right approach, the chances of success are high. One should clearly define the specific cutting-edge technologies and skills s/he is looking for. This will help in narrowing down the search process and finding the right candidates. In podcasting, determining the specific technologies and skills may include audio editing, sound engineering, equipment handling, podcast hosting, content distribution, and analytics.

Before recruiting skilled individuals with expertise in cutting-edge technologies, one should always explore online communities, forums, and social media groups dedicated to podcasting and look for platforms like Reddit, Facebook groups, and specialized forums where podcasters and audio professionals gather. These communities can provide valuable insights, connections, and potential candidates. One should always remember to tailor their recruitment strategies to the unique requirements and challenges of podcasting technologies. There is an imperative need to stay informed about the latest trends, platforms, and tools in the industry to attract skilled individuals who can contribute to any podcasting endeavors.

Staying Up-To-Date on the Latest Advancements in Technology

"Speaking about technological advancements, we focus more on digital audio technology, which can be considered an extremely exciting space to be looking at. The primary reason is that it lowers the barrier of creation across a whole range of creators like writers and book publishers," says Mr. Gautam.

Today, through voice synthesis, podcasters can record one chapter of a book while the rest of the book automatically gets processed utilizing the sample of that voice. Another major implementation of advanced technology is AI-based voice assistance/tech. It can be safely stated that this space is going to grow exceptionally fast in the next 3-4 years, given the rise in audio consumption and audio creation. However, while a lot of fundamentals of the technology are strong, there are also certain drawbacks in the technology at the present time, which results in the error rate, which is fairly high.

Mr.Trishneet Arora, CEO and Founder, TAC Security

Here are insights from Trishneet Arora on how to mitigate the negative consequences of technological advancement.

In today's world, technology is advancing at an unprecedented pace, bringing with it a host of benefits and challenges. While technological advancements have brought significant improvements to our lives, they have also resulted in negative consequences such as privacy breaches, cyber-attacks, and the spread of fake news.

We at TAC Security, advocate for a culture of responsible innovation to mitigate the negative consequences of technology advancement. This requires individuals and organizations to proactively identify potential risks and ethical considerations associated with any new technology and take steps to address them. The importance of education and awareness-raising initiatives to foster this culture and ensure that new technologies are developed in an ethical and responsible manner, says Trishneet.

The development of artificial intelligence and machine learning technologies raises significant ethical concerns, including the potential for these technologies to perpetuate existing biases and discrimination. A culture of responsible innovation can help address these concerns by prioritizing ethical considerations and proactive risk mitigation.

In conclusion, a culture of responsible innovation is essential for creating a sustainable and positive future for technology.

Mr. JP Mishra, Country Manager India- Newland AIDC

Here are JP Mishra's views regarding the Impact of Automation on the Workforce for National Technology Day.

As automation and artificial intelligence continue to advance, there is growing concern about how these technologies will impact the workforce. Automation has made a significant impact on the workforce, both positive and negative. On the one hand, automation has led to increased productivity, efficiency, improved quality, and safety in many industries, allowing companies to produce more goods and services with fewer workforce.

Automation has led to job losses in certain sectors, such as manufacturing and assembly line work. On the other hand, automation has also created new job opportunities in fields such as technology, data science, analytics, and robotics. Additionally, it has led to the development of new industries and businesses.

The overall impact of automation is complex and varies by industry, job type, and location. In general, jobs that involve repetitive tasks or can be easily replaced by machines are more at risk, while jobs that require human skills such as creativity, problem-solving, and social interaction are less likely to be automated.

Automation also creates as many jobs as it destroys over time. Workers who can work with machines are more productive than those without them; this reduces both the costs and prices of goods and services and raise consumers' living standards.

In the short term, the impact of automation may be low for workers of all education levels, but in the long run, the estimates show that those with lower education levels could be much more vulnerable to being displaced by machines.

Government and Corporates need to work together to help people to adjust to these new technologies through retraining and career changes. A culture of adaptability and lifelong learning will be crucial for spreading the benefits of AI & robotics, especially with an aging population. STEM skills will be important for the workforce to take high-technology jobs that will arise out of AI & automation.

Mr. OmPrakash Muppirala, Head of Fountain India

Here's a quote from Mr. OmPrakash Muppirala, Head of Fountain India, on the Impact of Automation on the Workforce for National Technology Day.

“Automation is the foundation for a faster, more efficient, and productive workforce. One area where automation has proven to be particularly impactful is in hiring and recruitment. Adopting automation speeds up decision-making, leading to a more efficient and streamlined candidate experience. Moreover, automation technologies, like AI, offer extensive benefits such as long-term cost savings, increased hiring speed, and enhanced visibility and insights. It's essential to acknowledge the significance of automation in the hiring process and start exploring ways to implement it for better operational efficiency. The future of hiring has arrived, and it's time to start leveraging automation to reap its benefits.”

Conclusion

National Technology Day gives us a chance to reflect and consider the amazing advances technology has made in our lives. We can greatly benefit from the above insights shared by the visionary founders as we navigate the ever-evolving technological space. It is essential to create an ecosystem that encourages responsible innovation and recognizes the power of technology. By understanding the challenges and opportunities that lie ahead, we can shape a future filled with endless possibilities.