Disturb the universe in positive and powerful ways – this was the call given by Chairman, Anand Mahindra to employees at the recently held Group Corporate Office (GCO) Annual Communication Meet. The theme ‘A Totally Different World’, acknowledged the pace and complexity of change in the coming years.
Each year, at this Meet, the GCO employees spend time sharing highlights from the last year, priorities for the year ahead, our aspirations for the future and actions we are taking today – all of which reflects who we are, who we aspire to be, and a call to action for us all. In his Fireside Chat, Mr. Mahindra discussed a variety of topics. In this issue of Echo we highlight his views on how innovation and new technologies would radically change the business landscape, opportunities that it would create for business and for each of us in the future.
We bring you excerpts from the chat with Mr. Navin Raju, General Council and Executive Vice President Group Legal.
In this age of fast-evolving automation-related technologies like IoT and Bot, how and where do you think people power can be leveraged for the benefit of our organization?
I haven't seen a chatbot which can come up with a vision statement. The day somebody tells me that you can devise an algorithm and replace a human being to create a vision statement for an organization, then I'll tell you humans are in danger. Until then, they won’t be.
Thanks to technology such as Artificial Intelligence (AI), Robotics and Blockchain, jobs are likely to reduce. How should we maneuver through these complexities and remain relevant in business?
Every time there's been a quantum leap in technology, probably since the beginning of the Industrial Revolution, there has been concern about jobs being lost. There is an ecosystem around every kind of technology. What we fail to recognize is that even as we are pessimistic about the loss of jobs, every new technology results in the creation of a new ecosystem and new jobs. Am I being a little too complacent? Yes, I guess I must temper that by saying that these new jobs are going to require new skills.
Give us a glimpse of the Future of Mobility, which Mahindra is aiming to enable. What are our next big bets in the Electric Vehicle (EV) space?
I see mobility evolving into three distinct segments, the commoditized commuting end, with ride sharing solutions using electric and autonomous vehicles. Then you will have lifestyle and recreational vehicles for leisure usage and finally high performance cars for those who love driving. That's the broad scenario, I see for the future.
Watch Anand Mahindra share his thoughts on digitization and it's impact on people, processes and jobs.
Click here to see the video