Question

in 3/4 paragraph explain about firms using automation without regard to its impact on society?

Answer 1

Rapid globalization and innovation of technologies have thrust the organizations into huge competition in the global market. Firms are constantly putting their efforts on enhancement of the production to sustain in the market and hold their position. It directs the increasing number of uses of automation. Upgraded versions of automobile engineering and technologies have minimized human efforts and reduced time to complete any project. Big organizations are engaging artificial intelligence and automation to fulfill their market demand and also to get competitive advantages.

However, there are so many debates whether the use of automation can actually lead the economy of the country, or it may damage the society as many workers are losing their job. Use of automation reduces job opportunities for society and increases the number of unemployment for any country.  

Nonetheless, the present trend in the trade industries is only gaining momentum. Every business process such as audit, human resource management, customer service departments, production analysis, and several other important divisions of any organization is now dependent on automation and advanced technologies.

Small and medium scale industries have lower budgets, and they cannot effort training for up-skilling their employees. Also, the increase in employee number seems to be a burden for them as they have to spend a handsome amount of money for employees as a salary. Use of automation minimizes the cost of expenditure and increases productivity which increases profits.