sustainable development goals

I Get Excited and Depressed When I Read Stories Of Automation & Robots

~ Venkata Gandikota

I just read this article in The Guardian, titled “Robot factories could threaten jobs of millions of garment workers”

This is neither the first nor the last article to be published on this topic.

Also according to the article,the International Labor Organisation (ILO) has a report stating that up to 90% of workers in south-east Asia could face unemployment due to automation. So this is just one field. Now think about how automation will have repetitive jobs eliminated in all the different fields not just in developing countries but also in the developed world! It will be an unemployment nightmare because it is far difficult for people to update their skill sets in a short period of time to apply for new opportunities.

A simple Google Search with the words “Automation Job Loss” gives 1.3 million results. This already shows the volume of articles in this area.

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Sewbots are unlikely to appear in factories in Asia, the report says, but will be installed in destination markets like Europe and the US. It is such a big threat that the ILO urges Asean countries to start planning to diversify to “avoid considerable setbacks in development”.

I get excited when I read about automation because new tech is awesome and I get depressed because the transition for people to acquire new skills and be part of the workforce will be an increasingly difficult job.

Obviously this is not just a technology issue but a societal issue. So, factories will be coming back to the developed countries from these emerging markets but they don’t enhance employment opportunities in the developed markets in any significant way either.

Adidas announced a factory in Germany that will begin manufacturing shoes using robots in 2017. The “Speedfactory” will employ just 160 people: one robotic production line will make soles, the other production line the upper part of shoes. With an additional factory planned for the US, it is a scheme Adidas describe as a “gamechanger”.

Currently an Adidas shoe takes 18 months to produce from idea to shelf. The aim is to reduce this to five hours, with customers able to customise their order in stores.

There is a significant amount of experts who are pushing now to create some sort of “Basic Income” to counter this phenomenon. The idea of a “Basic Income” is that the state will providea minimum amount of money needed to survive to all it’s citizens so that it could provide financial security for people and at the same time help unleash their creative juices, get them to take more risks and be more entrepreneurial in their pursuits.

There is question and answer about how to tackle this automation in this specific context.

For the millions of people who stitch clothes and shoes for a living and who look set to be hardest hit by automation, could robots be an opportunity for fairer work?

“In a best case scenario, robots take on board the most repetitive, mundane and non-cognitive tasks of apparel manufacturing,” explains Chang. “Robots would also assume more of the dangerous and dirty tasks, like mixing of chemicals which can be hazardous to human workers. Ultimately, human workers would be able to perform more satisfying and rewarding, as well as higher-paid, jobs in the sector like programming robots for better production and design.”

I think this is more hope talking rather than reality. Because the transition to automation and building such factories will be lot quicker than making structural changes in the economy or for people to update their skills.

So, this again brings me to emphasise the importance of Frugal Innovations and creating quality, accessible, sustainable and affordable solutions.

So, as the quote goes “If not us, who? If not now, when?”

Businesses and innovators in both public and private sector need to learn to create such solutions because people and organisations with lesser financial resources will demand such solutions.

Impact Investing Is A Good Way To Go For Frugal Innovators As Well

~ Venkata Gandikota

Over the past 3 years, I have been developing ideas on all the different ways that Entrepreneurs and Startups who are creating frugal solutions can access capital.

Mind you if you are a big company that is publicly listed or even privately owned, then they can go for their own cash reserves or set aside budgets to deal with these as new R&D&I projects.

But for startups, they can either access traditional innovation funds in the public sector, or raise funds via crowdsourcing, or get funding via big foundations in your field. Now Impact investing is a growing phenomenon trying to take advantage of all these.

Came across this nice overview for Impact investing from The Global Impact Investing Network’s What You Need to Know About Impact Investing

Many types of investors are entering the growing impact investing market. Here are a few common investor motivations:

  • Banks, pension funds, financial advisors, and wealth managers can PROVIDE CLIENT INVESTMENT OPPORTUNITIES to both individuals and institutions with an interest in general or specific social and/or environmental causes.
  • Institutional and family foundations can LEVERAGE SIGNIFICANTLY GREATER ASSETS to advance their core social and/or environmental goals, while maintaining or growing their overall endowment.
  • Government investors and development finance institutions can PROVIDE PROOF OF FINANCIAL VIABILITY for private-sector investors while targeting specific social and environmental goals.

Just Came Across Conscious Capitalism – Initial Thoughts

~ Venkata Gandikota

“It’s not about minimizing costs and making profits. You have to build on growing, caring and making an impact.”- Babson College Professor, Raj Sisodia, co-founder of Conscious Capitalism Inc.

This above quote is from this article Conscious Capitalism: the Next Chapter in Business. 

This is part of the increasingly mainstreamed way of doing business. First came Corporate Social Responsibility (CSR), then Inclusive Business, Social Entrepreneurship, Impact Investing and Frugal Innovation have started to push business from “Laissez Faire Capitalism” to responsible capitalism.

This in combination with economists like Tomas Piketty’s “Capital in the Twenty-First Century” and Professor Angus Deaton (2015 Nobel prize winner in Economics) have started to highlight the necessity in creating a more responsible way of doing business.

I will have to read more, get more examples, digest them all and will get back to further thoughts on this in future blog posts.

Sepia Ink – A Suitable Cheap Alternative In Monitoring Groundwater Contaminants And Pathogens

~ Venkata Gandikota

Scientific article in the Journal of Contaminant Hydrology claims “Sepia ink is an organic pigment consisted on a suspension of eumelanin, and that has several advantages for its use as a promising material for introducing frugal innovation.

… in the fields of public health and environmental research: very low cost, non-toxic, spherical shape, moderate polydispersivity, size near large viruses, non-anomalous electrokinetic behavior, low retention in the soil, and high stability…

We concluded that sepia ink is a suitable cheap surrogate for exploring transport of pathogenic viruses, bacteria and particulate contaminants in groundwater, and could be used for developing frugal-innovation related with the assessment of soil and aquifer filtration function, and monitoring of water filtration systems in low-income regions.

Read the article if you are scientific minded or even if not, just go absorb the essential points they make at this link here.