Kerala has big advantage in Industry 4.0: KPMG CEO

United News of India

Noting that Industry4.0 is replete with good opportunities for Kerala, Chairman and CEO of KPMG, Mr. Arun Kumar, on Friday said the state’s knowledge the economy has tremendous potential to emerge as an economic powerhouse of the country by taking advantage of the transformations by creating the right ecosystem.

“If Kerala creates the right ecosystem for new-age technologies like artificial intelligence (AI) to flourish, the state can secure a pioneering status,” said Mr. Arun Kumar, addressing the valedictory session of TRIMA 2020, the flagship annual management convention of Trivandrum Management Association (TMA).

“Studies by the World Economic Forum show that about 50 percent of current tasks in skills will be replaced by AI. Kerala has a tremendous opportunity in these emerging technologies and it would enable the state to become the next economic powerhouse of India,” Mr. Arun Kumar, who was the chief guest at the session, said.

He, however, noted that it was important to completely revamp the skilling ecosystem to make rapid strides in securing a better future by generating jobs.