Rapid technological advancement has resulted in unprecedented levels of AI and automation. It is anticipated that 40 to 50 percent of low-skilled employees will be automated by the mid-2030s.
The Nepalese tech revolution investigates elements of the post-pandemic era, particularly how enterprises adapt to the influence of automation and technology on employment availability. It also looks at governments’ and corporate leaders’ judgments on cybersecurity management and data and privacy protection.
According to studies, technology has the potential to replace up to 70% of occupations in Nepal over the next decade or two, and maybe within the next 20 years.
Nepal must take proactive steps and begin investing in information technology education. This is done to guarantee that low-skilled workers have the information and technical know-how they need, as well as problem-solving, discursive reasoning, and socio-behavioral abilities, to survive in technologically sensitive businesses. They will not be alarmed by the increased use of technology in the workplace.
The World Bank has urged Nepal’s government to establish universal social security policies as well as policies that promote increased productivity, skill development, and human capital in the new normal. According to the analysis, if Nepal prioritizes investments in automation and robotics technologies, it would create more job prospects.