1. Death Knell for physical wallet, 
2. ATM’s will be obsolete
3. Cashier, Cash counting machines, Cash Carrying Vehicles and related industry will become irrelevant.
4. Since everything will leave a trace, corruption it bound to decrease or lead to conviction.
5. Hoarding of money won’t be possible.
6. Tax Collection will grow exponentially.
7. Pickpocketer’s will become jobless :)

Have you ever given a thought about future job prospects??? What are the areas where maximum jobs will be offered?? What about the large no of students preparing for Bank PO and Clerical Exam?? What about the coaching industry related to Banking ???  

As per a conservative estimate more than 70% of Bank jobs as of today will vanish overnight.  Banking sector has seen a decline in need of manpower with the advent of FinApps which can take care of all the steps rom eligibility of loan to disbursal through pre defined programs. There would be no need for Cash Counters, Data Entry operators, Customer Service Executives as everything will be automated. etc.. The only jobs which I can foresee are related to Analytics and investments. The days of getting a job at bank and working till you retire are long gone and we need to awaken to this reality. 

The same fate awaits all sectors of economy wherein manual repetitive jobs would be taken over by bots. There is an urgent need to think about the upcoming scenarios, revise our course curriculums by promoting critical thinking  and analytics as part of students curriculum. 

Want to know more about how to prepare next generation for upcoming challenges??

Contact us at @  future@hyderabadoverseas.com