The primary issue that arose at the plenary on ‘Promoting Innovation and Disruption in the Fourth Industrial Revolution (4IR)’, at the 12th South Asia Economic Summit (SAES XII), organised by the IPS, was the role of disruption in the status quo. The panel deliberated on whether governments and corporations should embrace and utilise disruption despite its drawbacks, or regulate extensively to curb it.
Innovation and technology are rapidly transforming production in a variety of industries and reshaping occupation profiles. Some jobs are being made obsolete while there are new types of work emerging. Is Sri Lanka’s job market ready to face the challenges and leverage the opportunities presented by the Fourth Industrial Revolution? Nisha Arunatilake and Chathurga Karunanayake explore.