Tech may be taking away jobs, but it is creating many more of them: ULCC Group CEO Raveendran Kasthuri

There is no need to raise an alarm over loss of jobs from induction of existing technology, because even more jobs are being created in its wake, says Raveendran Kasthuri, ex-IBMer and Group CEO of the Uralungal Labour Contract Cooperative Society (ULCC), based in Kozhikode, Kerala. Started as a cooperative society by labourers, ULCC has now grown to become one of the largest workers' cooperatives in Asia, at a time when, back home, cooperatives have come under the regulatory scanner for many reasons. As Group CEO, Kasthuri also looks after UL technology Solutions (ULTS), which was established in 2011 to maintain a balance between traditional and modern technologies. It offers a unique mix of traditional values and modern technological insights in its services and helps to formulate and implement comprehensive solutions for clients. ULTS describes itself as a cooperative corporate, with a focus on technology verticals such as Geographic Information System (GIS), Enterprise Resource Planning (ERP), Internet of Things (IoT), Blockchain, Artificial Intelligence (AI) and analytics.