As generative artificial intelligence (AI) begins to threaten certain jobs, Sandip Patel, Managing Director, IBM India/South Asia, has said that AI will actually create more job options that it destroys.
Speaking to IANS, Patel said that he has seen technology and multiple innovations evolve over a period of time.
“I firmly believe AI will create more jobs than it destroys. People are usually very scared when imagining entirely new jobs. For example, take the Internet, when the Internet came right, and you had web publishing and all things that were web-enabled, it led to job decline in certain sectors like newspaper printing,” he explained.
However, it also resulted in entirely new job categories like web design, data science, digital marketing and web publishing, which employ millions of people, he added.
“So, one of the things which we have been very articulate about and keep harping on is that re-skilling will play a very important role,” Patel stressed.
While 46 per cent of the companies in India are currently training or reskilling employees to work together with automation and AI tools, it leaves room for a lot more to be done.
“This is something that the government clearly recognises,” he said.
When we look at employees within the organisation, 50 per cent say they are excited to work with new AI and automation tools.
“So, the question now is how do you train a vast pool of people? Everyone can’t be a coder or AI developer and so on and so forth. You have to learn to work with these technologies as they evolve,” Patel told IANS.
According to Minister of State for IT and Skill Development Rajeev Chandrasekhar, technological talent, not chip-driven compute power, is the key to India's progress in AI.
"Talent is a much more fundamental challenge in AI. We need universities to churn out masters and PhDs in AI. Talent is something that keeps me awake at night. The infrastructure pieces will get solved very quickly," he said at an event last December.
There is a serious need for the tech industry and academic institutions to work along with the governments globally in shaping the future pipeline of talent for AI-related jobs, he stressed.
New AI algorithm to predict risk of cardiovascular events, heart-related death
A team of researchers in South Korea has developed a novel artificial intelligence (AI)-based algorithm that uses electrocardiograph (ECG)2 data to predict the risk of cardiovascular events, and heart-related death.
Building a developed, inclusive Bharat will be true tribute to Babasaheb: PM Modi
Prime Minister Narendra Modi on Sunday said that a developed and inclusive Bharat will be the true tribute to Babasaheb Ambedkar and will take the country to new heights of progress with his values and teachings.
Foreign investors pump Rs 31,000 crore into Indian stocks as market rebounds
Foreign investors have injected nearly Rs 31,000 crore into Indian equity markets in the last six trading sessions of March, according to the latest depository data.
RSS is modern Akshay Vat of immortal culture of India: PM Modi
Prime Minister Narendra Modi on Sunday said the Rashtriya Swayamsevak Sangh (RSS) is the modern 'Akshay Vat' of the immortal culture of India, which is constantly energising the nation.
Kunal Kamra row: 3 more FIRs filed over Shinde jibe, merged with Mumbai case
In fresh trouble for controversial comedian Kunal Kamra, three additional FIRs filed against him in different cities have been merged with the one registered in Mumbai’s Khar police station over his alleged jibe at Maharashtra Deputy Chief Minister Eknath Shinde.
India successfully flight-tests indigenously-developed vertically-launched Surface-to-Air Missile
In a boost to India's precision firepower, the Defence Research & Development Organisation (DRDO) and the Indian Navy conducted the successful flight-test of indigenously-developed Vertically-Launched Short-Range Surface-to-Air Missile (VLSRSAM) on Wednesday, an official statement said.