February 20, 2024
2 mins read

‘AI Poses Job Threat, but More Opportunities Ahead’

Patel said that he has seen technology and multiple innovations evolve over a period of time….reports Asian Lite News

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.

ALSO READ: Fishermen’s E-Market Soon

Previous Story

Tata Group Bets Big on Karnataka

Next Story

‘Rajkot loss has to be a wake-up call for Stokes & Co’

Previous Story

Tata Group Bets Big on Karnataka

Next Story

‘Rajkot loss has to be a wake-up call for Stokes & Co’

Latest from Business

Airbus delivers first jet from new China line

Airbus has delivered the first A320neo from its second Tianjin assembly line, expanding production capacity as China’s aviation market continues to grow, reports Asian Lite News Desk Airbus has delivered the first

Hong Kong retains global finance crown in Asia

Hong Kong retains third place in the latest global financial centres index, leading Asia-Pacific while ranking first worldwide in fintech and financial sector development, reports Asian Lite News Desk Hong Kong has

Oracle cuts jobs as AI spending surges

The move follows a substantial reduction in Oracle’s workforce during the company’s latest financial year. Company filings show that its employee count fell by around 21,000, or 13 per cent, during the

India Remittances Surge Over Decade

Digital connectivity has strengthened these links by allowing migrants to share knowledge and expertise remotely while continuing to work and remain economically active overseas…reports Asian Lite News Desk India’s remittance economy has

Apple Bundles TV, Arcade With iCloud+

Apple said the expanded iCloud+ package will roll out in more than 100 countries and regions through the end of September Apple has expanded its technology and subscription ecosystem in India with
Go toTop

Don't Miss

Global AI Leadership Race Heats Up

Key leaders, including US Vice President Kamala Harris, European Commission

Musk, Netanyahu hold discussion on AI

The Israeli Prime Minister is also scheduled to meet US