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’

Latest from Business

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Deadline Nears, India–EU Talks Heat Up

The success or failure of this round will shape how the two sides proceed, especially on difficult issues that have long blocked progress….reports Asian Lite News India and the European Union on

Gold Shines Bright Amid Global Jitters

Gold and silver continued their bullish run on Monday, scaling new highs amid mounting global uncertainties, heightened geopolitical tensions, and growing expectations of a US Federal Reserve rate cut. According to the

ADNOC signs 15-year LNG deal with Indian Oil

Under the deal, LNG cargoes can be delivered to any port across India, enhancing the country’s energy security and meeting its rising energy demand. Abu Dhabi National Oil Company (ADNOC) has signed
Go toTop

Don't Miss

Middle eastern organizations urged to strengthen responsible AI efforts

According to the survey, 16% of Middle Eastern organizations implement

Modi to kick off 29-nation AI Summit in Delhi

The GPAI Summit is grounded in the principles of the