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At the #BudgetRoundTable2024 conference, Sourav Majumdar, Editor of Business Today, in an exclusive conversation with Vineet Agarwal, MD of the Transport Corporation of India, and Dr. Aashish Chaudhry, Managing Director of Aakash Healthcare discussing the impact of Gen AI on jobs. Mr. Agarwal asserts that many jobs will be impacted by Gen AI, and those jobs will be repurposed into other roles. He cites examples, noting that Gen AI cannot deliver products as humans can, and robot delivery is still far from functioning at this level. He also highlighted the difference between employment and employability, emphasizing that while people are available for jobs, they require training to develop necessary skills. Here’s an excerpt from that conversation.
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source
date: 2024-07-27 11:37:32
duration: 00:03:51
author: UCaPHWiExfUWaKsUtENLCv5w
Summary: Views on AI and Job Displacement
The discussion revolves around the impact of Artificial Intelligence (AI) on job displacement in India. Vin, a 30-year-old Web 3 DeFi tech editor, and Ashish share their thoughts on the topic.
Vin highlights that while AI may replace some jobs, it will also create new ones, such as prompt engineers. He emphasizes that employment is different from employability, and many jobs will remain necessary. To adapt, there is a need for skill enhancement, upskilling, and reskilling. AI can help in this process, especially in industries like healthcare.
Ashish agrees that AI will transform the healthcare sector, reducing the burden on Critical Care teams and freeing up manpower. However, human intervention will always be necessary to ensure the accuracy of AI outputs. This may lead to new job requirements for maintaining and evolving AI systems.
The panel suggests that AI may initially displace some jobs but will also create new ones, requiring skills such as AI engineering, software development, and data analysis. As AI becomes more prevalent, India will need to focus on reskilling and upskilling its workforce to remain competitive.
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- Decentralized Finance (DeFi) is growing rapidly, with the total value locked in DeFi protocols exceeding $100 billion?
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- Non-Fungible Tokens (NFTs), a new type of digital asset, have gained immense popularity, with sales reaching tens of millions of dollars in recent auctions?
- Decentralized Exchanges (DEXs) are emerging as a preferred platform for trading cryptocurrencies, offering greater flexibility and security than traditional centralized exchanges?
