With AI alone generating over 2.3 million jobs worldwide by 2020, India's ambition to carve a niche for itself in an increasingly AI-driven world is becoming a reality. Let’s take a closer look at how AI revolution is impacting Indian jobs and the workforce.
Even as the Fourth Industrial Revolution stares us right in the eyes, we are unable to assess with certainty the scope of impact of artificial intelligence (AI) on our future life and work. A lack of clarity has given rise to anxieties regarding what the future holds, and at one extreme end is the fear that intelligent machines and robots will render humans jobless and take over the world. However, if history is anything to go by, the previous three industrial revolutions managed to make fundamental structural changes to the society and business without ringing in the apocalypse. While the advancement of technology obviously made jobs, and sometimes entire industries, obsolete, it also gave rise to the automotive and digital industries which created jobs, for instance, a large portion of today’s workforce is working in jobs that were hardly heard of before the 1990’s. TeamLease Services expects AI alone to generate over 2.3 million jobs worldwide by 2020, but since it will also wipe nearly 1.7 million jobs off the market, the impact will be muted.
AI and Jobs
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