AI Primarily an ‘Enhancer’ Today. Job Displacement Real, Yet Not Near: Machines are increasingly evolving, enhancing capability, and performing tasks that were once the exclusive domain of humans. A Crux study across 500 academicians and industry leaders highlights that productivity and efficiency (as a result of automation) will drive growth, catalyse employment opportunities and trigger jobs. In addition to ‘growth induced’ jobs, several latent and new opportunities (development, deployment, and maintenance) may emerge in fields related to the proliferation of AI. Technology and the related system must be seen as allies, and productivity enhancing tools, as opposed to job disruptors in the short term.
India’s labour ecosystem is wrapped in a very tattered, moth-eaten fabric. It’s probably the only large economy with 80 per cent of its workforce in the unorganised sector. This sector cannot afford automation. Artificial intelligence is in its infancy in India, and ‘return on investment’ of automation is low as of now. The Crux study concludes that the geometric advancement in ‘ability’ and lowering cost will change the labour market earlier than imagined, potentially disrupting white-collar work as we know it.
Denne historien er fra 22 April 2023-utgaven av Business World India.
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Denne historien er fra 22 April 2023-utgaven av Business World India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
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MORE TAKE TO DRIVING IN STYLE
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An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
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Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
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