Skip to main content

'AI may take away jobs, but will create new ones' say industry experts at ISB Hyderabad

Experts from Google, Amazon, Mphasis NEXT Labs and Kalaari Capital participate in an interactive session at ISB Hyderabad.

Artificial intelligence (AI) was the new electricity and it can almost be described the second industrial revolution. It would affect everyone and pervade all sectors from education to health, fintech, agriculture and old school industries in the next 5 to 10 years, said experts at a panel discussion.

India should gear up for the entrepreneurial and job opportunities that would come out of new technology, they emphasised.

Experts from Google, Amazon, Mphasis NEXT Labs and Venture Capital company Kalaari Capital participated in an interactive session on 'Technology Tomorrow' as part of the ISB Leadership Summit-2017 held at Indian School of Business here on Saturday.

Pankaj Gupta, Director of Engineering, Google Next Billion Users, said students should ignore the sensational newspaper headlines about the impact of AI, but listen to the experts involved in the technology. The new technology would lean more towards intelligence assistance and automation in every sector.

On the concerns that artificial intelligence and Internet of Things (IoT) would take away jobs, Mr. Pankaj agreed that jobs would be lost and therefore a choice of career was important. For instance, audio transcription jobs would be lost as automatic speech recognition was emerging. Jobs in call centres, medical imaging, telemarketing, para legal and low-level technical jobs were at risk, he said.

Sriraman Jagannathan, VP, Payments, Amazon India, however, has a different view and he predicts an explosion of new opportunities in a developing country like India which was embarking on rapid digital transformation with different bandwidths and languages. There was difference between knowledge workers and those doing repetitive jobs and knowledge workers in India would find new jobs and opportunities in the technology of tomorrow.

Jai Ganesh, VP, Mphasis NEXT Labs, agreed that conventional jobs would be lost, but new jobs would be created under new technology.

Mr. Pankaj advised the students to have right skill sets and learn coding, an important skill. Equally important was appetite for learning new technologies all the time. "The ability to learn is not taught in schools. But everything is available on internet and those who know how to learn will rise in their career," he said.


Ref https://www.google.co.in/amp/www.thehindu.com/news/cities/Hyderabad/ai-may-take-away-jobs-but-will-create-new-ones/article19744315.ece/amp/

Comments

Post a Comment

Popular posts from this blog

Best IELTS and English language training institutions in Hyderabad

IELTS stands for International English Language Testing System. As the name implies it is basically an English test for testing the proficiency of the language in an individual.  Training for IELTS can be taken to pass the IELTS exam or to develop good english language skills. I am giving the training institute addresses for Hyderabad. The test system is jointly managed by the British Council,IDP education ltd and University of Cambridge ESOL Examinations and more than 1 million candidates are taking the exam all over the world. The test has two versions : 1. Academic 2. General training Academic  version is for people who plan to continue their higher education by enrolling in universities in countries like US,UK,Australia,Canada,New Zealand etc.The academic institutions in these countries consider the IELTS score as a criteria for the admission process. General training is mostly for immigration purposes in countries like Australia,New Zealand,Canada etc. It may ...
9 comments
Read more

Communist party launches 'China Operating System' to oust iOS and Android

hina officials have launched a national operating system in an attempt to take back control of the country’s computer market from American companies such as Google and Apple. The software has been in development for more than a year, but has been released at a crucial time with revelations about US-led surveillance sparking fears over the integrity of American-designed software. Known simply as the China Operating System, or COS, the software can run on PCs, tablets and smartphones and has been based on the open-source Linux operating system. Chinese media say that the OS has been created “entirely independently” in order to provide better localization for a range of features – from Chinese-language keyboards, to integration with the country’s banks. At the launch of the event, one of the developers involved with the project reportedly criticized Western software , saying that Apple’s iOS was too closed, that Google’s Android OS suffered from fragmentation (ie, too many versi...
Post a Comment
Read more

How to use home loans most effectively for tax benefits

1) Deduction on interest: If you are paying EMIs for a home loan you took to buy a house, the interest component in the EMI can be claimed as deduction. You must be both an owner and a co-borrower (in the loan) to claim tax benefits. This deduction can be claimed starting the year in which the construction of the house is completed. Suppose the construction of your house was completed on August 30, 2014, you can claim deduction for interest for the entire 12 months in financial year 2014-15. So every year a maximum of Rs. 2 lakh can be claimed for a house that you use for your own residence. If your house is rented, the entire interest for the year can be claimed as deduction. The interest payments for the year shall result in a loss under the head 'income from house property'. This loss can be adjusted against in the same year against other heads of income in your income tax return including salary. Therefore, it reduces your total taxable income and the tax you pay thereon. A...
2 comments
Read more