Enrollment in online courses on artificial intelligence (AI) and machine learning (ML) has increased by 50% over the past year. (Photo: Bloomberg)
Amid concerns about the impact of Artificial Intelligence (AI) In the job market, Deloitte South Asia CEO Romal Shetty said on Monday that the tool has the potential to create new jobs, but some current roles that involve repetitive tasks could be affected.
“…When something is repetitive and commoditized, those jobs might be lost, but will new jobs be created, new jobs? Absolutely,” he said.
More new jobs will be created than in the past given the transformative impact of AI, he said, adding that human intervention and interface will continue to play a key role in maximising the benefits of emerging technologies.
Highlighting the areas where AI has the potential to create jobs, Shetty said some cases include air traffic control operations for drones and the use of generative AI in research and development related to electric vehicles. He said these reflect that AI is an opportunity rather than an outright challenge.
He added that while regulations are important, they should not stifle innovation. Shetty also stressed that regulations are important to ensure fairness.
Demand for AI talent will double by 2027
Business Standard reported in August that the demand for AI talent is set to increase significantly. According to the report “Advancing India’s AI Skills: Required Interventions and Programmes” published by Deloitte India and Nasscom, the AI market is expected to grow by 25-35 per cent by 2027. The report says that the demand for AI professionals is expected to increase from 600,000-650,000 to 1.25 million by 2027.
More people are signing up for AI courses
Today, AI integration is evident in customer service. As chatbots have the ability to converse with customers in multiple languages, some companies have replaced humans with chatbots.
In July, Business Standard reported that there was a 50 per cent increase in enrolments for online courses in Artificial Intelligence (AI) and Machine Learning (ML) over the past year, indicating a growing interest among professionals and their desire to adapt to changing industry trends.
(With PTI inputs)
First published: September 23, 2024 | 15:31 IS
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