AI Hallucinations: Jobs at risk or boon for AI specialists? Here's what industry players say

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AI specialists to address. This phenomenon can lead to confusion and decision-making delays, posing significant challenges in fields heavily reliant on Artificial Intelligence.

However, the Economic Times report stated that many AI roles, such as AI research scientist, chatbot specialist, and AI marketing specialist, are in high demand. They earn 40-80% more in salary than traditional IT positions.Industry players said despite AI's significant impact on professionalism, advancements in coding and innovative solutions, such as Retrieval-Augmented Generation (RAG), are still required to minimize the risk of AI hallucination.“With RAG and better-fine-tuned implementations, leaders can achieve the required results; again, depending on the use cases, the adoption process has to be thought through.

Like how the same programming language does not suit all needs out of the box, the same goes for any new technology in the marketplace," Visakh ST, CTO, Simplify3X told LiveMint. Another expert believes that embracing AI can open new avenues for innovation, efficiency, and growth and ensure continuous skill development for the larger workforce across various sectors such as finance, operations, HR, marketing, etc., and clients alike, shaping a future where AI thrives alongside human ingenuity.“With the advancement in AI, it becomes imperative to discuss its impact on the job market.

While some repetitive jobs might be automated, I view AI as an opportunity rather than a threat at Quarks Technosoft. It is about leveraging technology to empower the workforce to enhance overall efficiency," said Vipin Vindal, CEO, Quarks Technosoft.