Fear of AI replacing jobs is a genuine concern: Shrijeet Mishra
rise of AI has sparked concerns among employees who perceive it as a potential job killer in various industries such as manufacturing and automation, transportation and logistics, healthcare, finance and banking, retail and e-commerce, customer service and support, agriculture, and legal services. According to a report by Goldman Sachs, there could be a loss of 300 million jobs due to AI.
The report specifically highlights that AI's impact varies across sectors, with 46% of tasks in administrative and 44% in legal professions susceptible to automation. In contrast, only 6% in construction and 4% in maintenance are deemed automatable, according to the report.
Meanwhile, a report by Microsoft’s Work Trend Index 2023, which came out in June, estimates that around 74% of Indian workers say they are worried that AI might replace them from their jobs. However, experts also believe that the existence and rapid adoption of AI will naturally create a demand for jobs in that field.
As companies seek ways to capitalize on the efficiencies and profitability of AI systems, they will need humans to lead the charge. There is also a rise of new fields with the rise of AI, including AI ethics specialists, AI trainers and educators, machine learning engineers, AI policy and governance experts, virtual reality designers and developers, AI systems designers and AI-based personalized medicine specialists, etc.Milestone Alert!
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