The impact of artificial intelligence is now being felt on jobs and careers. Its increasing use has deepened the career crisis. Let's understand in detail.
Artificial intelligence (AI) is no longer limited to technology. Its direct impact is being felt on people's jobs and careers. Machines are now able to perform tasks previously performed by humans faster and at a lower cost. This has led to a growing global debate about the potential for AI to completely transform the job market.
There was a time when machines were thought to perform only factory or manual jobs. But now, even those once considered secure jobs are under threat. Reports suggest that AI could impact office-based tasks, such as data processing, report creation, customer support, and many decision-making roles. Experts are describing this as a tsunami for the job market.
Double challenge for India
AI poses a dual challenge for India. On one hand, a large number of young people in the country are looking for jobs, while on the other, companies are rapidly moving towards automation. AI could bring about the greatest transformation, particularly in the IT and ITES sectors, which have employed millions of people. If timely preparations are not made, the risk of job losses could increase.
Why companies are adopting AI
The biggest reason companies are adopting AI is to reduce costs. AI speeds up work, reduces errors, and reduces employee costs. As AI becomes smarter, companies will increasingly need fewer humans. This could have a direct impact on jobs and employee numbers.
Role of the Government
Experts believe that if the government and companies formulate the right strategy together, the losses can be significantly mitigated. Simply creating new jobs is not enough. It's crucial to teach existing employees new skills so they can adapt to changing times. Education practices need to change, starting at the school and college levels.
IMF warning
IMF chief Kristalina Georgieva has also warned about AI. She estimates that AI could impact up to 40 percent of jobs worldwide in the coming years. In developed countries, this figure could reach 60 percent. While AI will be helpful in some jobs, entry-level and middle-level jobs will be most at risk.
