AI is intelligence displayed by a machine versus that by a human being. It is basically a machine mimicking a cognitive function that human beings associate themselves with such as learning and problem solving.
At every stage with the introduction of AI, repetitive jobs have been relieved of its workforce but the technology has also led to growth and demand for other jobs such as data scientists, for instance. “The only difference is that speed of revolution is high now unlike the three decades it took to progress from mainframe to client servers, while to progress to Cloud, it took only two decades,” said Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research. Since the pace of innovation is high, the pace of reskilling has to be at a continuous high, he said.
The fear of AI will be most in those who resist learning anything new either out of fear or arrogance. “Any technology that is new is welcomed by the younger generation. The ones who complain about AI taking away jobs are those who either don’t know fully well the technology and its scope and thus fear it will make them jobless. Then are those who do not want to learn out of arrogance – the know-it-alls. These two kinds are bound to fall off the job market,” said Gogia of Greyhound Research.
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Firm. To read more about him, click here.
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