Only 10 New AI Jobs Are Reportedly Created For Each 100 Jobs

Jyotis - Oct 04, 2019


Only 10 New AI Jobs Are Reportedly Created For Each 100 Jobs

Along with the rapid growth of AI technology, a lot of new jobs will be created during this process. That’s why the Economic Times has had a talk with some experts in its Technology Talent Equilibrium panel.

Many of us have faced a big concern that artificial intelligence (AI) will soon replace human employees in many industries from technology, healthcare, education to manufacture.

artificial-intelligence
For every 100 job positions, there will be about 10 new jobs relating to artificial intelligence.

According to experts, along with the rapid growth of AI technology, a lot of new jobs will be created during this process. That’s why the Economic Times has had a talk with some experts in its Technology Talent Equilibrium panel.

These experts included the NextWealth Entrepreneurs founder Sridhar Mitta, the Wipro Technologies Vice President Supriyo Das, and the Intel India’s Managing Director Prakash Mallya. They all think that automation and AI are two of the major reasons for a net decrease in employment.

Accordingly, for every 100 job positions, there will be about 10 new jobs relating to artificial intelligence. Besides, creating new jobs is likely to take much more time than making certain jobs disappear. It’s also worth noting that companies will need a certain duration to train qualified labor forces in AI fields.

The founder of the NextWealth Entrepreneurs said, "If 100 jobs are cut, 10 jobs are created. The people who are losing jobs have different skills, and they're going away. People are getting new jobs on different skillsets."

ai-jobs
May artificial intelligence soon replace human employees in many industries in the future?

According to Mallya, "I guess, training skills outside the industry requires a collective ecosystem and efforts across different companies, you need to approach it in different ways. You need to reach out to industry, developers, startups. How do we include formal education on AI to build mindset."

Mallya also said that Intel has trained new talent sources from schools, who are capable of AI technology, for two recent years. Until now, the tech company has collected more than 150,000 students, professors, and developers. However, this amount can’t meet the increasing demand.

Supriyo Das from the Wipro Technologies said, "The prediction is definitely there will be a shortfall of skills. We need to categorize where you need most right, and what kind of jobs will get created. From our organisation's perspective, we do not see AI as a particular set of skills for a particular set of people. AI is needed everywhere.”

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