hold job unheard
Artificial Intelligence effect: 5 years from now, 54 million Indians will hold jobs unheard of today
Most predictions about the job landscape in the next few years involve automation, artificial intelligence (AI) and increasingly-redundant humans. Yes, layoffs are inevitable going forward, but what much of the chatter ignores is that the future will also see employment creation, including jobs that are as yet unheard of. Take the recent'Future of Jobs in India' study, commissioned jointly by FICCI and Nasscom with EY. The report looks at the impact of advanced technologies on 5 key manufacturing and services sectors in India-IT/ITeS, retail, financial services, textile & apparel and auto-that create the bulk of jobs. A key finding was that 9% of India's 600 million estimated workforce would be deployed in new jobs that do not exist today, while 37% would be in jobs that have radically changed skill sets.