According to an IIT Madras report, there is no threat of AI eliminating all jobs, but working methods will change. Entry level and less experienced employees may face more challenges. At the same time, AI will also create new employment opportunities, for which employees will have to develop their skills.

According to a report by CERAI researchers at IIT Madras, not all jobs can be eliminated by AI. Its impact will depend on how much of the work can be done by AI. According to the report, the way AI is used in companies, the cost of the technology and the skills of employees will also influence this change.

Entry level employees will face challenges

AI can replace the role of employees in tasks such as bookkeeping, quality control and outsourcing. Professionals with specialized skills are likely to be in demand in areas such as legal services and medical imaging.

Humans and AIAs have to work together

In some places, AI will do most of the work and humans will check the results, the report said. On the other hand, in many tasks, humans will make decisions and use AI to facilitate the work. Its impact can vary across banking, factories, call centers, software and creative industries.

Learning new skills will be necessary

According to the researchers, along with the adoption of AI, companies will also have to change job responsibilities. It will be necessary to prepare employees for new roles by training them in new technologies. Future job prospects also depend on companies’ AI adoption strategies and the opportunities available to employees to learn new skills. Therefore, youth and employees should focus on learning new skills, increasing technical understanding and preparing themselves for the changing work environment.