The evolution of AI was not a spontaneous development, the revolution took place periodically, like the invention of the spinning wheel in the beginning, then the electricity paved the way for second evolution, the designing of computers became the third great industrial transformation and finally the fourth greatest revolution 'the age of Artificial Intelligence', that has immensely transformed the way we live, work and connect. The evolution of technology was always around us and our life has been transforming with all these developments in technology since then. But the word 'AI' has made a different impact on this evolution wheel; the shift of technology from machines to machine learning, from humanoids to Artificial Intelligence had obviously paved the way for another industrial revolution. Developing countries like India, is among the one who turns to be the most affected by the arrival of any new technology; especially after the surface of Artificial Intelligence in the Indian Industries. On the one side, AI adoption rate in India is quite high, well on the other side, like the saying goes 'everything comes with a price'; the opportunities and risks that Artificial Intelligence poses for the Indian industry and society is also quite high, especially in the employment sector. Currently the most critical question that swings on the 'future of AI in India' is that, 'Will Artificial Intelligence create more jobs than that it destroys? Is AI literally reshaping the Indian job markets? 'Well, precisely soon after the arrival of the AI, the technology has been addressed as a 'dilemma'; 'Will it replace humans and create an inevitable worldwide unemployment crisis, or will AI transform India's job sectors into new potentials?'
Well it is true that automation is impacting employment all across the globe, especially in India. As per a report, the proportion of jobs threatened by AI Automation in India is 69 percent year-on-year. The employment sectors in India like automobiles, pharmacy, IT industries are at full swing in the AI adoption rate, which is impacting and reshaping the workforce. Where on the one side, the technology revolution is driving India to new heights, in terms of skills, better governance and growth, whereas on the other side, the new automation trend is fading out of employment opportunities; at least that's what we believe! However, we are failing to understand a strong point that an evolution is a part of growth and advancement. The materialization of automation in Indian industries will only up-skill and reskill the talents that any market currently requires, that will not only create a skilled employees but also accelerate country's economic development.
If on one side, technology is taking away our jobs, well on the other hand, it is also giving an opportunity to upgrade our skills and talent. Although the arrival of advanced technology is reshaping our Indian job markets through human replacement with machines, but it is paving the path for India to make a mark in the corporate world. In other words, if AI is a destroyer of employment, well it is also an architect of building a skilled employment and corporate growth.
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