CIO Insider

CIOInsider India Magazine

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AI Skills for the Future

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Sujith Vasudevan, Managing Editor

It’s been quite some time since the government started highlighting a looming threat for India Inc.: the potential disruptive impact of artificial intelligence (AI), especially on the country's already fragile job market. It’s not a secret in the business landscape that AI's influence may create major

challenges for workers across all skill levels and hinder sustained economic growth. India recently installed the AI Supercomputer ‘AIRAWAT’ at C-DAC, Pune, which is ranked 75th in the world. This puts India on top of AI Supercomputing nations worldwide. The monotonous job roles, including data entering and several layers of documentation, have already been replaced by Robotic Process Automation (RPA), leaving more room for employees to focus on creative tasks. The global RPA market alone is expected to grow by $16,628.29 million during 2022-2027, progressing at a CAGR of 35.83 percent. Adjacently, the Artificial Intelligence Market is set to be worth $407.0 Billion by 2027, Growing at a CAGR of 36.2 percent.

According to a recent survey conducted across the US and UK, around 74 percent of IT workers conveyed that they are worried that AI could make many of their skills look obsolete. Around 69 percent of them showed fear that AI might eventually replace them altogether. However, there's a silver lining -96 percent of IT professionals are determined to stay ahead of the curve by acquiring AI skills. That’s definitely the right way to go about it. As more and more people acquire AI skills, the timing couldn’t be any better for coming up with our yearly RPA special issue. Do let us know your thoughts.



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