| | DECEMBER, 20244VOL 3 · ISSUE 1 - 11 · DECEMBER, 2024India has recently installed the AI supercomputer 'AIRAWAT' at C-DAC, Pune, which is ranked 75th globally, positioning the country among the leading nations in AI supercomputing. The government has consistently highlighted the potential disruptive impact of artificial intelligence (AI) on India Inc., particularly in relation to the country's already fragile job market. However, the influence of AI poses significant challenges for workers across all skill levels and could potentially impede sustained economic growth.The answer to this billion-dollar question has two sides. On one side, monotonous job roles, such as data entry and various documentation tasks, have already been replaced by Robotic Process Automation (RPA). On the flip side, this shift has created opportunities for more creative tasks and job roles. The global RPA market is projected to grow by $16,628.29 million from 2022 to 2027, with a compound annual growth rate (CAGR) of 35.83 percent. Similarly, the Artificial Intelligence market is expected to reach $407.0 billion by 2027, growing at a CAGR of 36.2 percent.A few months ago, CEO Insights magazine conducted a LinkedIn poll on the topic: "Are You Worried That AI Will Replace Your Job?". The poll results indicate that 55 percent of participants are not worried about AI replacing their jobs. Meanwhile, 28 percent expressed concerns about AI replacing their jobs, 10 percent believe AI may replace their jobs in the future, and 7 percent are unsure. It appears that the majority of respondents are optimistic that AI will not replace jobs. This special annual issue of CIO Insider delves deeper into the hyper-automation landscape in India. I welcome your thoughts on this matter.Sujith Vasudevan,Managing Editor sujith@cioinsiderindia.comOffice Editorial queries editor@cioinsiderindia.comAdvertising Queriessales@cioinsiderindia.comBangaloreTel 080 46441103 To subscribeVisit www.cioinsiderindia.com/subscribe/ or send email to: subscription@cioinsiderindia.comMagazine price is Rs 150 per issuePrabhu Dutta A.R.N RayGM - Sales & MarketingShashi RanjanMedia & Graphic Designing VisualizerMagendran PerumalCirculation ManagerEditorial TeamRoshan AktharViswanathan ALakshmi PrabhaNischita Prakash NaikCIOInsiderNo. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Vayshnavi PDDesignerPublisher & EditorManaging EditorAlok ChaturvediSujith VasudevanWill AI & RPA Really Replace Jobs? EditorialPrinted and published by Alok Chaturvedi on Behalf of Silicon Media Technologies Pvt Ltd and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore 560008 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.
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