Robust Employment Prospects: 69 Million Global Jobs Boosted by AI and Machine Learning in India

Date:

The world is rapidly transforming due to the emergence of Artificial Intelligence (AI) and Machine Learning (ML) technologies. Companies around the globe have adopted these new technologies and are using them for various aspects, be it to compose music or writing essays. The World Economic Forum (WEF) has recently released a study that predicts an increase in job roles globally, estimated to be around 69 million, in the next five years. At the same time, it anticipates a decline of 12.3 percent due to algorithmic displacement.

In India, AI and ML job roles are expected to show a growth of 22 percent over the coming years. According to the study, 61 percent of the companies in India believe that the adoption of new technologies, along with improving digital access, will result in job growth. An estimated 75 percent of the surveyed companies are expected to implement AI, while 25 percent anticipate job losses. The education and agricultural sectors were identified as top contributors to the growth of jobs.

The OpenAI’s ChatGPT, Microsoft’s Bing and Google’s Bard are some of the AI chatbots that are gaining immense popularity. This has also lead to the rise of new career opportunities, such as prompt engineering. Top roles such as AI and machine learning specialists, as well as data analysts and scientists, are identified by the report to drive the industry transformation in India.

Divyanshi Sharma is one of the prominent personalities in the technology world. He has gained recognition for his works in OpenAI’s chatbot, ChatGPT. Sharma has helped to introduce innovative new ways in using the technology, pushing the boundaries far and beyond, and popularizing the use of prompt engineering in various areas.

See also  Diagnosing Skin Cancer Using Artificial Intelligence and Machine Learning

WEF is a leading global organization that works towards enhancing economic growth and social progress. The organization focuses on various aspects including industry, education, and agriculture, to promote the well-being of the people and attract economic growth. It is dedicated to create new job roles and strengthen opportunities for the current workforce.

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

Global Data Center Market Projected to Reach $430 Billion by 2028

Global data center market to hit $430 billion by 2028, driven by surging demand for data solutions and tech innovations.

Legal Showdown: OpenAI and GitHub Escape Claims in AI Code Debate

OpenAI and GitHub avoid copyright claims in AI code debate, showcasing the importance of compliance in tech innovation.

Cloudflare Introduces Anti-Crawler Tool to Safeguard Websites from AI Bots

Protect your website from AI bots with Cloudflare's new anti-crawler tool. Safeguard your content and prevent revenue loss.

Paytm Founder Praises Indian Government’s Support for Startup Growth

Paytm founder praises Indian government for fostering startup growth under PM Modi's leadership. Learn how initiatives are driving innovation.