With the fast-evolving technology industry, Artificial Intelligence (AI) is becoming a more significant issue for the workforce. One of the leading pioneers of the industry, IBM, is taking a step forward to embrace this technology. IBM is opting for AI automation to substitute humans with machines and is looking to ChatGPT to aid its hiring decisions. This could risk nearly 7,800 jobs within the company over the next five years and has raised some questions by analysts.
IBM is a leader in the technology industry and its ambition to use AI is to guide faster growth. Many companies around the world are following IBM’s lead, implementing AI to automate increasing complex tasks. Unfortunately, this leads to a large risk of up to 300 million jobs being removed, but it is estimated that 97 million new jobs could potentially be created. Despite the possible job creation, the quick pace of this technology can be difficult for employees to keep up with. Therefore, experts suggest that training needs to be sped up for employees to stay competitive in the job force.
Analysts have raised some concerns about IBM’s plan to implement AI based pilots, despite the vision from Arvind Krishna, the CEO of IBM. Jain from Pareekh Consulting believes Arvind Krishna’s vision can be seen as merely a hope rather than a plan and it could prove difficult to implement into the company. AI is an impending force that will shape the world of the future, and it is important for companies and employees to stay up to date in order to keep up.
IBM is a 106-year-old technology and consulting company and is a world leader in offering a suite of enterprise-class software and hardware services. The company is dedicated to providing high quality enterprise and cloud solutions to customers in a variety of global industries.
Pareekh Jain is an analyst at Pareekh Consulting, a leading research and consulting firm specializing in the technology, transportation, and defence sectors. Pareekh has a deep interest in AI and its impacts on the economy and workforce. She believes prudence and commitment are needed, providing her combined experience and expertise to achieve success.
