Gen AI: A Tool for Augmentation, Not Job Replacement, Says Nasscom SVP, India

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Generative Artificial Intelligence (Gen AI) is expected to be a tool for augmenting roles rather than replacing jobs, according to Sangeeta Gupta, Senior Vice President and Chief Strategy Officer of Nasscom. Her observation comes as automation continues to impact various roles in the tech and non-tech industries. While the specific impact on the workforce will become clearer over time, companies like HCLTech and Wipro have already announced plans to leverage knowledge automation.

Gupta stated that the implementation of Gen AI is still uncertain in terms of its impact on jobs in India. However, she believes that it will serve more as a tool for augmentation rather than job replacement. She made these remarks at the Nasscom Annual Technology Conference 2023, where Accenture Managing Director Matt Carroll also spoke about how AI has the potential to replace the traditional 40-hour work week, giving people more time to pursue their interests.

Regarding the data protection and privacy bill (DPDP bill), Gupta mentioned that it introduces a negative list of data, which is favorable for the industry. She emphasized that this bill will continue to evolve as new use cases and challenges arise due to the rapid evolution of technology.

Addressing the issue of startups locating outside India, Gupta cited two reasons: investors’ interests in overseas markets and concerns about the ease of doing business in India. However, she mentioned that Nasscom has been working with the government to address these concerns through taxation and ESOP policies, aiming to attract more startups to stay and build in India.

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Gupta also commented on the current job market in India, stating that opportunities still exist for people with good tech skills, despite the slowdown caused by the great resignation and industry layoffs.

Furthermore, Nasscom and EY released a report highlighting the top three challenges in the DeepTech industry: the availability of talent, investment, and relevant infrastructure. The report revealed that almost all (99%) of the Indian B2B SaaS companies studied have embraced DeepTech innovations, with the highest adoption in AI/ML, followed by Big Data and Descriptive Analytics, and Intelligent Automation.

In conclusion, Gen AI is expected to enhance job roles rather than replace them, while the impact on the workforce in India is yet to be fully understood. Nasscom continues to work with the government to address challenges in the startup ecosystem, and opportunities for individuals with strong tech skills still exist in the market. The DeepTech industry is also seeing significant adoption of innovative technologies among Indian B2B SaaS companies.

Frequently Asked Questions (FAQs) Related to the Above News

What is Generative Artificial Intelligence (Gen AI)?

Generative Artificial Intelligence, or Gen AI, refers to a type of AI technology that is designed to augment human roles rather than replace them. It is expected to enhance job roles by assisting and amplifying human capabilities.

How will Gen AI impact jobs in India?

The impact of Gen AI on jobs in India is still uncertain. However, according to Sangeeta Gupta, it is expected to serve as a tool for augmentation rather than complete job replacement. This means that Gen AI is likely to assist and enhance the work done by humans, rather than replacing them entirely.

What are some companies that have announced plans to leverage knowledge automation?

HCLTech and Wipro are two companies that have already announced plans to leverage knowledge automation. These companies recognize the potential benefits of automation in enhancing productivity and efficiency.

What is the Data Protection and Privacy Bill (DPDP bill)?

The Data Protection and Privacy Bill (DPDP bill) is a proposed legislation that introduces a negative list of data, which is favorable for the industry. It aims to address data protection and privacy concerns and is expected to evolve as new use cases and challenges arise due to the rapid evolution of technology.

Why are startups locating outside India, according to Sangeeta Gupta?

Sangeeta Gupta mentioned two reasons for startups locating outside India. One reason is the investors' interests in overseas markets, which may offer more favorable conditions for growth and investment. Another reason is concerns about the ease of doing business in India. However, efforts are being made by Nasscom and the government to address these concerns and attract more startups to stay and build in India.

What is Nasscom's perspective on the current job market in India?

According to Nasscom, opportunities still exist for individuals with good tech skills in the current job market in India. Despite the slowdown caused by factors like the great resignation and industry layoffs, there is a demand for skilled professionals in the tech industry.

What are the top challenges in the DeepTech industry, as highlighted by Nasscom and EY?

The top challenges in the DeepTech industry, as highlighted by Nasscom and EY, include the availability of talent, investment, and relevant infrastructure. These are factors that need to be addressed to foster the growth and adoption of innovative technologies in the DeepTech sector.

Which DeepTech innovations have seen the highest adoption among Indian B2B SaaS companies?

The report released by Nasscom and EY mentioned that AI/ML (Artificial Intelligence/Machine Learning) has seen the highest adoption among Indian B2B SaaS companies in the DeepTech industry. This is followed by Big Data and Descriptive Analytics, as well as Intelligent Automation.

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.

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