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AI To Create More Jobs Than It Replaces, says Deloitte Executive
https://www.whatjobs.com/news/indian-business-employment-news/ai-to-create-more-jobs-than-it-replaces-says-deloitte-executive
By Nithya Bose in Business News, posted June 25, 2024
Rohit Tandon, Managing Director and AI and Insights Practice Leader at Deloitte LLP, said AI will eliminate certain roles while creating more jobs than it replaces.
He said: "AI will, with people, replace people... It's not just AI replacing people. You still need humans in the loop."
In an interview with PTI, he explained AI will not displace workers entirely.
However, he said it would transform work, requiring human oversight and interaction.
“If you look at the pyramid of jobs, AI will start automating more of the easier jobs that are done"
He added: "But just look at how many more jobs have been created across the globe because of IT. The same thing is going to happen with AI.
“It's going to be all-pervasive, just like it is today, just like you have some of the biggest supercomputers that exist today available on your phone, some of the most powerful AI algorithms will be at your disposal, in your purses, and in your wallets, in your pockets.
"It's going to be something that we talk about just like the way we talk about it or not talk about it, it just becomes a part of our lives.”
He said this is not the first time a new technology has come and threatened job losses.
He said: "We've done this before with automation, call centres, etc. We've automated some of the easier stuff.
“What it leaves behind is tougher problems for humans to solve.
"It will lead to job changes. AI will be replaced by AI with humans.
“If you look at the pyramid of jobs, AI will start automating more of the easier jobs that are done.
“People will use AI to supplement their knowledge and their ability to find information and share that back and serve the population.
"It will eliminate certain roles. But it will create more jobs than it will eliminate.
He said shared services, including finance and HR, will be the first to experience significant impact.
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He said: "Finance, HR, and some of the shared services pieces.
“What we're seeing is energy, from an industry perspective, is taking on some very interesting use cases, which have a wide impact."
"It will eliminate certain roles. But it will create more jobs than it will eliminate."
Tandon advocated for active collaboration between governments and enterprises to create a robust regulatory framework that balances innovation and safety.
The government's role, according to Tandon, should be that of a catalyst rather than an owner.
This includes providing computing capabilities and ensuring the availability of power to support energy-intensive GPUs.
Additionally, grassroots-level training and widespread dissemination of AI knowledge are crucial for broad-based adoption.
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