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Artificial Intelligence Expected to Double Innovation Rate in India by 2021

To meet the AI skills required by business leaders, Microsoft had announced the launch of its AI Business School earlier this year

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There are many good uses of AI, but it can be misused too.
AI can now help astronomers find life on other planet. Pixabay

Artificial Intelligence (AI) is expected to more than double the rate of innovation and employee productivity in India by 2021, said a new Microsoft-IDC study on Monday.

While only one-third of organisations in India have embarked on their AI journeys, those companies that have adopted this technology expect it to increase their competitiveness by 2.3 times in 2021, said the study that surveyed 200 business leaders and 202 workers in the country.

“Economies and businesses that have yet to embark on their AI journey run a real risk of missing out on the competitive benefits that are enjoyed by leaders,” said Rohini Srivathsa, National Technology Officer, Microsoft India.

According to the findings, India needs to build upon its investment, data and strategy in order to accelerate its AI journey.

The study also underlined the need for cultural changes and skilling and re-skilling workforces to make AI work for the country.

The enterprise solutions major has integrated SAP CoPilot with the "SAP S/4HANA" Cloud.
“A tectonic shift is happening in AI. Nearly 85 per cent of enterprises globally will use AI in some form or the other by 2020.”

The rise of AI means that there was a necessity for workers to re-skill and upskill to remain relevant and play a part in the workforce of tomorrow, Srivathsa said.

“The jobs of today will not be the jobs of tomorrow, and we have already seen demand for software engineering roles expand rapidly beyond just the tech sector,” Srivathsa added.

To help developers and organiaations build expertise in Cloud computing, data sciences, AI and Internet of Things (IoT), Microsoft on Monday also announced the roll out of the “Week of AI”, a specially curated five-day workshop series.

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The session will be addressed by data scientists and AI experts from companies such as Flipkart, Reliance Jio and InMobi that are leading the way in transforming their businesses and the industry with technology, Microsoft said.

To meet the AI skills required by business leaders, Microsoft had announced the launch of its AI Business School earlier this year. (IANS)

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84% Indians Hope to Retain Their Jobs Despite Automation: WEF

Indians see automation, but hopeful of keeping jobs

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Indians jobs
Although majority of Indians think their jobs would be automated in the next 10 years, 84 per cent hope to retain their jobs. (Representational Image) Pixabay

Although majority of Indians think their jobs would be automated in the next 10 years, 84 per cent hope to retain their jobs, supported by their skills, according to a report by World Economic Forum (WEF) and Ipsos.

India tops the list in terms of expectation of jobs automation, as around 71 per cent respondents expect their jobs to be automated. Saudi Arabia comes second with 56 per cent respondents expecting jobs getting automated, and in China 55 per cent respondents feel the same.

“Interestingly, 84 per cent of urban Indians polled are confident of keeping their jobs, using the skills they possess. The survey also shows across all markets, Indians are most confident, followed by the Netherlands (83 per cent) and the US (82 per cent),” the report said.

Indians jobs
Indians realise while automation is likely they know it will act as an enabler to improve efficiencies in deliverability. Pixabay

The markets least confident of holding onto their jobs in the face of automation, include Japan (23 per cent), South Korea (33 per cent) and Russia (50 per cent).

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Commenting on the survey, Parijat Chakraborty of Ipsos India said, “Indian job market is hierarchy driven, promotions are skills and performance-led. Indians realise while automation is likely they know it will act as an enabler to improve efficiencies in deliverability; human intellect, skill-sets and capital will still be needed to get the job done.” (IANS)