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Threat of AI Displacing Jobs is Real, Says Telecom Secretary

On aggregate, the employability for new-age jobs is on average 1.7 per cent, showed the findings based on more than 170,000 Indian engineering students

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"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.

While digitisation has delivered great benefits to the country, the threat of automation and Artificial Intelligence (AI) displacing jobs is real, Telecom Secretary Aruna Sundararajan said on Monday.

“Adoption of digital technology has proved to be a great democratiser and leveller in India, especially in doing away with many hierarchies in the Indian economy. But digital is also throwing up as many challenges. There are no easy answers to them,” Sundararajan said, while delivering the keynote address at a conference on “future of the digital economy” here.

“There are various estimates about the rate at which jobs are becoming irreverent – from 10 per cent to a high of 70 per cent. So this threat is real,” she said while referring the rise of AI.

With dangers of job losses looming large, can providing universal basic income be the answer?

“The idea of providing universal basic income is gaining ground because a lot of Silicon Valley leaders are pushing for it,” she said.

Participating at a separate panel discussion, Sanjeev Bikchandani, Co-Founder of Info Edge which runs the job portal Naukri.com, said that there will be no large scale job losses due to AI.

AI has the potential to increase India's annual growth.
AI has the potential to increase India’s annual ggrowth.Pixabay“Some jobs will definitely go. But this happens all the time with new technology arriving. Similar questions were raised when computers were introduced in India. AI will create new industries,” he said at the conference co-organised by Indian Council for Research on International Economic Relations (ICRIER) and Data Catalyst, a non-profit organisation.

 

But do Indians have the skill set for the new jobs that may be created by the new industries?

According to a new report released last week by job skills assessments company Aspiring Minds, over 80 per cent Indian engineers are unemployable for any job in the knowledge economy.

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A mere three per cent engineers have new-age technological skills in areas like AI, Machine Learning, Data Science and mobile development, the report said.

On aggregate, the employability for new-age jobs is on average 1.7 per cent, showed the findings based on more than 170,000 Indian engineering students. (IANS)

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7 Jobs that You Should Outsource for Your Business

Know all the jobs that you need to outsource for a successful business

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Business
Here's a list of seven jobs that you need to outsource in order to make your business successful. Pixabay

As a business, your main goal at the end of the day is to be as profitable as possible. Whether that’s by bringing in more customers or releasing a new product, you want to make sure your business doesn’t approach the red.

Another key strategy is to ensure your expenses aren’t too high. Cutting costs here and there can do wonders for your bottom line. 

But, there’s always the catch that you have to spend money to make money. But when you spend money, you want to make sure that you’re maximizing your dollar.

One of the best ways to maximize your dollar is by outsourcing some of the work, which is happening more and more every year. That way you know you’re getting the best results without dumping your wallet’s content on the table.

If you’re expanding your business or looking for some help, we have a few jobs that you could outsource to get the best results possible.

Business Customer support
A customer support service is a must for a business. Pixabay

Customer Support

Even though it may seem like you should have your customer support in house at all times, many businesses choose to outsource their front-line. Many customer support agents and representatives work from home, further cutting down costs.

These people don’t have to be on the phone, as text and chat support is becoming more and more popular every year as it is quicker and simpler for many.

Data Entry

Although sometimes a menial task, data entry is one of the jobs that is commonly outsourced and can be done by anyone with a computer and internet connection. 

Many companies pride themselves on being cost-friendly and efficient, meaning you can get quick results for your necessary work without spending top dollar.’

Accountants

A much more specialized job, accountants can be outsourced for small size businesses. If you have less than 50 employees, you likely aren’t going to need an accountant at your office full-time.

But, it helps to have one you can contact easily with any payroll or tax questions that arise. You’ll also want someone whom you can meet with on a regular basis to ensure communication is both open and effective.

Web Design

Unless your company revolves around IT and web design, you can outsource this work to build your websites or work on behind the scenes tech items.

Web designers will make sure everything is running smoothly for your online world, not just your website. While there are more specialized IT reps out there, they can give you many tips and tricks to make sure your online presence is guarded and safe, while also making your home page look fantastic.

HR business
Every business is incomplete with Human Resource. Pixabay

Human Resources

Once again, this largely depends on the size of your business but small businesses likely don’t need an HR rep in the building at all times. That’s why it’s a great idea to outsource this responsibility to a company that can handle many tasks.

Many startups and small businesses have much more to focus on than choosing benefits or managing through a mountain of paperwork, so it’s best to let someone else take care of that so you can focus on growing your business. 

IT

Similar to web design, you probably aren’t going to need an IT specialist available at all times. They can handle more specific tasks like security, software development, and programming. 

Plus, it’s highly unlikely that you’ll run into a computer problem you can’t fix by yourself every day. If you have a bunch of new employees coming in, make sure to schedule their computer setup all in one day to make it easy for everyone.

Personal Assistants

Wait a second, isn’t the idea of personal assistants supposed to be they’re always there when you need them to handle calls and schedule appointments?

With so many of these processes being automated, it’s now becoming more of a norm to outsource personal assistants or even have a part-time remote worker to make sure everything runs smoothly. 

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They can do much more than handle calls, like setting up meetings or handling plenty of logistical questions. This also takes the burden off of your schedules, moving away from the nitty-gritty and focusing on the big picture of your business.