Artificial intelligence imperils India Inc. jobs

Artificial intelligence imperils India Inc. jobs

Context

• The software, ‘driving’ the cart, had been developed by Infosys together with IIT-Delhi. The vehicle can be used on a pre-determined route.

Information about the vehicle

• This is an example of building the autonomous systems in the cart to teach our employees to build autonomous driving technology.
• Technology leaders are drumming up the thought that the emergence of new technologies such as artificial intelligence (AI).
• Automation are expected to be the new drivers of employment, especially for India’s $150 billion information technology (IT) industry that now employs about four million people.
• Over the past two years, Bengaluru-based Infosys, which crossed a revenue of $10.2 billion in the 2016-17 fiscal, has revamped the way it trains staff.
• Last quarter, the company completed training 3,000 people in AI technologies.
• He said with the advances in automation technology, more ‘commoditized’ jobs were going away and one had to move towards next-generation jobs and new areas of opportunities.
• In April, the firm also released next generation AI platform, Nia which, it said, tackles business problems such as forecasting revenues and understanding customer behaviour.
• The other applications include deeply understanding the content of contracts and legal documents, understanding compliance and fraud.