The Artificial Intelligence Era its Seismic Potential to Create a Job Displacement Conundrum

Abstract

The AI era research paper takes a deep dive into the other spheres of work apart from tech that AI and machine learning will impact. For the paper, I have taken a top down approach,by understanding the global scenario of how AI is working its ways through the world in general before moving onto AI in India in particular. The intention was mainly to signify the employment plight that will be a concerning matter for all of us in the not too distant future. The reforms of digital India and the continued development of the AI institute of Hyderabad coupled with increased competitiveness in market would ensure that automation may become a daily adversary of ours. It is important to understand the principles of automation by supercomputers like IBM Watson or basic AI software that are efficient and cost effective in cases. The census shown that in a need to gain more market share the companies would not hesitate to cut any loose ends.The global factors of brexit, trade wars and especially tech start-up growth have ensured technology a more AI centric approach. Other technology also works hand in hand with AI in the form of block chain, IoT or even big data analysis will be the future pillars driving nation-wide growth. Such changes are especially harmful to people with blue-collar jobs, not mention the fact that India is predicted to grow as the largest economy in the future and have the highest population in the world. An AI imprint will certainly become a recipe for disaster in this case. Thereby I considered what could be the macro as well as micro implications of this in all our major sectors and finance in particular.