Key Points
Human vs AI: STEM jobs are expected to rise in opportunities, Jeff Maggioncalda, CEO of Coursera, told LiveMint, while answering the question of whether AI is going to create more jobs than it renders obsolete..
Approximately 69 per cent of the overall impact of Gen AI is expected to come from business services, including IT, legal, consulting, outsourcing, rental, financial services, transportation, logistics, education, retail trade and healthcare, the report further added..
While such fears are normal, given the capabilities demonstrated by Gen AI tools, it is far more likely, as our survey suggests, that rather than Gen AI supplanting humans, it will be humans + Gen AI that will boost productivity, bring greater visual and audio magic, and help improve monetization of products and services," the EY report explained...
According to the EY survey, about 70 per cent of respondents from the GPS sector see a medium-high impact of Gen AI on their functioning, while about 50 per cent expect to implement Gen AI in the next 12 months...
Financial institutions have recognised the transformative potential of Gen AI, as evidenced by the fact that about 78 per cent of the respondents in the survey have either put the technology into practice in at least one use-case or have plans to pilot it over the next 12 months," as per the EY report...
