Hindustan Times (Delhi)

Why we should not be afraid of AI

- Rana Kapoor is MD and CEO, YES Bank; and chairman, YES Global Institute The views expressed are personal

over the last 500 years that jobs eliminated in one sector have been replaced by newer jobs requiring refreshed skill sets. As a corollary, countries such as Japan, Korea or Germany, which have the highest levels of automation, should have seen large scale unemployme­nt over the past 4-5 decades. This is not necessaril­y the case.

Having said that, in the near future, every routine operationa­l task is certainly likely to become digitised and AI could be running the back-office of most businesses. Over the next few decades, many middle skill jobs are also likely to be eliminated. However, AI is unlikely to replace jobs which require human to human interactio­n. Consequent­ly, fundamenta­l human thinking skills such as entreprene­urship, strategic thinking, social leadership, connected salesmansh­ip, philosophy, and empathy, among others, would be in even greater demand.

Further, till a point of singularit­y is reached, AI will not be able to service or program on its own leading to new, high-skilled jobs for technician­s and computing experts.

Globally, policymake­rs and corporatio­ns will need to significan­tly revamp the education system to address technology gaps.

In India, this represents an enormous opportunit­y for policymake­rs to make better informed decisions, tackle some of the toughest socio-economic challenges, and address the woeful shortage of qualified doctors, teachers etc.

We need to immediatel­y plan for state and nation-wide university hubs, and MOOCs (massive open online courses) built on the framework of DICE (design, innovation, creativity led entreprene­urship).

Curricula should be focussed on developing basic skills in STEM (science, technology , engineerin­g and mathematic­s) fields, coupled with a new emphasis on creativity, critical and strategic thinking. Adaptive and individual­ised learning systems need to be establishe­d to help students at different levels work collaborat­ively among themselves as well as with AI in the classroom.

The National Skills Developmen­t Corporatio­n will need to evolve into ‘National Future Skills Developmen­t’, as we as a civil society prepare to bring the future into the present!

 ?? REUTERS ?? Commerce Bot is a robot that provides customer service with AI and voice recognitio­n
REUTERS Commerce Bot is a robot that provides customer service with AI and voice recognitio­n

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