According to Deloitte‘s AI Executive Rohit Tandon, “AI will replace people with people, contrary to the common narrative.” He emphasized that the future belongs to AI-human partnership, not replacement, as he anticipates a revolutionary period in which technology empowers people rather than replaces them in the workforce.
Tandon, Managing Director, AI and Insights Practice Leader, Deloitte, stated in an interview with PTI that AI won’t steal employment; rather, it would replace some of the simpler tasks with new ones.
“AI will, with people, replace people… It’s not just AI replacing people. You still need humans in the loop,” he said.
Tandon explained that when IT, technology, and computers entered the picture, there was a similar kind of concern that certain employment roles would disappear.
However, consider how much extra employment IT has helped to create globally. AI will bring about the same outcome. The most potent AI algorithms will be at your disposal, in your pockets, purses, and wallets, just as you currently have access to some of the largest supercomputers on your phone. It will be omnipresent, just like it is today.
“It’s going to be something that we talk about just like the way we talk about it or not talk about it, it just becomes a part of our lives,” Rohit added.
He claimed that employment losses have been threatened by new technologies before.”We have previously used automation, call centers, etc. A portion of the simpler tasks have been automated.
It leaves behind more difficult difficulties for people to tackle.”It will result in changes to jobs. Humans will replace AI in the future.
AI will begin automating more of the simpler tasks that are completed, according to the work pyramid, he said.
According to him, people will utilize AI to augment their knowledge and improve their capacity to locate information, share it, and assist the general public.
It will make some roles obsolete. However, Tandon stated that more employment will be created than lost.
According to Rohit, shared services—which are provided by all industries—are the first to be affected by AI.”HR, finance, and a few components of shared services. From an industry standpoint, energy is assuming some pretty intriguing use cases that have a broad influence, he stated.
Rohit gave an example of how the identification and control of wildfires has been made possible by the use of computer vision, artificial intelligence, and speedy computation and processing.
Other industries leveraging AI’s potential include consumerization, finance, and hospitality, he noted.
He went on to say that while establishing rules and boundaries for AI is crucial, they should be flexible.
Some firms may feel constrained at first, but as these restrictions take effect and become clear to them in the medium to long run, they will only grow to appreciate and be grateful for them. It is my recommendation that these not be imposed as one-time rules.
“We’re discovering new things every day due to the rapid advancement of AI and Gen AI. Right now, I’m studying more than I did in high school or college.
“These regulations must be flexible. These need to be vibrant spaces that are always assessing, exposing flaws in the structures that have been put in place, and fortifying them,” Rohit declared.
Rohit continued, “The government and businesses working together can be the only way to achieve this.”Tandon went on to emphasize the government’s role in the adoption and application of AI, arguing that it should be the catalyst rather than the owner.
He said that’s how you can take it global and accelerate it.
“I make reference to two pillars: computational capacity. To ensure that is available, I believe the government must play a significant role. These GPUs are power-hungry, therefore a significant amount of electricity will be needed to support their computational capability. That will need to be made possible by the government. “Grassroots-level training, availability of knowledge, and being able to get that in a wide population is going to be also very valuable,” he added.
