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Artificial Intelligence is creating jobs, hardly stealing: Capgemini

The report mentioned that every 6 out of 10 Indian companies have been implementing AI in operations

Ayan Pramanik  |  Bengaluru 

Artificial Intelligence is creating jobs, hardly stealing: Capgemini
Artificial Intelligence

About 9 out of 10 say (AI) has created new jobs, according to a study report by IT services and consulting firm

Interestingly, 8 per cent of the 86 surveyed in the country said that they witnessed job losses due to emergence of this new-age technology. Rest all have seen job creation through implementation of In fact, the report mentioned that every 6 out of 10 have been implementing in their operations.      

Majority of the new job roles created across in India and the world are at the senior management level; while India has seen more than 20 per cent of such new roles in and digital technology being created at very senior level (C-suite), unlike other countries, noted the report.

As much as 40 per cent of the job roles in are created at the managerial level in India across eight other nations.

has significantly improved operational efficiencies at across sectors such as banking, telecommunications, manufacturing, automotive, retail, insurance and utilities and all the who have been surveyed said they expect to increase effectiveness at varied operational categories.

The study report highlighted how ICICI Bank, India’s largest private sector bank, has used bots to enhance customer service delivery and enable employees to focus on better engagement with customers. ICICI Bank, the study noted, has deployed software robots in more than 200 business process functions across the organisation spread across functions such as retail banking operations, agri-business, trade and foreign exchange, treasury, and human resource management.
COMING OF AGE

* Six out of ten surveyed say have implemented AI
* 20 per cent more job roles in senior leadership due to and digital technology
* 40 per cent of the job roles in were created at the managerial level
* has used bots to improve customer service
* 60% of employees worry that could disrupt — anxious about working with machines or applications
“The bank has implemented the platform mostly in-house, leveraging techniques such as facial and voice recognition, natural language processing, machine learning, and bots, among others. The bank’s robot capabilities include chat bots that act as quasi-bankers, software bots that carry out remittances while helping customers with their loan choices,  email bots that sort customer and distributor emails based on transaction status or similar criteria, thereby helping the bank slash response time,” said the report.

across the nine countries including India said their key drivers for investment in are to increase customer satisfactions and deliver superior insights amongst other things.

There are concerns over increasing use of too.

“In our survey, 61 per cent of organisations (more than 900 companies) believe that the majority of their employees worry about AI’s role in potential job losses. It makes employees anxious about working with machines or applications and fuels resistance to change—another major hurdle in implementation,” noted the study report.

This can be dealt with by better communication and talking about the effectiveness of training in and other new-age technologies.

“We are running a training programme for employees from all BUs to learn Alexa programming skills. The primary objective is not to develop solutions, but we are trying to increase the level of confidence that our colleagues have with We hope to build an understanding of what those things can, and cannot do, as both of them are obviously equally important,” Michael Natusch, Global Head of at Prudential, was quoted saying in the report. 

First Published: Sat, September 09 2017. 01:44 IST
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