Artificial intelligence imperils India Inc. jobs

Context

The software, ‘driving’ the cart, had been developed by Infosys together with IIT-Delhi. The vehicle can be used on a pre-determined route.

Information about the vehicle

This is an example of building the autonomous systems in the cart to teach our employees to build autonomous driving technology.
Technology leaders are drumming up the thought that the emergence of new technologies such as artificial intelligence (AI).
Automation are expected to be the new drivers of employment, especially for India’s $150 billion information technology (IT) industry that now employs about four million people.
Over the past two years, Bengaluru-based Infosys, which crossed a revenue of $10.2 billion in the 2016-17 fiscal, has revamped the way it trains staff.
Last quarter, the company completed training 3,000 people in AI technologies.
He said with the advances in automation technology, more ‘commoditized’ jobs were going away and one had to move towards next-generation jobs and new areas of opportunities.
In April, the firm also released next generation AI platform, Nia which, it said, tackles business problems such as forecasting revenues and understanding customer behaviour.
The other applications include deeply understanding the content of contracts and legal documents, understanding compliance and fraud.