According to Forrester Research, Organizations that utilize Artificial Intelligence (AI) and related innovation to uncover new bits of knowledge will take $1.2 trillion for every annum from their less educated companions by 2020.
Despite the fact that AI has been around since the 1950s, it is as of late that the innovation has started to discover true applications. The interest in AI by both tech behemoths and in addition new businesses has expanded 3 folds to $40 Billion starting at 2017. With this form of the unprecedented storm in regards to technology, it has become extremely important to know how much it can actually contribute to the society for employment and greater good rather than just serving the business organizations in regards to optimization of revenue and drastic reduction of cost.
Present Impact of Disruptive Technologies:
AI, Cloud Computing, Machine Learning, and all the disruptive technologies are driving the next generation of technology evolution. Within a few years of time, there will be very few companies left without some form or the other kind of implementation of real-time technology. But it comes with a twist. One side it looks extremely fascinating where investment on technology is driving the business revenue and through automation, it is making higher ROI for the companies, but at the same point of time, it is losing out on the human resource part. Most of the employees either not very aware of the intricacies of the technologies nor they are quite skilled to handle the real-time challenges.
According to a present survey, 64 percent of associations are struggling due to the widening and dampening talent gap in India. This measurement is made much additionally alarming by the way that staggering 49 percent of the representatives are worried that their present range of abilities will be redundant in the following 4-5 years, with 34 percent trusting it will occur in the following year or two.
The Harvey Nash/KPMG CIO Survey 2018 sees 65 percent of CIO's announcing an absence of skillset keeping their association away from implementing these key technologies in their respective organizations and moreover, for the same reason, 67 percent of them are arranging automation process to mitigate the gap and talent shortage for extra headcount. Organizations are facing multiple challenges in regards to finding the proper talent to manage the technologies and implementations of it in the organizations. The available resources are either not having in-depth knowledge and practical experience in the technology or they need to be trained in their particular domain from scratch to work on. Organizations are tackling the issues in various ways. The most prominent and popular one is arranging the proper training required to the employees for performing the job.
How Future will look like?
The future will not be the scaremonger as it pretends to be. There are multiple opportunities that will come along with the implementation of disruptive technologies and automation. There will be multiple jobs created which are needed to assist, maintain, monitor and even the build and implement the latest technologies such as
AI or Machine Learning. There will definitely be a tectonic shift in the skill level and resources/ employees need to learn and get adept at it, but the convergence of technology and manpower will be inevitable in future and there will be multiple job creation in those fields.
