The integration of artificial intelligence (AI) into digital transformation brings about a plethora of opportunities. However, to minimize job redundancies as AI-powered automation transforms work processes, embracing upskilling is crucial.
Senior executives at the Mint Digital Innovation Summit 2024 emphasized the need for individuals and organizations to adapt to the technological advancements brought by AI. These transformations will create new job opportunities while enhancing human work’s value.
Organizations must prioritize upskilling and reskilling programs to ensure that the workforce remains relevant in the face of AI-induced changes. By leveraging AI’s capabilities, industries are witnessing advancements in various sectors, including urban planning, agriculture, and manufacturing. These advancements offer data-driven insights and improved efficiency.
Jayashree Satagopan, Corporate President and Chief Financial Officer of Coromandel International, highlighted the importance of understanding AI’s role and effectively communicating it within organizations. She emphasized the need for accessible upskilling to create a congenial environment for embracing technological advancements.
Dilipkumar Khandelwal, Chief Executive Officer of Deutsche India, outlined three key focus areas for organizations to measure AI’s impact internally: simplifying existing operations, exploring disruptive business models, and anticipating competition from non-traditional industries.
Sajid Malik, Chairman and Managing Director of Genesys International, showcased how AI is aiding governments in urban planning and digitizing India, opening up new possibilities for spatial data utilization. Sigal Atzmon, Founder and Chief Executive Officer of Medix Global, stressed the ethical use of data and ensuring privacy.
The executives acknowledged that AI will have a transformative impact on work across industries. AI is a key factor defining technology spending and shaping the next generation of work in various sectors in the years to come.
