Once upon a time, the world was divided into two calendars - BC and AD; however, this calendar changed in the last decade itself. Now is the time of digitalization, and in this digital age, futuristic technology - artificial intelligence (AI) plays a major role.
Banks are operating on algorithms, chatbots are handling customers, the Internet of Things (IoT) is controlling production, and deep learning is powering self-driving cars. In that sense, AI is everywhere, and AI-driven disruption is happening all around us. In this scenario, the only burning question is - Are you ready for this digital world?
What if I say you can’t be without AI skills?
You must know that AI is not a distant technology. It is already revolutionizing the business world. With its capabilities, AI is enhancing customer experience, improving marketing strategies, and boosting organizational performance. Thus, the need to learn and master AI skills makes sense.
AI is hot and has been nascent for a long time - that’s a beautiful contradiction in how it lives. AI technology has a lot of promise in many areas, such as transportation, education, health, manufacturing, retail, arts, medicine, etc. Leaders realize both the advantages and dangers of using AI as a weapon in the new landscape.
However, the impact of AI continues to grow on business value and productivity. For instance, a recent McKinsey report indicates that generative AI can contribute somewhere between USD 2.6 trillion and USD 4.4 trillion to the global economy. The integration of AI may allow businesses to automate processes and personalize experiences, which is expected to increase workforce productivity.
There is a wide range of AI applications. From retail to healthcare to finance, every industry is using and benefiting from AI.
These are just a few examples of AI’s widespread applications. With advancements in machine learning, natural language processing, and deep learning, AI is evolving rapidly. Its growing role in industries like financial services, manufacturing, and telecommunications showcases its importance in driving innovation and efficiency.
By now, you must have realized that AI is not a smooth tap on the shoulder. It is seismic. It disrupts the industry it touches. In McKinsey’s latest survey findings, we can see that a minority of companies recognize many of the risks of AI use, and fewer are working to reduce the risks. Cybersecurity and risks related to AI explainability are still at the top of many lists. AI high performers, however, remain more likely than others to recognize and mitigate most risks. Those high performers are 2.6 times more likely than others to say their organizations are managing equity and fairness risks, such as unwanted bias in AI-driven decisions.
The task is challenging, but it has to be done. We have to balance the positive side of AI’s disruption with the flip side. We have to leverage AI’s gains, improvise and manage internal processes efficiently, and make sure that we minimize the risks associated with it. People and organizations who rise to this disruption will gain.
The world has already experienced a number of fiascos, and AI is another turbulence that is going to reduce human jobs. However, this is not true. This is the age of digitalization, and advanced technologies are at the heart of this age, but it doesn’t mean humans will be replaced. Rather, this age is all about collaborations between humans and machines.
While some industries are still sceptical about AI and its uses, others, like marketing, healthcare, and retail, have already adopted and implemented AI. One thing is clear: AI has come to stay, and it is not going anywhere. We are going to witness much more advanced versions of AI in the coming years. But to ensure that you utilize it to its utmost capacity, you must learn AI and excel in your AI skills.
The demand for AI has surged, especially in financial services, telecommunications, and manufacturing, and it is going to further expand. As businesses increase their reliance on AI, their significance in the tech landscape is only going to increase.
The AI market is growing exponentially. In 2025, the global AI market is projected to grow to USD 243.70 billion and is expected to grow at an annual growth rate of 27.47% in the next 5 years, as per Statista. You must be wondering - What is the reason behind this exponential growth?
It is the growing investments in AI technologies that are driving this growth in the AI market globally. This growth is a clear indication that AI is going to be the core of every business process in the future, and employees will be required to work alongside this technology to be efficient.
So, if you wanna stay in the race, you need to know AI and how to collaborate with this futuristic technology. If you’re a business leader, you should consider checking the IIM Calcutta AI for Leaders Course, which will equip you with the ability to seamlessly integrate AI into your organization to optimize its business processes.
AI’s future is very bright - it is here to stay and is growing exponentially. But how is it going to impact the jobs?
According to the World Economic Forum’s Future of Jobs Report, automation due to AI-powered tools will displace around 85 million jobs in 2025 globally, while 97 million new job roles will emerge. If we see that way, AI is actually going to increase employment opportunities.
However, only those who care to upskill and learn this technology will succeed, while those who continue depending on old ways may become obsolete. AI is changing the way we work, so all you need to do is reskill and learn how to work smartly alongside AI. This way, you won’t be the one to be thrown out of the window! You can consider the IIIT Hyderabad AI and Machine Learning Course. Its industry-relevant curriculum will have a high impact on your career and job.
Some of the roles in organizations are in high need of upskilling to increase their efficiency; these include:
With the evolution and increased integration of AI, the demand for professionals skilled in designing, developing, and applying AI will only increase.
AI is here, and it is not going anywhere. It will evolve and get more advanced, but surely never go back. Its application in the business world is increasing rapidly. Due to automation, millions of job roles will become obsolete while new jobs will be created.
Thus, investing in your skills today will help you get ready for tomorrow’s workforce. You can learn and advance your skills in many ways - collaborate with industry experts and gain practical experience or invest time watching videos and consuming news to stay updated about the advancements in AI. The best way is to enrol in a structured learning program. Explore our AI courses that will take your career to the next level.
In this digital world, if you wish to succeed, all you need to do is adapt, learn, and embrace AI. It doesn’t matter if you’re a first-time job seeker or a working professional. Now is the time to invest in learning AI.
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