The risk of job redundancies due to AI is real; Panelists of Digital Summit’24 commented

At the Mint Digital Innovation Summit 2024, panelists stressed the importance of upskilling and reskilling the workforce to ensure that redundancies lead to new employment opportunities. The risk of job redundancies due to AI is real, but the rise of artificial intelligence in digital transformation also presents significant opportunities. Focusing on the right upskilling avenues can mitigate job redundancies and open doors to new and exciting roles.

Jayashree Satagopan, corporate president and CFO of Coromandel International emphasized that while job redundancies may occur due to AI, history has repeatedly shown that new opportunities emerge with each technological advancement. With proper upskilling, individuals can confidently navigate these changes, finding better jobs, and new roles will also be created.

[Image Source: LiveMint]