While people all around the world are counting days to when they will lose their job to automation, a recent report in MIT Review has a different point of view to offer. According to the report, when it comes to Asia, AI will not results in any job cuts in the region, in fact it will help economise Asia’s human talent.
In one of its most recent reports, Asia's AI agenda: the Deep Dive Editions, MIT Technology Review re-examined the latest technology, venture capital, government and enterprise strategy trends that are coming together in the continent to spearhead the wave of innovation and adoption of Artificial Intelligence (AI). It also highlighted that how some specific Asian markets are cashing on the aforementioned trends and racing their way to success.
MIT based their report on a survey they had conducted specifically of Asia-based senior executives (including human capital professionals) to understand the impact AI and robotics is having on Asia's bursting business landscape.
The report unearthed that a majority of the Asian-based senior executives strongly believe that AI will significantly help them in improving their own competitiveness in Asia, especially when it comes to process efficiency and their ability to making use of customer data to garner better insights.
The report also helped in providing an all around view of AI's progress trajectory and how it is has been slowly but steadily been manifesting in each of four markets- India, Singapore, China and Australia.
According to the report, the frequent changes and advancements happening in the automation industry are resulting in Asian firms also making some significant changes in managing and developing their human talent. The report claims that the pace of changes is almost forcing the companies to take some time out and examine the very nature of what a ‘job’ actually means.
A majority of the respondents strongly opinionated that technological advancements in AI and robotics will actually help positive effects on most of the Asian industrial sectors. According to the report, while the continent lacks the depth of technical skills and R&D facilities needed to match with the pace of AI development, but the there are significant pockets of the ‘natural resources’ Asian economies need to promote and develop their own machine-learning capabilities.
The report also churned out that China, India and other large Asian economies are generating a significant amount of data, which is important for pushing the boundaries of AI. Also, countries like Australia and Singapore, despite being small in size, are pulling their weight when it comes to development of ‘indigenous’ AI R&D resources. In fact, both the economies have a clearly defined vision of how how machine learning can help enhance the competitiveness of their already established industries.
According to the report, as against the common presumption that AI will lead to humans becoming jobless, AI might actually help in enhancing and redefining far more capabilities, and increase the productivity of all companies and workers.
The MIT report aligns well with the recent report of KellyOCG India, a talent management solutions provider, that predicted that the demand for AI and machine learning specialists in India is going to see an overwhelming increase by next year (Read Here).
In one of its most recent reports, Asia's AI agenda: the Deep Dive Editions, MIT Technology Review re-examined the latest technology, venture capital, government and enterprise strategy trends that are coming together in the continent to spearhead the wave of innovation and adoption of Artificial Intelligence (AI). It also highlighted that how some specific Asian markets are cashing on the aforementioned trends and racing their way to success.
MIT based their report on a survey they had conducted specifically of Asia-based senior executives (including human capital professionals) to understand the impact AI and robotics is having on Asia's bursting business landscape.
The report unearthed that a majority of the Asian-based senior executives strongly believe that AI will significantly help them in improving their own competitiveness in Asia, especially when it comes to process efficiency and their ability to making use of customer data to garner better insights.
The report also helped in providing an all around view of AI's progress trajectory and how it is has been slowly but steadily been manifesting in each of four markets- India, Singapore, China and Australia.
According to the report, the frequent changes and advancements happening in the automation industry are resulting in Asian firms also making some significant changes in managing and developing their human talent. The report claims that the pace of changes is almost forcing the companies to take some time out and examine the very nature of what a ‘job’ actually means.
A majority of the respondents strongly opinionated that technological advancements in AI and robotics will actually help positive effects on most of the Asian industrial sectors. According to the report, while the continent lacks the depth of technical skills and R&D facilities needed to match with the pace of AI development, but the there are significant pockets of the ‘natural resources’ Asian economies need to promote and develop their own machine-learning capabilities.
The report also churned out that China, India and other large Asian economies are generating a significant amount of data, which is important for pushing the boundaries of AI. Also, countries like Australia and Singapore, despite being small in size, are pulling their weight when it comes to development of ‘indigenous’ AI R&D resources. In fact, both the economies have a clearly defined vision of how how machine learning can help enhance the competitiveness of their already established industries.
According to the report, as against the common presumption that AI will lead to humans becoming jobless, AI might actually help in enhancing and redefining far more capabilities, and increase the productivity of all companies and workers.
The MIT report aligns well with the recent report of KellyOCG India, a talent management solutions provider, that predicted that the demand for AI and machine learning specialists in India is going to see an overwhelming increase by next year (Read Here).
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