AI to Boost Productivity Without Major Job Losses in IT Industry: Kris Gopalakrishnan
In a recent discussion, Infosys co-founder and Chairman of Axilor Ventures, Kris Gopalakrishnan, offered a positive outlook on the impact of artificial intelligence (AI) on the IT industry. Amid growing concerns about AI’s potential to disrupt jobs, Gopalakrishnan emphasized that AI will serve as a catalyst for productivity improvements rather than a significant threat to employment within the sector.
AI: The Next Wave of Technological Growth
Gopalakrishnan highlighted that the IT industry has historically thrived by embracing technological advancements, each wave contributing to the industry’s expansion. AI, he stated, is the latest in this series of transformative technologies. According to Gopalakrishnan, AI’s ability to automate repetitive tasks and enhance decision-making processes will lead to increased productivity across the board.
The Resilience of the IT Industry
Despite the rapid adoption of AI, Gopalakrishnan believes that job losses in the IT sector will be minimal. He attributes this resilience to the industry’s maturity and its ability to adapt to technological shifts. He also pointed out that the IT sector is closely tied to the global economy, and as such, it is expected to continue its growth trajectory at a rate of 5-15%, depending on economic conditions.
Job Evolution, Not Elimination
Gopalakrishnan’s perspective suggests that while AI may change the nature of certain jobs, it will not result in significant job losses. Instead, roles within the industry will evolve, with new opportunities emerging in areas such as AI development, data analysis, and cybersecurity. The focus, he says, should be on reskilling and upskilling the workforce to ensure they are prepared for these new roles.
Conclusion
Kris Gopalakrishnan’s insights provide a reassuring message for the IT industry, suggesting that AI will be a force for positive change, driving productivity without causing significant job displacement. As the industry continues to grow and evolve, the emphasis will be on adapting to new technologies and equipping the workforce with the skills needed to thrive in an AI-driven world.
