Is Your Job AI-safe? Which Jobs Will Be Affected By AI? | Vantage with Palki Sharma

Summary

India produces 1.5 million engineers annually, but only around 2,000 are equipped to build core AI products. With AI predicted to affect 40% of jobs by 2025, 67% of Indian engineers fear job loss. Despite a surplus of graduates, a skill gap exists, with many lacking practical application skills. Upskilling is seen as a solution, with 87.5% believing it can secure their future, focusing on high-level problem-solving and AI-complementary skills. Other jobs at risk include technical writing, legal assistance, and customer service.

Takeaways

• 🎓 India produces 1.5 million engineers annually, but only about 2,000 are capable of building core AI products.
• 🌐 Artificial Intelligence (AI) is predicted to affect 40% of all jobs worldwide according to the International Monetary Fund (IMF).
• 📉 A significant number of Indian engineers (67%) are concerned that AI will take their jobs.
• 💼 Upskilling is seen as a solution, with 87% of Indian engineers considering it to safeguard their careers.
• 🚀 AI talent is limited, with a scarcity of people capable of creating AI products despite high demand.
• 🏭 The IMF report suggests AI could impact 300 million jobs, which is approximately 99.1% of all jobs globally.
• 📈 In Europe, 68% of people fear job loss due to AI.
• 🔧 About 40% of all engineering jobs could be automated in the next decade, increasing the urgency for engineers to adapt.
• 📚 Only 45% of India's engineering graduates meet industry standards, indicating a significant employability and skill gap.
• 🌟 Engineers are keen to acquire hard skills and knowledge about generative AI to complement AI technologies.
• 🌿 AI is not only a threat to engineers but also to various other jobs including technical writing, legal assistance, market research, and customer service.

Q & A

How many engineers does India produce annually?

India produces 1.5 million engineers annually.

How many of India's engineers can build a core AI product?

Just about 2,000 out of the 1.5 million engineers produced annually are capable of building a core AI product.

What percentage of jobs will AI affect according to the International Monetary Fund?

AI is expected to affect 40% of all jobs in the future.

What percentage of India's engineers fear that AI could negatively impact their jobs?

67% of India's engineers fear that AI could negatively impact their jobs.

What percentage of India's engineers are considering upskilling?

87% of India's engineers are considering upskilling to safeguard their careers.

How many jobs could AI impact worldwide according to a report by the International Monetary Fund?

AI could impact 300 million jobs, which is about 99.1% of all jobs in the world.

What percentage of jobs in Europe do people fear could be lost due to AI?

68% of people in Europe fear they could lose their job due to AI.

What percentage of engineering jobs could be automated in the next decade?

Nearly 40% of all engineering jobs could be automated in the next decade.

What is the employability rate of India's engineering graduates according to the 2023 India skills report?

Only 45% of India's engineering graduates meet the industry standards for employability.

What percentage of India's engineers believe upskilling can future-proof their careers?

87.5% of India's engineers believe upskilling can future-proof their careers.

What jobs besides engineering are at risk of being affected by AI?

Jobs at risk include technical writing, legal assistance, market research analysts, travel agents, translators, customer service, and more.

Which demographic will be most affected by AI according to a UK Think Tank report?

Women, young workers, and people who are least paid will be the most affected by AI.

How does the Indian government view the impact of AI on routine jobs?

The Indian government has stated that some routine jobs are likely to be automated.