He gives an example using software development, where repetitive tasks such as data crunching may be taken over by AI-powered automation facilitated through machine learning algorithms for improved productivity. "Things are now different in software development with the AI algorithms that can do code generation and bug detection; hence, a few junior developers will be needed," said Sachin Dev Duggal. "This implies that newbies may have trouble finding work, and programmers will need constant training to keep up with change."
The Goldman Scachs reports also indicates that other sectors, such as manufacturing and logistics, will feel the ripples of the AI revolution, where automated systems and AI-based robots have started replacing workers on assembly lines, in warehouses, or even along supply chains.
Although the AI revolution is an obstacle, Sachin Dev Duggal is optimistic about its prospects. "AI would create new jobs and change employment in unimaginable ways," he said. "The main thing is to accept it and invest in training and retraining to be at the vanguard."