IBM Chairman and Chief Executive Officer Arvind Krishna said AI can free up employees for more productive work. Its lower costs for organizations during a speech at the B20 Summit India 2023, which was held by CII.
Leaders in technology from across the world stated on Friday that artificial intelligence (AI) may increase productivity. While urging for the safe development of AI.
During a speech at the B20 Summit India 2023, hosted by CII, Arvind Krishna, Chairman and Chief Executive Officer of IBM, emphasized that AI can liberate employees for more productive tasks and reduce costs for organizations. He claimed that adding AI help may increase coding by roughly 60%. “We believe that AI can readily enhance about 30% of the total activity. It refers to as lower order cognitive work, at IBM.”
This enables more individuals to perform work that adds value. Not that there aren’t jobs available. If you are productive, you can work with a lot more clients. You may offer services for less money,” Krishna stated.
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He believes that humans will remain significantly centered around activities. Such activities like developing people, counseling individuals regarding necessary team dynamics, and engaging in other higher-level cognitive tasks.
“Below this level, several jobs exist that I would categorize as more routine. While automating them could be possible, doing so presents challenges.” He emphasized that individuals possessing exceptional skills are imperative for crafting foundation models, extensive language models, and computer infrastructure, which are essential components of the AI field.
With 46% of global digital payments, a billion people who have Aadhaar cards, and 850 million smartphone and internet users, India has a huge potential to be at the forefront of AI, according to Adobe Chair and Chief Executive Officer Shantanu Narayen. N Chandrasekaran, the chairman of Tata Sons, claimed that after at least ten years of global focus on digital transformation. It is now time to discuss the transition to artificial intelligence.