AI Revolution: Transforming Jobs and Industries

Deloitte South Asia CEO Romal Shetty highlights that AI will significantly alter job landscapes, creating new roles while affecting repetitive and commoditized tasks. He emphasizes human intervention's ongoing importance and sees AI as an opportunity, not a challenge. Regulations must balance innovation with security.

The advent of artificial intelligence (AI) is set to reshape the job market, driving the creation of new roles and industries, according to Romal Shetty, CEO of Deloitte South Asia. While some repetitive and commoditised jobs may be impacted, Shetty asserts that AI will generate more job opportunities than ever before, with human intervention remaining crucial to maximizing the benefits of AI.

Shetty sees AI as a vast opportunity. For instance, air traffic control for drones and rapid research advancements using generative AI are areas where technology is unlocking new capabilities. As companies adapt, new regulations on emerging technologies and digital data are essential, though they must not hinder innovation.

Shetty stresses the importance of balanced regulations that ensure data privacy and fairness, while also supporting the continued evolution of business models in line with technological advancements. He calls for careful consideration to prevent regulations from stifling growth and innovation in the AI-driven future.

(With inputs from agencies.)