Of The Indian Workforce's Love-Hate Relationship With AI

Many employees believe their companies will be out of business in under 10 years due to advances in tech, says a report

- Aisiri Amin

The rapid rise of artificial intelligence in the workplace and its increasing ability to perform tasks that have traditionally required human skills have come as a sudden jolt for many. Today, there is a looming threat of an uncertain future in workplaces and an urgency to upskill. Now, a new report reveals that about 1 in 4 CEOs and half of the workforce in India believe that their companies will be out of business in less than 10 years.

The report, Workforce Hopes and Fears Survey 2023: India perspective, by PwC, involving 2,502 Indian employees, explored their expectations, apprehensions and aspirations. With the emergence of generative artificial intelligence (AI), over 60% of employees believe the skills needed to do their jobs will undergo significant changes in the next five years. There is unmissable concern about the increase in AI-fuelled job losses. About one-third of Indian employees feel AI would negatively impact their work and more than 20% feel that it would take over their job, the report states.