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AI Will Directly Affect Jobs, According To Infosys Executive

By Consultants Review Team Thursday, 29 February 2024

The world has been much more interested in generative AI since OpenAI released ChatGPT in 2022. While some believe that new technologies would benefit people and help them in their daily lives, others have been arguing that these technologies will replace human labor in the workforce. Furthermore, a top executive at Infosys thinks that generative AI would result in fewer employees being needed in organizations. Put another way, businesses will hire fewer people in the future as a result of AI.

According to a Business Standard article, Satish H. C., executive vice-president and co-head (delivery), stated that businesses will require fewer workers in the future due to emerging technologies like generative AI (artificial intelligence). He said that over the course of the next three to five years, this change will occur gradually.

He went on to say that businesses would become more efficient as they employ cutting-edge technology like generative AI more frequently, which will reduce the necessity for traditional employment. To put it simply, businesses may decide to reduce hiring as technology grows in importance. This change is anticipated to occur gradually over the next years.

In a further interview with Reuters, the top executive at Infosys stated that the business was also becoming an "AI first." I don't think Infosys was the first company to go digital. We are adjusting to AI a lot better now that we have the benefit of hindsight from how we adapted to digital, he said, adding that although it took us a few years, "I think we are going AI first."

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