IBM, a pioneer in the field of technology and AI, has been making strategic moves to align with the evolving landscape of artificial intelligence and its impact on the workforce.
By Godfrey Benjamin
Edited by Julia Sakovich
Updated
3 mins read
In a recent interview with CNBC’s “Squawk Box Asia”, IBM (NYSE: IBM) Chairman and CEO Arvind Krishna has revealed the potential impact of Artificial Intelligence (AI) on white-collar jobs. Krishna asserts that AI has the potential to improve the productivity of any organization’s operation, highlighting the revolutionary impact of technology in modern workplaces.
While AI technologies have already shown their ability to streamline processes, improve decision-making, and optimize resource allocation, their impact on the workforce has been a matter of dispute and speculation.
The cornerstone of Krishna’s argument lies in the concept of productivity gains through automation. As AI technologies continue to evolve, they become increasingly adept at performing tasks traditionally carried out by human employees.
Krishna, however, highlighted that this shift in capabilities presents both opportunities and challenges. On one hand, businesses stand to benefit from reduced operational costs, increased efficiency, and the ability to reallocate human resources to more creative and strategic roles.
On the other hand, workers in certain job roles, particularly those categorized as “back office, white-collar work” might find themselves facing displacement as AI systems take over routine and data-driven tasks.
Krishna added that there is “a disinflation in demographics” that reflects the changes that many countries are witnessing around the world.
Notably, population aging and decreased birth rates are resulting in a lower working-age population in comparison to the dependent and elderly population. This demographic change creates substantial issues for economies and society since a smaller workforce can result in reduced economic development and an increased burden on social welfare systems.
AI, according to Krishna, emerges as a crucial solution to address these challenges. The implementation of AI technologies across industries has the potential to enhance productivity by automating routine tasks, improving decision-making, and enabling faster and more accurate data analysis.
IBM, a pioneer in the field of technology and AI, has been making strategic moves to align with the evolving landscape of artificial intelligence and its impact on the workforce. In recent months, the company’s initiatives have showcased its commitment to innovation, efficiency, and the responsible integration of AI technologies.
One of the notable developments from IBM is the launch of WatsonX, an AI-building tool designed to empower clients in building, training, and deploying machine learning models.
This initiative reflects IBM’s dedication to democratizing AI and making its benefits accessible to a broader range of businesses and industries. The tool’s ability to streamline the process of developing AI models underscores IBM’s recognition of the growing demand for AI-powered solutions across various sectors.
WatsonX’s introduction comes on the heels of a strategic decision by IBM to sell its data and analytics unit, Watson Health, following a period of financial challenges. This move highlights IBM’s commitment to focusing on areas of its business that align more closely with its strengths and market demands.
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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
