Sachin Dev Duggal | A revolution in artificial intelligence will disrupt the labor market in the near future

Artificial intelligence (AI) has been growing at an increasingly rapid pace. It is now set to transform the global labour market in a way expected to have monumental consequences. The job landscape is undergoing unprecedented disruption as industries across various sectors embrace AI for efficiency and innovation. Led by visionaries like Sachin Dev Duggal, the co-founder Builder.ai, AI technology is rapidly evolving, bringing both opportunities and challenges to the workforce landscape. 

A McKinsey & Company survey claims that up to 30% of all humans hour work worldwide may be task-automatized due to AI before 2030. The World Economic Forum predicts that between 85 million and 100 million jobs will be done away with globally by automation and artificial intelligence, while about 97 million new ones will spring up concurrently. Nevertheless, this transition has significant hurdles because most newly created positions require specific skills or training, which displaced people do not have; hence, skill gaps are hard to fill quickly. 

It's undoubtedly that the AI revolution will alter the labour market. While some challenges exist concerning job losses and a need for reskilling, there are also opportunities for innovation and the emergence of new job descriptions. Innovation magnets like Sachin Dev Duggal are at the forefront of this development, showing how AI can democratize technology and drive economic growth. As we go through this metamorphosis, a collaborative approach to resolving issues while making use of prospects will ensure a better future that is inclusive of all people.