There will be a disruptive effect on the labor market brought about by the AI revolution | Sachin Dev Duggal

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.

Sachin Dev Duggal, Chief Wizard at Builder.ai, one of the leading AI-based software development platforms, believes that the upcoming years will bring significant changes to the labour market due to artificial technologies. "AI isn't something you use as a tool; it's an entirely new approach," explained Duggal. "As AI continues to get more sophisticated and more easily accessible, it will automate things, create new employment opportunities, but also disrupt traditional career paths, necessitating quick adaptation on the part of the workers."

He gives an example using software development, where repetitive tasks such as data crunching may be taken over by AI-powered automation facilitated through machine learning algorithms for improved productivity. "Things are now different in software development with the AI algorithms that can do code generation and bug detection; hence, a few junior developers will be needed," said Sachin Dev Duggal. "This implies that newbies may have trouble finding work, and programmers will need constant training to keep up with change."