Sun. Apr 14th, 2024




GenAI is a force multiplier for human capability

TLDR:

  • McKinsey’s research predicts 14% growth in tech jobs by 2032 across all industries.
  • GenAI has the potential to disrupt roles and create new opportunities.

GenAI, or generative artificial intelligence, is viewed as a force multiplier for human capability by Jacky Wright, the chief technology and platform officer at McKinsey & Co. Harnessing the power of GenAI in India could serve as a proof-of-concept for the rest of the world. McKinsey’s research projects a 14% growth in tech jobs by 2032 across industries, emphasizing the need for CEOs and senior leaders to incorporate technology as a core element of their future work strategies.

Wright highlights the importance of keeping humans in the loop when implementing AI and GenAI as they are essential for quality assurance and ensuring a quality product. She emphasizes the need for leaders to focus on upskilling, reskilling, and creating a culture that embraces innovation to effectively harness the power of these emerging technologies.

In the context of India’s AI ecosystem, Anuj Kadyan, a senior partner at McKinsey, identifies four key opportunities for the country, including becoming a testbed for AI innovation, a center of excellence for GenAI, leveraging GenAI to leapfrog product development, and impacting the digital mission in India by making technology accessible to the population.

Overall, the future of work will see disruption of roles and the emergence of new opportunities, with the cognitive abilities of individuals enhanced by GenAI. To ensure inclusivity in this growth, efforts are needed to focus on education, particularly encouraging women and under-represented communities to pursue opportunities in technology. Leaders must also consider the impact of emerging technologies on their organizations, workforce, and culture, and drive initiatives for digital inclusion and innovation.