A PROJECT REPORT

ON
IMPACT OF AI ON EMPLOYMENT OPPORTUNITY
Certificate
This is to certify that the project entitled ‘ROLE OF AI IN TALENT ACQUISITION’ the Bonafide
work carried out by Anshika Thakur, student of MBA, School of Management, Bahra
University, Waknaghat (H.P.) during the year 2024, in the partial fulfilment of requirements
for the award of the degree of Master of Business Administration and the Project has not
been formed the basis for award previously of any degree, diploma, fellowship or any other
similar title.

Dr. Sulochna Syal

Head of Department
BU, Waknaghat

DECLARATION
I, Anshika Thakur, of MBA (4 Semester) of School of Management, Bahra University,
Waknaghat hereby declare that the project report under the project title "Impact of AI on
employment opportunity” is my own work and I have done this project under the
supervision of Dr. Sulochna Syal.
I also declare that the content of this project is purely a part of this comprehensive project
work and the content has not been submitted to any other institution for the award of any
degree, diploma or fellowship.
Further, I assign the right to the university to use the information and contents of this
project report to develop cases, case leads and papers for publications or for use in
teaching.
Anshika Thakur

Acknowledgement
I would like to express my special thanks of gratitude to respected Head of Department,
School of Management & my guide Dr. Sulochna Syal, who gave me the opportunity to do
this project on the topic “IMPACT OF AI ON EMPLOYMENT OPPORTUNITY”. I am extremely
thankful and pay my gratitude to School of Management, Bahra University for giving me this
opportunity. Lastly I would like to thank all my friends and family who directly or indirectly
helped me to complete this project.

Thanking You
Anshika Thakur
TABLE OF CONTENTS
 CHAPTER-1
INTRODUCTION
 ABSTRACT
Artificial Intelligence (AI) has surfaced as a transformative technology with the eventuality
to reshape colourful aspects of mortal life, including the pool and employment geography.
As AI technologies continue to advance fleetly, there's a growing concern regarding the
implicit impact on job openings and the future of work. This abstract points to give an
overview of the impact of AI on employment, agitating both the challenges and openings
associated with its integration into the pool. AI’s robotization capabilities have formerly
started to disrupt traditional job places. Routine and repetitious tasks that can be fluently
automated are decreasingly being performed by AI systems, leading to a reduction in the
demand for certain types of jobs. diligence similar as manufacturing, client service, and
transportation are particularly susceptible to robotization- driven job relegation. still, it's
important to note that while AI may exclude certain job places, it also has the implicit to
produce new bones although AI can replace certain tasks, it can also compound mortal
capabilities, leading to the creation of new job openings.

INTRODUCTION
Artificial intelligence (AI) is a rapidly growing field that has the potential to revolutionize the
way we interact with technology. At its core, artificial intelligence is a branch of computer
science that focuses on creating machines and software that can think and act like humans.
AI systems are designed to learn from their environment and make decisions based on what
they learn. This means they can be used to automate processes, recognize patterns, and
even solve complex problems. AI is used in many different industries, from healthcare to
finance to manufacturing to retail and many more fields.

Applications of AI
Artificial Intelligence has various applications in today's society. It is becoming essential for
today's time because it can solve complex problems with an efficient way in multiple
industries, such as Healthcare, entertainment, finance, education, etc. AI is making our daily
life more comfortable and fast.
Following are some sectors which have the application of Artificial Intelligence.
1. AI in Astronomy

 Artificial Intelligence can be very useful to solve complex universe problems. AI

technology can be helpful for understanding the universe such as how it works,
origin, etc.
2. AI in Healthcare

 In the last, five to ten years, AI becoming more advantageous for the healthcare
industry and going to have a significant impact on this industry.
 Healthcare Industries are applying AI to make a better and faster diagnosis than
humans. AI can help doctors with diagnoses and can inform when patients are
worsening so that medical help can reach to the patient before hospitalization.

3. AI in Gaming

 AI can be used for gaming purpose. The AI machines can play strategic games like
chess, where the machine needs to think of a large number of possible places.
4. AI in Finance

 AI and finance industries are the best matches for each other. The finance industry is
implementing automation, chatbot, adaptive intelligence, algorithm trading, and
machine learning into financial processes.
5. AI in Data Security
  The security of data is crucial for every company and cyber-attacks are growing very
rapidly in the digital world. AI can be used to make your data more safe and secure.
Some examples such as AEG bot, AI2 Platform, are used to determine software bug
and cyber-attacks in a better way.
6. AI in Social Media

 Social Media sites such as Facebook, Twitter, and Snapchat contain billions of user
profiles, which need to be stored and managed in a very efficient way. AI can
organize and manage massive amounts of data. AI can analyse lots of data to identify
the latest trends, hashtag, and requirement of different users.
7. AI in Travel & Transport

 AI is becoming highly demanding for travel industries. AI is capable of doing various

travel related works such as from making travel arrangement to suggesting the
hotels, flights, and best routes to the customers. Travel industries are using AI-
powered chatbots which can make human-like interaction with customers for better
and fast response
8. AI in Automotive Industry

 Some Automotive industries are using AI to provide virtual assistant to their user for
better performance. Such as Tesla has introduced TeslaBot, an intelligent virtual
assistant.
 Various Industries are currently working for developing self-driven cars which can
make your journey more safe and secure.
9. AI in Robotics:

 Artificial Intelligence has a remarkable role in Robotics. Usually, general robots are
programmed such that they can perform some repetitive task, but with the help of
AI, we can create intelligent robots which can perform tasks with their own
experiences without pre-programmed.
 Humanoid Robots are best examples for AI in robotics, recently the intelligent
Humanoid robot named as Erica and Sophia has been developed which can talk and
behave like humans.

10. AI in E-commerce

 AI is providing a competitive edge to the e-commerce industry, and it is becoming

more demanding in the e-commerce business.
 AI is helping shoppers to discover associated products with recommended size,
colour, or even brand.
11. AI in education:
  AI can automate grading so that the tutor can have more time to teach. AI chatbot
can communicate with students as a teaching assistant.
 AI in the future can be work as a personal virtual tutor for students, which will be
accessible easily at any time and any place.

12. AI in Entertainment
13. AI in Agriculture:

 Agriculture is an area which requires various resources, labour, money, and time for
best result. Now a day's agriculture is becoming digital, and AI is emerging in this
field. Agriculture is applying AI as agriculture robotics, solid and crop monitoring,
predictive analysis. AI in agriculture can be very helpful for farmers.

AI’s Impact on jobs

Artificial Intelligence (AI) is changing the job market, creating new types of jobs and
enhancing existing ones. As AI continues to develop and evolve, it is important to
understand how it is impacting the job market, the types of new jobs that are emerging, and
the potential impact on unemployment rates and the economy as a whole.
According to a report by McKinsey & Company, AI is expected to create 20-50 million new
jobs globally by 2030. These new jobs will be in a range of industries, including healthcare,
manufacturing, and finance. Some of the new job roles that are emerging as a result of AI
include:

 AI Trainers and Teachers: These are individuals who are responsible for training and
teaching AI systems. They ensure that AI algorithms are accurate and effective, and
they also develop new AI applications and systems.
 Data Analysts and Scientists: With the increase in data generated by AI systems,
there is a growing demand for individuals who can analyse and interpret this data.
Data analysts and scientists use AI tools to analyse data and identify patterns and
insights that can help businesses make better decisions.
 Human-Machine Teaming Managers: As AI becomes more integrated into the
workplace, there is a growing need for individuals who can manage the interaction
between humans and machines. Human-machine teaming managers ensure that AI
systems work effectively with human workers, enhancing productivity and efficiency.
 AI Ethics and Policy Specialists: As AI becomes more prevalent, there is a growing
need for individuals who can address the ethical and policy implications of AI. AI
ethics and policy specialists ensure that AI systems are developed and used in a
responsible and ethical manner.
AI is creating new job opportunities that require skills such as critical thinking, creativity, and
problem-solving. Artificial Intelligence is also enhancing existing jobs by improving accuracy
and precision in many tasks, such as quality control and data analysis. For example, in
healthcare, AI is being used to assist doctors and nurses with diagnosis and treatment
recommendations, improving patient outcomes and reducing the workload of healthcare
professionals.
The impact of AI on unemployment rates and the economy as a whole is a topic of debate.
While AI is creating new job opportunities, it is also leading to job displacement, particularly
in industries that rely heavily on routine and repetitive tasks.
According to a report by the World Economic Forum, by 2025, AI will have displaced 75
million jobs globally, but will have created 133 million new jobs. This means that there will
be a net gain of 58 million jobs globally, but there will still be significant job displacement in
certain industries.
The impact of AI on unemployment rates will also vary by region and industry. For example,
the manufacturing industry is likely to experience significant job displacement as a result of
AI, while the healthcare and education industries are expected to see significant job growth.
In addition to its impact on employment, AI also has the potential to impact the economy as
a whole. AI can lead to increased productivity and output, which can stimulate economic
growth. However, there are concerns about the potential for AI to widen the wealth gap, as
those with the skills and knowledge to work with AI may earn higher salaries than those
who do not have these skills.
OBJECTIVES
 CHAPTER-2
Literature Review