Can AI replace humans? 

In the banking and financial sector, AI is revolutionising operations. Automated algorithms can handle routine tasks such as transaction processing, fraud detection, and customer inquiries. AI’s data analysis capabilities enable rapid assessment of extensive financial datasets, enhancing risk management and decision-making. The realm of customer service is also experiencing transformation, as AI-powered chatbots and virtual assistants adeptly manage routine inquiries and basic problem-solving tasks. This shift reduces the necessity for human intervention in these areas, optimising customer support processes. While AI can replace specific tasks and roles, the total replacement of human workers remains constrained due to the irreplaceable qualities humans bring to the workforce, including emotional intelligence, creativity, and adaptability. The prevailing trend leans towards collaborative integration, with AI and humans working synergistically. It is evident and inevitable that AI will rule the automation related basic tasks by performing in a better way compared to humans. Few examples of job fields where AI is affecting the most, are:

Automation of Repetitive Tasks: AI’s proficiency in executing repetitive tasks with precision and efficiency poses a significant impact on involving monotonous activities like data entry and routine calculations. Recognizing AI’s prevalence in automating such tasks is essential for individuals to adapt their skill sets accordingly.

Affected jobs: Automation Engineer, Robotic Process Automation (RPA) Developer, Automation Specialist

Evolution in Customer Service: The advancement of AI-powered chatbots and virtual assistants is reshaping customer service dynamics. Routine inquiries, order tracking, and basic issue resolutions are efficiently managed by AI, emphasising the need for human service roles to focus on intricate and emotionally nuanced interactions.

Affected jobs: Chatbot Developer, Customer Experience Strategist, Virtual Assistant Specialist

Data Analysis and Predictive Modeling Revolution: AI’s strength in processing extensive datasets and discerning patterns transforms professions in data analysis, statistical modelling, and predictive analytics. Leveraging historical data for prediction, AI enhances efficiency and accuracy, necessitating awareness among professionals contributing to data-driven decision-making processes.

Affected jobs: Data Scientist, Predictive Analytics Specialist, Data Analyst – Advanced Analytics

Integration in Manufacturing Processes: In manufacturing, AI-driven robots are becoming integral for handling intricate assembly tasks. This necessitates individuals in this industry to recognize AI’s role in automation and adapt their roles towards more technical and supervisory capacities.

Affected jobs: Manufacturing Automation Engineer, Robotics Integration Specialist, Smart Manufacturing Solutions Architect

Medical Diagnostics: AI’s potential in medical diagnostics, especially in analysing medical images, is noteworthy. Healthcare professionals must be aware of these AI applications, recognizing the complementary role of AI in identifying abnormalities alongside the irreplaceable human element in complex case interpretation and personalized care.

Affected jobs: Medical Imaging Analyst, Diagnostic AI Specialist, Clinical Diagnostics Technologist

Legal Research: In the legal realm, AI’s assistance in basic legal research and document analysis is transformative. Legal professionals should recognize the capacity of AI to accelerate processes and pinpoint relevant case law while acknowledging the continued necessity of human expertise in interpretation and argument construction.

Affected jobs: Legal Research Analyst, Legal Technology Specialist, Legal Research Consultant

Understanding the prevalence and applications of AI tools is crucial for individuals directly involved in these industries and for society at large. This awareness enables proactive adaptation of skill sets, fostering a collaborative and informed approach to the integration of AI into various professions and daily life. In conclusion, as AI continues to reshape diverse professions, the awareness of its impact on specific job categories is paramount. By acknowledging the transformative potential of AI and its reliance on historical data for prediction, individuals can proactively adapt, ensuring a harmonious various and complex tasks.

The 5th Convocation Ceremony at Vijaybhoomi University

Vijaybhoomi University recently celebrated its 5th convocation ceremony on campus, marking a significant milestone for its graduates. The ceremony was presided over by Padma Shri Dr. Zahir Ishaq Kazi, an esteemed educationist, who commended the university for embracing an innovative, interdisciplinary approach to learning. In his address, Dr. Kazi highlighted the university's alignment with the National Education Policy 2020, offering students the freedom to explore diverse fields, from science and technology to music and law, and to curate their own unique educational paths. He encouraged graduates to carry forward their passion, as learning remains a lifelong journey.

Vice Chancellor Dr. Atish Chattopadhyay also addressed the gathering, congratulating graduates on their hard work and resilience. Notable awards included the Vice Chancellor's Medal to Dhwani Lokesh Bhandari and Dean’s Medals to Saichandar Patro, Sangeetha G, Gomes Shayne Diego, and S Abhay. Dr. Chattopadhyay emphasized the university’s commitment to scholarships and diverse academic partnerships, empowering students to achieve their aspirations. He urged graduates to pursue excellence and continuous learning as they embark on new paths. Congratulations to all graduates and their families on this proud occasion!

Masterclass on Sustainable Marketing and Social Impact by Ms. Madhura Kulkarni

Vijaybhoomi University, recently hosted an insightful masterclass with Ms. Madhura Kulkarni, former Global Head of Sustainability, Social Impact, and DEI at PepsiCo. The session focused on sustainable marketing strategies.

Ms. Kulkarni shared examples of brands successfully practicing sustainable marketing, sparking engaging discussions among the MBA students. Participants actively asked questions, deepening their understanding of how sustainability can enhance brand loyalty and social impact. This masterclass provided a valuable opportunity for students to learn from an industry leader and develop essential skills for responsible marketing.

Generated by:

 Satvika Kushwaha

We really value your feedback. We’d love to hear back from you. Do write to us at newsletter@vijaybhoomi.edu.in

Vijaybhoomi University is India's first Liberal Professional University, which uses the liberal-professional framework of education to build a unique curriculum aligned to Industry 4.0. The curriculum facilitates the process of self-discovery in the initial year and thereafter choice of majors and minors to prepare oneself in high-demand careers in data science, artificial intelligence, business, law, music and design. The university is located in Karjat, Greater Mumbai, and nurtures holistic, socially responsible, and continuously employable professionals who can make a positive difference in the world.

Vision

To become an independent, multi-disciplinary, globally acclaimed university which facilitates learner-centricity, builds pathways to groom holistic individuals, and fosters innovation and scholarship to impact practice and communities

Mission

Nurture holistic, socially responsible, and continuously employable professionals.

Click here to unsubscribe