Artificial Intelligence (AI) will come to a rescue in a climate where some industries are dramatically shrinking and others are expanding, according to Eightfold.ai. AI will finally allow companies to see what skills their organizations need, and who has those skills, even if they were laid off from jobs in totally different industries.
Eightfold, in collaboration with the U.S. India Business Council (USIBC) and Invest India, recently hosted a webinar on ‘The Future of Work and Skills in the Post-COVID World.’ It attracted CXOs from across industries. The webinar highlighted and provided solutions on how to deal with the new nature of jobs and skills that are and will continue to hit the markets.
The session featured Eightfold CEO and Founder Ashutosh Garg, along with other industry leaders from GE, HCL Technologies, and the Department for the Promotion of Industry and Internal Trade (DPIIT). The webinar was moderated by USIBC President Nisha Biswal.
Each speaker talked about how the pandemic-driven recession will disrupt the future of the job market.
Garg said AI will come as a savior for talent, “exchanging talent from one industry to another industry.” A restaurant employee, for example, who has lost his or her job may think that all they know is food. But, Eightfold’s AI can uncover what that person really knows, such as budgets, inventories, payroll, hiring employees, and supply chains. Eightfold’s technology helps companies hire based on skills, without over-relying on resumes and job descriptions.
Ultimately, the goal, Garg says, is “enabling the right career for everyone in the world.”
VIDEO | The Future of Work and Skills Post-COVID
