artificial intelligence news – ‘Not AI taking away jobs’: Zoho’s Sridhar Vembu details what’s ailing the software job market

SRIDHAR VEMBU, founder and chief scientist in Zoho, said on Tuesday that the software labor market is struggling due to several causes other than artificial intelligence that directly caused job losses. He said in a long post on social media that job losses can be attributed to contracts of inefficiency in the institution, driven by a surplus of capital due to investment capital, private shares and subscription subscriptions.

“What is sick with the software work market is not a museum intelligence (not yet anyway).”

VEMBU went on to explain how this money was used to market to spread fear of losing uncertainty about the advanced nature of technology, and doubts among corporate customers, which led to the development of spending at all.

“The IT budgets in the institution have continued because any information managers or board of directors want to be seen as backward? The major companies in the West have layers and layers of refined information technology systems, a lot of money spent to gain and even more money on which to obtain different systems to work together.”

He even stated that the more effective information technology systems become, the more permanent resource banks, you need a large number of employees to keep them. He also indicated that in software, two people can outperform the team of 20 people and the team of 10 people can do the team of 200 people.

“One of the deep facts about software is that often two people can greatly outperform the team of 20 people and the team of 10 people can do the team of 200 people. This is not only because of the contrast of talent – even when the big groups have a talented equivalent, they can easily end in unproductive projects.”

Zoho founder also mentioned how ITIs in India absorbed these aspects of inefficiency while expanding them, but they are now facing a realistic examination as well as easy money, which led them to focus more on productivity.

Instead of looking at artificial intelligence as a reason for job losses, VEMBU said that technology provides production gains up to 10-20 percent today.

“Based on the nature of the project, AI can offer 10-20 % production gains. A big leap but it is not a 10x or 100x jump yet to destroy jobs on a large scale. But artificial intelligence gains today are pale compared to” double efficiency “that has been built over decades.