Artificial intelligence stands as a pivotal technology in the ongoing digital transformation, playing a crucial role in facilitating the expansion of businesses. Recent research and market surveys indicate that by 2025, AI is poised to experience an annual growth rate of 52%. This rapid adoption is anticipated globally, spanning sectors such as national security, healthcare, logistics, and education. Notably, the World Economic Forum suggests that the developing world may witness the loss of two-thirds of jobs due to automation.
Pakistan’s population and governmental stability face potentially significant impacts from this AI-driven shift. The negative consequences of job displacement are further exacerbated by the country’s limited access to education and technology. Understanding the intricate and multidimensional nature of AI’s influence on Pakistan’s labor market requires consideration of specific industries, job categories, and governmental policies.
Read More:Engro Corporation, its listed subsidiaries recognized among top 10 recipients at PSX awards
Conversely, generative AI holds the potential to enhance production and efficiency, thereby benefiting the Pakistani economy. Automation of specialized tasks in manufacturing and agriculture, such as data processing and decision-making, can boost productivity and lead to economic expansion. Furthermore, the application of generative AI in developing nations like Pakistan could create new job opportunities in AI-related industries such as data analysis, software development, and machine learning, offering relief to the existing high unemployment rates. Additionally, generative AI can contribute to educational advancements by tailoring learning experiences for students, potentially improving academic achievements, and increasing access to education in developing nations.
The positive impact of generative AI in Pakistan hinges on factors like the availability of resources (energy, internet connectivity, and a skilled workforce) and adherence to governmental rules and regulations. Given that some countries are making substantial investments in Artificial Intelligence, it is imperative for Pakistan to create an environment conducive to the application of AI and to catch up with the advancements made by developed nations.
