Artificial Intelligence (AI) is projected to replace up to 5% of full-time technology roles annually over the next 4-5 years. However, as basic roles are automated, new higher-level jobs will emerge, focusing on decision-making, strategy, AI ethics, and sustainability. Leading automation companies anticipate a shift in job profiles as businesses refine their AI strategies. Historically, new technologies have led to the creation of more jobs. While some jobs may be automated, it will lead to individuals focusing on more value-added tasks.

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A study by McKinsey Global Institute suggests that by 2030, around 12 million occupational transitions might be needed in the US, with significant impacts in marketing, sales, customer operations, and software development. Outsourcing expert Pareekh Jain believes that while there might be short-term effects on certain low-level jobs, the long-term impact will be minimal. Robotic process automation company UiPath emphasizes the role of AI in enhancing efficiency, with use cases in healthcare and data collection. Tech Mahindra's chief digital officer, Kunal Purohit, highlights the potential for a 35-45% efficiency improvement with AI. As AI replaces traditional roles, the demand will shift towards fields like data science, AI/ML, and cybersecurity. The future will see the rise of autonomous businesses, which will be majorly operated by self-learning software, marking a significant shift in the business landscape.

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