German software company SAP SE is optimistic that artificial intelligence (AI) will generate new jobs, despite concerns that the technology may threaten human employment. “We believe AI will lead to job creation by boosting productivity.” “We are collaborating with our partners to utilize AI and enhance the productivity of our projects,” stated Muhammad Alam, a member of SAP’s executive board for product engineering, during a media roundtable at the company’s R&D lab in Bengaluru on Wednesday. “AI enables us to speed up migrations and reduce implementation costs, which contributes to our business growth,” Alam added. Chief Executive Christian Klein shared a similar view, noting that the demand for developers will rise as AI-driven businesses expand, which will in turn boost the development workforce in India. “In India, the economy is diversifying quickly, and all these customers require software; it’s an advantageous position for the tech industry,” Klein remarked during his media interaction, having taken over as CEO in April 2020. We can now develop this software more quickly and efficiently, but we need to create more of it. As long as this situation continues, we will continue to invest. Additionally, the workforce for development in India will continue to grow. “Although it might appear that AI will decrease the number of people needed for specific tasks, we must recognize that AI is actually creating more job opportunities across various technologies,” stated Ashutosh Sharma, vice-president and research director at Forrester Research. He noted that technology spending will rise among organizations, with AI playing a crucial role in generating new jobs stemming from investments in technologies that AI facilitates. SAP, a software company based in Walldorf, Germany, provides large firms with tools to manage various business processes, including human resources, finances, supply chain management, and inventory. The optimistic statements from SAP’s board about AI stand in contrast to the concerns expressed by Sundar Pichai, CEO of Alphabet Inc., during a post-earnings call, where he raised alarms about the future of coding jobs. “We’re also utilizing AI internally to enhance our coding processes, leading to greater productivity and efficiency.” “Today, over 25% of all new code at Google is produced by AI and then examined and approved by engineers,” Pichai stated during a call with analysts on October 29, following the company’s financial results announcement for the quarter ending September 201. Meanwhile, in India, CEOs of the largest software services firms have tried to ease investor worries about job security due to generative AI (GenAI). “LLaMA 3 sparked significant initial interest.”
