AI and jobs: What’s the outlook for India’s BPM sector? 

On this State of Financial system Podcast, businessline’s Haripriya Sureban talks to Vikas Bhalla, President and Head of Insurance coverage Enterprise at EXL, and Srikanth Srinivasan, Vice President and Head of Membership and Outreach at nasscom, on the impression of generative AI on India’s BPM (Enterprise Course of Administration) sector.

Srikanth kicks issues off by portray an image of India’s spectacular tech panorama, highlighting how the BPM business is a key participant, contributing billions to the economic system and holding a high spot in international companies rankings.

“AI has performed a major function in enhancing productiveness, guaranteeing excessive efficiency, enabling predictability, and advancing personalization from pure to hyper and even nano ranges. Industries have leveraged expertise extensively to create distinctive buyer experiences,” mentioned, Srikanth Srinivasan, Vice President & Head – Membership & Outreach, nasscom.

Vikas helps break down how generative AI is shaking issues up in BPM. “Each time there was a brand new disruptive expertise which has emerged, the BPM business in India has adopted it extraordinarily properly and has additionally taken a management place in it. From automation to knowledge and now to AI, this has been accomplished in two methods – utilizing new applied sciences to enhance the prevailing set of companies that it has and creating new units of companies primarily based on these applied sciences,” mentioned Vikas Bhalla, President, and Head of Insurance coverage Enterprise, EXL.

However what about jobs? Vikas and Srikanth dive into the nitty-gritty, addressing issues about automation whereas shining a light-weight on the thrilling new alternatives AI brings. They stress the significance of studying new abilities and staying adaptable in a quickly altering business.

Hear in to know extra.

Host: Haripriya Sureban, Producer: Siddharth Mathew

In regards to the State of the Financial system podcast

India’s economic system has been hailed as a brilliant spot amid the overall gloom that appears to have enveloped the remainder of the world. However a number of sectors proceed to stutter whilst others appear set to fireside on all cylinders. That can assist you make sense of the bundle of contradictions that the nation is, businessline brings you podcasts with specialists starting from finance and advertising and marketing to expertise and start-ups



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