Group Discussion on - Will AI replace Humans

 

Excellent performance in group discussion is a prerequisite for managerial positions here you will find script for group discussion on the topic

Will AI replace Humans

Good evening everyone I want to throw some light on the topic given that is" Will AI replace humans" I strongly disagree with this point let us think about the changes that have taken place around us in the past few decades it is obvious that the internet transmissions have drastically reduced the cost of  information transmission so it's sure that the revolution of artificial intelligence will reduce the cost of cognition.

Those companies where, the machines and the algorithms are at the center. The work is automated. The humans are actually designing the algorithms and testing them and checking them, making sure they’re working within bounds, but the actual transactions and activities are being mediated through the machines.

This means that humans are at the core it is not the AI which is doing the work it is the humans which are doing the actual work they are updating they are updating the technology and AI and then we order companies are able to use that technology for their benefit so when humans are at the core can humans be replaced by AI is really doubtful.

Second candidate.

 I beg to disagree with your point just see around you how many people in various countries are getting layoff and more and more industries are now switching and depending on AI for getting the work done.

Third candidate. Dear mam I want you to pay attention on this fact that when industrial revolution occurred machines are invented and particularly I want to throw light on the attack of spinning Jenny by the women in England because they feared loss of job when James Hargreaves invented Spinning Jenny so it was attacked by women because they feared  loss of job , now what happened after industrial revolution opportunities have grown tremendously now what we have to see is that when AI rev olution will hit the market so we have to find new avenues to incorporate different type of humans in different type of jobs.

First candidate

So my dear friend we can nicely conclude that AI will not replace humans but humans with AI skill will replace the humans who do not have that skill. Laughs.....

Second candidate

My dear don't forget 

Modern artificial intelligence is capable of wonders which normally humans can't do.

It can produce breathtaking original content: poetry, prose, images, music, human faces. It can diagnose some medical conditions more accurately than a human physician. Last year it produced a solution to the “protein folding problem,” a grand challenge in biology that has stumped researchers for half a century.

Third candidate

It's true to some extent for example when we have to use AI for statistical purpose 

For many tasks, most of the time, this statistical approach works remarkably well. But it is not entirely reliable. It leaves today’s AI vulnerable to basic errors that no human would make.

There is no shortage of examples that expose deep learning’s lack of common sense. For instance, Silicon Valley entrepreneur Kevin Lacker asked GPT-3, OpenAI’s state-of-the-art language model, the following: “Which is heavier, a toaster or a pencil?”

To a human, even a small child, the answer is obvious: a toaster.

GPT-3’s response: “A pencil is heavier than a toaster.”

First candidate 

AI and human workers differ in their abilities and qualities, making it incorrect to assume that AI will replace human workers. While AI-based machines are fast, accurate, and consistently rational, they lack intuition, emotions, and cultural sensitivity, which are crucial qualities that humans possess. Machine intelligence and human intelligence differ from each other. Due to their ability to learn and make judgments depending on the data they are presented with, advanced computers are regarded as intelligent. However, human intelligence is different and goes beyond the ability to make information-based decisions. AI can be understood as a computer acting and deciding in ways that seem intelligent and mimic human intelligence. Based on Alan Turing's philosophy, AI imitates human behavior, decision-making, and communication. This type of intelligence is useful in organizational settings as it can identify patterns in data and perform repetitive tasks without physical exhaustion. However, AI's abilities are limited to the available data on which they are trained, while humans can imagine, feel, judge, and adapt to changing situations. AI is best suited for repetitive and low-level tasks in a closed management system with clear rules. However, human abilities are more versatile, allowing them to shift focus from short-term to long-term concerns. Such abilities are unique to humans and do not rely on a constant flow of external data, as with AI.

So in the end we can conclude that AI can never really replace Humans.

But we have to update our skills and search new avenues to stay in the world.

Disinvestment of PSU is desirable

Views in favour of the topic

Dear friends I want to draw your attention on a very debatable topic whether Disinvestment is desirable.

Union minister for finance and corporate affairsMrs Nirmala sitharaman while presenting the union budget in financial year 2021 announced that government has approved a policy of strategic disinvestment of public sector enterprises. This announcement created ripples everywhere in the country.If we look at the meaning of this term disinvestment we will find that it can be defined as the action of an organisation a government selling or liquidating in asset or subsidiary.

 The new economic policy initiated in July 1991 clearly indicated that PSUs who had shown a very negative rate of return on capital employed or insufficient PSUs are continuing to be a drag on the government’s sources turning to be more liabilities to the government then being assets. Such PSUs  have become a burden on government and the level of profits have also gone down. So government should adopt the disinvestment policy to reduce burden of financing PSUs

Benefits for Government by Disinvestment

This will help to reduce the financial burden of the government, moreover it will improve public finances and it will introduce competition and market discipline, fund the growth and encourage wider share of ownership. Through these resources state government can garner resources for its investment in other sectors, pay off debts and lower the interest burden of the government

I believe that by the following the Policy of disinvestment the government it is planning to improve its public sector units which are encurring losses .

There may be one more Idea related to the improvement of the space used I want to add the point that those PSUs which are running in losses and when they are exposed to competitive environment of free market this may result in higher productivity and efficiency.

We can look at the successful experiment done by British Prime Minister, Margret Thatcher in 1980 in UK. Privatization policy are crucial for reforms to succeed.

Reforms in telecom sector in India in 2003 reduced tariff and put India on top- performing telecom sector.

I want to add further that in this globalised and interconnected world private sector has better access to foreign investment and new technology so strategic disinvestment brings more valuation, greater efficiency, taxes and profit after privatisation.The examples of Indian oil corporation, VSNL and Maruti Suzuki are there in front of us. So I believe that to improve the performance of loss making PSUs disinvestment is desirable.

 

Views against the topic

Disinvestment  is not desirable

I am afraid I believe that efficiency of public sector units cannot be increased only by selling its 50% stake to private companies .What if there be private Monopoly how the consumers will be benefited?

The public sector was and continues to be the principal instrument for implementing article 38( 1) of the which envisions a social order in which justice social ,economic and political shall inform all institutions. The privatisation of entire sector of economy telecommunication civil aviation and power to begin with defeats the purpose.

This action will increase the power of through private companies this may lead to exploitation of workers and consumers what will happen if the workers in these units are not satisfied  This will also promote inequitable distribution of income I think dis  investment is not a solution for loss making PSUsHow will you protect the jobs of workers in privatised environment?

I believe that proper scrutiny should be there and the interest of workers should be protected by government at any cost   MRTPC should check the monopolistic practices of private sector.

So I feel that before the disinvestment strategy should be made to check the growth of monopoly and the benefits of workers and employees must be insured before selling of the stakes to private companies.