AI may change nature of work, won't mean job losses, says Axis Bank

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These efforts have increased customer additions by nearly 50 per cent, resulting in lower costs per addition, Shetty said.

Axis Bank is experimenting with several test-use cases with generative AI to increase efficiency, according to Shetty.

Many operations jobs will get automated and the bank’s employee mix will flip in the next five years in favor of technology and customer-facing roles, Shetty said.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Axis Bank Sameer Shetty AI models Head of digital business and transformation Artificial intelligence Job losses

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 08:33:24 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23334397

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