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Ram Menon, CEO & Co-founder - Avaamo
Avaamo, a pioneer in the generative AI solutions space, has announced the launch of Avaamo Agents, a line of digital employees designed to enhance business operations with intelligence comparable to that of humans. By introducing autonomous AI agents that can work around the clock, this ground-breaking innovation seeks to revolutionise a number of industries and increase efficiency and output.
Avaamo's Digital Workforce
Earlier this week, the company announced the new Avaamo Agents, which are designed to augment the workforce where there may be a shortage of skills or labour. The newly unveiled Avaamo Agents are autonomous AI entities equipped with advanced capabilities in agentic reasoning.
These agents, which are the result of Avaamo's extensive experience in automating intricate enterprise workflows, are made to work in unison with current business procedures while maintaining strong security and compliance protocols.
"By turning labor into software, we're enabling organizations to scale operations exponentially while maintaining the human-like intelligence that customers expect," stated Ram Menon, CEO and Co-founder of Avaamo, emphasizing the significance of the AI Agents.
As organizations worldwide seek to integrate AI into their operations, Avaamo Agents offer a ready-to-deploy solution that accelerates time-to-value. With prebuilt skills and customization capabilities, these agents can be implemented within weeks, ensuring rapid deployment, robust security, and compliance. This positions Avaamo at the forefront of innovation, shaping the future of agentic-enabled enterprises and redefining the workforce landscape.
CEO’s Take on Humans Losing Jobs
Avaamo CEO Ram Menon compares the impact of AI on jobs to past industrial disruptions, using the automobile industry as a metaphor.
“When Henry Ford created the Model T, and people starting buying an automobile, everyone said that all the people who are handling horses, those who build coaches and those who build bullock carts will be out of a job. That was somewhat true. However, we fail to understand the concept of new industries that came out of it,” stated CEO Ram Menon.
While some of those roles were indeed eliminated, new industries emerged, including highway construction, gas stations, and motels, creating millions of jobs. Menon believes a similar transformation will happen in industries like India's BPO sector. While AI may reduce traditional call center roles, it is already generating new opportunities, such as the rapidly growing data labeling industry.
Large language models (LLMs) require precisely labeled data, a process that demands millions of human work hours, demonstrating how AI is creating new employment opportunities alongside automation.
Impact on India's AI Landscape
The introduction of Avaamo Agents is poised to significantly influence India's burgeoning AI industry, which is projected to reach $1 trillion by 2030. By transforming labor into software, these digital workers address current labor demands and skill shortages, allowing human talent to focus on higher-value activities. This shift not only enhances operational efficiency but also opens new avenues for worker reskilling and upskilling.
Government initiatives such as Digital India and Make in India provide a conducive environment for integrating AI solutions like Avaamo Agents into various sectors. Organizations that embrace this AI-driven transformation stand to gain a competitive edge, positioning themselves as pioneers in AI-powered business operations.