How Artificial Intelligence Influences the Future of Work

Do you know how Artificial Intelligence AI affects the future of work?

While no one knows how artificial intelligence will influence the future of work or employment, we can all agree on one thing: AI is one of the world’s most important technologies today.

Artificial intelligence is already present in our daily lives, influencing everything from search results to online dating opportunities to shopping habits. According to research, the use of AI in numerous commercial fields has surged by 270 percent during the last four years.

But, in the future, how will this technology impact employment?

Will it create a permanent underclass of people unable to find work because their jobs have been automated?

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Ill superintelligent computers eventually take over the world, leaving the people who created them with little use?

Will robotic servants usher in a golden age of human leisure and affluence, or will they bring about a period of peace and prosperity for humanity?

According to PwC research, by the mid-2030s, one-third of all jobs will be at risk of automation. Individuals with a low level of education will be the most vulnerable part of the workforce.

Anxiety about job losses caused by the usage of technology has persisted for generations. With each discovery, someone’s livelihood or quality of life was at risk of being permanently affected.

The Rise of Robotics and Artificial Intelligence

Manual labor was common in the 16th century. Until a priest named William Lee came up with the idea of automating — at least in part — the stocking-making process. He modified carpet looms to produce a long sheet of stocking material, which could then be cut and sewn into stockings. It was significantly faster and cheaper than the typical approach.

According to legend, Queen Elizabeth I declined Lee’s request for a patent for his machine because she was concerned about the well-being of former stocking knitters who would lose their livelihoods.

His machine had a limited impact, but it laid the groundwork for subsequent textile machine advances.

Riots in 19 Century

Hundreds of years later, English textile workers saw even more severe shifts. They were not alone, either.

As the Industrial Revolution advanced, people relocated from rural areas to new, rapidly expanding cities. They found work in mills and factories, where steam-powered technology enabled handcrafted items to achieve previously unheard-of output levels.

Mechanization also caused problems for farmworkers. As the world’s population grew, so did the demand for machinery to manage everything from seed sowing to crop harvesting. Workers’ reactions were not uniformly positive. In the United Kingdom, a group known as the Luddites resisted the increasing use of automation.

They rioted, destroyed machinery, and set fire to the homes of business owners.

Manufacturing in the 20th Century

Toward the close of the twentieth century, the use of robots in automobile manufacturing increased. Originally developed to do simple, repetitive tasks, they helped increase output, standardize production quality, and control costs.

In 1979, Fiat aired a television commercial illustrating the manufacture of its Strada hatchback, with the tagline “handmade by robots.”

Assembly-line operations such as welding and spray painting were among the first to be automated. Humans were present to monitor the machinery.

As technology has improved, the amount of activities that robots can now perform has increased to include more sophisticated procedures, such as installing windshields on vehicles. They are also commonly used in factories to transport large and heavy products.

How Artificial Intelligence Influences the Future of Work

As businesses strive to reduce COVID-19 infections in the workplace while keeping operational costs low, the desire to replace humans with automation is increasing.

As businesses go from survival mode to finding out how to operate while the pandemic continues, the replacement of humans with machines may accelerate. According to a recent report by economists Daron Acemoglu of MIT and Boston University, robots could replace 2 million additional workers in manufacturing alone by 2025.

The impact of AI in manufacturing is growing as firms seek to reduce operational costs by replacing humans with technology.

The impact of AI in manufacturing is growing as firms seek to reduce operational costs by replacing humans with technology.

According to McKinsey, many Black and Latino Americans work as cashiers, food service workers, and customer service representatives, which are among the 15 jobs most threatened by automation. Their continued march may result in the loss of 73 million employees in the United States by 2030.

As with all previous human innovations (such as the steam engine, electricity, and the internet), an innovation that provides value, regardless of how feared it is, is likely to have a positive impact on society overall.

Many firms quickly employed robots in response to the coronavirus. They were suddenly completing technical jobs that humanity had been concerned with for thousands of years. They were washing the airport floor and taking people’s temperatures.

Salad-Making Robot

Hospitals and universities replaced dining-hall personnel with Sally, a salad-making robot developed by tech company Chowbotics.

Malls and stadiums purchased Knightscope security robots to monitor vacant property.

Manufacturers of high-demand items such as hospital beds and cotton swabs turned to Yaskawa America, an industrial robot supplier, to assist them enhance productivity.

Companies have closed call centers that previously employed human customer service representatives in favor of LivePerson chatbots or the AI platform Watson Assistant.

If you check into a hotel today, an autonomous butler created by robotics startup Savioke may deliver towels and toothbrushes along the corridor. (“There is no need for a tip,” the Savioke robot butler states on its website.)

During the epidemic, hotels utilized robots to welcome guests to their rooms with newly disinfected keys.

A bricklaying robot can lay over 3,000 bricks every eight-hour shift, which is up to ten times faster than a human.

Robots can perform jobs such as planting seeds, harvesting crops, sorting carcasses and breastbones, and packing pallets of food at processing factories.

Is AI the Future of Work?

From weavers to mill workers, humanity has been concerned for millennia that technical advancement will result in an unemployed society. The way the media has portrayed artificial intelligence, particularly in some of our favorite sci-fi films, has fueled fears that AI would one day render humans redundant in the job.

For example, as technology progresses, many tasks that were once performed by human hands have been automated. Artificial intelligence breakthroughs appear to be ushering in the end of employment as we know it, and people are understandably terrified.

However, human workers are unlikely to become obsolete as a result of AI. Robots are unlikely to take over your job anytime soon to alleviate your concerns.

The MIT Task Force recently published a paper titled “Artificial Intelligence And The Future Of Work,” which examined AI breakthroughs and their consequences in the workplace. The paper presents a more upbeat picture of the situation.

Rather than advocating for the annihilation of human work, the study forecasts that Artificial Intelligence will continue to drive significant innovation, resulting in new jobs. AI will fuel many existing businesses and has the potential to create many new ones.

There are still major limitations to AI’s ability to replicate human intelligence’s utility in completing specific activities. A standard limitation of Artificial Intelligence algorithms is that they cannot perform several tasks and can only handle one problem at a time. They are frequently stiff, unable to respond to changes in input or engage in any “thinking” beyond their pre-programmed boundaries.

Another important limitation to be mindful of is that data may be skewed due to the designers’ societal imbalances or hidden biases. If the data used to train the Artificial Intelligence is biased, it will most likely be prejudiced as well.

MIT CCI

According to MIT CCI research, AI is still a long way from matching human intelligence, and it may theoretically replace human employment.

AI can produce more jobs, not fewer, if there is investment in all areas, including training and upskilling workers. Instead of “people or computers,” the question should be “humans and computers” working together in sophisticated systems to advance industry and prosperity.

90% of the world’s most successful corporations have already invested in artificial intelligence.

More than half of the organizations that have utilized AI-driven solutions report higher productivity.

We expect AI to have a substantial influence on the following industries:

1. Finance.

ATMs did not immediately decrease the number of bank tellers. They resulted in more teller positions as cash machines attracted consumers to banks. Banks increased their locations and hired tellers to fulfill tasks that ATMs couldn’t do.

2. Hospitality and Tourism

Humanoid robots in Tokyo’s newest café are another example of how robots simplify life. The Dawn Avatar Robot Café in Nihonbashi, Tokyo, uses robot waiters to serve customers. You may expect people to lose their jobs as a result of these robot servers, but the backstory is wonderful.

Real humans run the robots, including disabled workers who are unable to leave their homes owing to physical limitations, seniors who cannot work long hours, and single parents who require in-home child care support.

Kentaro Yoshifuji, the company’s co-founder and CEO, developed the idea for the remote-controlled robots after being bedridden for three years. The purpose of these robots is to bridge the gap between disabled people and society by giving them with new professional options in which they may easily participate at their own pace.

They are controlled remotely via the internet using eye movements and gestures, and they serve as avatars for the workers that utilize them.

3. Medical

The potential benefits of artificial intelligence in medicine are currently being investigated. The medical business has a vast amount of data that it can utilize to build healthcare-related predictive models. In some diagnostic settings, AI outperforms physicians.

4. Automotive

With the launch of self-driving cars and navigation, we can already witness the impact of artificial intelligence in the automobile industry. Artificial intelligence will have a big impact on production, notably in the automotive industry.

5. Cybersecurity

Many company leaders are concerned about cybersecurity, especially with a predicted increase in cybersecurity incidents in 2020 and 2021. During the epidemic, hackers targeted those who worked from home and used less secure technological equipment and Wi-Fi networks.

In cybersecurity, AI and machine learning will be important technologies for identifying and forecasting threats. AI will be an important tool in financial security because of its ability to evaluate large amounts of data as well as foresee and detect fraud.

6. Job Search

AI can have a huge impact on the job seeking process. An automated applicant tracking system can reject up to 75% of resumes before a person reviews them.

Previously, recruiters had to spend a significant amount of time searching through resumes to discover qualified candidates. LinkedIn data shows that recruiters can spend up to 23 hours evaluating resumes for a single successful job.

On the other hand, AI-powered systems are increasingly scanning resumes. In 2018, 67 percent of hiring managers reported that artificial intelligence (AI) made their jobs easier.

Employers may process your application using artificial intelligence (AI), such as HireVue. As a result, there’s no reason you shouldn’t use similar technology, such as Jobscan, Jobseeker, and Rezi.

AI and machine learning are frequently ranked as the most crucial talents in the job market. Jobs requiring AI or machine learning skills are predicted to grow by 71% over the next five years. To prepare for upcoming changes, consider some fantastic free online course options that focus on AI skills.

Final Note

Using a robot server to serve customers during a pandemic is a wonderful idea for reducing human contact while providing a safe and clean client experience. This would surely increase the number of people able to work from home.

However, success in the AI future will need a methodical approach to workflow integration with machines, process fine-tuning, and personnel reskilling. As a result, businesses will be in a strong position to expand, develop, scale, and thrive.

If you are tech-savvy, it is a good idea to dive in and learn everything you can about working with Artificial Intelligence. If your abilities are in a different business, you should recognize that Artificial Intelligence will have a significant impact and do your best to master the principles of how it work in various fields.

Artificial intelligence will be here to stay. But you should not be afraid. Being sensitive and adaptable to emerging technology, particularly AI, is the best approach to move forward.

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