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How will Artificial Intelligence affect the future of work?

Technology drives our world today, which offers both opportunities and challenges There is a growing concern regarding the way artificial intelligence and automation are changing the way we work, and it is likely that several job roles will disappear as a result. It is a topic of much discussion and debate on how artificial intelligence will impact the future of work.

Those of you wondering what artificial intelligence is deserve a quick review. Here it is :

What is Artificial Intelligence?

Artificial Intelligence involves creating machines capable of performing human-like tasks.  AI-powered personal assistants, such as Siri, Google Assistant, and Amazon Alexa, are the most common examples of artificial intelligence in our daily lives.

What is the future of work in the age of artificial intelligence? Several industries are at risk of disruption due to the rapid rise of accessible artificial intelligence tools in recent years. It is predicted that 85 million jobs will be lost to AI worldwide by 2025 according to the World Economic Forum’s “The Future of Jobs Report 2020“.

What’s the difference between Artificial Intelligence and Automation?

AI (Artificial Intelligence) and automation may seem similar, but they have distinct differences in their capabilities and functions.

Artificial intelligence refers to computer systems that are capable of performing tasks that humans normally carry out. They use data to learn from patterns, recognize trends, and make decisions. Natural language processing, image recognition, and problem-solving are just a few of the tasks that AI can handle. A learning algorithm is designed to mimic human intelligence and adapt to new situations without being explicitly programmed.

On the other hand, automation involves using technology to perform specific tasks without human intervention. It is a process of setting up systems or software to carry out repetitive tasks efficiently and accurately. By automating workflows, errors are reduced, and productivity is increased. However, unlike AI, automation does not possess the ability to learn or adapt on its own.

How will AI affect the future of work?

AI is not just the future; it is already the present. We already use it in our everyday lives and at work. But how will it affect the future of work? The future work environment will be impacted both positively and negatively by artificial intelligence.

Will artificial intelligence replace our jobs in the future? The technology helps automate some functions of many jobs, but not all – just the more routine ones, like payroll or document extraction.

The process still requires human oversight and intervention in case things go wrong. So AI will complement humans rather than replace them, making our work more effective and satisfying. For example, it is still up to physicians and nurses to treat patients, even if AI can help make medical diagnoses.

Artificial intelligence is not probably going to affect those careers which need creative and emotional intelligence, one attribute of humans that artificial intelligence cannot replace.

What jobs will be automated in the future?

Artificial intelligence is perhaps most feared for causing job loss and, consequently, unemployment. While it’s challenging to predict with certainty, some jobs that are repetitive, routine-based, or involve manual tasks are more susceptible to automation. Customer service, data entry, marketing research, and proofreading are likely to be affected by automation.

To conclude

The day when computers possess complete, human-level artificial intelligence is hopefully many decades away, even though AI is advancing rapidly. AI and its impact on jobs can’t be predicted fully but it is likely to make many of today’s jobs obsolete and create new ones at the same time. This means thriving in the future job market will depend on developing skills in demand.

Positively, if you want to get into AI or robotics, there’s plenty of work available. Taking courses related to Artificial Intelligence is a good idea if you want to be prepared for the future.

If you are interested in pursuing an MBA with an emphasis on Artificial Intelligence and Blockchain, check out our MBA in Artificial Intelligence and Blockchain program.

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