Automation, Artificial Intelligence and the Future of Work

Automation, Artificial Intelligence and the Future of Work

Artificial Intelligence has hooked an entire generation. How machines can replicate the human brain and perform with increased accuracy has been a topic of debate for quite some time. Many believe that AI and automation will eventually lead to the rise of robots with all the jobs taken away from humans. Accounting assignment help, While this may sound too dystopian, rest assured such situations will only arise in science fiction movies.

In reality, AI, automation lays the groundwork for an advanced society. With the help of AI and robotics, humans can dream of reaching the levels in healthcare, manufacturing, transportation, etc. that we only dreamt off till date.

Here are 5 ways AI can change the way we see work today –

AI and automation can create more business opportunities

Automation is not a new concept to us. However, to which extent we can automate is redefined by the introduction of AI. Artificial intelligence is continuously pushing the boundaries of what we can achieve. It is helping us to find more value in existing businesses. It is creating more job opportunities for both blue and white collared employees.

With the help of AI, business houses are fast-forwarding their production process than before. They are also using software to analyse customer patterns, and make customised product recommendations. With an automated system at the helm, business managers can easily identify fraudulent transactions, and any anomalies in the production process. As the businesses are generating more profit, AI is indirectly contributing to economic growth and solidifying the economic foundations of the society. Read Also – What are the long-term effects of ADHD medication the brain?

Dynamic progression in technology

Robots and automated industrial tools were introduced decades ago. Humans have made AI much more complex and advanced that goes beyond mechanical carriers and conveyor belts. The next generation of technological advancement has introduced AI-based systems that can make decisions itself. For example, AI is getting integrated into many cars like Tesla, and Volvo. In many new departmental stores, you can find automated checkout options. Read this – How To Use Undated Planner To Make A Perfect Plan

All this has been made possible by AI integration in sensors, software, and mechanics. Especially, in the last decade, artificial intelligence has taken huge strides. The algorithms in machine learning have become increasingly complex, and sophisticated. The last decade has seen humans create techs like natural language processing system, computer vision, etc. These tech progressions helped us generate more insights about an object, and make better decisions.

Helps to solve critical societal challenges

AI is used in diverse spectrums. From medical research, to climate and material science, we can find AI solving several challenges. Many of these challenges even seemed far-fetched before. However, relentless improvement of the artificial intelligence is helping us to do the impossible. For example, the scientists at the George Washington University have developed their machine learning tool to an extent where they can accurately predict the climates. Read this – The Ultimate Guide to Selecting the Ideal Ecommerce Platform

Jobs lost and gained

When automation was introduced in the tech sector, every one saw the writing that it will bring the end to many professions and job profiles. Many jobs which include doing redundant tasks face the most threat of getting abolished within 2030. Experts believe that the world can see almost 15% of the global workforce losing job within that time. Automation can take care of the monotonous tasks, and do them much faster than any humans. This will lead companies to terminate those employees to cut their costs. With approximately 400 million workers under the threat of losing jobs, the concern looms about how it can be a good thing for the economy.

But, it must be considered that in the same time, it will also lead to the demand for other jobs. While the demand for manual labour will decrease, it will be replaced by intellectual labour. This will lead to a rise in the salaries. They will make smarter investments, spend on better healthcare, and work towards the betterment of their life. The rise of more tech companies is also expected within the same time. This can potentially generate about 500 million to 700 million jobs by 2030, thus offsetting the job loss. Read this – App development for startups: build a successful business

Change in employee skills

However, the workers will imbue themselves with different skills. The changing scenario in the workplaces means they won’t be limited to doing the tasks themselves. Nursing assignment help,They will get trained with more soft skills, and technical expertise, to operate the machines which will perform the tasks. Evolving education system and more investment in the human capital will eventually allow the next generation of workers to adapt and thrive in a changing environment. Read this – The Benefits of Ordering PCB Boards From The USA

Summing Up:

Even as we start getting ourselves familiar with the rapidly changing technology, and the benefits from it, we cannot let our guard down. Artificial intelligence is nothing but a set of codes written by humans. Humans are prone to error and mistakes in codes can lead to severe malfunctions and productivity loss. So, as much as we should embrace artificial intelligence, and automation, we should keep adequate safety measures to mitigate any threats. Moreover, every innovation comes with its respective pros and cons. While the automated systems can propel humanity to greater heights, it can be a weapon to execute malicious activities. Breach of data and privacy is already a big threat, and with better systems, such perils may shoot up. But that should never stop us in our quest for betterment. Improvement can be enjoyed only after overcoming challenges. So, we need to harness the full potential of the technologies to trump over the negatives.

Author bio:

Alley John is a tech expert with 12 years of work experience. He is also a reputed columnist for a tech magazine. He freelances for as an assignment writer in his spare time.

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