- The World Economic Forum estimates that 85 million jobs will be replaced by artificial intelligence machines by 2025.
- Despite the misconception that automation and artificial intelligence diminish job opportunities, it can actually lead to a huge increase in new positions.
- The question is no longer whether AI will change the workplace; that’s how companies can successfully use it in ways that enable – not replace – the human workforce.
Artificial intelligence technologies have reduced repetitive work and improved work efficiency, and as a result, almost all industries in the world plan to utilize AI or have already implemented it in their business.
Despite the misconception that automation and artificial intelligence diminish job opportunities, it can actually lead to a huge increase in new positions. According to World Economic Forum Report on the future of jobs, 85 million jobs will be replaced by machines with artificial intelligence by the year 2025.
While those statistics may make you uneasy, the same report says 97 million new jobs will be created in 2025 because of AI.
The question is no longer whether AI will change the workplace; that’s how companies can successfully use it in ways that enable – not replace – the human workforce. AI will help make people faster, more efficient and more productive.
What jobs will AI actually replace?
It is true that AI will threaten some unskilled jobs through automation, but it will potentially also create different kinds of jobs that require new skills that will be developed through training.
AI can be used in manufacturing to make processes more efficient while keeping human workers out of harm’s way. Opportunities to leverage artificial intelligence and machine learning in manufacturing include product development, logistics optimization, predictable maintenance and robotics.
In all likelihood, AI will take over jobs that require copying, pasting, transcribing, and typing.
In areas such as medical diagnosis, speech translation and accounting, AI has surpassed humans in every way.
But AI will not be able to replace human judgment. AI is just the latest manifestation of ongoing workplace development.
Finding the things worth learning the AI will still always be a job in the hands of humans.
While this may not be true forever, AI is not capable of developing complex strategies or thinking critically through complicated scenarios. There is a certain element of human intuition that is critical, and many people will turn to AI to help them think through problems – but in the end, people will make the decision.
What jobs will AI create?
AI has accelerated the demand for positions such as machine learning engineers, robotics engineers and computer scientists over the last five years.
A number of positions is already under development around AI, such as AI trainers, individuals to support computer science, and capabilities related to modeling, computational intelligence, machine learning, mathematics, psychology, linguistics, and neuroscience.
PwC estimated to the healthcare industry will benefit most from the use of artificial intelligence, where job opportunities can increase by almost 1 million. In the near future, the demand for AI-assisted healthcare technician jobs will see an upward increase.
AI already plays a big role in automated transport sector. Companies like Uber and Google are investing millions of dollars in AI-powered self-driving cars and trucks. As this mode of transportation increases in the future, it will create plenty of vacancies for AI and machine learning engineers.
As AI is implemented in all industries, the demand is for one AI maintenance workforce going to shoot in the air. Businesses would need large amounts of AI developers and engineers to maintain their systems.
AI will help companies scale up. If AI and machine learning algorithms can competently use large amounts of big data, it will help companies perform better. It will also increase the employee retention rate and help gain new customers, which will create new job opportunities as companies begin to scale up and grow.
People will have to upgrade their skills
According to Mohit Josh from Bengaluru, India-based Infosys, there are not enough qualified staff available to fill all the AI related roles.
“Currently, there is a widespread lack of talent who possess the knowledge and skills to properly build, burn and maintain these technologies in their organizations. The lack of well-trained professionals who can build and direct a company’s AI and digital transformation journeys significantly hampers progress. and continues to be a major obstacle for businesses. ” he said.
Businesses should enforce on-the-job training and retraining. With the right staff running AI, employees are able to focus on other critical activities and increase productivity.
In order to prepare workers for the millions of new jobs that artificial intelligence will inevitably create, organizations will need to make significant resources available to upskill their workforces.
In addition to this, employees will have to take personal responsibility for their career development in a world of rapid technological change.
Sean Chou, CEO of Chicago-based automation technology firm Catalytic, is a strong advocate for upskilling as a way to support both his organization and his employees in adapting to AI-enhanced ways of working.
“AI means less employee time spent searching for and manually formatting data, giving them more time for analysis and decision making. This time saving also means workers have more time for upskilling. It is a win-win as employees become more valuable for themselves and the company, while increasing employee morale and retention, ” said Chou.