Digital transformation has become the new normal in every industry. The rate of technological progress accelerates year after year, bringing disruptive innovations and game-changing technologies such as virtual reality, VR, AR, artificial intelligence, AI, machine learning, and robots.
These changes are not just about using new tools to improve current services. They are about transforming businesses to make them better and more cost-effective in a new digital world.
Let’s look at how AI and robots are changing the world of work today and in the future.
What is Artificial Intelligence?
Artificial intelligence is a term that has been around since the 1950s. It is the concept of machines that can perform human tasks and complete them more efficiently than humans can. In other words, artificial intelligence is the idea of machines that act as if they are sentient.
They are able to analyze data, solve problems, and make decisions in a way that is indistinguishable from how humans would approach the same problem.
AI depends on machine learning, which is a subfield of computer science that uses algorithms to discover patterns in data and then build models based on those patterns. Machine learning is responsible for most of the AI technologies that we see in the world today.
Why Are Robots Becoming So Popular?
Artificial intelligence is boosting the use of robots worldwide, especially in manufacturing and logistics. For instance, an autonomous robot could be used to deliver your order in a warehouse, in a restaurant, or even at home. If you’re in manufacturing, you probably already use robots.
But if you have production lines that are highly automated, you may have already incorporated some AI technology into them. In many industries, robots are being used in place of human workers. It’s not because employers are heartless or intend to make people redundant but because AI and robots are simply more efficient.
Consider these examples: Retail: In a typical store, the flow of goods from different areas of the warehouse to the sales floor is a manual process. This includes the selection of products, packaging, and placement. If a store wants to try out new products or change the way things are displayed, it’s often a long, costly process. With AI and robots, the process could be automated, streamlined, and much more efficient.
Healthcare: This sector is responsible for a significant portion of the world’s medical expenses. AI and robots can improve patient outcomes and reduce costs. They can perform medical procedures that were once only done by humans.
Will AI and Robots Make You Unemployed?
Artificial intelligence and robots are being developed to work in combination with humans, not replace them. So we won’t see a time when these technologies rule the world and humans have no place in it.
The reality is that AI and robots are more likely to create jobs than reduce employment. They are going to be used to perform tedious tasks like data entry and predictable physical tasks like lifting and moving objects in a factory.
There is a risk that AI could make people more redundant. However, the number of jobs created by AI will exceed the number that is lost. With the number of AI startups growing, it’s likely that we’ll see some of these companies go global and employ many people.
The Existing Jobs That May Disappear Due to AI and Robots
Some jobs that may disappear due to AI and robots include:
Data Entry: American data entry workers are often paid less than $15 an hour. That’s less than the minimum wage in some states. As AI becomes more advanced and capable, it’s likely that your company will switch to automated processes. This could mean no more duplicate data entry or human transcription.
Translation and Language Interpretation: The translation of text, speech, and languages is a $100 billion market. This could be transformed by AI and end human translation.
Trucking: Self-driving vehicles are expected to be on our roads in the next five to 10 years. They will change the way we gain freight, move goods, and transport passengers. It’s likely that many truck drivers will lose their jobs.
Service Call Jobs: Customers have been able to get immediate service via apps and chatbots. This has led to a reduction in service call jobs in many industries, including retail, travel, and telecommunications.
The New Jobs That Will be Created by AI and Robots
According to the World Economic Forum, the jobs that will be created by AI and robots include:
Data scientists: Data scientists are needed to analyze the data collected by robots. – Ethical and social engineers: They need to create algorithms that make AI and robots work for society in a socially appropriate way.
Cybersecurity experts: AI and robots need to be protected against hacking. These experts will work to secure them against cyber threats.
Designers: Designers will be needed to create AI-powered products that are intuitive and easy to use.
Policymakers: Policymakers will be responsible for ensuring that AI and robots are used in a socially responsible way.
Artificial intelligence and robots are transforming the way we work. They are being developed to work in combination with humans, not replace them. AI will create new jobs as well as eliminate others.
There is a risk that AI could make people more redundant. However, the number of jobs created by AI will exceed the number that is lost.
As technology continues to advance and become more complex, it’s important to keep in mind that it can be a great resource for improving productivity and efficiency—but only if it’s managed properly.