Looking at the labor shift and capacity effects of AI on employment, the middle-level jobs that need conventional manual and mental skills are the ones that are most at risk. In the long run, initial labor shift effects of jobs with assign manual or mental skills, as in previous industrial revolutions, will be atoned for by the growth in non-routine jobs at the low and high end of the economy. Advances in Robotics and Artificial Intelligence will change our world. The current debate centers not on whether this development will take place but on how, when, and where the impact of robots and AI will hit hardest.
Jobs At Risk?
Artificial Intelligence, deep learning, machine learning, robotics, and automation are no longer future technologies, they’ve already found grip in the industry. In the new wave of AI, challenges and opportunities exist at the same time. On the positive node, AI could increase decision making, automation, intelligent analysis also can create new business industries and models. But AI also carries a set of risks. According to research conducted in Oxford, about 40% of jobs are vulnerable to AI over the coming decades. Some quarrel that AI will create as many new job opportunities as those lost to robots, and that we shouldn’t concern too much. But I believe that those new jobs will be potent in certain parts of the developed world and that the developing world will miss out.
In the long run we will witness some jobs and roles becoming less and less important, and finally obsolete. But, in most of the scenario, Artificial Intelligence will have a supportive role to humans - entitle the human factor to function better in conducting critical and complex situations which require creative thinking and judgment. One particular example is contract analysis. Contract analysis transforms complex data into easily understood, valuable insights which have the potential to help business owners and managers align their business to the right path. Apart from this, there would be plentiful new specialties and roles with a focus on technology and automation. For example, there will be needs for skilled professionals to command or guide or coordinate the training of complex AI and automated systems; to ensure their security, integrity and proper use.
No Substitute for the Human Touch
While automation and AI technologies can help to collect more information about their customers, while reducing the amount of time spent on multiple tasks, still they can never replace the human touch. It’s also true that as more definite technology available and implemented, the more humans need to update their expertise and skills. However, entirely automating and relying fully on AI and robotic solution, without a skilled human behind it, just won’t work.
Although the arrival of the AI and automated age creates a combat between machines and humans and replacing tasks or jobs, it also forge hope for new talents who can create, apply and optimize automated and AI technologies. AI and automation will be bigger than mechanization, bigger than electricity, bigger than anything that has come before it. Artificial intelligence and automation might bring expertise for daily tasks, but it will also be the major issue for the unemployment worldwide in the future.