AI And The Future Of Work
AI and the future of work: By the end of 2021, artificial intelligence is estimated to provide $2.29 trillion in value for businesses throughout the world. In the same timeframe, an estimated 75% of all enterprise applications will take advantage of artificial intelligence and related technologies. About 80% of new technologies introduced now also use AI at its foundation. In one survey, 71% of leaders in organizations reported AI as being a true game-changer in the modern world.
In this post, we take a look at how artificial intelligence will be changing the line of work and businesses in the upcoming years.
Create New Jobs
There is a common complaint that artificial intelligence terminates the need for many jobs. While it is true that AI can do several tasks that employees are currently expected to perform, often at a much faster rate, this technology will be the bringer of new career opportunities in the future.
It is important to consider the fact that for AI to work effectively, at least some human input is still required. When there is no human input, the AI may fail to operate normally – this means new opportunities will arise for individuals who can work with these systems. The opportunities will be related to coding, design, and technical factors of the servers that run the AI technology.
The implementation of AI can help businesses perform certain tasks faster than before. When more can be done in less time, it ultimately leads to a higher profit gain. If a business makes more money, it has an opportunity to expand – opening new branches, which means new jobs will become available.
Also Read: Impact Of Automation In Healthcare.
Another area where AI will play a role is in the training of employees or even customers. Setting up training programs and having to manually respond to queries, or perhaps responding to basic questions, take up a lot of time. The trainer can only handle a small number of individuals at a time due to the amount of time it takes to cater to all.
With the rise of educational AI technologies, it will become significantly easier for trainers to deliver course materials to students in the future. Trainers can develop programs with the help of artificial technology. Chatbots can be developed to provide assistance to students.
Chatbots have become quite advanced recently. They can be deep coded to ensure they can answer almost any question that the student has. Some AI technologies can be coded to automatically mark papers submitted by the trainees – which means the trainer can continue working on the production of great materials for the next course.
Also Read: How Robots Are Taking Our Jobs!
Some people do fear the rise of AI, but this is not always the case. There are several scenarios where AI would rather help to empower employees in a corporate environment.
Several implementations of artificial intelligence help to automate certain functions. The employee was asked to do these tasks manually – and they are tedious, take a lot of time, and often cause the person to work late hours. By implementing AI technology, the employee can complete these tasks in less time. This means they will be able to go home on time – something that will create a sense of motivation in the employee.
The employee also feels more productive when their tasks can be done on time – with no delays to report to the managers. Productivity is a key factor in a business environment. In this scenario, the employee may now be asked to take on additional responsibilities – ultimately affecting their performance at work, ensuring more tasks can be done, and giving the employee a higher sense of importance in the job they do.
Also Read: How do you teach machines to recommend?
How Do We Adapt
One of the greatest challenges currently faced with the implementation of artificial intelligence is for businesses to adapt to the changes. While most companies are already using some form of AI, there are still about 20% not taking advantage of what artificial intelligence can offer.
The first step is to learn what AI can bring to a business. Corporate leaders need to analyze the advantages of artificial intelligence but also consider how it can be used in their industry and niche.
The next step is to determine how and where to implement AI. There are many tasks that can be handled with artificial intelligence. The leaders need to realize that AI can reduce the current workload on staff – giving the employees more time to focus on other tasks. This essentially leads to a boost in business growth – an aim that any corporate leader has in mind.
Adapting to AI should happen gradually and with the appropriate training. This would ensure there is no confusion among managers, leaders, and employees once AI is implemented.
Also Read: The Impact of AI on Workspaces.
Conclusion: AI And The Future Of Work
Artificial intelligence has already made its way into more than half of modern enterprise apps. The technology continues to grow and is now considered smarter than ever before. In the upcoming years, we will see more implementations of AI in the corporate environment, creating additional job opportunities, helping with training, and ensuring workers can be empowered.