Published on July 3rd, 2019 | by Emergent Enterprise0
Five Predictions: The Impacts Of AI And Automation On The Future Of Work
Recently yet another article trended on Linkedin about massive job losses due to technology and specifically AI. Parna Sarkar-Basu writes at Forbes that we can anticipate just the opposite. New jobs will be created because of technology – different and better jobs. It will take reskillling for some but in many cases tasks and processes that are tedious and mundane will be left behind.
When we think about how robotics and artificial intelligence (AI) will impact our lives, there is both wonderment and fear. The wonder is tied to the spectacle of seeing robots move, grasp and carry out tasks with speed and efficiency. The fear is that robots will take over our jobs.
Being in the tech industry, I don’t believe robots will replace all jobs. They will reshape the type of work humans will concentrate on, but the fear that robots or AI will edge out humans for most jobs is unfounded.
Consulting firm PwC studied the impact of robotics and AI on a global scale and found that vulnerabilities do exist for job loss due to automation and robotics, especially over the longer term as smart technologies like driverless cars mature. However, through the early 2020s, only about 3% of jobs have the potential to be displaced. PwC also predicts that robotics, AI and smart automation have the potential to contribute more than $15 trillion towards the global gross domestic product by 2030, generating demand for more jobs.
Secondly, AI is more than a machine-like robotic arm or the humanoid robots we see in movies like I, Robot. AI-based software applications can automate business processes, such as creating routine purchase orders in business software to help the human resources team better process resumes.
Where does this leave us? It’s clear that technology is changing the nature of work. However, robots won’t take over most jobs — and they will likely create new ones. We’ll still need technologists to develop, deploy and maintain smart automation to help boost the economy with innovations and efficiencies. It’s also certain that society will have to adapt to the future of work.
We may not know exactly which jobs will change and when, but here are my five predictions for the future:
1. Overall, robots can’t replace humans.
Technologists and engineers will be needed to develop and maintain AI-based systems and smart automation. Take a look at the number of tech jobs that are open in today’s market. Other professionals such as teachers, caregivers and creatives will still have jobs. However, they’ll need to “retool” themselves and adjust to a tech-friendly environment.
The bigger upside for the human workforce is that, by automating the more mundane, repetitive or back-breaking tasks, more jobs can focus on higher-level skills that involve innovation, creativity, empathy, complex decision processes or teamwork.