We’ve all heard about A.I. (artificial intelligence) and how it’s on the rise.
With parallels made to how computers revolutionized the way we do work, A.I. and machine learning are headed in the same direction – optimizing many tasks carried out at work by way of its powerful technology and algorithms.
While in the near term we’ll see the creation, training, and implementation of A.I. leading to a lot more jobs, the overall need for a human workforce is going to decrease as A.I. replaces some of the roles that exist today.
When we hear about the detriments of using A.I. in businesses today, the pushback also feels eerily similar to when computers entered mainstream consumption. However, as we’ve seen with computers, the benefits far outweigh the cons and not integrating them into can have your business one step behind others.
How will A.I. and machine learning affect the workplace?
The rise of A.I. will see job loss, making middle management obsolete. There will be less need for assistants and secretaries, as artificial intelligence can automatically perform most of their responsibilities.
What Jobs Will See Disruption?
Automation could replace 45% of tasks people are paid to do, and a forecast of 60% of all occupations could see 30% of their tasks automated. Marketing automation will take over the marketing sector, seeing a decrease in marketing jobs – we’re already witnessing this through instances such as programmatic advertising.
A Decline Of HR Jobs Required:
As there will be less human workers, there will be less HR staff needed. The aspects of HR that are still relevant will be done by A.I. New companies are opting for A.I.s to run algorithms to sort through big data and select their employees based on resumes. The performance and productivity of workers will be rated by machines, based on a system of markers.
The Antiquated Real Estate Market Will See Big Changes:
The real estate industry is projected to see big changes. With many tasks becoming automated, there is concern over the safety of the human’s role as a realtor. Most papers are signed online these days, a procedure that will soon be standard practice. Virtual reality house tours are available and are becoming more popular. With aspects of a realtor’s job being taken care of by A.I., there may be no need for a realtor at all in the future when it comes to the selling process.
Augmented reality apps for homes are also making a difference to real estate. Increasing in numbers and sophistication, these apps allow the homeowner to visualize changes to their home before making them, lowering the need for interior designers, decorators, and salespeople.
What Does This Mean For The Workforce?
While the rise of A.I. means certain aspects of jobs are no longer needed, it doesn’t necessarily mean the whole role becomes obsolete. Only 11.2% of CEO’s believe A.I. and automation will make jobs obsolete, while 47.2% believe it will affect certain tasks within a role.
Jobs which require creativity will still be needed, and new roles will be created as the need for them arises. Chief Ethics Officers are greatly needed in this age of A.I., as ethical recommendations on whether certain technologies should be entered into the market are of high concern.
While there are many changes and adjustments to be made in a time where A.I., machine learning, and big data dominates, we are still able to create new jobs and evolve with the transformations of current roles.
With careful up-skilling and ethical policies in place, we can minimize the impact on job loss and greatly leverage A.I to help improve various industries, the way business is done, and overall improve our economy.