The Influence of Artificial Intelligence on Jobs in 2020

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Artificial Intelligence

The influence of Artificial Intelligence (AI) on jobs is on the radar. According to Forrester.com, “16% of US jobs may be replaced by technologies like machine learning, AI, robots, and automation by 2025.”

In Seattle, Amazon opened up a department store in the basement of its headquarters. Here, the buyers just visit the store, scan their phones, pick up what they want, and leave. Without any human cashiers and checkout counters, Amazon Go has given the world a new dimension to explore.

 

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Just walk out” is the new trend of shopping set by Amazon Go in which machines sense the customer’s identity in just a few seconds and know what they are picking up. After they have left the store, the receipt of what all they have purchased pops up on their phone.

The cashier is the second-most popular job in the United States of America and with this invention, it has removed the hindrance of the human cashier with queue problems at the store. The World Economic Forum states how technology is taking a toll on jobs globally in different industrial sectors.

 

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  • AI skills lie under the fastest-growing skills on LinkedIn, which saw a shooting increase of 190% from the year 2015 to 2017.

  • 71% of executes state Artificial Intelligence and Machine Learning are game-changers.

  • 10% of jobs can be lost to automation in the U.S.

  • 78% of brands have already or are planning to incorporate AI into their operational system by 2020.

  • Robots could replace 800 million jobs by 2030.

To bridge this competitive line between skills and jobs, fintech courses have become popular amongst the aspiring data scientists. According to Bruegel.org, “54% of EU jobs are at risk of computerization.”

Is Artificial Intelligence affecting only one industry?

AI plays a major role in every sector of various industries globally. It has no individual standing in evolving one particular niche. A lot of reports have cited that AI can be seen in every sector and aspect of every industry. From consultants to education, AI is everywhere. This means, AI skills no longer are just a part of the software sector. Its horizon has risen beyond that. Data science course in Delhi can aid students in pioneering their careers in this field. Upscaling your skill is paramount for a brighter future because according to pewresearch.com, “48% of experts say digital agents and robots will displace both white and blue-collar employees.”

Humans and Machines have A Universal Connection

Artificial Intelligence is an omnipresent technology across the globe. Even with the advancement in technology, human-centric jobs are not going anywhere. Fields like Consultation, Human Resource, Management, Designing, etc., still need cognitive understanding for efficient functioning. This means the world shall be experiencing the amalgamation of AI skills and Human Behavior in almost every field. Cognitive thinking is one such skill that cannot be automated. However, the world is all set up to invest billions in AI technology as forbes.com states, “79% of executives say AI will make work easier and more efficient.”

The Final Take Away:

Every evaluation in the past, done for any industry, states the importance of integrating AI technology into their systems. With this change in technology, education also needs to change. As Jack Ma stated, “Education is a big challenge now. Only by changing education can our children compete with machines.” Be ready for a smarter future.

 

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