This article was originally published on AIQOM’s official blog page.
In the book, “The Artificial Intelligence Citizen,” Samer Obeidat explains that applications of AI are geared towards improving the overall quality of life of humans. This means more time-saving measures and more efficient operations from task automation.
Most pressing for business leaders is what impact, if any, AI will have on their business activities.
Applications of AI are geared towards improving the overall quality of life of humans. This means more time-saving measures and more efficient operations from task automation. However, the automation of tasks will also cause considerable changes across business sectors.
For example, in the transportation industry, with the improvements in vehicles' ability to navigate road networks, human drivers are set to suffer job losses. AI is not only disrupting the boring and risky blue-collar jobs, but also white-collar job professions.
Doctors, lawyers, teachers, investment managers, will be soon replaced or augmented with narrow AI systems.
As conversational AI agents, digital humans and other related technologies continue to improve and offer dynamic interactions with humans, many professionals maysoon find jobs difficult to come by.
The previous industrial revolutions help provide context as we know that while job losses resulted from automation, many more jobs were created. Accordingly, the best way to look at it is to view the changes that will happen in the job market it as a transition rather than elimination.
It is unlikely that AI will take over entire industries or even occupations. However, there are aspects of an occupation that may be automated. Data from McKinsey states that 60% of current jobs have up to 30% of their tasks automatable. Overall, the expectation is that 1/3 of the current jobs will be displaced by AI over the next couple of years.
The World Economic Forum projects that even though 75 million jobs will be displaced, an estimated 133 million new jobs will also be created.
It is estimated that there is already a shortage of at least 500,000 AI and data scientists.
Companies will need to upskill their teams to better interact with the adopted AI solutions; and to keep track of changes within their industries to be prepared to take advantage of the new AI-driven solutions being created.
The result of automation will be job losses in professions where most tasks are automated. Some of the people whose jobs are under the most threat include:
2. Book-keeping clerks
6. Financial analysts
7. Investment managers
8. Customer service assistants
9. Manual laborers
10. Retail salespeople
12. Market research analysts
13. Computer support specialists
15. Benefits managers
17. Construction workers
18. Security guards
21. Data entry clerks
Some professions are more likely than others to survive the automation of tasks that AI is set to cause. Some of those include:
1. Creative jobs (e.g., novelists, poets)
2. Strategy jobs (e.g., diplomats)
3. Empathetic jobs (e.g., teachers, care givers)
4. “Unknown jobs” (e.g., new jobs that will be created by AI)
In the ever-evolving world of work, these jobs are set to be the most in-demand:
1. AI Business developers
2. Machine learning developers
3. Data scientist
4. Data engineers
5. Machine learning engineers
6. Virtual reality architects
7. CGI engineers
8. Data brokers
9. AI human collaboration specialists
10. Registered nurses and care givers
11. Software engineers
12. General and operations managers
13. Financial managers
14. Management analysts
15. Physicians and surgeons
16. AI Marketing specialists
17. Computer and information systems managers
18. Elementary school teachers
19. Post-secondary health specialities teachers
20. Physical therapists