Artificial Intelligence ( also known as Machine Learning) as we know it is everywhere, from our mobile devices to computer software, changing the way live and do business on a daily basis.So is Artificial Intelligence Threatening Your Job?
What Is Artificial Intelligence?
Founded as an academic discipline in 1956, leaders of AI research Allen Newell (CMU), Marvin Minsky (MIT), Herbert Simon (CMU), Arthur Samuel (IBM) and John McCarthy (MIT).
Together with their students produced programs that allowed computers to learn Checkers strategies and by 1959 was said to be playing better than the average humans.
In the late 1990’s and early 21st century, companies started using AI in departments such as Logistics, Data Mining, Medical Diagnosis and other areas.
Early researchers developed algorithms that would imitate human behavior like solving puzzles, making logical decisions and even step-by-step reasoning.
Sounding like a movie, Artificial Intelligence has been displayed in a variety of futuristic movies such as Star Wars, I Robot, The Terminator etc.
How AI May Affect Your Job
Given the facts that Robots are more efficient than humans are more efficient in productivity. Jobs falling under the manufacturing industry are at a much higher risk.
According to a data report representing the analysis of Industrial Robots across 14 industries in 17 countries, between 1993 and 2007 finds that the use of robotics within manufacturing raised the annual growth of labor productivity and GDP by 0.36 and 0.37 percentage points.
Representing a total of 10% GDP growth in the countries studied and 16% percent labor productivity growth over that time period.
A recent report from Forrester predicts that by 2021, intelligent agents will have eliminated at least 6% of net jobs. Now that’s a huge number of jobs that will be lost.
Studies from Redwood Software and Sapio Research released on the 4th of October 2017 that IT leaders believe automation could impact 60% of businesses by 2022 .
However on the other hand, research firm Gartner predicts that AI may actually create more jobs than it may eliminate.
By 2020 Artificial Intelligence will create 2.3 million jobs exceeding the 1.8 million jobs it will take, the company said in a report.
The number of jobs that will be affected will vary from industry to industry, the public sector, education and healthcare are expected to gain the most jobs, while manufacturing and transportation may be hit the hardest, said Gartners research director, Munjanath Bhat.
Meanwhile Tesla CEO Elon Musk and others disagree. Musk said the global race to lead the development of Artificial Intelligence could lead to world war 3 and cautioned that humans must merge with machines in order to avert becoming irrelevant as AI becomes widespread.
Another technology luminary, Kai-Fu-Lee founder of venture capital firm Sinovation Capital said robots are likely to replace 50% of all jobs in the next decade.
Gartner acknowledged in its report that AI will eliminate millions of middle and low-level positions. but emphasizes that more new jobs will also be created, including highly-skilled management positions and even entry-level to low-skilled jobs.
Jobs At Risk
According to Oxford University the following jobs are likely to be replaced by technology
- Data Entry Keyers
- Library Technicians
- New Accountans Clerk
- Photographic Process Workers and Processing Machine Operators
- Tax Preparers
- Cargo and Freight Agents
- Watch Repairers
- Insurance Underwriters
- Mathematical Technicians
- Sewers, Hand
- Title Examiners, Abstractors and Searchers
Jobs That Are Safe
- Recreational Therapist
- First-Line Supervisors Of Mechanics, Installers and Repairers
- Emergency Management Directors
- Mental Health and Substance Abuse Social Workers
- Occupational Therapists
- Orthotists and Prosthetists
- Healthcare Social Workers
Countries To Be Affected By AI
- United States