With every passing day, technology is adding a new beginning to the revolutionization of humanity; in this fast-paced world, technology has helped perform tasks with higher efficiency and faster rate; in earlier days when technology was not very prominent, industries required immense labor to perform these tasks. They need to perform complex tasks, and the lack of skilled labor to perform these tasks led to the development of the modern-day automation system, which has helped perform those tasks faster and effectively.
Automated systems are built using artificial intelligence and machine learning technologies. But Both blue-collar and white-collar sectors will be affected. affected. If we see the example of the entertainment industry just for now we can see that geo-restricted channels can bring in discrimination but here technology has made it possible for viewers to access any channels that they want even if they are geo-restricted from their region and the biggest example of the same is Disney+.
The quicker the division of labor and the single working or process steps can be described in detail. Intelligent algorithms can replace the sooner employees. One-third of current job employments requiring a bachelor’s degree can be performed by machines or intelligent software in the future. Individual assignments will disappear completely, and new types of jobs will come into being. It must be noted down in this regard, however, that no jobs will be lost abruptly. Instead, Artificial intelligence will take place, which has already commenced and differs from industry to industry and from company to company.
Areas that will be impacted
Transport is already in a transformation mode that fully automated cars are being used. They are more intact, more efficient, and more effective, and personal drivers of taxis, trucks, and more will see their demand for their skill set dropping expeditiously.
- Electronic Commerce
Electronic commerce will also be undergoing a significant transformation; The use of artificial intelligence in online shopping is mutating the E-commerce industry by anticipating shopping patterns based on the products that patrons buy and when they purchase them. For example, suppose online consumers frequently buy a particular brand every week. In that case, the online wholesaler could send a personalized offer to these shoppers for this product or even use a machine learning-enabled recommendation for a supplementary product that goes well with rice dishes.
3. Financial and Insurance Service provider
Financial Services, Insurance, and many other sectors where requiring a significant amount of data processing and content handling will also benefit from Artificial intelligence. Of course, in states, governance, and social mechanisms, AI can have a significant role in eliminating bureaucracy and improving the services to peoples and the design and performance of the social programs. Though, security is one of the areas that is to be taken into considerations.
How AI is Replacing Human Workers
As individuals, it is our personality to make mistakes. On the other hand, artificial intelligence is not inclined to human errors. They will receive a set of information and execute them accordingly, as indicated in the code. This is exceptionally important for jobs like data entry, where a categorizing error could result in turmoil. AI will take over jobs that desire to copy, pasting, transcribing, and typing. At the very least, a new AI assistant might be checking your work.
- AI Doesn’t Get Tired.
For occurrence, staying up all night collides your work performance the next day. According to some sources, a lack of sleep is enough to cause a lack of focus, decreased reaction times, irritability and errors. On the other hand, AI never needs to sleep. No matter what, their working ability is the same. Similarly, repeating the same act and doing the same thing every day gets dull for a human. That’s what machines were made for.
- Can Perform Dangerous Tasks
Jobs like mining, factory, and machine assembly all expose workers to certain dangers. Whether it’s deadly fumes, falling objects, or extremely high temperatures at work, there will always be conditions and situations where people can be seriously injured or killed. We can use AI to make processes more efficient and keep human workers out of vandalism. Convenience to leverage AI and machine learning in manufacturing includes product development, logistics optimization, predictive maintenance, and, of course, robotics.
- AI Is Cheaper in The Long Run
While the REAL cost of building and training an AI machine is high, the overall price of operation is much lower than compensating a human to do the same job, according to the APA. Running a machine takes electricity and occasional maintenance. To hire a human for a job requires resources and assets to find and train them, and not to mention the yearly salary and benefits that must be paid out.
And that’s all for today; I know that we will witness specific roles and jobs becoming less and less relevant and finally obsolete in the long run. But, in most cases, Artificial Intelligence will have a supportive role to humans, and it is empowering the human factor to perform better in handling complex and critical situations that require judgment and creative thinking.