From Alexa and Siri to generative models like Google Bard and ChatGPT, we have come a long way in terms of AI advancements. According to a report by The World Economic Forum, AI will replace 85 million jobs by 2025, considering the pace at which intelligent AI tools are taking over the market. Given that, we all are worried about the impact of AI on jobs. By the statement ‘impact of AI on jobs,’ everyone means ‘negative impact of AI’.
And to acknowledge the fact that you’re reading this article, I can presume you are worried about the same. To ease your worry a bit, according to the May 2023 CfM-CEPR survey, AI is less likely to affect employment in any form.
See, the role of AI is to replace manual and mundane tasks with automation. We can’t stop that, and we shouldn’t. It will definitely replace some jobs, but the good news is that – AI will also create opportunities like never before. For example – We see how AI tools have sky-rocketed the SaaS industry.
The Current State of AI
“People keep saying that AI is coming, but little do they know that it’s already here.”, said Mihir Shukla. Mihir is a tech entrepreneur, and he stated this comment at World Economic Forum this year.
We all know how we have started using tools like ChatGPT and Bard for our everyday tasks. Like research, content creation, interview preparation, and even learning code and bug fixing. We are already deep into AI, and it is only going to get more intelligent.
According to McKinsey Global Institute, at least 70% of companies will adopt at least one type of AI by 2025. When you look at all the studies, reports, and current AI trends, it’s crazy to think how things are changing.
Let’s have a detailed look at the positive and negative impact of AI on jobs.
Positive Impact of AI on Jobs
AI may automate a lot of mundane and manual work, but it isn’t out to steal our jobs. For now, picture hospitals using AI to zoom through X-rays, diagnose patients’ reports quicker, and maintain huge databases.
Factories are getting a makeover with robots that do the heavy lifting, boosting production speed and quality. Finance experts are teaming up with AI, using its lightning-fast data-analyzing skills to make savvy investment moves.
Okay, forgot the industrial changes; look at our phones. Phones have now become mind readers, predicting our needs before we even voice them. And remember those chatbots you’ve chatted with online? Don’t you see every other website now using chatbots? They’re powered by AI and make customer service smoother than ever.
Generative models have fastened the content creation and marketing process, benefitting both companies and service providers.
In a nutshell, AI has become our work buddy, not our rival. It’s like the ultimate wingman, boosting our job game and making tasks cooler, quicker, and more precise.
Also Read: How AI is helping the healthcare industry
Negative Impact of AI on Jobs
Let’s be real – some jobs might change because of AI. Tasks that are mundane and follow a set pattern could be done by AI without needing a coffee break. One of the most popular examples – data entry. It has already been automated worldwide.
Even some customer service roles have gone digital as AI learns to talk like us. We’re not just guessing here. Look around, and you’ll see self-checkout kiosks in stores and machines all around in warehouses. That’s AI taking replacing customer-facing roles and routine stuff.
Numbers don’t lie – stats show that in some cases, jobs have gone bye-bye because of AI, like when chatbots stepped in for human agents. Similarly, self-driving cars are coming into space. These might be cool, but they’ll surely change the game for drivers.
The bottom line is – AI is here, and it will replace tons of jobs. The only thing we need to do (to stay safe) is – Learn new skills and make sure we’re the ones driving the AI wave, not just riding it.
Adaptation and Reskilling to be SAFE
Go with the flow. As AI becomes a bigger part of our work lives, it’s probably smart to go alongside it. The deal is AI can handle a lot of tasks, but it can’t replace the unique skills we bring to the table – like creativity, empathy, problem-solving, and probably more.
In short, we need to change the way we think about AI advancements. It’s not about competing with AI; it’s about complementing it.
Here’s the scoop: reskilling and upskilling are our secret weapons. As humans, we also have many options to boost our skills in AI-related areas. Think online courses, workshops, and training programs. These aren’t just for resumes; these can be your tickets to staying relevant in AI advancement.
The game you need to play is called FLEXIBILITY. Adapting to AI’s rise means being open to new ideas, embracing technology, and learning from it. By accepting AI and learning new skills, you won’t just survive – you’ll thrive in a world that’s evolving faster than ever.
Also Read: AI Trends 2024
AI and New Job Opportunities
The key to survival? Gaining AI skills. AI is not science fiction anymore; it’s real life. Have you ever thought of becoming a chatbot trainer? Is it like teaching your own AI the art of conversation?
Or maybe becoming an AI ethicist, making sure AI plays by the rules? Or maybe becoming a prompts engineer and working directly with AI? These roles are sprouting up faster than you can say “algorithm.”
Here’s the lowdown on some AI-driven careers: data scientists, those who dig into data and uncover hidden trends; AI developers, the techies behind AI-powered tools; and virtual reality architects, who craft mind-blowing virtual experiences. These gigs aren’t just exciting; they’re in demand.
So, how do you get in on the action? Learn. No shortcut, my friend. Whether it’s coding, data analysis, or machine learning, gaining AI skills is like opening doors to a whole new world of job opportunities.
It’s not about competing against AI – it’s about becoming its ally and riding the wave of technological change.
Also Read: The Future of AI Careers
Collaborative Future: Humans and AI Working Together
The buzz about AI might have you thinking it’s a showdown: humans vs. machines. But guess what? It’s more like Tom and Jerry. They fight a lot, but you also know they can’t live without each other.
Here’s the real talk: AI should be like a sidekick where the hero is You. It isn’t supposed to be the other way around.
AI can crunch numbers, process data, and even answer questions faster than a search engine. But what it can’t do is feel emotions, understand human nuances, dream up new ideas, or adapt to individual needs and actions. That’s where we come in – with our creativity, empathy, and critical thinking.
Imagine a world where AI takes care of the repetitive tasks, freeing us to focus on what we’re best at. While AI sorts through data, we’re crafting new strategies, brainstorming innovative solutions, and connecting the dots in ways only humans can.
Oh, a match made in heaven! In short, it’s not about humans taking a backseat to AI. It’s about forging a partnership that maximizes our strengths and AI capabilities.
Some say AI will replace jobs, and it’ll replace jobs. Some say AI will create new opportunities, and it’ll do so. Every coin has two sides, and so does AI. AI isn’t all bad news, and it isn’t all bad, either.
It’s actually helping us do cooler things, like doctors working faster with AI to figure out health stuff. Robots in factories are boosting how things get made. AI chatbots are making customer service smoother too.
Sure, a few jobs have changed and will change because of AI, like data entry or some customer service gigs. But AI is also creating new job doors, asking us to learn AI-related skills.
So, the future isn’t AI taking over but us teaming up with AI to make a brighter world of work. Do you want to upskill yourself in a welcoming environment full of fellow hustlers? Join the FREE FuelEd Community.