Artificial Intelligence: Cause Of Unemployment

Artificial Intelligence has dramatically improved our world in ways unimaginable, but there are many concerns regarding the impact it can have on employment and the credibility of workforce. There are predictions which tell us about the possibility of millions of people facing unemployment in the next decade due to automation and neural networks. There has significant transformation in business, education, market and government sector due to AI. Sectors where AI can replace humans

• Transportation: With enhanced automation and machine learning we are able to design and create vehicles that are capable of sensing environment and move safely with no or little human input. These vehicles are self-driven and do not require any human driver for its movement. With the growth in these automated vehicles the demand for professionals like car drivers, sailors and pilot would rapidly dropdown.
• Electronic Commerce: Electronic-Commerce will undergo massive transformation due to AI. With robots navigating the space to collect products and execute customer orders; to be sent or even delivered to customers, also automatically with autonomous drones and cars. Thus reducing the demand for salespersons and network stores.
• Healthcare: Before AI didn’t exist patients required a nurse to monitor patients health at regular intervals and notify the doctor regarding patients health. But now with the help of AI-enabled devices attached to patients body so that doctors can monitor patients health at regular intervals and thus enabling him to take necessary decisions regarding patient’s health. Thus there would be no need for a nurse to monitor patients health at regular intervals.
• Teaching: A virtual assistant is a software agent can perform the task for task-based human verbal commands. Now a days virtual assistants are being designed in such a way that they can teach students like human teacher. Thus students can study online with the help of virtual assistant at an affordable price and soon the need for teachers and professors would drop down.

Here are some points to consider when thinking about AI and unemployment:

• AI is likely to displace some jobs: Certain tasks that are routine, repetitive, or dangerous may be automated using AI. This could lead to job losses in industries such as manufacturing, transportation, and customer service.
• AI will create new jobs: AI will also create new job opportunities in areas such as data analysis, software development, and AI programming. These jobs will require new skills and training, and may require workers to adapt to new roles and responsibilities.
• AI will increase productivity: AI can automate tasks that were previously time-consuming and inefficient, freeing up human workers to focus on more complex and creative tasks. This could lead to increased productivity and economic growth.
• The impact of AI on employment will vary by industry: While some industries may see significant job losses due to automation, others may see an increase in demand for workers with new skills and expertise. The impact of AI on employment will also depend on how quickly it is adopted and how it is integrated into existing systems.

Areas where AI is replacing human work

• Couriers: Courier and delivery people are already being replaced by drones and robots within few years automation would dominate this field. It is expected this space would grow by 5% in 2024.
• Information Technology: It is expected that automation would increase by 12% in 2024. Previously for testing any software code we needed a human for it. But now there is no need for any human tester as automated testing is performed. Thus reducing the need for IT professional’s in industry.
• Real Estate: Real estate plays a significant role in buying and selling of the home. In this age of information, everything is possible on our fingertips. Online services like magic bricks and 99 acres help customers to search for their properties. Thus a tech-savvy seller would easily be able to reach customers without any need of agent.
• Manufacturing: AI-enabled robots can perform tasks such as assembly and packaging with greater speed and precision than humans, leading to a reduction in the number of human workers required.
• Transportation: Self-driving vehicles can navigate roads and highways with little or no human input, leading to a potential reduction in the number of drivers required for transportation.
• Customer service: AI-powered chatbots can handle customer inquiries and support requests, reducing the need for human customer service representatives.
• Data entry and analysis: AI can automate the processing of large volumes of data, reducing the need for human data entry and analysis.
• Retail and sales: AI-powered recommendation systems can suggest products to customers based on their preferences and buying history, reducing the need for human sales associates.
• Financial services: AI-powered systems can perform tasks such as fraud detection and risk assessment with greater accuracy and efficiency than humans, potentially reducing the need for human workers in these areas.
• Healthcare: AI-enabled devices can assist doctors and nurses in tasks such as monitoring patient health and analyzing medical images, potentially reducing the need for some human workers.

Conclusion In the long run, we would witness certain jobs that are less relevant and finally obsolete. Though artificial intelligence has numerous benefits if implemented in day to day life by making work easier and faster. But it is also becoming a cause for unemployment. So the biggest challenge would be to implement it in such a way that it doesn’t enhance unemployment.