Many businesses are still skeptical about the practical usage of artificial intelligence. Though it may seem like a new edition of the technology world, it has already made a great transformation in the job market. AI is not new. The field research was founded in the summer of 1956 at a workshop held at Dartmouth College, United Kingdom. Many of the researchers then predicted the machine to be as intelligent as a human being and would exist in not more than a generation. Some were even given millions of dollars just to prove their theory to be correct.
In the immediate future, AI has become a big thing and is already underway.
Research says, 83% of businesses predict artificial intelligence to be one of the greatest priority for their businesses. By 2025, the AI market is said to grow to a $190 billion industry. Also, China to reap most of the AI benefits by 2030, followed by North America.
Cognitive technologies like machine learning, robots, AI, and automation to create around 9% of job openings by 2025. As a result, job roles such as robot monitoring, AI experts, automation specialists, data scientists, and content curators will proliferate. The impact of AI technologies in the business market to boost the production rate up to 40%, says Accenture.
AI Future – what does it look like?
As artificial intelligence gets prominent in the workforce, human capital can be released to focus on lesser innovative tasks. Additionally, though AI will generate 2.3 million jobs, it is said there will be over 1.8 million jobs to be replaced. The creation of newer job roles in the AI field to reach 2 million by 2025.
As a result, in a couple of years the growing demand for AI skilled workers such as AI experts, AI specialists will upsurge.
There are several organizations, enterprises, and industries that have integrated AI to power up primarily for big data analytics via machine learning tools. At present, data is being produced drastically, every second there are gigabytes of data that is produced by consumers. The only way to reach out to the customer is possible only by data-driven personalization. Thus, businesses are going to great lengths to ensure they’re equipped and prepared to make use of these data to deliver high-quality service to customers. This way they can stay one step ahead of the competitors.
AI plays a critical role in the field of sales and marketing. 80% of the sales and marketing leaders said they’re already making use of chatbots to ease customer experience or plan on implementing change by 2020. Chatbots offer 24-hour service with 55% instant responses. Juniper report says that by 2022, chatbots will be responsible for costs savings of over $8 billion annually.
At the moment, humans will continue to guide machines and dominate job roles that require human intelligence, interpersonal relations, emotional dexterity, opposing to the idea that AI will displace all of our jobs making us redundant.
Upskilling in new-age technology
With technology on the rise, the workforce will need to adapt accordingly. Constant learning and reskilling are crucial for employees looking to get into the modern workforce. Artificial intelligence is one domain that employees must have to get into the business ecosystem.
The right amount of learning and upskilling can only be possible if the individual hooks up with the right learning path. Hopping on a credible AI certification will definitely give you a head start for a high-paying career.
The current workforce along with the upcoming future workforce needs to upgrade their learning pathways and keep upskilling to stay prepared for future jobs. Simultaneously, the current education curriculum needs to be revised to better adapt to the ongoing trends. Upskilling today is the new mandate for employees and employers alike.