With the recent developments in predictive analytics and generative AI, as well as AI voice assistants like Siri and Alexa, artificial intelligence has captured the attention of the globe.
Artificial intelligence is transforming how we live, work, and are entertained; therefore, the sooner we embrace it, the better, said Stephen Waswa, an IT specialist. Accepting it will also make our work simpler and easier.
Due to advancements in AI technology, organisations are changing the skills they value in their employees.
Artificial intelligence has already had a big impact on a number of industries, and as technology advances, it is expected that these changes and improvements will continue. Some jobs use artificial intelligence to increase productivity and make work for humans easier.
Other times, AI uses automation to totally automate tasks, displacing human involvement. As a result, there might be a demand for fewer workers in specific positions, which could have an effect on the labour market as a whole.
Recent research by the World Economic Forum indicated that 75 million jobs worldwide will be automated by AI, while 133 million new jobs will be created in their place. For both employees and companies, this change in the job market offers both benefits and challenges.
The effects of AI on the labour market are dual. On the one hand, AI technology can automate repetitive activities, freeing up employees to concentrate on more challenging and rewarding work.
For instance, customer service agents can automate regular client interactions using AI tools, freeing them up to concentrate on more complicated customer concerns.
On the other side, the creation and use of AI technology open up new employment opportunities. New careers are developing to support AI innovation. These include positions in machine learning, research and data analysis, AI system maintenance, and AI development. The need for people with expertise in artificial intelligence is anticipated to increase considerably.
Conversations with certain business owners revealed that, as of now, services like research and analysis, marketing and advertising components, proofreading, and quality control can be automated. In other sectors, like manufacturing, where machines can complete tasks faster and more accurately than people, AI may cause job losses.
According to proofreader John Okoth, while AI is doing the work, it helps that not everyone will go into the specifics of how it functions. He must therefore adopt AI tools like Quillbot, WordTune, and Grammarly, which speed up his task completion and enable him to accomplish more in a shorter amount of time.
Automation of non-routine cognitive tasks as a result of AI advancement could endanger highly skilled professions. But if AI primarily replaces low-skilled labour, then high-skilled workers may be less able to profit from its advantages, which could result in wealth disparity.
AI is a desirable technology to enhance managerial decision-making because of its capacity to gather and interpret massive volumes of data. However, there are also important concerns associated with the workplace, such as the development of new biases, the entrenchment of existing ones, and the insecurity of workers brought on by a lack of responsibility and transparency about algorithmic predictions.
A rise in job pressure and stress about productivity and how management perceives data may also result from intensive monitoring.
As they say, benefit comes to the prepared mind. The sooner we accept and seize the opportunities presented by AI, the better.
