Beware of bots! Artificial Intelligence is being hailed as the industrial revolution of this generation, but is your job at risk?
By MailOnline reporter
Updated: 20:25 18 July 2023
- Government officials have warned that AI will have a major impact on jobs
- Unskilled low-income workers and women are most vulnerable
- The silver lining is that by 2025, 97 million new jobs will be created thanks to AI
What do coders, car manufacturing workers and customer service representatives have in common? Generative AI has revolutionized how people do their jobs in everyday capacity.
But should workers be concerned about the arrival of artificial intelligence and its impact on the labor market, or should they embrace it as a tool to increase efficiency, increase productivity, and improve the quality and quantity of worker output?
Sir Patrick Vallance, the government’s chief science adviser, whose tenure is due to expire in May, has warned that generative AI will have a ‘huge impact on work’.
For Commons science, innovation, and many jobs that people do, there will be jobs that can be done by AI, or most people won’t have jobs. Technology Committee.
“In the Industrial Revolution, when people adjusted what the jobs were and then the benefits, the first result was a reduction in economic output. We have to get ahead of that.”
AI as a colleague
Recent data suggests that generative AI could affect up to 300 million full-time jobs globally.
Accenture estimates that 40 percent of all work hours could be affected by generative AI tools, and that by the mid-2030s up to 30 percent of jobs will be automated, with female workers more likely to be affected than their male counterparts.
Unskilled low-income workers are at risk and are 280 percent more likely to be replaced by AI.
But the good news is that despite job losses due to automation, 97 million new jobs will be created by the robot revolution by 2025.
The UK government is playing its part in the future of technology through its National AI Strategy, unveiled in 2022, to protect the technology ecosystem and help organizations realize their full potential with an £8.5 million research programme.
And while the waters are still uncharted for many industries, early adopters are finding that AI can become your colleague if used correctly.
From asking an AI chatbot on a topic before the brains of a group, to analyzing large amounts of data to gain insight into how a product or service is performing, to fixing and preventing fraud in the financial services industry, the potential is vast. – catch up.
Creative industries are also benefiting from this efficiency, with text-to-image AI tools also being used by artists, graphic designers and illustrators to assist in the design process.
The human touch
The other good news is that humanity has an edge… at least for now.
There are many reasons for this: fast engineers are becoming increasingly important as machine learning technology outstrips human needs, and professionals in the US are commanding salaries in excess of £300,000.
And when inquiries go wrong, results suffer dramatically, especially when companies replace all customer service staff with chatbots who lack the necessary information and have ‘hallucinations’ that cause these chatbots to generate false or misleading information.
Machine learning bias is a concern when learning to make decisions based on training data algorithms that reflect system bias.
Soft skills are another big win for humans, and in a recent study, communication, leadership, attention to detail and teamwork qualities were found to be more important than AI tools.
This is echoed by data that predicts that by 2030, soft skills-based jobs will account for two-thirds of all jobs.
So to land a job where soft skills are a priority, or to use your skills to work in the AI field, head over to our job boards and you’ll find thousands of openings at companies that are actively hiring.
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