Artificial Intelligence Will Create More Jobs Than it Will Destroy

Have you ever searched on Google ‘Will AI take my job’ or ‘Which job AI will take away’? Then this blog is for you.  

In recent years, many people have reconsidered their future plans by checking whether the field they are planning to work in could be automated in the future. Many are concerned that Artificial Intelligence could do away with their jobs in the coming decades. The sentence ‘Will AI destroy my job’ was quite trending after all. But let’s dive deep into this, shall we? 

Isn’t the growth of Artificial Intelligence similar to the advancement of the internet? And have jobs been reduced or destroyed? According to a report by McKinsey Global Institute, the internet has created 2.4 jobs for every job that it has destroyed. And AI is ready to create even greater growth across the globe. In PwC’s Annual Global CEO Survey, sixty-three percent of CEOs believe AI will have a larger impact than the internet. With the internet, mechanical power, and machines the world is in a better off position with people living better lives.   

11 reasons why AI will create more jobs than it takes 

  1. The Demand for man-machine Hybrid Teams:  

Hybrid workplaces are the future. The perfect blend of humans and AI can generate better business outcomes. Artificial Intelligence has strengths like precision, speed, scalability, computation, and other quantitative capabilities. A human being has strengths such as creativity, leadership, teamwork, emotional intelligence, empathy, judgment, etc. Google. Microsoft, Kissflow, and many other organizations have adopted the hybrid model.   

  1. Worldwide Employment:  

Businesses that use automation and technology can gain higher employee wages, better productivity and efficiency, and better technological tools. They can thus generate more money with success. With such financial resources, companies can expand their reach and this could lead to global companies and MNCs.  

  1. AI’s Role in Marketing and Sales:  

AI can help in marketing and sales by building large-scale sales forces. AI can be used to support sales with the relevant customer experience and make analytics actionable. Sales and marketing teams can personalize and scale messaging with AI insights. Companies are also using AI in recruiting the right sales teams for their businesses.  

  1. AI Maintenance Jobs: 

Artificial Intelligence is helping companies in the smooth functioning of their operations and teams even in areas like customer service, automation, etc. When implementing AI in every field and industry, the demand for an AI maintenance workforce would massively increase. Companies would require AI engineers and developers to ensure the functioning of the system and fix it whenever it breaks down.  

  1. AI in Robotics:  

AI-based robots are attracting the interest of businesses across the world. AI gives robots computer visions to navigate, sense, and calculate their reaction accordingly. Robots learn to perform tasks through machine learning which is a part of computer programming and AI. We have stationary robots, nonhumanoid robots, and fully automated aerial drones today. The maintenance of all these also demands experts and engineers in robotics.  

  1. AI in Healthcare:  

PwC in one of its reports such that the healthcare industry would be one of the biggest winners from AI. They mentioned that there could be an increase of nearly 1 million in job opportunities. AI can be used in screening, creation of new drugs, psychiatry, dermatology, telemedicine, and drug interactions. Technicians who are skilled in AI-powered healthcare would also be a requirement.  

  1. AI in the Gaming Industry:  

AI plays a massive role for gaming companies. The application of AI in this area is intense. AI is used in in-game designing, game operations, and game maintenance. AI developer jobs in gaming are in high demand. Many gaming companies like Osmo, Gosu Data Lab, and Modl.ai raised millions of dollars in funding through AI-powered games.  

  1. AI in Automated Transportation:  

AI already has a huge role in the automated transportation sector. Companies like Uber, Google are investing huge amounts of money in creating self-driving and autonomous cars. This leads to an increase in demand for AI and machine learning engineers. According to a report by P &S Market Research, the global market for AI in transportation is expected to reach 3.5 billion dollars by 2030 

  1. AI in Education:  

Many educators and teachers are worried about assuming that their role in the classrooms of the future would be extinct. However, a recent report by PwC revealed that the education sector is set to see an increase in jobs with around 200,000 extra openings. We can see blended classrooms and virtual learning environments in today’s educational industry. Concepts such as flipped learning, personalized teaching, computerized assessment, and other data-driven operations depend heavily on AI. Schools and educational institutions would require the recruitment of AI and machine learning experts. 

  1. AI in the Entertainment Industry:  

YouTube, OTT, Spotify, Amazon Prime, Hulu, Netflix, and other streaming service companies are now using AI technology in their business models. With AI algorithms, these companies are able to recommend media that suit the customer’s preferences. The entertainment industry would require a huge AI workforce to fulfill all its requirements. 

Conclusion

AI may benefit some more than others. Businesses and firms should work to ensure that their people and the company are able to reap the most out of this. AI would mostly automate repetitive and dangerous tasks such as data entry and assembly line manufacturing. AI technologies would change the nature of work and workplaces. AI could be the greatest job engine the world has ever seen. 

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Hanan Ashraf
A strong believer in the power that words have over people, Hanan works on producing content that is creative but at the same time graspable for readers. A content writer and digital marketing intern, she loves to write about automation, HR, performance management, and employee wellbeing.