Although it is no shocking news that Artificial Intelligence is already replacing humans in the office, even in our homes, it is still an unsettling thought to see a world filled with AI-based tech doing our jobs all because we have the undying desire to take Artificial Intelligence to the next level.
This leads us to ask the question, “what will happen to us if machines replace us?” according to McKinsey & Company’s new report, more than eight hundred million (800 million) workers worldwide could be replaced at work robots. To a twelve years old boy, that could be good news, but we cannot say for sure how a man with mouths to feed will take such news.
Furthermore, the study proved that people living in countries advanced in economies like the United States and Germany might need to learn new skills and find new work before the end of 2030. Twelve percents of workers in China may likely switch occupations by 2030.
However, some industries an increase in automation will not signify a decrease in employment, but it will preferably create a shift in the tasks needed to be done.
A job for instance, which involves managing people, social interaction, and applying expertise will still need the “touch of a human”- human performance in these areas cannot be compared to a machine… though they are working earnestly to make it work for example- chatbots.
Furthermore, jobs, which involve mortgage origination, back-office transaction processing, and accounting, paralegal work, can easily be replaced by automation.
According to CNBC Make It “A LinkedIn post focused on the report noted that some workers are already catching on to the need to boost the skills sets. Research by the networking platform found that fewer professionals are adding accounting and financial reporting to their profiles.
Instead, employees are beefing up their online resumes with more soft skills like management, leadership and customer service.”
Although some people are reluctant or scared (I won’t blame them) about the impact of robots and automation, Bill Gates assures that the “change” is nothing to be worried about. In one of his statements “This is a case where Elon [Musk] and I disagree,” he said in a Wall Street Journal interview, in which he addressed Musk’s gloomy vision of the future.”
He further added that anyone with skills in engineering, science, and economics will always be in demand.
How accurate is the above statement? No one can really tell until it finally happens. I do not intend to be a barrel of bad news here; which company would want to spend more on human labor-force when they can get machines to do it for them?
Most companies would choose sophisticated machines over man-labor, to boost their “company’s ego” or want to be associated with the “new cool”- AI-based devices.
Can Artificial Intelligence threaten your career within five years?
The Microsoft co-founder Bill Gates does not believe the new technology should cause us to panic- well, it is left for us to consider the man who will not be affected whatsoever if AI-based tech replaces us or not. The Chief Executive Officer, Elon Musk, however, warns that there are dangers of artificial intelligence
According to Bill Gates in an interview with the Wall Street Journal and Microsoft CEO Satya Nadella “This is a case where Elon and I disagree.” Elon is not the only who thinks this modern technology is a threat to humans- in terms of workforce, the PwC in an article titled “Workforce of the future” shows they are not much of in support of Bill Gates ideas. The report, which examines the research and a survey of 10, 000 people has some troubling implications.
According to CNBC Make It in continuation of the above statement- “Chief among them: “Typical” careers, in which a person advances through the ranks of a particular field, will increasingly “cease to exist” as artificial intelligence and robots replace more human workers over the next few decades. Humans, it says, will have to become more comfortable learning new skills and making career transitions.”
The Principal, and U.S. people and the organization co-leader Hesse told CNBC Make It, that “The displacement is already beginning to happen.”
“A national Pew poll confirms that the most significant cause of job loss in the United States, is technology. Furthermore, A 2013 Oxford University study estimates that within the next two decades, robots and automation could replace forty-seven percent of the United States jobs- MarketWatch points out.
Hesse further stated that it varies a bit by industry, but over the next five years, we are going to see the need for workers to upgrade or change their skills at an accelerating pace.
Whether you believe that robots and automated technology will replace the human workforce or not… we all need to prepare ourselves. This leads us to the next phase of this article-
How do we prepare for the future?
The best defense is to attack, in that same light; we should not wait for robots and automated tech to kick us out before we learn new skills or upgrade our current skills. According to CNBC Make It, “One trend many workers will be impacted by is robotics process automation (RPA), which automates manual tasks done by humans on computers.”
Hesse says, “ Those workers that do tasks that can automate by RPA will need to learn and take on new skills,” he suggested that people should research what skills will be in demand in their field. He cited some examples such as learning how to manage automatic software programs.
To bolster his statement, Bill Gates stated that workers with skills in science, engineering, and economics would soon be the most sought after. Also, Alibaba founder and e-commerce titan Jack Ma thinks more companies will be looking for people with expertise in data analysis and collection in the future. Eric Schmidt, executive chairman of Google’s parent company Alphabet, also believes data skills will be in-demand moving forward. (CNBC Make It).
Furthermore, learning new skills does not necessarily mean we have to go back to school for a degree.
Citing a statement from CNBC Make It “The Georgetown University Center on Education and the Workforce, for example, reports that there are millions of well-compensated jobs with projected job growth available for those without a bachelor’s.
According to the Georgetown report, community colleges and reputable trade schools that provide vocational programs will help more people find work in the future.”
With the tech trends, we can rightfully predict that many companies will start having internal training and recruiting programs to prevent employees from losing their jobs to new technology.
PwC termed it as “re-tooling,” or learning new skills, “will become the norm.” if you are still holding on to your job without thinking of the future, then you need to rethink because like it or not, no employee is indispensable especially those are do not want to bring new things to the table.
Some 60 percent of the report’s 10,000 respondents think, “Few people will have stable, long-term employment in the future.”
And the overwhelming majority of those who participated in the survey, about 75 percent, believe it’s their own responsibility to update their skills, rather than rely on their employer’s.-CNBC Make It
If you want to become useful in this fast-growing tech age, then you need to flow with the tide- no need fighting it. Secure your position by learning new skills.