We are at the verge of a technological revolution that will change the way we work and live. From many years humans are playing an important role in innovation and development using their skills. However, due to recent technological developments, the nature of work has totally changed. In fact, around 75 million jobs by 2022 will be disrupted according to a report of the World Economic Forum. And this can be attributed to Artificial Intelligence. So, what is AI and how it will impact the nature of work and jobs in future? Let’s see in this article.
Artificial Intelligence is a branch of computer science for developing machines that can perform human tasks more effectively and efficiently. It is a collection of technologies and concepts for maximizing the chances for achieving the goals of an individual or an organization. Artificial Intelligence mimics human intelligence using the algorithms developed for a specific purpose. The applications of Artificial Intelligence are everywhere, ranging from robots in the commercial sector to self-driving cars and machine learning.
Importance of Artificial Intelligence
Today, a large amount of data is generated outpacing the ability of humans to interpret it and make tough decisions. Artificial Intelligence not only helps in interpreting information coming from various sources but also helps in making complex decisions and solving real issues. There are many reasons why AI is important to us. Here are some of them,
- AI will indeed displace 75 million jobs by 2022 but it will also create 133 million new jobs. AI will displace low-skilled and repetitive jobs and create high-skilled jobs in which adults will have to up-skill or re-skill to sustain in the job market.
- Artificial Intelligence will improve healthcare across the world. It will be used in precision surgery, predictive surgeries and many other clinical operations.
- Most of the road accidents happen because of human error. This can be avoided by the use of Artificial Intelligence. The self-driving cars have helped in reducing road accidents. The smart systems are also used for analyzing traffic conditions in many countries.
Artificial Intelligence is used for performing various tasks that are not possible by humans. The AI systems allow the companies to use large amounts of data for uncovering patterns and insights that would have not been possible by an individual in a stipulated time. With this, the companies can deliver personalized communications, identify fraudulent transactions, predict events, etc. AI can be used in all industries in various capacities to get the best results for an organization.