What Are The Most Promising Industries For Job Growth In The Age Of AI?

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These days, artificial intelligence (AI) is a buzzword used often. From smart homes to cellphones, from banks to hospitals, artificial intelligence is clearly visible in all sector. Commonly, though, there is a belief that artificial intelligence will replace humans and cause unemployment. Actually, nevertheless, artificial intelligence generates jobs rather than a job killer. 

AI is like a dish-cooking machine; it can only prepare a meal as directed from the recipe. The machine cannot, however, add that extra spice or change the taste to suit the individual's taste sensation. Here is where human talents are useful. We should also mention that one can change the taste to suit their liking or add more heat. In this case, the person is adding that extra touch to make the dish ideal while the machine is performing the simple chore of cooking. The employment are produced here.

Stated differently, artificial intelligence can handle routine and repetitive chores, freeing us more time and energy to concentrate on the creative and value-added features of our work. An artificial intelligence-powered chatbot, for example, can answer consumer questions while the human customer service agent can concentrate on developing a relationship with the client and offer a customized experience.

Actually, a World Economic Forum analysis predicts that despite removing only 1.8 million jobs, artificial intelligence is anticipated to generate 2.3 million new ones by 2020. This implies that net job growth brought forth by artificial intelligence will be favorable.

Related : How can artificial intelligence help climate change?

How then exactly would artificial intelligence generate employment? Let us review some samples now: 

Medical Industry 

By raising the accuracy and speed of diagnosis as well as by allowing tailored treatment regimens, artificial intelligence has the power to transform the healthcare sector. AI can not, however, replace human nurses and doctors. Rather, by examining medical records and photographs, projecting possible health hazards, and even suggesting treatment courses, artificial intelligence can help them. This allows medical practitioners to concentrate on giving patients compassionate treatment rather than spending hours sifting data. 

Store 

AI-powered chatbots can enable stores to offer 24/7 customer care, respond to often asked queries, and even create tailored product recommendations. Human sales associates can still give a personal touch, nevertheless, by developing rapport with clients, knowing their needs, and providing professional recommendations. 

Manufacturing: 

In manufacturing, AI-powered robots can manage hazardous and repetitious jobs such welding and assembly. Human employees can thereby concentrate on more difficult and creative activities, including creating and refining the production process. 

Economics 

Real-time financial data analysis, trend and pattern recognition, and even future market situation prediction are capabilities of artificial intelligence. Human financial analysts can still offer their knowledge, nevertheless, by analyzing the facts and basing their conclusions on experience and knowledge. 

In essence, artificial intelligence is a tool that can increase our output and inventiveness rather than a threat to our employment. While human workers can concentrate on the creative and value-added features of their occupations, artificial intelligence can manage boring and repetitious chores. We should so welcome artificial intelligence and use its possibilities to provide fresh prospects and employment growth in many sectors.
 

Answered 3 months ago Gianna EleanorGianna Eleanor