How Artificial Intelligence is Revolutionizing Businesses?

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Artificial Intelligence has made a huge impact on the way we work in the last few years. Artificial intelligence can read data and can also interpret this data to provide information about them without any human interference. Hence, companies can automate some of their business processes which requires less human interference. AI will take some jobs away from humans, but they will also create new ones.

There will be disruptions in hiring in health, agriculture and industrial sectors due to Artificial Intelligence. Software engineering will require human workers for developing softwares due to rise of AI.

Why AI Will Replace Some Jobs?

 1. Artificial Intelligence work on pre-set programs

Computers are not susceptible to human error. They receive pre-defined instructions and execute them exactly as defined in the code. This is useful for jobs like data entry, where there is no scope for typing error.

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 2. Artificial Intelligence Doesn’t Get Bored

Lack of rest, lack of sleep, boredom from repetitive tasks are all particularly human problems. Lack of sleep can cause lack of focus, irritability and errors. Repeating the same thing every day gets dull for a human. Machine are experts in doing repetitive tasks.

 3. Machines can Perform Dangerous Tasks with AI

Artificial Intelligence can be used to increase efficiency in manufacturing process. AI is helpful to keep human workers out of danger. Opportunities to leverage Artificial Intelligence in manufacturing include product development, logistics optimization etc.

Machines are not as fragile as humans as it can withstand enormous amounts of pressure, heat, airborne toxins and other threats. However, machines can also be damaged while doing dangerous work. 

 4. AI Machines are Cheaper in the Long Run

The upfront cost of building as well as training  an AI machine is high. However, the overall cost of operation of Artificial Intelligence is lower than paying a human to do the same job. Running a machine just takes electricity and occasional maintenance in the long run. But, it takes resources to find and train human employees.

Industries That Will Always Need Humans

Some of the jobs which can’t be replaced by AI are of teachers,writers, social workers,medical professionals, management professionals and many other such jobs.Robots can’t replicate the social intelligence that these fields require.

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Jobs that have a lower risk of being replaced by Artificial Intelligence are: 

1.  Jobs that require a lot of social interaction 

2.  Jobs which require high levels of creativity and autonomy 

3.  Jobs which require creativity and emotional intelligence 

IN A NUTSHELL

There are many industries like healthcare, finance, transportation, and education where Artificial Intelligence has already made a huge impact. Several factors needs to be considered for predicting what jobs will exist in the future. It takes time to train human employees so they can adapt to the new job requirements. Hence, it is required to prepare for changes due to Artificial Intelligence.

Watch the full video to find out, Will AI take away our jobs? You will get to know what public thinks about artificial intelligence and will it really create an impact on future jobs?