Artificial Intelligence will create more jobs than it has destroyed

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Artificial intelligence will destroy our jobs, and we’re not ready for it! But are machines taking away our jobs? The war between man and machines started centuries ago. Are they taking away our jobs? Or are they easing our workload?

A study suggests not.

Going back to the census data of Wales and England in 1871, a study made by an economist at Deloitte came up with a conclusion stating technology to be a great job-creating machine. Machines will no doubt take on tasks that are repetitive but will not eliminate the need for human labor.

Are there any pitfalls?

It may sound strange, but many people would lose their jobs to AI. Job titles like a travel agent, waiter, cashier, or a driver are likely to turn obsolete due to artificial intelligence. A study by McKinsey Global Institute said around 800 people worldwide will lose their jobs due to automation by 2030.

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A new study by Teamlease Services estimated 52 – 69% repetitive job roles from fields such as IT, manufacturing, financial services, packaging, shipping, transportation is bound to face the risk of losing their jobs to AI and automation.

Artificial intelligence today is one of the most significant and dominant technologies that has helped machines reach a stage where it can now compete for human-level performance on tasks like classifying images, identifying faces, detecting anomalies in medical images and playing complex strategy games. Currently, there’s a huge demand for AI professionals, but there’s a shortage of AI skills.

Job obsolescence will always be a concern for workers. Specifically, for professionals in the technology domain.

Artificial intelligence is a market that is now starting to take off projecting to rise from $9.5 billion in 2018 to $118.6 billion by 2025.

The World Economic Forum predicts machines and algorithms will likely displace 75 million jobs in 2022 but will create 133 newer job roles.

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Future AI jobs

Even though machines are set to replace human jobs, they will find it even harder to replicate activities like teamwork and creativity. As the AI job gets ubiquitous, the capability to corner jobs that involve memory-related tasks or manual labor and data-crunching will be taken up by AI and automation.

Perhaps around 375 million workers will need to switch their occupational categories by 2030 taking stride in the field of artificial intelligence, says McKinsey Global Institute. An ideal way for tech professionals to take a stand is by building new skills and redefining their career paths as AI professionals.

Significance of Upskilling and Reskilling

Reskilling and upskilling have become a major concern for tech professionals looking to get into the new workforce generation. 54% of employees will need to reskill and upskill by 2022, says The World Economic Forum.

With the advent of technology taking place at a rapid pace, there has been a lot of speculation happening around how employability needs to be improved addressing the deficit of skilled workers. What research reveals to us is that tech professionals will need to increase their employability by embracing certifications having the latest skills.

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For someone looking to advance their career in the AI field, an AI certification is highly recommended. Skill-based certification empowers people to broaden the domain knowledge and validate their skills while helping employers secure the best talent in the industry.

AI professionals will gain competitive edge provided they have invested upskilling in the latest AI skills.

Gaining skill-based certification reveals having a positive impact on the reputation of the candidate since employers can now easily validate their new skills in a hypercompetitive job market. With many jobs undergoing threats, professionals must learn a range of new skills. To ensure a continuous learning culture, the candidates’ skills should be relevant.

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