Delhi: The use of Artificial Intelligence(AI) would increase the level of automation as well as the effectiveness of those processes. Digital transformation is required before companies can start their Artificial Intelligence transformation because digital data is necessary for Artificial Intelligence training and digital processes are necessary to roll-out Artificial Intelligence solutions in most cases.
Thanks to technologies such as Artificial Intelligence, the Internet of Things (IoT), and Robotics that will drastically change the way we work. The future of work will come with great opportunities but also with plenty of challenges for organizations. It will require both - employees as well as management to adapt and work smarter.
Artificial Intelligence will augment your jobs, the Internet of Things will provide you with greater detailed insights, and robotics will replace many jobs.
There have been rapid innovations in automation and Artificial Intelligence in 2020. For instance, now we have advanced robots, machine learning chatbots, and autonomous systems. Organizations have started reaping the benefits of these technologies as they offer value for different goods and services.
Corporates from various industries are already leveraging Artificial Intelligence in personalizing utility recommendations, enhancing customer care, identifying anomalies in the production process, detecting fraud, etc.
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As Artificial Intelligence continues to take root, a future where humans and robotics work together will become a reality. By 2025, the Artificial Intelligence market is forecasted to reach a whopping $190 billion. We can already see Artificial Intelligence in many aspects of our daily lives, for example, when shopping, interacting with customer care, etc. In the coming years, artificial intelligence and automation technologies will affect jobs, businesses, commerce, and life in society as a whole.
Col. Inderjeet further explained, "The integration of Artificial Intelligence into the workplace will come through augmentation of human skills rather than substitution of jobs. Artificial Intelligence, in fact, does not automate jobs. It automates certain skills in jobs. Technology in the form of machines, robots, or digital assistants competes with humans for tasks. Machines in factories and computers in workplaces have taken on the repetitive, but cognitively demanding work of, for instance, office clerks (automatic teller machines)."
He is of the opinion that fewer workers with intermediate skills are needed to execute tasks of intermediate complexity, and these workers then compete with both low-skilled and high-skilled workers for low- and high-complexity tasks. Intermediate-level jobs will fare less well, with lower employment and lower wages.
Apart from artificial intelligence taking jobs and creating more, it will change the nature of employment roles as machines complement the human workforce. With partial automation of tasks, many job responsibilities will be reconfigured. For example, jobs that involve repetitive tasks will turn into managing and operating automated systems. In medical practice, doctors will depend on AI algorithms to analyze patients’ scans to achieve a high degree of accuracy.
Robotic Process Automation (RPA) – also known as software robots or the new “digital workforce” – can automate the clerical, repetitive, and often mundane aspects of a job, enabling employees to reconfigure job functions in new, meaningful ways.
- The digital workforce can also play a pivotal role in helping employers hire and retain competitive talent.
- Attracting and maintaining the best talent fundamentally comes down to being able to create a work environment in which employees are happy and engaged where they work.
- As many employees typically are not satisfied with repetitive, routine work, automating these responsibilities enables employees to focus on tasks that are more compelling, relevant, and fulfilling, which can support engagement and retention levels.
Col Inderjeet very stronglyadds, " It’s inevitable that artificial intelligence and automation will become increasingly prevalent in the years ahead. But, unlike many people fear, it won’t be a case of robots replacing employees – nor will the only jobs be in robotics and programming. Counter-intuitively, as machines become more intelligent, soft skills – creativity, emotional intelligence – are going to become ever more important for businesses."