Technology is continuously changing our lives. It is not only changing our way of living at home but also has a profound impact on the workplace. Artificial intelligence possesses the capacity to enhance the productivity and efficiency of the processes of any organization. There is a fear that the rise of this technology will lead to the replacement of human beings with machines. Sometimes it is considered as a threat rather than a benefit to mankind.
AI technology has undoubtedly provided many advantages to businesses. It has helped in reducing the workload of human beings and made machines to take control of repetitive tasks. Also, it has expanded the research domain of computer sciences by inculcating various technologies in research. Its applications have made humans capable of interacting with machines for an altogether different purpose. They have given a new way of life to the businesses.
Artificial Intelligence as a Friend or Foe
Let us discuss whether AI is beneficial for us in the long run or will it take our place in the workplace? There are many organizations which are utilizing the benefits of artificial intelligence by gaining the value of their data. Companies are implementing several technologies associated with AI that ease the business processes. For example, Robotic Process Automation (RPA) used to make robotic software capable of doing repetitive tasks.
The advantages of building intelligent systems based on AI technology are manifold. It can offer solutions that increase organizational efficiency due to faster decisions and bringing innovation to new products and services. The real need is to cultivate the grounds of technology with AI to get maximum yield from it. According to many businesses, artificial intelligence acted as a revolution in technology due to its advantages.
The implementation of AI technology enables businesses to have a competitive advantage over others. It also reduces the cost of operations and overheads. It is an important aspect for businesses but when the headcounts are reduced due to the involvement of technology, the risk of losing a job becomes high. The inculcation of these technologies in businesses can create a problem of job security due to changes in the operation.
It will affect every industry but every job will not have equal risk. The jobs involving social abilities and literary services will remain at low risk. The occupations related to the transport industry may have a greater risk than other jobs. The jobs that include repetitive tasks can be at a higher risk of displacement as well.
Besides all the risks of displacement, there are many people who think that more jobs will be created by the AI-induced model of the workplace. As new technologies are poured into the businesses, new skill sets will be required to work on them. As a result, more jobs will be available to people. The greatest problem will be the possession of specific skills to use AI applications.
There is a possibility that artificial intelligence will replace jobs with basic problem-solving tasks. AI solutions will make decisions instead of human beings in industries, customer services operations, and finance-related companies. The decisions regarding the approval of loans can be automated with the help of innovative technologies. Greater automation will result in greater productivity. Therefore, more revenues will be generated by companies.
Summing Up
The effective implementation of AI needs to overcome the factor of uncertainty attached to it. Believing in the idea that it will benefit all the industries, small or large, can help in the rapid application of artificial intelligence at workplaces. The training should be given to the people so that they are equipped with technical knowledge. Employers should also focus on the development of skills of employees so they do not feel any risk of losing a job.
AI will change the world altogether due to its advantages. By focusing on the risk of losing a job, one can only add worries to live. Businesses should focus on training and invest in people as well. Human beings should be using technology rather than getting replaced by it. Artificial intelligence companies are providing services in this regard.
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