The Effects of Artificial Intelligence on Job Opportunities – An Analysis

Today, our AI expert, Abhishek Anand, introduces – The Effects of Artificial Intelligence on Job Opportunities – An Analysis, in the first part of his authored article. We at A Journalist Reveals feel that AI is a rapidily developing field and the way it is, currently, moving; nobody can predict the direction it will take. It is up to us humans to contain its development and use it for the universal good, rather than to cause devastation.

The Effects of Artificial Intelligence on Job Opportunities – An Analysis

Artificial Intelligence (AI) is a grown up kid now and has emerged as a powerful technology transforming every aspect of our lives. From healthcare to finance, education to entertainment, AI is impacting every industry.

As a result, this has led to concerns about job loss and unemployment, particularly in industries heavily reliant on manual labor or routine tasks. Recently, tech giants like Amazon, Alphabet, Microsoft and others are in the process of doing layoffs, aggressively. These layoffs are definitely not just an impact of recession, but implementation of AI is another prime reason.

However, it is important to note that this is not a new phenomenon. Technological advancements have been responsible for job displacement in the past as well. Industrial revolution saw one of the first set of layoffs, in the known historical times.

To take a more recent example, the development of the calculator and computer caused a significant reduction in the number of people required to perform complex calculations, leading to job losses in the accounting and banking industries.

Similarly, the introduction of the internet and email led to a decline in the use of traditional mail services and the jobs associated with it, such as mail carriers and postal workers.

Yet, it is also significant to mention that these technological advancements created new job opportunities as well. For example, the development of computers created jobs in software engineering, data analysis, and IT support. The growth of the internet created jobs in web development, e-commerce and digital marketing.

The same is true for AI. While it may displace certain jobs, it also has the potential to create millions of new job opportunities in healthcare, education, and customer service. For example, AI can be used to develop new treatments for diseases, automate administrative tasks in schools, AI has much potential in project management and provides personalized customer support.

One of the key factors in ensuring that AI creates new job opportunities is the need for workers with specialized skills. As AI becomes more advanced, it will require workers with expertise in machine learning, natural language processing and data analysis. This presents an opportunity for workers to upskill and reskill, ensuring they remain competitive in the job market.

To be continued…

About the Author

Abhishek Anand is the founder of Skill Bud Technologies Pvt. Ltd., a tech company that specializes in Web 2.0, Web 3.0, NFT, Metaverse and digital marketing. He is also an Author, Speaker, Mentor and helps startups & businesses grow with technology.

LinkedIn – https://www.linkedin.com/in/abhimech