The Impact of AI on The Job Market And Future Careers

Artificial intelligence is fast becoming one of the most critical technologies in industries worldwide. A MarketsandMarkets study predicts that the global artificial intelligence market will witness a growth rate of 36.2% from 2022 to 2027. The impact of AI on the lives of people in the future is a concern among many.

The fear of AI taking over jobs is becoming prevalent among workers today. From customer service to logistics, the increasing use of artificial intelligence in critical business operations is a crucial factor contributing to such concerns.

The business world in the future will never be the same as workspaces are increasingly using robots. Thus, learning the basics of artificial intelligence and machine learning is the need of the hour.
Yet, the effect of AI on future careers is a thing to ponder upon.

How does AI work?

Let us first talk about the basics of AI. We can define artificial intelligence or AI as the simulation of human intelligence in machines, enabling them to make predictions and solve problems without human intervention. Computers can undergo advanced functions by replicating human intelligence.

Some of the subfields under AI are deep learning, NLP (Natural Language Processing), machine learning and neural networks. Python, Java and R  are a few programming languages synonymous with AI. The AI systems ingest massive volumes of training data, analyze this data for patterns and then utilize the said patterns to make predictions.

Uses of AI

Artificial intelligence has vast applications. From smart home devices to personalized online suggestions, the impact of AI is omnipresent.

Below is a list of some common application areas of artificial intelligence.

1. Spam filtering in email

Very often, our inbox gets cluttered with spam emails. AI filters them out so that we can view just the filtered emails. Gmail has effectively used artificial intelligence in this regard. The AI automatically creates categories such as 'Spam', 'Outbox' and 'All Mai,' filtering emails as it deems fit.

2. Autonomous vehicles

 

Self-driving cars are a reality, thanks to AI. Today, the market consists of both manual-driven cars and AI-driven ones.
With companies like Tesla and Audi creating self-driving cars, using AI to drive vehicles has become common. These AI-powered can detect objects on the way and avoid accidents better than humans in some cases.

3. AI voice assistants like Siri and Google

 

The help we get from voice assistants is all due to artificial intelligence. Whether taking a note or searching for a recipe, these assistants answering our beck and call have to be one of the most revolutionary applications of AI.

4. Facial recognition

 

All of us are familiar with AI-powered facial recognition software on our smartphones and laptops. It is one of the most widely used AI software which provides security to our personal devices. Many companies use facial recognition software for access control of employees.

5. Predictive search and recommendation

 

Predictive search technology anticipates the user’s search terms based on geolocation, previous searches and other factors. This is a standard feature on search engines, e-commerce websites, apps, and OTT platforms. These AI-powered technologies use a series of machine learning and NLP algorithms  and models to generate matches.

6. Car manufacturing

 

The use of AI in the automobile industry began in the twentieth century. AI in the workplace was first noticed predominantly in this sector, where robots began to execute tasks such as spray painting and welding. Today, robots perform significant chunks of jobs in car manufacturing. Some of these are designing cars, supply chain optimization and installing windscreens.

The future of AI

 

The future of artificial intelligence (robots) looks bright. In Tokyo, a café uses humanoid robots to serve guests. Real people operate these robots from remote places. These professionals include specially-abled workers who can stay at home and handle the bots. This is just one example of how AI has created job opportunities for people who would have otherwise had to search for jobs elsewhere.

Leading companies in the world have started investing in AI to increase productivity. Given below is a list of a few sectors which AI has impacted.

1. Finance

 

AI-powered ATMs are effective at forecasting demand and alerting banks to restock cash. This ensures resourceful cash flow and makes ATM utility more customer-centric. The BFSI sector also uses AI in other applications. Mention may be made of using NLP to understand customer behavior, personalize the customer experience and automated systems to detect fraud.

2. Travel and hospitality

 

Using AI in tourism and hospitality has created opportunities to enrich the end-user experience through personalized services, virtual assistance and user review analysis. From hotel staff assistance and intelligent chatbot services to back-office automation, AI and machine learning ensures resource optimization and enhanced productivity.

3. Cybersecurity

 

Artificial intelligence will be the key to detecting online threats in the future. Since AI can handle large volumes of data and predict fraud, it will be crucial to address cybersecurity concerns.

AI in the future workplaces

 

The increased mechanization of workplaces led to replacing human labor with efficient and effective automated processes. With AI taking up routine tasks, humans can focus more on job roles that demand creativity and critical thinking.

But the fear that AI will completely take over humans is not entirely true. While AI may dominate future workplaces, it will also create more jobs.

The demand for roles such as Data Scientists, AI Engineers and Digital Marketing Specialists will only shoot up. Humans can learn from AI how to work more efficiently. They can hone their creative and strategic skills in jobs which call for human attention.

We might see humans and AI working together in the future. Using deep learning to achieve augmented intelligence will be a common feature in the foreseeable future.

The coexistence will define the future of jobs.

But AI still needs to go a long way to simulate human intelligence accurately. AI systems work only as per their pre-programmed parameters. Variations in the input data can lead AI to become unresponsive.

An instance of the above occurs when you see the limitations of the recent AI model, ChatGPT. The AI fails to give accurate results when the user provides unique queries. For example, ChatGPT lacks subject depth in academic writing.

Job opportunities in AI

A degree in artificial intelligence and machine learning can be advantageous for your career. With the scope of AI increasing, the number of jobs will also grow simultaneously.

The demand for professionals who can design and develop AI systems is high. Courses in AI and machine learning impart several skills that industries can benefit from. A few of these skills are as follows:

• Programming skills using Python and Java
• Deep Learning
• Data Science
• Decision-making

Here’s a list of some of the jobs that you can look forward to after pursuing a course in AI:

• AI Engineer
• Machine Learning Engineer
• Data Scientist
• Application Developer
• Software Architect
• Software Engineer

Conclusion

AI is here to stay. The collaboration between humans and AI is going to create a plethora of career opportunities in the future. Visit Amity Online Career Services to learn about new job opportunities today!

You can also benefit by taking a course in artificial intelligence and machine learning. Amity University Online has just the right course for you. MCA with specialization in ML and AI covers the fundamental concepts of AI and ML. You will also build competencies in data science, deep learning, data mining and more. Head to Amity Online to learn more.