The potential of artificial intelligence (AI) to transform the global economy is astounding. According to PwC, its impact could be worth up to $15 trillion by 2030 and a study from the World Economic Forum believes that 97 million new jobs may be created by 2025 due to collaborations between humans, machines, and algorithms. Conversely, Goldman Sachs predicts that AI tools could replace up to 300 million full-time jobs and could affect 80% of existing job roles. Most concerning, this shift may disproportionately impact people with college educations, who will feel the greatest impact. However, while the picture might sound grim, there is also a wealth of opportunity to be explored.
New jobs will arise in AI-related fields and those required to facilitate their implementation. AI-powered drones are being used to deliver medication to those in need; robots are providing data and labor support in medical settings; and AI is being employed to restore coral reefs amidst climate changes. Additionally, individuals with specialized skills involving augmented reality and robotics engineering, machine management, and AI engineering are in particular demand.
AI has already been implemented in day-to-day activities. For instance, the AI-powered ChatGPT has been used to quickly comprehend written formats such as reports or meetings notes. It has also been employed as a research tool and can analyze data, translate text, or documents. Moreover, those employed by Samsung’s semiconductor business have been able to use the chatbot to optimize their lines of codes.
On another end of the spectrum, larger corporations are already using predictive attrition AI tools to analyze which employees are most likely to depart with the company. For example, IBM claims their Watson supercomputer is 95% accurate in predicting these rates and Microsoft has revealed their plans to integrate next-generation AI into their Microsoft 365 apps and data. Such a move could be stressful to those facing the risk of layoffs.
Thankfully, there are ways for workers to take control and proactively seek out career opportunities in their industry. The Venturebeat Job Board is a great platform to kickstart this search. At the time of writing, there are open roles for a Senior ServiceNow Developer at IFC, a Technology Risk Manager at EY in New York, and a Senior Staff Cyber Security Engineer with GE Aviation.
In summary, the integration of AI into work roles has both pros and cons. While it can make certain parts of existing jobs faster and easier, it may also cost people their roles. However, with the right attitude and willingness to adopt new skillsets, the alteration of the workplace can be seen as an opportunity to grow and make a difference in industries that are now beginning to embrace AI.
