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KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

Start » Video: What impact will AI have on the future of work?
19 January 2024

Video: What impact will AI have on the future of work?

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Artificial intelligence (AI) will influence the future world of work in numerous ways.

Automation

AI and Robotic Process Automation (RPA) offer almost limitless possibilities for the automation of cognitive processes, which can lead to a significant increase in productivity, efficiency and customer satisfaction.[mfn]https://www.uipath.com/de/automation/ai-and-rpa[mfn]. AI can quickly and automatically analyse large volumes of data to support experts and specialists with difficult decisions on a data-driven basis.[mfn]https://www.digital.iao.fraunhofer.de/de/leistungen/KI/KIundAutomatisierung.html[mfn].

Job losses

There are fears that AI could replace jobs. A survey by Boston Consulting Group (BCG) found that 40% of respondents in Germany believe their jobs will no longer exist in the future due to AI.[mfn]https://www.spiegel.de/karriere/kuenstliche-intelligenz-auf-dem-arbeitsmarkt-beschaeftigte-fuerchten-jobverlust-durch-ki-a-452166c9-26c9-4805-a0f2-07e894292080[mfn]. A study by investment bank Goldman Sachs notes that AI could make 300 million full-time jobs redundant worldwide.[mfn]https://www.spiegel.de/karriere/kuenstliche-intelligenz-auf-dem-arbeitsmarkt-beschaeftigte-fuerchten-jobverlust-durch-ki-a-452166c9-26c9-4805-a0f2-07e894292080[mfn].

New professions

With the development of AI, new professions are also emerging. Examples include Data Analyst / Data Scientist, Digital Learning Manager, Online Marketing Manager: SEO, Robotics 4.0, and AI Manager.https://www.wbstraining.de/ratgeber/sechs-neue-berufe-mit-ki/[mfn]. There are also many opportunities for computer scientists who want to specialise in AI, such as Machine Learning Engineer, Deep Learning Engineer, Senior Data Scientist, Algorithm Developer and Junior Data Scientist.https://mindsquare.de/karriere-news/kuenstliche-intelligenz-diese-berufe-veraendern-die-welt/[mfn]

Retraining

The implementation of AI requires the recruitment of new talent and the further training of existing employeeshttps://www.professional-system.de/business/kuenstliche-intelligenz-in-unternehmen-potenzial-auswirkungen-und-mitarbeiterbedenken/[mfn]. Companies should analyse job roles and take a competency-based view of work in order to deploy staff in new roles or upskill them to take on other positions and tasks.https://www.professional-system.de/business/kuenstliche-intelligenz-in-unternehmen-potenzial-auswirkungen-und-mitarbeiterbedenken/[mfn].

In summary, AI will significantly change the employment landscape, but it will not necessarily lead to mass unemployment.1. There will be new professions and existing professions will change. It is important that employers and employees recognise and prepare for these changes in order to fully harness the potential of AI.

Sources and further links:

[mfn_list]

 

 

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written by:

Sanjay Sauldie (M.Sc.)

Keywords:

The Future of Work

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