Automation AI and jobs these words are coming in our daily communication at workplaces. What’s automation & AI? What will be impact on jobs? Will machines steal away man’s jobs? Lets understand what this new development exactly is.
Automation AI are no longer abstract concepts but a reality. Companies started implementing newer technology to improve efficiency and to increase productivity . This brought in tremendous cost reduction in processes and manpower. The digital era is changing the business models and nature of jobs. Our current workforce’s skill sets will be not useful for future service demand. Companies are seeing greater shift in requirement of skills. For eg : block chain, artificial intelligence, data science, machine learning, content marketing/ SEO, natural language processing, cyber-security etc., need workforce who can work with intelligent machines or can create them. Creating intelligent machines is a human job and these technologies will change scenario of global competition, market share, wealth generation and employment.
Already the warning bells in job markets are ringing. According to a World Bank Development Report, by 2033, automation will put 47% of current US jobs at risk. Corresponding figures for other nations are 77% for China, 69% for India and 65% for Argentina.
Autonomous cars, smart technologies at home ( Fridge, CCTV, TV, Kitchen ) will result in direct job losses of drivers, technicians, traffic police, security guards, cleaners & cooks. This will impact consumption patterns and smaller things will get affected due to high level of automation.
There is one more school of thought. Why to train the unemployed and under employed for 85% of the jobs that will stabilize in 2030? The other problem, as the World Economic Forum (WEF) has pointed out, is that the number of new jobs created will not be the same as those lost. The forecast is worrisome. According to a 2016 WEF report titled, ‘The Future of Jobs: Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution’, of the 7.1 million jobs that will be displaced by 2020, only 2.1 million will be created. Labour intensive industries will become the first targets of automation compare to other sectors.
Job seekers have tough time ahead …Its DO or DIE situation. They need to up skill themselves to survive in job market. Their competition is with intelligent machines which are created by Man.
The solution for this is constant learning and adding agility in behaviour to become adaptable to changing circumstances and environments. Also become literate in the use of technology.