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A.I: The decimation of jobs or the dawn of new ones?

July 14, 2016 • Education, Gadgets and Gaming, Top Stories

Artificial Intelligence

A.I: The decimation of jobs or the dawn of new ones? (Image Source: rollingstone.com)

In an Artificial Intelligence future, those with high-end computing skills will not only survive, but thrive… This is according to Digital Skills Academy CEO and Founder, Paul Dunne.

“No industry – from farming to fintech – is immune to the changes being wrought by the new digital economy,” says Dunne.  And Artificial Intelligence (AI), once the stuff of sci-fi, is already making an impact in the digital world, he notes.

Gartner predicts that by 2018, 20 percent of business content will be authored by machines, more than 3 million workers globally will be supervised by a ‘robo-boss’ and 45 percent of the fastest-growing companies will have fewer employees than instances of smart machines.

By 2020, autonomous software agents outside of human control will participate in five percent of all economic transactions and smart agents will facilitate 40 percent of mobile interactions.

In this algorithmic and smart machine-driven world, people and machines must define harmonious relationships, says Gartner.

Echoing this view, Professor Thomas Hayes Davenport from the MIT Centre for Digital Business and author of ‘Only Humans Need Apply: Winners and Losers in the Age of Smart Machines’, says: “Anyone who is prepared to consider technology more as a colleague than a competitor, has a far greater chance of survival in the digital age.”

While AI presents opportunities for business, it also brings with it a very real threat to traditional jobs. Prominent thinkers, including Bill Gates and Stephen Hawking, have highlighted concerns over the wisdom of placing too much emphasis on AI-based cognitive technologies, in particular the threat they pose to long-term job security.

“It is likely we will see some job losses in the future: perhaps up to 10 percent of those working in areas that can be highly automated will lose out to machine learning,” Davenport says.

However, Davenport believes the trend towards automation will happen quite slowly and so any job losses caused by the current wave of technological advancement will happen over the next decade or so. “The kinds of cognitive technologies currently in existence can only replace tasks, not entire jobs,” he stresses.

Anyone with an appetite for learning should not fear the ramifications of life in the digital age, he says.  Those willing to embrace technology through further education will thrive in the age of AI robotics.

Digital Skills Academy believes individuals should be honing their IT skills to take advantage of the opportunities set to open up in an AI era.

“By adding new digital skills to existing staff in their business, organisations will not only be prepared for the increased levels of machine automation in the workplace but will have a workforce equipped to work alongside machines, helping to drive business growth and achieve significant competitive advantage,” says Dunne.

Digital Skills Academy programmes, according to the company,  develop talent with skills that are cutting-edge in the marketplace today. The one-year, online and part-time International BSc Degree programmes blend the most in-demand and current coding languages, the creativity of digital design and the innovation and entrepreneurial thinking of digital business. Accredited by Dublin Institute of Technology (DIT), the programmes are designed to rapidly enhance participants’ career prospects through a combination of online learning and real-world experience working in international cross-functional teams on live industry-assigned projects.

With the advent of increased AI robotics in the workplace, Digital Skills Academy provides a tangible solution for those looking to future-proof and advance their careers in the age of the robots.

Staff Writer

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