Session on how Automation and Artificial Intelligence (Robots) will be a concerning factor for the future of Work and Life. I will be explaining on all the factors and fundamentals of how Automation will have a great impact and influence in the future. As we know, a lot of recurring tasks and day today activities are being automated with or without our knowledge.
We have been moving to a world where everything is based on AI and Robotics. AI, or artificial intelligence, seems to be on the tip of everyone’s tongue these days. While I’ve been aware of this major trend in tech development for a while, I’ve noticed AI appearing more and more as one of the most in-demand areas of expertise for job seekers. Research giant PwC has predicted that AI will replace up to 40% of jobs by 2030, with the financial sector being the most vulnerable to automation. So, it pretty much looks as though the AI disruption is already happening.
In reality, AI is already at work all around us, impacting everything from our search results to our online dating prospects, to the way we shop. Data shows that the use of AI in many sectors of business has grown by 270% over the last four years. But what will AI mean for the future of work? As computers and technology have evolved, this has been one of the most pressing questions. As with many technological developments throughout history, the advancement of artificial intelligence has created fears that human workers will become obsolete. While AI has made major strides toward replicating the efficacy of human intelligence in executing certain tasks, there are still major limitations. In particular, AI programs are typically only capable of “specialized” intelligence, meaning they can solve only one problem, and execute only one task at a time. Often, they can be rigid, and unable to respond to any changes in input, or perform any “thinking” outside of their prescribed programming. Humans, however, possess “generalized intelligence,” with the kind of problem solving, abstract thinking and critical judgement that will continue to be important in business. Human judgement will be relevant, if not in every task, then certainly throughout every level across all sectors. AI Is becoming standard in all businesses, not just in the world of tech. A couple times recently, AI has come up in conversation with a client or an associate, and I’m noticing a fallacy in how people are thinking about it. There seems to be a sense for many that it is a phenomenon that is only likely to have big impacts in the tech world. According to the World Economic Forum’s “The Future of Jobs Report 2020”, AI is expected to replace 85 million jobs worldwide by 2025. Though that sounds scary, the report goes on to say that it will also create 97 million new jobs in that same time frame.
So, I will be explaining from the root of AI/Robotics to the verge it can have impact on our present jobs. I will also explain how we can stay competitive with the machines and in this AI
generated world. I will sort the entire seminar with real life job examples, so that it can be understood across all domain working professionals and staffs.
About ISBR: ISBR Business School, Bangalore-based, Top Class B School for PGDM or MBA, Consistently ranked as best B School in India, AICTE-CII Platinum Category, with multiple specializations.