Table of Contents
What are the implication of AI and automation on the future of work and employment?
As with past advances in automation, AI will lead to increased levels of productivity, specialization in job roles, and an increased importance of “human skills” like creativity, problem solving, and quantitative skills. Although AI will increase economic growth, these gains will not be evenly distributed.
What is the age of automation?
Are robots coming for your job? New York Times tech columnist Kevin Roose says companies and governments are increasingly using automation and artificial intelligence to cut costs, transform workplaces and eliminate jobs — and more changes are coming.
How do you think AI will impact the future of work?
Rather than promoting the obsolescence of human labor, the paper predicts that AI will continue to drive massive innovation that will fuel many existing industries and could have the potential to create many new sectors for growth, ultimately leading to the creation of more jobs.
How do you see AI affecting you in the future both at work and in everyday life?
While AI can help businesses work smarter and automate repetitive or mindless tasks, soft skills are more vital than ever before. AI allows employees to be more effective leaders, removing unnecessary tasks and giving them the opportunity for more productivity and creativity in their role day-to-day.
What is the impact of AI on the future of automation?
The advances in AI since the rise of deep learning can usher a new age of automation as machines go beyond human capabilities in a wide range of tasks. Machines can now perform the activities involved in these jobs better/cheaper than humans.
What is the next wave of AI development?
Simple computational tasks are automated, and analysis of structured data is conducted in the algorithm wave which we are currently in. The next phase is the augmentation wave. Automation of repeatable tasks and dynamic interaction with AI will be common in this period.
What percentage of jobs will be automated by 2030?
Based on McKinsey and PwC’s analysis, ~20\% of business activities can be automated using today’s technology. PwC estimates this automation wave to take place until late 2020s and that automation could reach 30\% of all existing jobs by mid 2030s.
What are the three phases of automation?
PwC divides this transformation of automation into three main phases: algorithm wave (to early 2020s), augmentation wave (to late 2020s), and autonomy wave (to mid-2030s). Simple computational tasks are automated, and analysis of structured data is conducted in the algorithm wave which we are currently in.