7 Impacts of AI on jobs: 2025 Future of Work Outlook?

The world Economic Forum in a report stated that “85 million jobs will be replaced by machines with AI by the year 2025”. Similarly, the same report envisioned that “97 million new jobs will be created by 2025 due to AI”. If this report is saying anything, it is the fact that AI is the future. This calls for an urgent need to understand the impact of AI on jobs.

What is Artificial Intelligence (AI)?

Abbreviation for Artificial Intelligence, AI “is the simulation of human intelligence processes by machines, especially computer systems” (techtarget.com). This Means that computerized machines are capable of thinking, acting like humans e.g. Robots. 

The world recently has witnessed massive growth in technology, which has changed human life. For almost everything that man does in his day-to-day activities, there are smarter ways to do them. From communicating to learning, to meet, and on the radar for the sake of this piece, earning a living. Man has experienced massive change in the job industry. Ranging from the way vacancies are announced, to the way people apply, to the selection process, even to how the roles are carried out after securing the employment.

what does this translate to?

Most ‘white-collar’ jobs are those that have had no choice but to succumb to AI and the experience it brings. Banking, Finances, Office Assistants, Dispatches, Drivers, Travel Agents, and several roles in the Tech Industry have started feeling the impact of AI in their respective industries. Banks now have a self-service alternative that allows customers to carry out transactions without necessarily physically come in contact with the Bank or its staff.

People no longer have to risk accidents by traveling long distances for job interviews. Interviews and meetings are now held through Technology-assisted media. Heck, even after getting the job, staff do not necessarily have to be physically present in the office to be productive. Depending on the roles they play, people now work comfortably from home and there isn’t clash of interest between the staff and company. These are all possible because of the impacts of AI on jobs.

The Impacts of jobs on AI

The Dynamics of AI is that, with all these changes come, unfortunately, massive loss of jobs and simultaneously, massive creation of jobs (look at the opening paragraph). Only AI is capable of doing that. For every human role that these computerized machines take away, it provides room for another job role. 

What are the impacts of AI on jobs?

The impacts of AI on jobs are both positive and negative alike. So, in no particular order, some are;

#1. Job loss

Top on the list of the effects of AI is that a lot of people have lost their jobs, and more are likely to do the same, especially redundant staff, those that are not ready to move with the tide.

#2. Creation of new roles

As AI takes away jobs with one hand, it gives new roles with the other. This means that AI does not take away means of livelihood. Rather, it changes the means of livelihood. As the Bank Teller loses his/her job due to the introduction of a Mobile App, for example, a new role is also opened as an App developer.

#3. Reduction in Human error

The output of the computerized machines that replace Humans is almost error-free as they are usually configured to work in a pattern. Unlike Human that is likely to go wrong once in a while due to several factors.

#4. Always available

These machines don’t need to go on leave of any form. So, they are always ready to hit the ground running. Humans on the other hand always need time to rest and re-gas.

#5. High cost of creation and maintenance

Of course, a machine that threatens the continual employment of humans is not cheap to come by. Even after the acquisition, it requires maintenance as at when due. All these require a lot of money to come by.

#6. Fast results

With machines, you are sure to get quick results. Sometimes, even faster than what you can get from the human.

#7. Does not think out-of-the-box

The configuration of the machine limits its functionality to the instructions it has been commanded to carry out. This is so because it works strictly as instructed and does not follow the rule of discretion.

With all the challenges associated with AI, it sure has improved efficiencies in the workplace and stepped up for humans. It is the future of virtually every industry except for roles like Writers, Lawyers, Psychiatrists, Event Planners, Scientists amongst others that may be difficult for the machine to replace.

It is therefore important to up-skill as you carry out your professional activities on your desk. This is necessary because you don’t want to become redundant and face the likelihood of losing your place in the office.

Register for up-skilling events that are relevant to your field, take courses that will improve your knowledge and performance, let continuous learning be your watchword, and remember, a stitch in time saves nine.

What is Artificial Intelligence (AI)?

AI “is the simulation of human intelligence processes by machines, especially computer systems” Meaning computerized machines can be able to think, act like humans e.g. Robots. 

What are the impact of AI on jobs?

#1. Job loss

Top on the list of the effects of AI is that a lot of people have lost their jobs, and more are likely to do the same, especially redundant staff, those that are not ready to move with the tide.

#2. Creation of new roles

As AI takes away jobs with one hand, it gives new roles with the other. This means that AI does not take away means of livelihood. Rather, it changes the means of livelihood. As the Bank Teller loses his/her job due to the introduction of a Mobile App, for example, a new role is also opened as an App developer.

#3. Reduction in Human error

The output of the computerized machines that replace Humans is almost error-free as they are usually configured to work in a pattern. Unlike Human that is likely to go wrong once in a while due to several factors.

#4. Always available

These machines don’t need to go on leave of any form. So, they are always ready to hit the ground running. Humans on the other hand always need time to rest and re-gas.

#5. High cost of creation and maintenance

Of course, a machine that threatens the continual employment of humans is not cheap to come by. Even after the acquisition, it requires maintenance as at when due. All these require a lot of money to come by.

#6. Fast results

With machines, you are sure to get quick results. Sometimes, faster results than what you can get from the human.

#7. Does not think out-of-the-box

The configuration of the machine limits its functionality to the instructions it has been commanded to carry out. It works strictly as instructed and does not follow the rule of discretion.

Leave a Comment

Your email address will not be published.

Do you want to get your

next job faster?

Hey, at YIEE we provide suitable jobs for youths in Africa. Want to start your journey with us?

Share via
Copy link
Powered by Social Snap