AI will transform the way we work, is a known fact. ‘How will that happen,’ is a subject of numerous debates. While the demand for skilled AI professionals is on the rise, the blurry picture of available talent pool is widening the gap between demand and supply.

The myth ‘AI is coming for our jobs’ floating in the corporate world is a hindrance in AI adoption.

However, the research says something else.

According to a survey by Dun & Bradstreet about 40% of organizations are adding more jobs as a result of bringing AI into their business.

The survey that was conducted on 100 business executives from Global 2000 organizations, who are working in AI and machine learning, reported that

· There were just 8% of respondents who revealed that their organizations were cutting the jobs post AI implementation

· About 34% of respondents revealed that job demand in their organization was same regardless of AI implementation

· About 18% of respondents believed that AI has not impacted their workforce at all

And if this is not enough to allay the fears, here’s something more to ponder on…

With artificial intelligence taking over our jobs, it will be a blessing in disguise, as it will increase efficiency and reduce the cost. Think about it — with the automation of routine tasks, we the humans will be free to do something more creative and think beyond data.

It is important to understand here that it is the responsibility of the CTOs and CEOs to ensure the workforce that artificial intelligence is not meant to displace jobs but to redefine them.

The Other Side of a Coin … New Jobs On the Horizon!

As there is always a second side to any situation. Here’s the other side to artificial intelligence, which is that AI will only streamline the current jobs and workforce will have to retrain, upscale and learn new skills to stay employable in the AI-enabled work place.

World over studies prove this…

Various studies have revealed that the management need not fear about losing jobs to AI. In fact, AI will only make those jobs more strategic.

McKinsey, for instance, in its separate study concluded that the proportion of work that will be displaced by 2030 is expected to be lower due to technical, economic and social factors that affect AI adoption.

A similar report from PwC stated that about 30% of the existing jobs in the UK are vulnerable to automation from robotics and artificial intelligence by the early 2030s. However, it also stated that the chances of jobs disappearing were lower as compared to the changed nature of the existing jobs.

Validating the above two reports was the report from the World Economic Forum, which concluded that no doubt the machines will take over numerous jobs from us (humans), however, this ‘Robot Revolution’ will create 58 million more new jobs in the coming five years.

According to a report by PwC, if AI will displace around 7 million jobs then roughly around 7.2 million jobs will be created as well.