A new notion has come along with the invasion of artificial intelligence (AI). It is believed that AI will risk our jobs with its rapid adoption by companies, industries, government organizations, etc. One example is that of the self-driven cars, which are the new face of the automotive+AI revolution. Built with the close collaboration of sensors, navigation, and a lot of other technologies and forerun by AI, autonomous cars have the capability of removing chauffeur/driver jobs in the future.

So is the world going to face a wave of unemployment and get replaced by robotic machinery in every sector? We will discuss it in detail.

The power of AI to overthrow human involvement:

The panic is flowing across every sector as AI is getting adopted as an effective and accurate solution when compared to the error-prone human works. This point of discussion has gained the attention of many people and organizations. As such, there are various reports and findings that AI will be eliminating a lot of jobs worldwide.

A recent finding by McKinsey Global Institute suggests that clerical jobs are under threat of replacement by automation. It points that more than 25% of the workers in the US counties might face job displacement.

According to Oxford Economics, over 20 million manufacturing jobs will be displaced by robots by the year 2030.

With the rapid speed of technological evolution, there is a good chance that the world might get transformed into some scenarios picturized in AI movies like Transformers, The Matrix, etc. But this change will not happen within a fortnight and might take more than a decade or longer period for AI to spread its root over human need successfully.

How can AI not hamper jobs?

Also, with all these possibilities, AI can’t wholly transform human efficiency since machine power can’t take over the brainpower. Even with higher accuracy and assistance of robotics and several other technologies, AI is a tad bit faulty method. Let’s take the example of the AI chatbots that are getting popularity over the traditional telephonic conversation to resolve the query or entertain customer feedback.

No matter how much the AI chatbots are convenient on today’s date, there are certain limitations of every machine that even AI systems can’t escape. There is the example of Microsoft’s Tay that tweeted a racist sentence which, of course, was later deleted: “We’re going to build a wall, and Mexico is going to pay for it.” It clearly shows bots are limited in their knowledge which comes as a failure just as in the case of Tay.

Some surveys show that AI incorporation in businesses was not entirely successful. Recently, International Data Corporation (IDC) highlights that globally, 25% of the organizations using Artificial intelligence (AI) stated that they faced a 50% failure rate. With such a huge percentile of failure rates, there is a clear understanding that AI is in its initial stage and requires more advanced and better technology collaboration to overturn the entire situation. And this process will take a longer period so that AI can collaborate and coordinate and interact without any failure.

The conclusion to this discussion is very simple – although AI is a very powerful concept in today’s era and benefiting a lot of individuals as well as collective lives, it fails at a certain point. The AI revolution might take away some jobs, but Artificial intelligence (AI) implementation and its failure necessitate human interference in it. On this note, the World Economic Forum also projected that automation would certainly take away over 75 million jobs, but it will also make scope for 133 million new jobs by 2022. So, it highlights that the positive impact of AI invasion is higher in reach than the negative one.