10 Ways AI Technology is Impacting the Job Market

AI Technology is not the future now because it is present now and most of us are already using AI applications for most of our work done fast.

Most of you might be using Alexa and Google Assistant, a product of AI applications that uses data to recommend the best things for you.

But the problem arises when these AI applications take the jobs of common workers in the industry which can be problematic and already affecting millions of jobs worldwide.

1. Automation of Repetitive Tasks

There are many automation works that AI is already undertaking such as assembly lines and office data entry.

These repetitive tasks are easily done by AI applications which are more accurate than humans. That’s why most businesses are adopting AI rather than humans.

This also has advantages such as humans will have more time to do creative things and increase their productivity in other works.

2. Creation of New Jobs

AI is a blessing if used properly and for the benefit of humans and nature. AI not only replaces jobs but also creates new jobs such as AI and ML engineers.

Some Industries like Healthcare are using AI technology and its innovation for quick diagnoses for which AI engineers are needed to operate the applications. This way more jobs will be created in different fields.

3. Changing Skill Requirements

With the growing AI technology, the value of skilled labor or professionals is also increasing so the professionals must upskill them with related technologies.

Many companies have already started to train their employees about the latest technology; some are suggesting the best courses to learn and adopt the technology.

There are many courses available online to enhance your skills and some of the online platforms are Udemy, LinkedIn Learning, and Coursera.

4. Improve Productivity

AI tools are helping many companies become more productive and help them analyze large amounts of data in seconds so that the companies can make good decisions and improve their operations in the future.

There are many AI-powered software available that help many businesses manage their emails, and meetings and optimize operations.

5. AI in Recruitment

AI is transforming every department in companies, one such is the HR Department, AI tools are widely used to filter out the best resumes and schedule interviews on time.

The AI tools help the HR team save time and filter out the best resume that is suitable for the role.

6. Impact on the Gig Economy

Did you know that Gig companies such as Uber, Zomato, and Swiggy use AI to find the best route for faster delivery and save time?

AI has a main role in the rapid growth of the gig economy. With AI in gig companies can help delivery agents work faster and earn more.

7. AI in Customer Service

If you have used any websites online you might have come across chatbots or virtual assistants, these are AI-powered bots that help companies serve their customers better.

These AI chatbots get basic information from customers and send it to the service team which requires human interactions if the query is complicated or needs human interactions.

8. AI in Healthcare

AI technology especially in the field of healthcare is booming because AI can diagnose diseases and suggest the best possible treatment for them.

AI-powered robots can perform surgeries and these trends will create a lot of jobs for machine operators, AI engineers, and others.

9. Remote Work and AI Collaboration

Most remote work is possible only because of AI-powered applications as it can track the activities of employees, help them remember important meetings, and track project progress.

Video calling tools like Zoom, and Google Meet use AI to improve the video and audio quality and help the remote team stay connected

10. Ethical and Legal Challenges

AI is making life easier for sure but challenges like Privacy are still a subject to worry about. Government agencies and private organizations are working together to create policies that eliminate discrimination.

Sometimes right resumes get rejected because of the errors in the AI applications which affects the companies as well as the right candidate.

Conclusion

AI is impacting the job market. Some jobs will disappear and some new jobs will be created because of AI technology.

It is important to learn about AI and upskill ourselves with the latest technology so that it becomes easier for us to adapt the AI technology.

As time changes, people will change, the environment will change and technology will also change so it’s important to adapt different skills to go with the flow.

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