Can artificial intelligence create more jobs?
Apr 22, 2021

Reading time 3 min.

Artificial intelligence … creates jobs? I admit it is far more usual to hear apocalyptic predictions that AI will destroy jobs. Is that true?

Robots, we are told, are going to take over the world, taking away most jobs as we know them. And yes, it is true that automation will make some jobs disappear. AI is also now intelligent enough that we will probably see a greater range of jobs change than we have ever seen before. This is likely to include some professional jobs that have always been “safe” from automation in the past. We are already seeing the beginning of this with online financial advice, translators, drivers, etc.

However, the reality is that the job market is constantly changing. Just think about data scientists. A few years ago, this was a niche position. Now, though, data scientists are hot properties, and “machine learning engineer” is the fastest-growing position in the job market.

Process of value creation faster than ever before

The reality is that technology has always created value. AI is not likely to be different. A report from the World Economic Forum on the future of jobs suggests that AI is likely to destroy around 75 million jobs by 2022. The report uses the word “displace,” but we know what it means. However, by the same date, AI is expected to have created 133 million new jobs – almost double the number “displaced.” Research from the consultancy firm PwC is more modest, but still suggests that AI will create at least as many jobs as it destroys.

PwC’s analysis, however, suggests that the impact could be greater than the raw figures suggest. This is because AI will have different effects on different industries. For example, it is expected to be a net creator of jobs in the health sector. In manufacturing and transportation, however, AI is expected to remove about 20% to 25% of jobs. PwC does not expect any major change in admin and support services, and retail is likely to see only a small loss of jobs, around 2% to 3%.

The reality is that technology has always created value. AI is not likely to be different. A report from the World Economic Forum on the future of jobs suggests that AI is likely to destroy around 75 million jobs by 2022.

The impact will also vary for those with different skills. The early impact of automation was very much on lower-paid and manual work. I have very little doubt that the coming of AI will favour those with digital skills, who are able to work in partnership with both humans and machines. Those are the skills that machines find it hardest to replicate.

New jobs at all levels (but also new organisations and new processes)

This does not, however, mean that there will be no entry-level, minimum-wage jobs in the future. Rowan Trollope describes, quite humorously, new jobs at all levels, from entry-level through midcareer to senior posts. Entry-level jobs are likely to be based on the requirement to “sort out robots that got it wrong” or “robot paramedic” work. At midcareer level, the jobs available are more likely to be service-based – but services for AI and virtual reality-based systems.

At a more professional or senior level, where we expect most of the new jobs to appear, jobs are likely to focus on understanding and interpreting AI and navigating the interface between human and machine. For example, one of the biggest issues with AI is to ensure that its decisions are rational, transparent and justifiable. Organizations will need to work how an AI-based system has made a decision, then explain it to the regulatory authority in case of “data leakage breach” or “security breach.” This could be as simple as trying to work out how a driverless car decided which way to swerve to avoid an accident, but could get extremely complicated for financial or network configuration decisions.

What does all that mean for communication service providers, CTOs and CIOs?

In many countries, a lot of subscribers move around. Either they travel on the weekends or holidays, or you have a lot of visiting tourists during certain times of the year. During these times, especially in the EU after roaming tariffs have been abolished, our network needs to adapt to a different kind of behaviour. With limited teams and manual resources, daily optimisation changes are not brought into the equation. The result is that organizations design networks for one kind of usage. The best take some seasonality into account while ignoring daily fluctuations.

But what if you could let your (cloud-based) virtual machines run the algorithms? What if they could then decide on the optimal parameter settings for the network every day? Or what if you could run a few hundreds of different network planning scenarios to help optimise the planning and deployment of fibre and 4/5G networks and get the ROI of Capex savings of 10%?

There is no question that the world of work will change as AI becomes more ubiquitous. However, we can also see this change as no more than part of the ongoing evolution of work that continues to take us from an agricultural past to a technological future. The original 1960s sci-fi series Star Trek guessed correctly about many things that are possible today (universal translators, VR, wireless and video calls, etc.). But I truly believe that is not the case with The Terminator movie. It will be interesting to see which current jobs go the way of milkmaids, and which our grandchildren will still recognise.


Leave your comments / questions for this practitioner

To write a comment please
or
Services
Category filter
Concern filter
Type filter
Sort
 

All categories

Wellness Coaching
$20 USD
consultation
50 & Beyond Health & Wellbeing Discovery Session

Join me for a comprehensive look into what it will take to stay physically and mentally strong as you move through the second half of your life.

We all want to age without the fear of suffering from a chronic illness and still have the energy and strength to live the life we want.

The number one reason people fail to stay healthy as they age is the inability to consistently follow the right habits and behaviours for health transformation.

Through working with 1000's of clients over the last 20 years, I have been able to develop a coaching program that not only looks at nutrition, exercise, sleep and stress management but also how to develop the right mindset needed to succeed.

Having a plan is not as important as having the ability to implement it.

If you are someone who struggles to follow healthy habits consistently. Or you are someone who wants to learn more about what they need to do personally to avoid chronic illness. Then my 30-minute Discovery Session is ideal for you.

From the 30 minutes we spend together, we will go through in specific detail what it is you can do today when it comes to what to eat, how to get the most from exercise, how to develop a powerful sleep routine and how to build a healthy environment needed to live a healthy life.

And with over 20 years of coaching experience in the health & wellness industry, I have witnessed firsthand what it takes to consistently follow the right habits and behaviours for lasting change.

Expect to hear things that will challenge what you have always been told about nutrition, exercise, sleep and stress management. As someone who is over 50 and is stronger, fitter and healthier than I was in my 20s, 30s, & 40s, I am well-placed to know what works and doesn't as we move through this period of our lives.

Chris Deavin
Cognitive Psychology
$99 USD
consultation
Check Your Vibes! Find out how much Positive and Negative energy you have!

The Energy Leadership™ Index (ELI) assessment is the proprietary, research-backed assessment tool, created by iPEC, that takes something abstract, like the way a person views the world, and turns it into something tangible—a metric that you can see and feel and even reevaluate in the future.

You’ve probably taken personality tests, like Myers Briggs, DiSC, and Enneagram, but this is different. And transformational.

The ELI is an attitudinal assessment tool that captures how an individual currently perceives and approaches work and life. This means that you learn to make change happen in real-time when you encounter a moment of self-doubt, fear, or frustration.

With the awareness and insights gained through the Energy Leadership Index debrief, you have the opportunity to reshape your attitudes and worldview and transform your life into the one you envision.

Our worldview is the result of a combination of many different aspects: our past experiences, level of consciousness, perception of situations. Each of us has a unique combination of all seven levels of energy which, in turn, creates your typical viewpoints, perceptions, and beliefs about life.

Learning about your energetic makeup can help you to reframe your perspective, shift your consciousness, and increase your energy level as a result. Discover your unique energetic makeup by taking an ELI Assessment!

This comes with an hour debrief - As an FYI the price is what it is because there is a price to me- I have to pay the institution for the assessment and the scoring. Then I'll walk you thorugh your results.

David Jacks
Emotional Stress Release
$80 USD
healing session
Oxygen to the rescue! Great for Mental Health, Brain Injury, Detox, inflammation

Hyperbaric Oxygen Chambers are one of the oldest and safest treatments available. Oxygen detoxifies and heals. I was introduced to Hyperbaric Oxygen Chambers (HBOC) by Dr. Amen, a world reknown Psychiatrist. Oxygen is great for ADD, Mood Disorders, Trauma, Insomnia, Brain injuries, Wound healing and Inflammation.

This is from Dr. Amen's Clinic: "If you are struggling with a mental health condition, recovering from a concussion or traumatic brain injury (TBI), or dealing with cognitive or memory problems, hyperbaric oxygen therapy may be for you. People all over the world have reported recovering from a variety of conditions and experiencing dramatic improvements with this type of popular therapy."

Most people will feel a difference off of one treatment, especially if you typically have trouble sleeping. You will sleep like a rock.

David Jacks
Bach flower therapy
$35 USD
consultation
BACH FLOWER STANDALONE BOTTLE SERVICE

**This type of service is ONLY for clients who already know the remedies they want to take.

The standalone treatment bottle service is offered to US residents only .**

Iose Cocuzza, NC, CGP, BFRP

Related Articles

View All
Registered individuals enjoy all the possibilities of Core Spirit.