The combination of Artificial Intelligence and Robotics will replace up to 7 million jobs between 2017 and 2037. Robots are stealing jobs. However, this will lead to a reduction in costs. They could generate 7.2 million jobs. This is the net gain of 200,000 jobs. According to accountancy firm PwC. Jobs in health, scientific and technical services and hospitality are expected to extend. While in manufacturing, transport, and storage, and public administration will decrease. Automation seems to be less disruptive.
In 2013, a study from the University of Oxford advised that around half of jobs within the United States and a third in the UK were at “high risk” of automation. This has been revised. In April, the OECD said that the figures are more likely to be 10 percent in the US and 12 percent in the UK.
Artificial Intelligence Create More Jobs
Gartner said that the robots are here to give us a promotion not take away jobs. By 2020, AI will generate 2.3 million jobs, exceeding 1.8 million. It’ll take away, research firm Gartner said during a report. The public sector, healthcare, and education are expected to benefit the most. Producing and Transportation is also the hit the toughest, the company said. Robots will replace human workers.
In the following five years to 2025, net new jobs created in relation to AI will reach 2 million. A number of jobs affected can vary from trade to trade. The public sector, healthcare, and education are expected to gain the most jobs. “Robots are not here to take away our jobs, they’re here to give us a promotion – I think that’s the way we should start looking at AI,” Bhat told on Tuesday. Also read ethical issues in ethical issues in artificial intelligence
Robotics Will Create More Jobs
“IT leaders should not only focus on the projected web increase of jobs. For the greatest value, focus on augmenting people with AI. Enrich people’s jobs, reimagine recent tasks and build new industries. Transform your culture to make it rapidly adaptable to AI-related opportunities or threats,” the report said.
Many of the students are fearing of jobs getting wiped out with Artificial Intelligence (AI). Research firm Gartner said more jobs will be created than lost. The firm says 1.8 million jobs are going to be eliminated by 2020, but 2.3 million new jobs will be created by then. 2020 will be the important year in AI-related employment dynamics. According to Gartner, AI will become a positive job motivator. The number of jobs stricken by AI can vary by trade through 2019, health care, the public sector, and education. AI improves the productivity of the various jobs, eliminating several middles- and low-level position. This also creates millions of more new positions with highly skilled, management and even the entry-level and low-skilled variety. AI augmentation generates $2.9 trillion in business value and recovers 6.2 billion hours of worker productivity by 2021.