Will "Artificial Intelligence" pose threat to new job opputunities?

 

 

 

As the average age of the world is declining, except India and china, in such situation organizations around the world will have to hire people from other labor markets or will have to outsource their project to countries with surplus human resource. Recently outsourcing has been the trend of companies to deal with such deficiency in human resource. But however insufficient number of competent human resource or political pressure would force the business organization to find alternate ways to sustain.

Just as,  in western countries  automation or semi-automated production lines in manufacturing sector was introduced  due to their own good reason like to deal with deficit number of labor availability. Similar adoption of production system was introduced in countries like India wherein labor supply was high, but due to poor trade union & employer relation, which later resulted in rise of unemployment to skilled labors in India.

Similarly in the run to find alternate ways to sustain business due to unavailability of competent human resource in service sector has given rise to introduction of artificial intelligence services (AI’s)

Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using the rules to reach approximate or definite conclusions), and self-correction. Particular applications of AI include expert systems, speech recognition and machine vision.

Recently driver less car, which uses artificial intelligence, replacing intelligence of human driver were seen successful in their test operations. And it won’t be late that in next 4-5 years we can expect such cars running in our roads.   

One of the major jobs which is trending high and has recently seen an increase demand in such job openings in service sector is the “job of business analyst” ( include-financial analyst, market analyst etc.)  Is the one which is going to be affected with the introduction artificial intelligence. Therefore I argue that job opportunities for business analyst would be limited in the long run.

This is because the role of business analyst include long procedure from sourcing to interpreting the data collected but however in this era where we have system which automatically collect and interpret the data, sourcing is the only difficult job as such.

Secondly the internet service providers extract and saves all our information in big data plants, and will serve as provider of information such as our taste & preference etc. for commercial purpose to companies who is in need of such information. The term cyber security & privacy is only limited to the fact that internet providers can’t reveal one’s personal details such as bank pin number etc.  But that doesn’t restrict them to share our other information to companies for commercial purpose.

The role of the analyst is often disconnected from the day-to-day machinations of the business and market, because the career path for an analyst doesn’t generally include several years in the frontline sales, marketing, operations and finance roles that give people the experience, context and perspective to generate actionable insights from data. And while current human analysts may be sourcing, organizing, grouping and mapping data to search for underlying trends and patterns, these are all tasks that can now be effectively undertaken by an AI. Now only time will show the intensity and what more areas will  be affected in coming years with introduction of artificial intelligence.

- Francis Lazar.