Disruptive innovation and technology have caused some traditional jobs to disappear. Skills and competencies rather than degrees will determine the future, according to Union Education Minister Dharmendra Pradhan. Before a meeting of the G20 Education Working Group, Mr. Pradhan was speaking at a conference. God-given human intelligence and Artificial Intelligence (AI) would be in ongoing competition, he said in the keynote presentation at the conference. The topic of the conference is "Deep Tech with a Focus on Advanced Technology in the Future of Work" about technology and employability.
Disruptive innovation and technology are destroying traditional jobs. Although there are more jobs accessible, our labor still has to keep honing their skills. To prepare young people for the workforce of the future, we have to consider new strategies.
The majority of people view this as nothing but the cost of development. Older technology and the jobs it provided will disappear with the introduction of new technology. What is sometimes forgotten is that new technology, no matter what it may be, often creates new jobs for people. They must have the knowledge and abilities to take up the available opportunities.
The most bizarre aspect of this AI-inspired transition is that, despite the reality that almost nobody contests that it is now underway, some people believe that what AI is today is all that AI will ever be. Today's AI is little more than "a powerful method of statistical analysis," despite being stunning.
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Because jobs often remain in existence. Instead, automation and AI will lead to the evolution of job roles and improve the efficiency of human labor. Thus, businesses will prosper, assisting economies in expanding and raising wages, which in turn boosts consumer spending and further growth.
Even in cases when jobs do disappear, automation and AI will create opportunities that will result in new job openings. Many of these employees will be in brand-new sectors or companies formed as a direct result of the use of AI!
The fact that a travel agent is still a job in 2030 is astonishing. Given that you can do this online, why would anyone do it? The impact of COVID-19 on the travel industry is long-lasting. Thus we can say that travel companies will decide to drop human interaction sooner rather than later. Chatbot Systems are growing more sophisticated all the time.
We seldom, if ever, visit the bank nowadays unless it is necessary. Aside from that, we use our Smartphones to check our balance. Without having to in person fill out a form with their information, even the people on our payroll have money transferred to their accounts. You visit an ATM if you need to withdraw money. Most banks in the world allow you to open an account online, and only if your needs call for a particular service might you need to meet in person. Even then, you might be ready to complete the process using a video chat.
All the farm labor moved to the factories as the Industrial Revolution began. making the tools that would ease our lives by hand. These same individuals can do the task of creating machines that produce more devices that would replace the need for humans as technology advances.
If a pay increase does occur, all those who are now working in low-wage, unskilled occupations will be the first to suffer. Fast food jobs are most likely the simplest to automate out of the list, and to be truthful, it would have happened anyhow, but businesses delayed doing it because they had no incentive to change what was already working well. But, with all the protests, the government may at last cave in, and at that point, the wave of automation will take over.
Have you experienced that telemarketers are becoming less and less prevalent? Targeted advertisements have ruled their whole business and are there on all your devices and the internet. These advertisements are based on the data the internet companies have obtained from your use of their platforms. Facebook builds a unique profile for each user using the information it has about the items you enjoy, click on, or share. Combine them and market them to other businesses. Telemarketers are no longer necessary since ads grow smarter as they learn more and more about you.
The jobs that may vanish all have a variety of similar traits:
What About The Owners, Then?
While workers in the economy of today get paid for their efforts, genuine wealth often gets amassed by business and Technology owners. Businesses consider computers and AI to be commodities that one can buy and sell. Because they are uncompensated, it may reduce costs and boost production. What would happen, if taken to the next level, if AI grew into AGI and that AGI then brought about the capacity for a computer to understand its situation and push back, requesting payment for its contributions?
It is hard to imagine a time when robots do everything of this sort, from plumbing and electrical work to gardening. It is possible that certain things, like construction projects, will start to resemble automobile assembly lines with more machines than people. Even yet, procedures will still be planned and managed by humans.
It is uncertain that positions like system analysts will disappear. Sure, a systems analyst position might become an add-on to another person's work if it doesn't need full-time attention. But there remains a place for this discipline, in particular in large corporations.
We are a long way from having machines represent or question us in court, despite knowing that legal research and case research will become more and more automated. We can automate the majority of a contract workflow but not all. But rather than only depending on data and algorithms, you still need the human aspect to develop arguments, create social connections during the negotiation stage, and uncover subtleties in the data.
Technology is growing more and more important in the healthcare industry. If you are anything like me, be a little surprised when your doctor seeks your symptoms. That only begins to touch the surface of how technology is useful for the profession.
Alongside cooperating with people, automation, and AI can give life-saving care. But, both diagnosis and therapy will always need a human touch.
Conclusion
This situation is not going to alter much soon, even though the amount and complexity of the datasets that fuel AI will continue to increase. Also, the demand for professions connected to AI will continue to soar. But according to many, Artificial Intelligence (AI) will give way to artificial general intelligence (AGI) within the next ten years. It will allow intelligent entities like robots to mimic human contextual knowledge.
Even the third meeting of the G20 Education Working Group has Priority topics for discussion including foundation literacy and numeracy. It is around tech-enabled learning, the future of employment, and research collaboration.
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