21 Dec Artificial Intelligence and the #FutureOfWork
This year has seen an incredible advancement in technological capabilities. Particularly in the field of automation and its position in the workplace. For many, automation brings uncertainty. As many as 375 million workers around the world may need to change their occupation and learn new skills.
Looking to history, we have seen a substantial shift in society. The Industrial, digital and technological revolutions have all shaped the way we live and work. Whilst these moments in time have increased productivity, convenience, safety and improved our lives, they have also created challenges.
For many, the idea of artificial intelligence has been welcomed with opened arms. Driverless cars, machines that read X-rays algorithm and super-quick response times to customer service-enquiries, just to name a few. Whilst for others, it comes with grave concerns, what if these machines learn and grow so fast, we are all out of a job?
Only recently Elon Musk called for regulation of AI as he believes it is developing at such a rapid rate, he said, “Public risks require public oversight.” This concern has been laughed off by the likes of Mark Zuckerberg who argued AI is in a premature stage of development to merit regulation and oversight.
Either way, AI is powerful, and it’s here to stay. And although it is not the most intelligent, there are great plans for it to be. Another form of AI is Artificial General Intelligence (AGI). This is an emerging field aiming at the building of “thinking machines”; that is, general-purpose systems with intelligence comparable to that of the human mind; and perhaps ultimately well beyond human general intelligence.
So what does all this mean for the future of work? Key findings from McKinsey’s research suggest that there will be enough work to maintain full employment to 2030 in most industries, but the transitions will be a challenge – ‘matching or exceeding the scale of shifts we have seen in the past.’
Though these are suggestions for the future we are already seeing big job-sites, such as LinkedIn and Monster, changing and expanding the way job seekers look for work and companies identify and recruit talent. One thing for sure is, all this disruption and innovation is changing the fundamental nature of work.
How can talent leaders navigate this disruption whilst retaining, retraining and recruiting the professionals of the future? Join our webinar in association with Glassdoor to find out how you can become digitally fit for the #FutureOfWork.