Looming 2023 Trends
Ubiquitous (AI) Artificial Intelligence
Straight from the pandemic and into 2030, artificial intelligence is projected to contribute $15.7 trillion to the global economy, representing 26% of global GDP for the same period (World Economic Forum, 2020). How is a projection of value contribution so massive?
The answer is that from the first AI program in the 1950s, it has since found application in every facet of human activity and industry, from consumer to industrial hardware and software. People are exposed to artificial intelligence on a daily basis, a testament to its wide range of applications.
It’s present in home appliances, on phones, in hospitals, agriculture, military, government, and the list goes on. AI has also become the basis for tons of technological innovations such as face recognition, data processing, speech recognition, etc. Furthermore, the technology can also be used for business front such as AI-powered customer service.
However, as many benefits as it brings, there’s still a lot of controversies revolving around the field. Robots uprising is perhaps the most popular concern regarding the advancement of AI technologies.
But there are more pressing issues than that such as the dissolution of many jobs. To address this concern, the World Economic Forum introduced two landmark studies on the effect of AI on jobs. The first one saw a positive gain, while the second one that accounted for the pandemic showed more of the same: across 26 countries in 2025, 85 million jobs will be displaced while 97 million new jobs will be created (World Economic Forum, 2020).
In particular, automation will create new jobs and welcome various existing professions into its space. These include developers, testers, programmers, tech specialists, etc. A degree of retraining might be required for some people but it’s better than completely displacing them.
Source: Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline
Having spent the majority of my career working with and supporting the Corporate CIO Function, I now seek to provide a forum whereby CIOs or IT Directors can learn from the experience of others to address the burning need to change the way we all work post the COVID Pandemic.
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