Connect to Us LinkedIn Youtube RSS

AI TO CREATE JOBS BY 2020

Aruba, October 16, 2017 - AI to eliminate about 1.8 million jobs by 2019, but create more in 2020 to offset the deficit.

Artificial intelligence (AI) will create 2.3 million jobs globally and become a positive “net job motivator” by 2020, according to Gartner Inc.
 
“AI will eliminate more jobs than it creates through 2019, however, Gartner believes that the number of jobs created due to AI in 2020 is sufficient to overcome the deficit,” according to the U.S.-based research and advisory company’s top ten predictions for 2018.
 
Gartner forecast that AI would eliminate about 1.8 million jobs by 2019.
 
“Net job creation or elimination will vary greatly by industry; some industries will experience overall job loss, some industries will experience net job loss for only a few years; and some industries, such as healthcare and education, will never experience net job loss.”
 
AI is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning, reasoning, and self-correction. Applications of AI include expert systems, speech recognition and machine vision. “AI will improve the productivity of many jobs, and used creatively, it has the potential to enrich people's careers, reimagine old tasks and create new industries,” according to Gartner.
 
Daryl Plummer, vice-president and Gartner Fellow, said chief information officers need to develop a pace that could be sustained “no matter what the future holds.”
 
"Technology-based innovation is arriving faster than most organisations can keep up with. Before one innovation is implemented, two others arrive," Mr. Plummer said.
 
Early-adopter brands that redesign their websites to support visual and voice search will increase digital commerce revenue by 30% by 2021 and five of the top seven digital giants, by 2020, will wilfully “self-disrupt” to create their next leadership opportunity.
 
“In doing new things, digital giants, such as Alibaba, Amazon, Apple, Baidu, Facebook, Google, Microsoft and Tencent, are likely to run into situations where their influence has grown so large that it is difficult to create new value scenarios.
 
“This ultimately leads to self-disruption. In a self-disrupting strategy, disruption arises as intentional intent to get there first, even if it is necessary to disrupt yourself. While this can be risky, a risk of inaction can be even higher.”
In another four years, more than 50% of enterprises will be spending more per annum on bots and chatbot creations than traditional mobile app developments and by 2020, Internet of Things will be in 95% of electronics of new product designs.
 
Read more at:
 

By orbitalnets.com