Artificial Intelligence

Unbridled Adoption Of Artificial Intelligence May Result In Millions Of Job Losses And Require Massive Retraining For Those Impacted

Nastel Technologies®
September 30, 2019

Artificial Intelligence – PricewaterhouseCoopers, the large accounting and management consulting firm, released a startling report indicating that workers will be highly impacted by the fast-growing rise of artificial intelligence, robots and related technologies.

Banking and financial services employees, factory workers and office staff will seemingly face the loss of their jobs—or need to find a way to reinvent themselves in this brave new world.

The term “artificial intelligence” is loosely used to describe the ability of a machine to mimic human behavior. AI includes well-known applications, such as Siri, GPS, Spotify, self-driving vehicles and the larger-than-life robots made by Boston Robotics that perform incredible feats.

While many reports tout the benefits of AI, there are many risks and unintended consequences, including the likelihood of replacing millions of human workers and unethical uses of the technology. For instance, China is using facial recognition to closely scrutinize its citizens who could be punished for certain transgressions. The country has been accused of using facial recognition to profile Muslims in its Xinjiang region. Recently, there were privacy concerns raised about FaceApp, the Russian-backed, face-ageing application.

Bloomberg reports that “more than 120 million workers globally will need retraining in the next three years due to artificial intelligence’s impact on jobs, according to an IBM survey.” The amount of individuals who will be impacted is immense. The world’s most advanced cities aren’t ready for the disruptions of artificial intelligence claims Oliver Wyman, a management consulting firm. It is believed that over 50 million Chinese workers may require retraining as a result of AI-related deployment. The U.S. will be required to retool 11.5 million people in America with skills needed to survive in the workforce. Millions of workers in Brazil, Japan and Germany will need assistance with the changes wrought by AI, robotics and related technology.

While the study claims that employees can learn new skills, its logic is suspect to the realities. In an effort to save billions of dollars in labor costs, Amazon warehouses have thousands of little, cute, orange robots made by Kiva, a robotics company acquired by Amazon for $775 million. The Kiva robots needs only 15 minutes to find, pick and package an order, whereas a human needs about 60-75 minutes to accomplish the same tasks. I’ve spoken with workers at Amazon fulfillment centers and they claim that the pace and toll it takes on the human body is too much too handle. Humans simply can’t compete against robots due to our inherent limitations.

Mark Cuban, who became a billionaire with his tech company and is now the owner of the Dallas Mavericks, said in a CNBC interview, “President Donald Trump should be more aware of tech advancements in machine learning and artificial intelligence and how that will impact America’s future.” Cuban said, “I’m willing to bet that these companies building new plants…this will lead to fewer people being employed.”

“Computers, intelligent machine, and robots seem like the workforce of the future. And as more and more jobs are replaced by technology, people will have less work to do and ultimately will be sustained by payments from the government,” predicts Elon Musk, the cofounder and CEO of Tesla.

This article originally appeared on forbes.com To read the full article and see the images, click here.

Nastel Technologies uses machine learning to detect anomalies, behavior and sentiment, accelerate decisions, satisfy customers, innovate continuously.  To answer business-centric questions and provide actionable guidance for decision-makers, Nastel’s AutoPilot® for Analytics fuses:

  • Advanced predictive anomaly detection, Bayesian Classification and other machine learning algorithms
  • Raw information handling and analytics speed
  • End-to-end business transaction tracking that spans technologies, tiers, and organizations
  • Intuitive, easy-to-use data visualizations and dashboards

If you would like to learn more, click here.

Nastel Technologies is the global leader in Integration Infrastructure Management (i2M). It helps companies achieve flawless delivery of digital services powered by integration infrastructure by delivering Middleware Management, Monitoring, Tracking, and Analytics to detect anomalies, accelerate decisions, and enable customers to constantly innovate, to answer business-centric questions, and provide actionable guidance for decision-makers. It is particularly focused on IBM MQ, Apache Kafka, Solace, TIBCO EMS, ACE/IIB and also supports RabbitMQ, ActiveMQ, Blockchain, IOT, DataPower, MFT and many more.

 

The Nastel i2M Platform provides:

  • Secure self-service configuration management with auditing for governance & compliance
  • Message management for Application Development, Test, & Support
  • Real-time performance monitoring, alerting, and remediation
  • Business transaction tracking and IT message tracing
  • AIOps and APM
  • Automation for CI/CD DevOps
  • Analytics for root cause analysis & Management Information (MI)
  • Integration with ITSM/SIEM solutions including ServiceNow, Splunk, & AppDynamics

Comments

Write a comment
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment * This field is required!
First name * This field is required!
Email * Please, enter valid email address!
Website

Register to Download

Subscribe

Schedule a Meeting to Learn More

Become an Expert

Schedule a Demo