Where is Artificial Intelligence taking us?

The first seeds of AI were sown in 1940, with the introduction of programmable computers. Since then, slowly but surely AI has been gaining momentum and it really picked up pace in the 2000’s, with the introduction of sophisticated technology in industries. AI basically enables machines to learn from experiences , adjust to new inputs and perform tasks like a human being. This means ensuring a good progress in getting work done, with more efficiency and less work force. To put this in simpler terms, it means that in the coming years we could look forward to a massive cut in workforce, with the introduction of automation in industries.

Most of the tech industries are at a higher risk of automation, with the fears that it will eliminate millions of jobs altogether. According to a study, there will be a significant growth of 47.5% in 2021 in the role of AI in industry. With the novel coronavirus marking the end of the decade, industries found themselves facing a perilous situation- What could be done? Remote work was a boon, but for how long? The HR’s were forced to make some humongous but necessary changes. Digitalization became the norm of the industry which led to some serious cut in workforce. A quarter of the global workforce faced an overnight crisis as professionals found themselves without jobs. The global tech machinery ventured into uncharted seas as HR’s came to realize the necessity of automation and digitalization of the workspace. Artificial Intelligence, thus, became the one stop destination for industries to ensure the smooth and efficient functioning of the workplace.

Introduction of AI, full time, in the industry will revolutionize work culture. Machine learning will become the new software. In the past, startups were scrambling to create solutions that could gather large amounts of information through the use of complicated algorithms utilizing artificial intelligence. Now it’s all about selling those algorithms. Enterprise companies will pay big bucks to be able to target their customers as precisely as they can, with customized offers and retargeting ads, creating a lucrative job offer for the potential professionals. Apart from this, The high-tech industry has advanced at an impressive pace, and it won’t slow down anytime soon. Tech industries need to harness the very things they promise customers: intelligence, responsiveness and speed. By integrating AI-supported deep learning and analytics with product development and other processes, industries can effectively predict which directions they should next turn, implement ideas, create products faster than before and continuously improve how they operate.

Nevertheless, all the myths surrounding the full time inculcation of AI in the industry, are basically just one side of the coin. With the complete automation, a new set of skills have gained priority in the industry. Artificial intelligence, machine learning, cybersecurity, IoT and Robotics will be topmost skills preferred by the tech industry. With half of the workplace being occupied by Automated devices, the competition has been blown wide open! With professionals striving to fill the other half of the workplace, the industries get to hire the best of the best. AI will open a wide range of new jobs that will be based on skill implementation. HR’s will focus mostly on skill retaining, rather than skill development of existing employees. This means that candidates looking for a future in the software industry need to step up their game in order to synchronize with the changing industrial environment. So, what are you doing?