Impact of AI on Massive Unemployment

Artificial intelligence (AI) has large potential to contribute to global economic activity. In particular for automating previous human intensive activity and result in less Human Resources required for certain job function and area.

The role of artificial intelligence (AI) as tools or part of digital transformation (DT) strategy use in business had the huge impact. This is not surprising given that AI might usher in radical—arguably unprecedented—changes in the way people live and work. The AI revolution is not in its infancy, but most of its economic impact is yet to come. The extent of how artificial intelligence (AI) will be leverage in the business, depend on how much they adopt absurd AI technologies in the right way for right impact and create disruptions that workers are likely to experience as they transition to artificial intelligence (AI).

In general, the higher Digital Transformation (DT) awareness and initiative in place, the more likely the business will adopt artificial intelligence (AI) as part of the overall strategy to make sure they are transition over to Digital Transformation (DT) faster over competition, or try hard to be the first few. Later adopters might find it difficult to generate impact from artificial intelligence (AI), because front-runner have already captured artificial intelligence (AI) opportunities and late adopters lag in developing capabilities and attracting talent.

Artificial intelligence (AI) like computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning (ML), just a few area artificial intelligence (AI) will be use in varying degrees. Factors that affect artificial intelligence (AI) driven productivity growth, from labour automation, innovation, and new competition.

Demand for jobs could shift away from repetitive tasks toward those that are socially and cognitively driven and require more digital skills, multi tasking and knowledge worker like. Job that characterised by repetitive activities that require a low level of digital skills found experience massive decline or trigger unemployment scenario, since lack of market needed new skill sets. This wave of change whether business in private sector or public sector, should handling artificial intelligence (AI) adoption and penetration in strategic manner to gain full economy and productive growth impact, and massive reselling workforce to make sure for those who they hire is trainable and continue value added in the changing world. Labor saving nature of artificial intelligence (AI) technologies via smart automation, smart workplace is the mega trend, you either found it you are become less marketable or become highly demand due to the change.

E-SPIN being in the enterprise and business technologies solution business since 2005. We assist various enterprise, business and government customers digital transformation (DT) by adopt and invest in the right technologies, system, tool for productivity growth. Feel free to contact E-SPIN for the consultancy on the operation and strategic requirements.