Artificial Intelligence
is slowly taking over given its ability to enhance efficiency in various
operations. Increased automation, thanks to the machine learning
technology, is gradually becoming a reality. Amidst the transformation, there
have been concerns that the technology could render
many people jobless. However, that appears not to be the case.
The synergies up for grabs with Artificial Intelligence
are one of the reasons why institutions of higher learning are increasingly
taking note of the technology. Programs designed to equip students with
relevant skills pertaining to the machine learning
technology are slowly cropping up, having become clear the kind of impact the technology is poised to
have in the labor market.
Thanks to AI, 40-50% of the current jobs should be viable over
the next 15 years, even with higher levels of automation. The technology is poised to
have a significant impact on the way people, as well as machines, carry out
operations in the labor market. This is in part because of an increase in
computing power that is making it possible for AI-powered machines to
carry out functions normally designated to humans. While AI will displace old
jobs, it will also give rise to new jobs.
The availability of vast troves of data has made it possible to
train machines leveraging artificial intelligence to achieve specific goals as
well as tasks. Advancement
in AI technology means there is a likelihood that AI-powered machines
could in the future exceed human intelligence. There is also the probability of
an emergence of a new form for AI that is well beyond human intelligence.
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