“New research from IDC, released by Salesforce, claims that artificial intelligence (AI) will create 823,734 jobs by the year 2021, surpassing the number of jobs lost to AI technologies such as machine learning and automation,” Conner Forrest reports for TechRepublic. “Additionally, the report predicted that AI will increase global business revenues by $1.1 trillion in the same time frame.”
“The two statistics mentioned above will both come about as a result of ‘efficiencies driven by AI in CRM,’ the report found,” Forrest reports. “And, if one includes indirect obs, the number of jobs added by AI jumps to 2 million. ‘This is a net-positive figure in that it includes an estimate of jobs lost to automation from AI,’ according to the report.”
“The big takeaway from this research is the idea that AI will create more jobs than it displaces,” Forrest reports. “This stands in stark contrast to other research, such as that from MIT economist Erik Brynjolfsson, that suggests AI and automation will replace more jobs that it will create. Other, more dire, claims state that there’s a 50% chance that AI will outperform humans in every job in just 45 years.”
Read more in the full article here.
MacDailyNews Take: Either way or even right down the middle, it’s a Brave New World.
SEE ALSO:
Woz: Robots won’t soon take over most jobs – May 23, 2017
I foresee robot coal miners, highway construction crews, wall builders, immigration clerks, tax preparers, and nurse practitioners all remotely overseen by human specialists, supported by a massive bureaucracy of Information Technology professionals and grunts.
because there won’t be many coal mining jobs left in a couple of decades, regardless of the availability of AI-driven robots. Anyone who has any experience with coal mining knows that jobs have been trending down for decades for a variety of reasons which government cannot stop. It is like trying to prop up buggy whip making jobs after the automobile began becoming popular.
A promise made is a debt unpaid.
The funny part is that (if you believe in this prognosis) artificial intelligence will require so much of natural intelligence. 🙂
The numbers I have seen is that about 40% of jobs currently in the US economy could be replaced by technology in the next couple of decades. That is an astounding number with serious implications for politics, economics, society and more.
The current labor participation rate is in the low 60% range and imagine what that would look like with almost half today’s jobs gone. That is a lot of people with a lot of time on their hands.
Beyond that, how will the broad elimination of so many jobs impact the labor market value of those jobs that will not easily be replaced by technology? Many of the surviving jobs will be the kinds of dirty but necessary jobs essential to an advanced civilization.
Artificial? How about actual intelligence for a change.
I would truly love to see a breakdown of what they mean by Artificial Intelligence.
I would love to know your definition of artificial intelligence.
“The two statistics mentioned above will both come about as a result of ‘efficiencies driven by AI in CRM,’ the report found,”
“Efficiencies driven by AI in CRM.” Efficiencies is usually enterprise speak for cutting down on people. AI in CRM sounds like chat bots in customer service and customer relations.
How does that create jobs?
We’ve gotten rid of our customer relationship department and handed it over to Alexa and Watson.