The future of work with AI has long been plagued by worries about jobs at risk due to AI. The technology evokes concerns and hopes at the same time, as people often equate it to AI automation and job loss. While some believe in the wonders that AI in the workplace could bring, some perceive it with doubt regarding the future of job security with AI.

Research by Marketsandmarkets indicates that the global AI market was estimated to be worth $87 billion in 2022 and is projected to rise at a compound annual growth rate (CAGR) of about 36.2 percent between 2022 and 2027, reaching $407 billion by the end of 2027. CEO Insights recently conducted a LinkedIn poll on the topic: “Are You Worried That AI Will Replace Your Job?”.  The poll shows that 55 percent of the participants are not worried about AI replacing their jobs. While 28 percent expressed concerns about AI replacing their jobs, 10 percent say that AI may replace their jobs in the future, and seven percent are unsure. Therefore, a vast majority of people are positive that AI will not replace jobs, and few are sure that it will.

Today, AI is present in almost every part of human life, from summed-up product reviews to self-driving cars. Technology is a dose of lifeblood through data, making our world is getting more and more digital.

AI has been around for a while; current developments in software design, data proliferation, and semiconductor discoveries have, in fact, brought it to a turning point. It has become more than just a buzzword, and companies in many industries are already exploring ways to use it to increase productivity or create new revenue streams.

Will AI Replace Jobs?

According to a research by Goldman Sachs, 300 million full-time employment could be replaced by AI. In the US and Europe, it might replace 25 percent of labor duties, but it's also likely to prompt an increase in productivity and the creation of new jobs. Additionally, it might eventually result in a seven percent rise in the global annual value of products and services produced. Moreover, the research indicates that approximately 25 percent of all employment could be performed majorly by AI and two-thirds of jobs in the US and Europe.

Customer service representative

Currently, phone conversations with customer service representatives are now largely conducted online. While customers sometimes have recurrent questions and issues. It is not necessary to have strong emotional or social intelligence to respond to these questions. As a result, automatic answers to often requested queries can be generated with AI.

Accountants/Bookkeepers

Bookkeeping process are already experiencing some level of AI and automation by some companies now. AI-powered bookkeeping services, offered as cloud-based services, help in terms of flexibility, security, and an effective accounting system. 

Sales

The days of businesses needing salespeople for retail and advertising purposes are fastly dissipating. The way of advertising has shifted to social media and the web. Social media platforms have built-in target marketing features that let advertisers develop unique content for a variety of consumers.

Research and analysis

AI is already being used in the research and data analysis domains to garner fresh data without human intervention and streamline processes. Modern computers have proven to have enough processing capacity to sift, extrapolate, and analyze data efficiently.

Warehouse work

The sector of online sales is expanding constantly, and with it comes the need for more automated systems and processes to load items onto delivery trucks quickly and efficiently. The usage of automation has been one area of interest for process simplification. Moving ahead, AI may potentially carry out mechanized retrieval and loading to boost shipping capacity. 

Will More Jobs Be Created by AI

The belief that AI will create more employment than it replaces is frequently made. In addition, a lot of people in several areas will be relieved that AI won't jeopardize their career and way of life.

These are a few of the occupations that won't require a lot of repetition or interruptions.

 

As a result, workers who perform them in the free job market won't be replaced by AI.

Teachers

For many of us, teachers serve as important points of reference. Our academic choices are frequently influenced in part by how influential a particular teacher was for us in previous years. It is quite improbable that we will ever have a fully digital learning environment because of all these factors.

Artists and writers

Putting a certain combination of words in the appropriate order is a difficult task, and writing, in particular, is such a creative fine art. Therefore, even though AI is theoretically capable of learning from the majority of books published worldwide, in most languages, and developing a somewhat unique communication style, the magic and excitement of crafting words into works of art will largely remain outside the purview of our competition in the years to come.

Psychologists and Psychiatrists

Mental health is a particularly sensitive subject, even if a lot of facial recognition technology is presently being employed to produce the first AI counseling care and support, given the growing demand. In order to assist individuals in achieving success in all facets of their lives, human touch is necessary.

Surgeons

Undoubtedly, technology has significantly improved our ability to identify and diagnose illnesses in any medical report. Micro robots also improves the surgeons' operational precision, allowing for less intrusive treatments. However, a surgeon needs to be able to relate to their patients on a multitude of other levels and take into account a great deal of information at the same time. During an operation, factors like experience, knowledge, and abilities that have been accumulated over time must be distilled into a matter of minutes.

Lawyers and judges

Negotiation, strategy, and case analysis play major roles in these roles. A great deal depends on the individual expertise and experience of each specialist. To successfully negotiate intricate legal systems and present a case in court on behalf of a client, one needs a specific set of abilities. When a judge must weigh all the many factors in a case and make a decision that may land someone in jail for years, there is a human element at play.

While some are welcoming the change and thrilled about artificial intelligence (AI), others believe it will replace more jobs than it creates. Neighbors appear to have come to the conclusion that AI will eliminate millions of jobs and force people into the streets. In order to remain competitive in the age of artificial intelligence, one must embrace lifelong learning, cultivate soft skills, possess agility, and focus on a particular area of expertise. Workers may prosper in the AI era and seize the chances it offers by honing these talents and adjusting to the shifting nature of the employment market.