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  • Essay / Changing skills in the future workforce – an impact of automation

    Table of contentsRisk jobsBusiness opportunitiesInvestors are pouring money into AIWhat we can doHumans are underdeveloped Estimated In February 2017, Bank of America began testing its three branches without employees to serve digital-first customers and stay in touch with younger customers. These employee-free branches will provide access to humans, if necessary, via videoconferencing. Traveling back in time, in October 2016, Budweiser transported a truckload of beer 120 miles with a driverless truck. At Wimbledon, IBM Watson helps organizers and players with critical match statistics that can help them improve their matches. In short, from banking to means of transport to sport, AI is playing a more important role in transforming the way we look at businesses. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay AI is impacting various areas of business, from marketing to sales. Whether this impact is positive or negative is a debatable topic. Automation aims to replace routine, structured and predictable physical activities and data collection and processing. All these activities form the basis of occupation in most sectors ranging from manufacturing, retail, service businesses, etc. A McKinsey&Company survey indicates that less than 5% of occupations are fully automated and approximately 60% of occupations have at least 30% of tasks that can be automated. Most professions have the potential to automate their mundane tasks. A big concern is how many jobs will be created by automation-related growth and how humans and machines will interact or work together. A known fact is that yes, there will be a definite change in the skills of the workforce in the near or distant future. But it is unclear how this will happen. Risky jobs Monotonous tasks, which can be easily automated; this can gradually make certain professional functions at risk. According to Adobe, today only 15% of companies use AI. But over the next 12 months, that figure could rise to 31%. With this, we can be sure that entry-level jobs that are monotonous in nature are under threat. An example of this can be the automated LPG cylinder reservation system introduced by oil marketing companies. This automated system removed dependencies on local gas agencies, thereby making the system transparent, efficient, incorruptible and reliable. In short, with the expected growth in automation, we can expect a shift in entry-level jobs or a shift in workforce skills. Business Opportunities Currently, sales jobs involve a lot of human intervention and activity. Research by McKinsey Global and Salesforce reveals that 40% of tasks within the sales function can now be automated. AI can help organizations in their lead generation qualification, and its result can have 100% accuracy. This can help organizations save time and energy as many salespeople spend time converting a lead. This is one aspect of automation, but when big data and advanced analytics are used in sales, it creates magic for organizations. We.