Introduction
With artificial intelligence playing a vital role in revolutionizing operations across industries, many young professionals are bound to be worried about their job security. Is AI an evil entity that would take away many jobs or would it aid employees in performing tasks? With the rise in AI jobs in India, gen AI jobs are the most sought after. Read on to know more about the impact of AI on jobs.
Impact on Employment
As the current job market changes due to changing trends and the impact of gen AI, new jobs emerge. There will be a significant impact on unemployment rates but at the same time, new job requirements will also emerge due to an increase in demand for AI-based skills. AI creates new opportunities that demand skills like critical thinking, creativity, and problem-solving. Jobs that are repetitive and mundane are likely to be replaced by AI, so professionals who work in industries that rely on routine tasks have to upgrade their skill sets in order to survive in the current AI-driven workspace.
If you are a professional with nearly a decade of experience under your belt, the ideal option for you would be to upgrade your skills in AI, machine learning, and data science to sustain in the market. Here are a few new job roles that you can take up if you learn gen AI and data science along with your current skill set.
New Job Roles
If you are into mentoring and training, you can become an AI teacher or trainer who teaches AI systems to implement new learning concepts. For instance, an AI trainer will ensure the effectiveness and accuracy of AI algorithms. They will also develop new AI applications and systems that suit students and resonate with the current industry requirements. If you are a data analyst, you can learn gen AI and data science to interpret data quickly and efficiently, contributing to the overall growth of the organization. You can use AI tools to analyze data, frame insights, and identify patterns that can help the business make informed decisions.
Did you know that there is a growing need for professionals who can manage the interaction between humans and machines? This role is known as human-machine teaming managers. These managers are responsible to establish effective practices, ensuring that AI systems work with human resources effectively. AI ethics and policy specialists are on high demand as it is important for organizations to ensure compliance with ethical policies. These specialists use their expertise to ensure that all AI systems are used ethically and comply with the privacy policy.
Impact on the Global Economy
AI has revolutionized the current market by improving productivity and output, stimulating economic growth by many folds. It has a positive impact on the economy with an improved turnover due to optimized operations and cost reduction. However, there are also a few concerns regarding the possibility of widening the wealth gap as employees with gen AI and data science skills will be paid more than the ones who lack these skills. There is also a significant impact of AI on jobs in India due to changing trends in data analytics and machine learning.
Will AI Replace Jobs?
Contrary to popular belief, AI is not going to replace humans, at least not in the near future. This is because companies will need more human resources to monitor AI-generated outputs as they may not be as accurate as predicted. When it comes to the impact of AI on jobs, did you know that AI will have displaced 75 million jobs by the end of 2025 but is estimated to create 133 million new jobs by the year 2030? There is bound to be a significant job displacement in certain industries, however, this will depend on the region and certain industries. It is estimated that there may be a surge in job growth in the education and healthcare industries as there is a constant demand for data scientists and gen AI professionals. The answer is that the rise of AI will replace a few jobs but if you up skill yourself and learn the basics of data science and gen AI, your job will remain secure.
Job Trends in the Era of AI
With unanticipated opportunities due to significant breakthroughs in the field of artificial intelligence, professionals and freshers skilled in AI and data science are sure to land a job in a reputed organization. Here are some current job trends in the AI era.
AI has redefined several job responsibilities due to automation, leading to a rise in demand for new skills while recruiting candidates. Also, AI demands the need for a dynamic workforce that is more adaptable and open to learning new technologies, thereby improving skills. Traditional industries are now seeing a change in dynamics as conventional manufacturing has now transformed into smart factories with AI-driven production and maintenance. Also, emerging entrepreneurs can broaden their scope to support economic expansion and recruitment with AI technology.
Industries now emphasize on quality over quantity of skilled resources when it comes to hiring, thanks to the emergence of AI. This new technology has paved the way for organizations to invest in reskilling and continuous up skilling with the ever-changing nature of work. Another increasing trend is the emphasis on handling ethical issues by eliminating prejudice and ensuring inclusion. There has also been an increase in generative AI jobs across several industries.
Why Choose Gen AI as a Career?
Regardless of which industry you are working for or are aiming to start your career as a fresher, AI and data science play a pivotal role in every organization. Learning gen AI and data science with machine learning is sure to take you miles ahead in your job and reinforce your skills to face the current competitive world. As an AI expert, you can enhance your productivity and reach a higher potential. It also helps you automate some of the mundane tasks that you perform and channel your focus on other areas to master multiple interconnected capabilities in one go. This will make you an established professional in the AI-driven market and become a desirable candidate for recruiters.
How does Eduinx sharpen your skills in AI and thrive in a competitive world?
Eduinx's data science with generative AI course is the best way for you to start your career in AI. They have a team of expert trainers with over a decade of experience in the industry. You can gain hands-on experience by working on capstone projects and gaining a deep insight into machine learning, Python, Hadoop, and Big Data. These skills will help you gain an edge over other job applicants in the industry. Eduinx also offers 360-degree career support with job assistance. Learn generative AI techniques and become a master of data visualization through this course. This will help you overcome the negative impact of AI on jobs. Click here for more information on the course.
Reference links:
https://www.innopharmaeducation.com/blog/the-impact-of-ai-on-job-roles-workforce-and-employment-what-you-need-to-know#:~:text=The%20rise%20of%20automation%20and,to%20increased%20efficiency%20and%20productivity. https://sageuniversity.edu.in/blogs/impact-of-artificial-intelligence-on-employment https://www.dypatilonline.com/blogs/impact-of-ai-on-jobs-in-india-trends-opportunities-career-tips
