Topic > Changing Future Workforce Skills: An Impact of Automation

IndexJobs at RiskBusiness OpportunitiesInvestors are pouring money into AIWhat we can doHumans are undervaluedIn February 2017, Bank of America began testing its three branches without employees to serve digital-first customers and stay connected to younger customers. These branches without employees will give access to people, if necessary, via video conference. 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 game. In short, from banking to transportation to sports, AI is playing an increasingly important role in transforming the way we look at business. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Artificial intelligence impacts various fields 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 tasks and data collection and processing. All these activities form the basis of employment in most sectors, from manufacturing, retail, service companies, etc. A survey conducted by McKinsey&Company states 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 occupations 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 marked change in the skills of the workforce in the near or distant future. But it is not known how this will happen. Risky jobs: monotonous tasks, which can be easily automated; this can gradually make some job roles at risk. According to Adobe, only 15% of companies use AI today. But in the next 12 months this figure could grow to 31%. With this, we can be sure that entry level jobs which are monotonous in nature are at risk. An example of this can be the automated LPG cylinder booking system introduced by oil marketing companies. This automated system has eliminated dependencies on local gas agencies, thus making the system transparent, efficient, incorruptible and reliable. In short, with the expected growth of automation, we can expect a change in entry level jobs or a change in workforce skills. Opportunities for Businesses Currently, sales jobs include many human interventions and activities. Research conducted by McKinsey Global and Salesforce reveals the fact that 40% of tasks within the sales function can now be automated. Artificial intelligence can help organizations with 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 move from analyzing historical data to using data to be more predictive. Analytics can help organizations to.