A capsule version of artificial intelligence is software that learns, analyzes, and adapts to new information. It sounds pretty simple, but it isn’t. AI is accomplished by studying how human brain thinks and how humans learn, decide and act while solving a problem. Sports Tycoon & Billionaire MARK CUBAN warns us against the potential dangers of Artificial Intelligence, “There’s going to be a lot of unemployed people replaced with technology and if we don’t start dealing with that now, we’re going to have some real problems. We’re going through a transitional period where we’ll see more disruption driven by artificial intelligence than we’ve seen in the last 30 years.” (Source)
Here are just five of the jobs that AI is set to disrupt.
1. PARALEGALS & Legal Assistants
Odds - 9 / 10
Robots and Machines will take control of the most repetitive tasks in professions such as law, with paralegals and legal assistants facing a huge potential unemployment hazard with a majority of their work getting computerized. According to a recent report by Deloitte, more than 100,000 jobs in the legal sector have a high chance of being automated in the next 20 years.
2. Taxi Drivers
Odds - 8 / 10
Good news for the 1.3 million people who die in road traffic accidents every year. With automation and artificial intelligence joining hands, driverless cars will soon become readily available and accessible commodity. NO more overspeeding tickets, NO more rash and negligent driving, NO more ‘DO NOT DRINK & DRIVE’ signboards.
3. Customer Service Representatives
Odds - 8 / 10
This field is projected to grow 12% by 2024, but with excessive content on the internet, it's no surprise companies will rely more largely on bots and automated services to answer support questions from employees and customers in the future. This can save a company huge amount of business process outsourcing expenses increasing its profitability.
4. Research Analysts
Odds - 7 / 10
According to a survey by Greenwich Associate - Research analysts are the most likely employees on Wall Street to find themselves working with—or being replaced by—robots.
By next year, some 75% of banks and financial firms will either try out or implement artificial intelligence technologies, incorporating digital services to dig through the huge mountain of clustered data.
5. Advertising Salespeople
Odds - 7 / 10
With the paradigm shift from advertising in Print and TV to Web and Social Media landscapes, people simply do not need to manage those sales for marketers who buy and sell ad space. Social media platforms make it easy for people to buy space through free Application Program Interfaces and self-serve add marketplaces aiding in abolishing sales agents and helping users make more money - and that’s projected in the 3% decline in the industry.
When it comes to future growth, few industries have the potential of AI. In 2016, the AI market was worth just under $644.0 million. In 2017, that number is expected to soar by almost 95% to $1.25 billion. By 2025, the AI market is forecast to be worth $36.82 billion; that represents an eye-watering compound annual growth rate (CAGR) of almost 57%. (Source: “Revenues from the artificial intelligence (AI) market worldwide, from 2016 to 2025,” Statista, last accessed April 24, 2017. (Source)
“Machines should only do what humans cannot,” Jack Ma once said. “Only in this way can we have the opportunities to keep machines as working partners with humans, rather than as replacements.”
The technology juggernaut has literally threatened human employee class.
It is now accepted that machines will trump humanity, the million dollar question is HOW SOON?